Canada is creating more startups, but fewer are raising pre-seed capital: report
The country is on track for more company creation in 2026 than 2025. AI could be a factor.
Quebec
Inovia secures $200-million USD first close for sixth early-stage VC fund
Fund VI will be Inovia’s “first completely AI-native fund” and focus on frontier tech.
Bia Health raises $2.15 million for AI to reduce unnecessary medical interventions
Startup claims its program can help clinicians make better diagnostic decisions.
Where quantum and AI intersect
At ALL IN, quantum leaders discussed why the tech won’t be built (or sold) like AI.
OSCP closes $6-million USD Series A round to power navigation without GPS
Montréal photonics startup aims to disrupt the IMU market with a smaller, more accurate alternative.
Femtum opens new Québec City factory to build more lasers for chipmakers
The $2.1-million headquarters dramatically expands production capacity as Femtum scales to meet data-centre boom.
Quantum eMotion to acquire fellow Canadian cybersecurity firm Plurilock
Quantum-focused Montréal firm wants to use Victoria-based counterpart to broaden cybersecurity offerings.
How Canada can keep its AI talent
Mila’s Alex Shee on the shift from academic institutions that could help create “generational opportunity.”
Axya closes $17-million Series A to modernize manufacturing procurement
McRock, Yamaha, CIBC back Axya’s plan to help manufacturers automate sourcing and purchasing.
Aidan Gomez says Cohere won’t get into the business of making chips
Toronto AI company won’t follow competitors in pursuit of in-house semiconductors.
CEIMIA, Animikii partner with Manitoba First Nation on stewardship of Indigenous data
Animikii Indigenous Technology and CEIMIA announced the partnership at Montréal’s ALL IN conference.
OpenAI managing director says Canada an “obvious place” for data centre
George Osborne also praised the country’s efforts to solicit international investment and boost AI adoption.
Terry Fox Research Institute commits $25 million to AI powered health projects
Fourteen Canadian projects can use TFRI’s secure platform to analyze “vast amounts of complex health data.”
Yoshua Bengio’s LawZero receives $300 million backing from Canada and Germany to pursue safer AI ambitions
Non-profit startup will use the funding to establish a Berlin office and a Canadian sovereign compute partnership.
Cohere reaches terms with German peer Aleph Alpha to take on AI giants
Combined company will retain the Cohere name and become dual-headquartered in Toronto and Berlin.