Google Canada provides $2.7 million in research grants to major Canadian AI institutes CIFAR, Amii, CEIMIA
The funding is aimed at supporting research into sustainability and responsible AI development.
Quebec
Sonder faces class action investigation after delaying financial results due to errors in past statements
Company said correcting the errors will increase its net loss for 2022 and 2023.
Nuvei stock rises as company confirms discussions following report of potential buyout
Nuvei has formed a special committee to evaluate “expressions of interest” the company has seen.
Monadical launches Developer Capital to fund early-stage AI startups with help from its team of software devs
Montréal investment corp. has closed $2.5 million CAD, backing Unified.to and Rithmik.
Music collaboration startup BeatConnect raises $2.25 million CAD
Platform led by CBC alumni reached over 70,000 users in 2023.
Opalia closes $2 million to make more milk with less moo
Startup develops milk from bovine mammary cells.
MDF Commerce to go private in $255-million acquisition by New York-based KKR
The deal’s price tag is a premium on its recent TSX close yet well below its peak value.
CVCA spotlights women leaders across Canadian venture capital, private equity
Investors from Brightspark and Yaletown lauded for excellence in Canadian VC.
General Atlantic becomes major investor in travel perks platform Plusgrade
The deal values Plusgrade at over $2 billion, according to The Globe and Mail.
Middleware land grab: Flinks wants to kill screen-scraping and make APIs king
Montréal FinTech hopes to cement “special position” in North America’s financial ecosystem.
Jacob Homiller replaces co-founder Chris Stern as CarbiCrete CEO
Stern says he will remain with the company as a strategic advisor.
A year after its fundraising failure, Omnirobotic emerges from restructuring as a profitable robot builder
Reborn Québec firm’s machines now serve cabinet manufacturers across North America.
EdTech startup Tokidos secures $1.35 million CAD for screenless gaming console
Tokidos says it has more than $115,000 in pre-orders for its September launch.
QueerTech acquires accelerator Gradient Spaces to support more 2SLGBTQ+ tech workers
According to QueerTech, less than one percent of venture capital deals go to Queer entrepreneurs.
Profitable payments startup Zūm Rails closes $10.5-million Series A
Founded by Flinks, Versapay alums, Züm is looking to ramp its US expansion.