Former EventMobi, Voiceflow leaders secure $2 million CAD to tackle retail merchandising with Merchkit
Startup aims to help retailers cut product launch timelines, operational costs via AI.
Toronto
Promise Robotics opens second factory to help increase Canadian housing supply
Calgary plant for home builder robots expected to start production this summer.
Vault rebrands to Venn following $21.5-million Series A round
Founded as a multi-currency account, Venn looks to broaden its financial management solutions and sales staff.
Using AI, University of Toronto team claims development of strongest nanomaterial yet
Team claims the nanomaterial can support over a million times its mass.
CMD Capital halts fundraising amid “tough” VC market
Experienced early-stage VCs say the “timing and context are wrong for us to raise a first-time fund.”
Koru helps unlock innovation in the classroom
Toronto’s tech community comes together to celebrate five years and solve real problems for Ontario schools.
Former Toronto Raptor Pascal Siakam teams up with DMZ to launch EdTech accelerator
NBA Champion and Toronto tech hub aim to give early-stage EdTech startups a boost.
Certn and Quadshift secure capital from BDC Capital’s topped-up funds
Funding follows apparent departure of Certn president less than a year into the job.
Local leaders launch Toronto Tech Week to accelerate city’s ambitions
New annual event financially backed by City, Google Cloud, and Shopify, with support of over 40 community partners.
Glassbox announces $1.65 million in funding to “reimagine the spreadsheet” for corporate finance
Ex-investment banker aims to help former peers build financial models faster with AI.
Toronto and Waterloo Region orgs get $34 million in FedDev funding
Accelerator Centre, TIAP, OBIO, and University of Waterloo among supported organizations.
Major media companies sue Cohere for alleged copyright infringement
Toronto Star, Condé Nast, Vox part of group alleging Cohere unfairly copied, used their content.
Payfare defends Fiserv acquisition deal from minority shareholder dissent ahead of vote
The payments processor said undervaluation and conflict of interest claims were “misleading.”
Clutch recovers valuation and eyes growth with $50-million Series D round
Online car seller has gone through “fair share of existential crises,” but is ready to build again, CEO says.
Alexi secures $4.5 million in venture debt from TD to develop AI tools for litigators
Debt financing comes eight months after legaltech startup’s $15-million Series A.