Tuhk raises $6 million USD to crack down on financial cybercrime
Enterprise FinTech startup planning launch in Canada, the US, and UK next year.
Toronto
Twenty Canadian companies join NATO’s largest-ever defence accelerator cohort
NATO DIANA connects companies with military end-users, mentors, and investors in the North Atlantic.
Microsoft to spend $7.5 billion on AI data centre expansion with pledge to protect Canada’s “digital sovereignty”
President calls project “the most important commitment in Microsoft Canada’s history.”
Cohere announces partnership with Thales Canada amid defence tech push
Toronto company’s AI will help French defence contractor service Royal Canadian Navy fleets.
Feds unveil $358-million initiative to bolster Canada’s defence supply chain
Regional Defence Investment Initiative will be deployed by Canada’s regional development agencies.
University of Toronto establishes AI research chair to recruit the next Geoffrey Hinton
Google and U of T are each providing $10 million to support the position.
MaRS innovation hub and insurance firm Definity launch new accelerator for climate adaptation startups
With insurance payouts from wildfires, floods, and storms on the rise, Definity sees room to help prevent them.
Clio takes Alexi to court over database at the centre of billion-dollar vLex deal
Alexi denies misusing Fastcase data to build a competing platform.
Employment Hero looks to make Canadian business profitable following Humi takeover
HR software firm hopes adding new features and employees will bolster Canada on the balance sheet.
Canada’s NordSpace announces 2026 satellite launch on SpaceX rocket
Mission slated for next year is part of aerospace startup’s new Space Systems Lab.
Canadian governments open arms, and wallets, to US chipmakers
Federal, Québec, and Ontario governments promise millions to Canadian semiconductor projects from IBM and Marvell.
US firm Forum Ventures bets on Toronto to build next wave of AI software startups
New $11.5-million USD fund will funnel capital to AI-native, B2B SaaS companies.
Feds commit $42.5 million to expand AI compute infrastructure at University of Toronto
Funding will help researchers across the country train AI models with billions of parameters.
Real estate platform myAbode adds listing marketing tools with FirstList acquisition
Acquisition sees two Shopify alumni join myAbode’s executive team.
Stablecorp claims to have first regulator-approved stablecoin tied to Canadian dollar
Toronto firm approved under existing stablecoin framework, but will be ready for new federal strategy.