After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for AI drug discovery
The US biotech firm opened a new Canadian HQ in Toronto last month.
Toronto
Formaloo raises $2.9 million CAD to help businesses build apps without any code
The startup aims to ramp up marketing efforts in Canada.
Waterloo, U of T, and UBC rank among top 25 computer science schools globally
Waterloo topped the list in terms of enrolment, while U of T was the top-ranked Canadian school.
WonderFi, Coinsquare, CoinSmart merge as landmark Canadian crypto deal closes
The merger comes during a challenging time for the crypto industry.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform
The deal marks Sampler’s second acquisition in four months.
Hypercontext completes HR pivot with new AI-powered performance management tool
The startup promises ‘performance reviews so easy, they write themselves’—but what are the risks?
Leading steel company ArcelorMittal SA invests $6.6 million in Char Technologies’ decarbonization tech
Char Technologies only Canadian company to receive investment from ArcelorMittal SA’ s XCarb Innovation Fund.
Vector Institute, Kids Help Phone team up to expand use of AI in mental health services
Kids Help Phone said AI will help its staff adapt to the way young people speak.
Shakudo closes $9.5-million CAD Series A to help companies adopt generative AI
GreatPoint-backed Shakudo is led by AI experts from Georgian, Borealis AI, and BMO.
Porta raises $10.5-million for frozen, ready-to-cook Italian meal delivery service
Porta might just fill the frozen-pizza-shaped hole left by General Assembly.
Syzl crowned PITCH winner at Collision 2023 as other startups win cash prizes from The DMZ
The DMZ awarded $65,000 to startups at its Insiders Event prior to Collision’s start.
Tokens.com acquires Startup Slang to link in-game purchases to Shopify Plus storefronts
Tokens.com continues to bet on the metaverse for future revenues.
Jombone secures $1 million from FedDev to address industrial staffing needs
With this funding, Jombone wants to adapt its platform for the US market.
Loopio makes “difficult decision” to lay off nine percent of its team
The Toronto-based software startup made its first acquisition in May.
Vector Institute, Ontario Centre of Innovation secure combined $77-million provincial funding
OCI received $50 million from Ontario’s $107-million Critical Technology Initiative.