Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Toronto
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”
Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin.
DeFi company Wellfield inks deal to acquire crypto custodian Brane Trust
Canadian crypto consolidation continues with Toronto, Ottawa firms set to join forces.
Foxquilt raises $12 million to expand small business insurance solution in North America
Foxquilt uses data analytics and AI to match businesses with insurance products.
Vital Biosciences reveals desktop blood-testing device with funding from OpenAI, Salesforce CEOs
After the bloody mess at Theranos, Vital is among the new wave of startups developing accessible diagnostics.
Long-time VP and product leader Satish Kanwar departs Shopify
Kanwar steps down 10 years after Shopify’s Jet Cooper acquisition.
Practice Better acquires That Clean Life for a healthy-sounding eight figures to continue expansion
An eight-year collaboration has ended in acquisition for the two Toronto healthtech startups.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Liberum raises $1.8 million for ‘protein synthesis as a service’
The Toronto-based startup creates custom proteins for everything from medical applications to household products.
Venture funding in Toronto, British Columbia rebounds in second quarter of 2023
Capital converges on a select few winners as Toronto and BC megadeals make a comeback.
Toronto and Montréal added the most tech jobs in Canada in the last five years: Report
Ottawa’s tech talent concentration is higher than San Francisco’s Bay Area, CBRE says.
Cohere secures strategic investment from SAP as enterprise demand for generative AI grows
Toronto-based Cohere has also partnered with McKinsey.
Metafold 3D closes $2.35 million CAD to fuel industrial adoption of 3D printing
Toronto startup has interest from sportswear and biopharma clients for its 3D printing tech.
MaRS, UK innovation agency team up to host eight UK startups for new AI incubator
MaRS, Innovate UK have worked together in the past to launch a manufacturing incubator.