Defence tech founders are frustrated with Canada’s approach to “dual-use”
At Arctic Edge conference, VCs offered a mea culpa while outlining why dual-use tech is here to stay.
Cold front
Dominion Dynamics aims to become Canada’s first line of defence in the Arctic.
Peripheral establishes first biomechanics basketball shooting lab in Toronto
U of T robotics grads and ex-racecar builders return to apply self-driving tech to sports.
Xanadu strikes deal to raise up to $300 million USD
Toronto firm announces the deal the same day it claims quantum breakthrough.
Angel Investors Ontario joins CSCA as it makes new pitch for government funding
With its future still uncertain, AIO hopes the CSCA will help advance its mission nationally.
N49P’s $25-million USD first close for Fund IV will help it hunt more “diamonds in the rough”
Toronto VC firm aims to raise $70 million to invest in more nascent tech startups.
Relay secures $50 million USD to bring more small businesses to its banking platform
Toronto FinTech firm aims to build “financial command centre” for self-made small businesses.
OpenAI partners with 1Password to secure coding agent Codex
Toronto firm’s new Codex integration aims to protect credentials in software workflows.
Goldman Sachs to acquire Canadian data centre platform QScale
QScale founders will continue to run the business, which will keep its Québec headquarters.
Clio tops $500 million USD in ARR as AI reshapes the legal market
CEO Jack Newton sounds off on revenue inflation and weathering the SaaSpocalypse.
Top Down closes VC fund aimed at “invisible infrastructure” of the global economy
Vancouver firm beats $25-million USD target for fund backing early-stage MSP and AI startups.
UniUni to reportedly go public on TSX in $1-billion USD SPAC deal
BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.
AI investment firm DevCap closes $5 million as it eyes public listing
10 startups in, the poker players-turned-VCs behind the firm unpack its progress and plans.
Photonic secures $2-billion USD valuation after final close of $200-million financing
Bell, BDC, EDC, and InBC back BC quantum firm’s continued push towards commercialization.
Ontario government invests $5 million into life sciences and healthtech startups
Kare Chemical Technologies, Myomar Molecular, Stoked Bio, among the recipients.