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FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.
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Funding
Montréal-based digital mortgage lender wants to speed up approvals using AI.
AI
Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars.
AI
Delayed strategy promises plan to encourage Canadians to reinvest tech investment gains in AI startups.
VC
Crown corporation’s board chair says Hudon will help shape its next five-year strategy.
Defence Tech
Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.
Projects eligible for up to $800,000 over three years.
CEO says company can bring down the power consumption of AI models by 10-times.
Reportedly topping $600 million USD, the deal will keep the autonomous robotics startup in the Waterloo Region.
Digital mortgage firm aims to build the former proptech into Canada’s top real estate website.
Plus: Instacart quickly loses its IPO gains.
ISED-commissioned report found conflict of interest, governance issues at SDTC.
Vancouver-based startups Browse AI and Blanka came in second and third place.
Startups focused on industrial automation, carbon adsorbents, and aerospace maintenance are part of the new cohort.
Inovia, Founders Circle double down on Clearco with SVB debt buyback, $60-million Series D.
Plus: Amazon rachets AI race with up to $4 billion investment in Anthropic.
Green Graphite Technologies closes $2 million, while Arolytics raises $3.5 million in cleantech funding.
Canada’s open banking lead, Abraham Tachjian, will extend his tenure to the end of 2023.
The funding brings the national innovation focus of AI to aquaculture and coastal cleantech.
Relocalize aims to eliminate electric trucks and replace them with on-the-spot food distribution and supply.
Plus: 1Password has a president.
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