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.
Funding
Feds announce $66 million for 44 businesses through AI Compute Access Fund
Program offers financial support to subsidize costs to commercialize or scale AI projects.
Nmbr says it’s reshaping payroll competition in Canada. Now it wants to go worldwide
With a presence in every province, Nmbr CEO Simon Bourgeois says it’s time to think internationally.
“Steel, concrete, and code”: Feds and Telus announce three AI data centres in BC
Projects include upscaling existing Kamloops data centre and two new, Vancouver-based centres.
Ontario government invests $5 million into life sciences and healthtech startups
Kare Chemical Technologies, Myomar Molecular, Stoked Bio, among the recipients.
Moment Energy raises $40 million USD Series B to give used EV batteries new life
Company plans to use capital to expand manufacturing, hiring
Biopharma giant Sanofi to grow Toronto presence with expanded AI centre
French company says $294-million investment will create 50 new jobs.
Wealth? In this economy?
Plus: The full BetaKit Most Ambitious: Town Hall speaker lineup.
Former defence minister Harjit Sajjan’s new startup lays groundwork for public listing
Juno Industries has secured $12 million in commitments to list on TSVX in reverse takeover deal.
Women’s Equity Lab Manitoba closes Fund 3 at $300,000
Fund reached full subscription in record time, maxing out in roughly a month.
PrairiesCan invests $7.9 million in funding to support Co.Labs, local AI firms
Funding was announced in Saskatoon at the Uniting the Prairies conference.
Canadian co-founded Featherless AI secures $20 million USD to build open-source AI infrastructure
Company can deploy more than 30,000 open-source AI models through a single API.
General Fusion prepares to continue its quest for commercial fusion power as a public company
BC firm lays out its vision for scalable fusion ahead of expected Nasdaq debut.
Alberta puts $91 million into Industrial Transformation Challenge
Challenge’s next iteration will focus on projects helping industry invest in the emerging technologies.
AI strategy pillars, new SMB procurement program revealed in Canada’s Spring Economic Update
However, critics say focus on trade and defence has left little attention for innovation.