Ideogram launches with $22.3 million CAD for generative AI text-to-image platform like DALL-E
a16z, Canadian AI expert Raquel Urtasun, Github co-founder Tom Preston-Werner invested.
Funding
Blanka raises $2.7 million CAD to simplify launching beauty brands
Blanka claims it can launch a new beauty brand in under an hour for less than $200.
Digital medical-billing platform ResolvMD secures $2-million loan from PaceZero to pursue strategic acquisitions
Doctor-backed Calgary startup sees opportunities across Alberta.
Alberta IoT, Movement51 among recipients of Alberta Innovates’ cumulative $13.6-million investment
University of Alberta secured $4.25 million across three projects.
Dcbel closes $50-million USD Series B led by climate-focused Idealist Capital
Smart home energy startup offers bidirectional EV charging.
Innerspace reveals $10-million Series A round to scale workspace utilization tech
Innerspace uses offices’ existing Wi-F infrastructures to gather occupancy data.
Cybersecurity startup Field Effect on the hunt for acquisitions following $30-million CAD debt facility from Scotiabank
The average cost of data breaches in Canada rose to $5.64 million in 2022.
AI startup Voiceflow raises $15 million USD to help companies collaborate on customer-service agents
Voiceflow says it makes it easy for AI to say to customers: “How can I help you today?”
How a cold DM to a16z helped Finofo raise its $1.6-million CAD pre-seed round
After launching tools for cross-border payments, Finofo aims to become “all-in-one” solution for finance teams.
General Fusion raises $33.5 million CAD as it renews focus on Canadian project
General Fusion delays demonstration plant construction in UK for machine development in Canada.
Alberta looks to hydrogen as the “next frontier” in energy, invests $45 million in related technologies
The financing will come via Alberta Innovates and Emissions Reduction Alberta.
Google Canada commits $2.5-million grant to NPower Canada to help 5,000 job-seekers develop tech skills
This grant enables NPower to integrate Google Career Certificates in its programs.
Niricson closes $10-million Series A to monitor critical infrastructure using tech
Victoria startup’s solution has been tested at Toronto’s Pearson Airport and Saskatchewan’s Gardiner Dam.
Brookfield and Sequoia Heritage’s reported new fund is well-positioned to scoop up discount tech startups
Valuations are down and Canadian companies are filling for insolvency at a 10-year high.
