Canada

Canada struggles 2024 to define its Role in the Global AI Race amid Funding and Strategy Challenges

2024 was a milestone year for Canadian AI, highlighted by British-Canadian computer scientist Geoffrey Hinton receiving the Nobel Prize in Physics for his groundbreaking work in artificial intelligence (AI). This achievement underscored Canada’s robust tradition of AI research and talent. However, despite its strong foundations, Canada struggled to position itself in the highly competitive and capital-intensive global AI race.

Canada

Canada struggles 2024 to define its Role in the Global AI Race amid Funding and Strategy Challenges

Canada

Realize Capital Partners commits $32.5M in second Round of Social Finance Fund Investments

Toronto-based Realize Capital Partners, a fund-of-funds manager, has announced a second round of funding, committing $32.5 million CAD to seven impact-focused fund managers through its Realize Fund I.

Canada

Spexi Geospatial from Vancouver secures $16.2M CAD Series A to scale Blockchain-Powered Drone Network

Spexi Geospatial, a Vancouver-based company leveraging blockchain technology for drone imagery, has secured $16.2 million CAD in a Series A funding round.

Canada

Aramis Biotechnologies secures $80M CAD to relaunch Plant-Based Vaccine Development

Québec City-based Aramis Biotechnologies has raised $80 million CAD to develop plant-based vaccines for influenza and pandemic preparedness.

Canada

Canada launches $2 Billion Sovereign AI Compute Strategy to Boost National AI Capabilities

The Canadian federal government has unveiled the Canadian Sovereign AI Compute Strategy, outlining how it will allocate the $2 billion CAD committed in Budget 2024 to enhance AI computing power for researchers, startups, and scaleups.

Canada, United States

Tenstorrent closes $693M Series D and achieves $2.6B Valuation to tackle AI Hardware Market

Tenstorrent, a Canadian-founded and now US-based AI hardware company, has raised $693 million USD in a Series D funding round.

Canada

Nurau from Montreal secures $1.5M CAD to expand AI-Powered HR Coaching Platform to the US

Montréal-based AI startup Nurau has raised $1.5 million CAD in a seed funding round led by Investissement Québec, with participation from ACET Capital and angel investor Sylvain Authier. The funding will support Nurau’s expansion into the US market, improve sales development, and enhance its AI-powered HR coaching platform, eCoach.

Canada

OraQ AI from Canada secures $2.6M to revolutionize Dental Patient Risk Assessment with AI

Calgary-based healthtech startup OraQ AI has raised $2.6 million CAD in seed funding to advance its clinical decision support platform for dental practices. The round was led by AngelMD, with participation from the Centre for Aging + Brain Health Innovation, Startup TNT, and various dentists, physicians, and family offices.

Canada

Noble from Toronto secures $15M USD Series A to expand Digital Asset Issuance Platform

Noble, a Toronto-based Web3 startup, has closed a $15 million USD Series A funding round led by cryptocurrency investment firm Paradigm.

Silicon Valley, Canada, United States

Medeloop from Silicon Valley secures $15.5M USD to revolutionize Clinical Research with AI

Silicon Valley-based Medeloop, a platform designed to expedite clinical research using AI, has raised $15.5 million USD ($21 million CAD) in a Series A round. The funding was led by Canadian venture firm Inovia Capital, with contributions from Icon Ventures, General Catalyst, Maven Ventures, and others. This brings Medeloop’s total

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Europe, Portugal

Canada

Canada struggles 2024 to define its Role in the Global AI Race amid Funding and Strategy Challenges

Canada struggles 2024 to define its Role in the Global AI Race amid Funding and Strategy Challenges

Realize Capital Partners commits $32.5M in second Round of Social Finance Fund Investments

Spexi Geospatial from Vancouver secures $16.2M CAD Series A to scale Blockchain-Powered Drone Network

Aramis Biotechnologies secures $80M CAD to relaunch Plant-Based Vaccine Development

Canada launches $2 Billion Sovereign AI Compute Strategy to Boost National AI Capabilities

Tenstorrent closes $693M Series D and achieves $2.6B Valuation to tackle AI Hardware Market

Nurau from Montreal secures $1.5M CAD to expand AI-Powered HR Coaching Platform to the US

OraQ AI from Canada secures $2.6M to revolutionize Dental Patient Risk Assessment with AI

Noble from Toronto secures $15M USD Series A to expand Digital Asset Issuance Platform

Medeloop from Silicon Valley secures $15.5M USD to revolutionize Clinical Research with AI

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DevAlly raises €2M to help Businesses comply with EU Accessibility Law

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