The51, a women-led investment firm, has closed its Food and AgTech Fund at $51 million, a remarkable achievement in a tough venture capital environment.
The51, a women-led investment firm, has closed its Food and AgTech Fund at $51 million, a remarkable achievement in a tough venture capital environment.
Montreal-based Vasco has secured $11.5 million CAD ($8 million USD) in seed funding to advance its AI-driven revenue operations (RevOps) platform, which helps startups navigate the challenges of scaling and commercialization.
Toronto-based League, a leading healthcare technology platform, has obtained a $100 million USD ($144 million CAD) credit facility from RBCx, coinciding with a significant milestone of reaching 40 million users under contract—a 160% year-over-year growth.
Aspect Biosystems, a Vancouver-based biotech company specializing in 3D-printed tissue implants, has secured $165 million CAD ($115 million USD) in a Series B funding round.
Toronto-based Thomson Reuters, a leader in business information services, has acquired SafeSend, a Michigan-based tax automation software provider, for $600 million USD in cash.
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
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.
Spexi Geospatial, a Vancouver-based company leveraging blockchain technology for drone imagery, has secured $16.2 million CAD in a Series A funding round.
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.
