Mila and Inovia launch venture fund to turn AI research “diamonds” into startups

Mila and Inovia launch venture fund to turn AI research “diamonds” into startups

Québec AI institute Mila and Montréal venture firm Inovia Capital have partnered to launch an early-stage venture fund as they seek to bridge a commercialization gap that has plagued Canada’s AI sector.  “Amii, Vector, and Mila have created ecosystems [toward which] some of the world’s greatest AI talent gravitates.” Valérie Pisano, Mila Mila and Inovia…

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Teamworks, the “operating system for sports,” buys hockey analytics platform Sportlogiq

Teamworks, the “operating system for sports,” buys hockey analytics platform Sportlogiq

The general manager of your favourite NHL team has likely used data gathered by Montréal-based Sportlogiq to inform their blockbuster trades and minor free agent signings. Last week, the AI-powered analytics platform made its own trade headlines after being acquired by  sports operations platform Teamworks.  Sportlogiq has already been providing its player tracking and event…

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Feds call for proposals to build large-scale data centres in Canada

Feds call for proposals to build large-scale data centres in Canada

The federal government wants Canadian industry players to submit proposals to build new data centre projects, as part of its commitment to increasing compute capacity for AI.  As part of its federal budget commitments, Innovation, Science and Economic Development Canada (ISED) is calling for Canadian companies and consortia to submit proposals for building “sovereign, large‑scale…

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Chata Technologies closes -million USD Series A to scale deterministic AI model

Chata Technologies closes $10-million USD Series A to scale deterministic AI model

Calgary’s Chata Technologies announced the closure of $10 million USD ($13.8 million CAD) in Series A funding with plans to leverage the investment toward scaling its proprietary AI across the financial sector. “We are entering an era where precision is the only currency that matters.” Kelly Cherniwchan, Chata.ai Announced early Wednesday morning, the company saw…

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Canadian companies are generating massive returns in the “bioeconomy”

Canadian companies are generating massive returns in the “bioeconomy”

When Dr. Valerie Taylor first began researching psychiatric drugs like antidepressants, she didn’t know it would eventually lead to the founding of a startup and the development of a probiotic that targets mental illness. “Globally, that’s what consumers and governments and industry want… Solutions that are cleaner, greener, more natural.” Her startup, Taylored Biotherapeutics, is…

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