Xanadu’s March debut on the Toronto Stock Exchange and Nasdaq marked a milestone for Canadian quantum computing. It became the first Canadian tech firm to list on the TSX since 2021, raising $302 million USD in gross proceeds. Perhaps more remarkable, the company, which is building photonic quantum computers designed to solve problems beyond today’s…
Toronto- and San Francisco-based startup Space has raised $2.4 million USD ($3.3 million CAD) for its cloud storage system that allows files to live on your device without taking up space. The news: The startup announced the pre-seed round led by San Francisco accelerator a16z speedrun on Tuesday morning. Other investors included Canadian venture capital…
Clearco says it’s “rescaling” after a difficult few years that saw it downsize its operations and revamp its funding model for e-commerce clients. “The name of the game since the recapitalization is, run the business lean, recognize that the market rewards disciplined operators, and that it’s the fastest path to profitability.” Andrew Curtis The Toronto-based…
Toronto-based intellectual property (IP) software startup NLPatent is rebranding to Clerq as it looks to better serve legal teams contending with a surge in complex patent applications. The company announced its new identity on Tuesday, in addition to an agentic AI overhaul of its platform that introduces more tools that can take action on a…
There were zero Canadian-led foodtech financings at the Series A stage or beyond during the first half of 2026, per a new report from the Canadian Food Innovation Network (CFIN). “I’m worried that we don’t see the value in what we have as much as others do.” Dana McCauley, CFIN Guelph-based CFIN is a federal…
Toronto-based AI startup Peripheral Labs announced on Monday that it has secured another $8.7 million USD ($12.1 million CAD) in seed funding to accelerate the development and deployment of its spatial intelligence technology for the sports market. The financing was co-led by two new investors, Toronto’s Deloitte Ventures and Montréal-based Inovia Capital, with support from…
Toronto-based startup Legio has raised $5 million USD ($7 million CAD) in seed funding to build out its time-saving platform for campus security officers. Founded this past April by CEO Darren Hill, CTO Mike Wertman, and CPO Joe Crampton, Legio helps campus security teams manage their dispatch, incident response, casework, and patrols, while making it…
As AI enables more and more scam calls, a Canadian startup is trying to prevent financial losses to bad actors over the phone in real time. “All processing happens in the moment, during the call itself, [and] once a call ends, no data about it is stored, we never keep recordings or transcripts.” Richard Gotlieb,OnGuardAI…
Entrepreneur Sumit Ajwani has a simple philosophy around when it’s time to raise money: wait until it hurts. For the founder and CEO of Toronto-based MakeOS, an AI-enabled production-management system, waiting buys time to learn from customers and sharpen your business case. It also means giving away less of the company when the round finally…
Brazilian Canadian product and user experience (UX) designer Marcos Rezende has built a new privacy-focused mobile application with AI. Rezende previously worked at Microsoft and spends his days as a senior product designer at Kitchener-Waterloo event marketing platform Hive. He recently launched NearLens on the side to help iPhone users navigate a world where smart…
