Calgary’s Kathairos has scrubbed the equivalent of one million tonnes of carbon from the atmosphere, the company announced on Monday. It’s a milestone that the cleantech company says validates its technology’s scalability. The news: Kathairos replaces methane-rich natural gas with liquid nitrogen at oil and gas sites that use pressured gas to power and control…
Edmonton Unlimited welcomed hundreds of people, including VCs from across Canada, to a showcase intended to catalyze commercialization for the city’s deep-tech entrepreneurs. The news: The June 9 showcase featured an investor panel on what makes successful deep tech companies—those typically founded on complex scientific or engineering innovation—with participation from Continuum Health Ventures, BDC, Panache…
Burnaby, BC-based Clio announced today it has acquired Toronto’s Jurisage. The news: Clio, which recently surpassed $500 million USD ($698 million CAD) in annual recurring revenue and boasts a $5-billion valuation, established itself selling software designed to help lawyers manage their practices more efficiently. Lately, the legaltech company has been pushing heavily into AI as…
Coinbase Canada has appointed established Canadian crypto leader Eric Richmond as its new country director and CEO, taking over the role Lucas Matheson left nearly seven months ago. The news: Richmond announced that he was taking over the crypto exchange’s Canadian operations in a Tuesday-afternoon LinkedIn post. He brings experience from multiple other Canadian crypto…
Toronto-based Beacon Software has secured $225 million USD ($314 million CAD) in Series C financing to buy more niche software businesses and equip them with AI. The news: Seven months after closing a $250-million USD Series B round, Beacon announced today that it has raised another $225 million USD to continue its acquisition spree and…
Vancouver-based electrochemical lithium refining company NORAM Electrolysis Systems Inc. (NESI) has secured $5.6 million in federal and provincial funding to scale up its operations. The news: NESI announced on Tuesday that it received $3 million in funding from the Government of Canada through the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP),…
Cohere has signed a memorandum of understanding (MOU) with the government of Québec as la belle province explores using AI to make the public service more efficient. The news: Toronto-based AI company Cohere announced a partnership with the Québec Ministry of Cybersecurity and Digital Technology today—its first MOU with a provincial government. It tasks the…
Just a few weeks ago, Waive Medical became the first and only startup from Sudbury, Ont. to complete the Google for Startups accelerator program. Now, the company is preparing to raise a Series A round to help it launch in the United States. Waive uses AI to help automate administrative work for clinics, with the…
Companies and employees alike are adopting AI tools faster than ever, leaving security teams scrambling to understand what is actually running across their own environments. Robert May works on the systems meant to secure that movement of data. As Executive Vice President of Technology and Product Management at global cybersecurity company Fortinet, May oversees the…
A new, Toronto-based startup has set out to address a “quiet inefficiency” it says has been significantly compressing insurance industry margins: “portal hopping.” “Juggling multiple carrier portals is one of the biggest operational drags on brokerage teams today.” To compare rates, submit applications, and process claims, insurance brokers must hop between a fragmented ecosystem of…
