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News
Convictional to shut down, return investor money, after AI-era pivot falls short
1+ hour, 53+ min ago (837+ words) Kitchener-Waterloo-based technology company Convictional is closing up shop at the end of August after failing to generate enough traction as a corporate collaboration platform. The startup announced in a blog post last week that it will permanently shut down on…...
What it takes for Canadian tech to enter defence
5+ hour, 27+ min ago (1028+ words) Canadian tech companies are increasingly asking whether products built for commercial use could also serve defence and national security needs. If the answer is yes, the question becomes ‘where to begin?’ DIGITAL, one of Canada’s five federally funded Global Innovation…...
Medical networking app The Rounds acquired by Native Touch
15+ hour, 46+ min ago (202+ words) A networking platform for medical professionals has been acquired by a Toronto mobile advertising agency. The news: Halifax-based The Rounds, which runs a digital network where physicians and healthcare professionals can discuss and learn about medical topics, was acquired by…...
Canadian tech firms are selling to foreign buyers when it???s time to scale, CCI says
20+ hour, 52+ min ago (788+ words) Canadian technology companies are exiting to international buyers “at precisely the moment when scaling becomes more complex and capital-intensive,” according to a new study released today by the Council of Canadian Innovators (CCI). CCI identified four main barriers driving these…...
How Theia???s 3D motion tech is helping healthcare workers avoid injury
1+ day, 1+ hour ago (391+ words) Toronto-based Theia’s 3D motion-capture technology is playing a key role in a study that could help healthcare workers better avoid a common workplace injury. The tech company announced on Tuesday morning that it’s collaborating with New Brunswick researchers to help evaluate…...
Fisent Technologies raises $4.3 million USD to help enterprises automate AI use
1+ day, 5+ hour ago (365+ words) betakit.com Toronto’s Fisent Technologies has raised $4.3 million USD ($6 million CAD) to rapidly grow its software business automation platform. The news: Enterprise AI software startup Fisent Technologies announced on Tuesday that it had raised $4.3-million USD in all-equity, all-primary financing…...
Autonomous welding startup TetraGen Robotics raises $1.8 million
2+ day, 1+ min ago (120+ words) Winnipeg-based autonomous welding robotics company TetraGen Robotics has raised $1.8 million CAD in seed round funding. The news: The funding comes via an oversubscribed round led by Calgary’s StepChange Capital, with participation from Vancouver’s Emend Vision Fund, a VC firm with…...
Transformer Lab wants to automate research with new AI tool Primus
2+ day, 5+ hour ago (590+ words) Kitchener-Waterloo-based AI research startup Transformer Lab has launched what co-founder and CEO Ali Asaria said is “the most ambitious thing I’ve ever been a part of.” For the past two years, Transformer Lab’s four-person team has been quietly working to…...
Max Power is maxing out geological exploration with AI
4+ day, 22+ hour ago (397+ words) BetaKit After discovering a large deposit and drilling Canada’s first-ever natural hydrogen well, Saskatchewan mining company Max Power is using AI to expand and commercialize. The news: The Regina-based company is advancing commercialization of Canada’s first facility at a natural…...
SAAS NORTH AI, Dominion Dynamics launch new dual-use defence summit
5+ day, 21+ hour ago (168+ words) Canadian conference SAAS NORTH AI is partnering with Dominion Dynamics and AI company Anvil to launch a new summit for founders and investors interested in defence and dual-use technologies. The news: Taking place on Nov. 5 in Ottawa, DEPLOY is a…...