Tag: funding
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Electronics startup SmartD Technologies powers up with $14.2-million Series A
[ad_1] Startup looks to reinvent motor control with Clean Power VFD. Montréal-based power electronics startup SmartD Technologies has raised $14.2 million in Series A financing. The round, announced by the startup this week, was led by Investissement Québec, with participation from Hammond Power Solutions and existing investors Boreal Ventures and SE Ventures. “SmartD’s technologies…
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With latest funding and Scotiabank partnership, Willful sets its sights on profitability
[ad_1] After launching in PEI and Newfoundland in January, Willful now serves all 10 provinces. Like many of its peers, Toronto-based will and estate planning software startup Willful is now targeting efficient growth. The technology startup set out last year to raise a Series A round, according to co-founder and CEO Erin Bury, but…
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Tofu nets $1.2 million to fast-track hiring for tech startups
[ad_1] Company’s backers include Night Capital, Garage Capital, Wayfinder Ventures, Ritual Capital. Toronto-based Tofu aims to make it easier for technology firms to find qualified candidates that other companies have already vetted, but not hired. Fifteen months ago, Tofu began developing a talent marketplace to do just that. Today, the startup’s platform allows over…
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RealSage closes $5.5 million CAD to fuel growth of AI-powered real estate software
[ad_1] Proptech firm aims to serve more multi-family rental housing providers south of the border. Toronto-based RealSage, which sells artificial intelligence (AI)-powered data intelligence software to help multi-family rental housing asset managers operate more efficiently, has secured $5.5 million CAD ($4 million USD) in seed funding. The proptech startup intends to use this funding…
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Software dev consultancy Monadical launches Developer Capital to fund early-stage AI startups
[ad_1] Montréal investment corp. has closed $2.5 million CAD, backing Unified.to and Rithmik. Canada has gained another artificial intelligence (AI) investor in Developer Capital (DevCap), but this one looks a bit different from your standard venture capital (VC) firm. Born out of Montréal-based full-stack software development consultancy Monadical, DevCap is structured as an investment…
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Alberta earmarks $55 million to build tech, science hub at the University of Calgary
[ad_1] The hub will include incubator space for researchers to collaborate with industry partners. The Government of Alberta has committed $55 million in its 2024 budget for a new multidisciplinary science hub at the University of Calgary. The new hub will house an incubator space for researchers to work side-by-side with industry partners. It…
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US-based Fortinet to open new cybersecurity tech hub in Calgary
[ad_1] The hub looks to address the cybersecurity skills shortage. California-based cybersecurity company Fortinet plans to invest $30 million CAD to create a cybersecurity technology hub in downtown Calgary. According to Forbes, the gap between global demand and cyber workforce capacity was 3.4 million people in 2022, an increase of 26 percent from 2021.…
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Tenstorrent founder reveals new AI chip startup Taalas with $50 million in funding
[ad_1] Startup says one of its chips can hold an entire large AI model without requiring external memory. Toronto-based artificial intelligence (AI) chip development startup Taalas has launched out of stealth with $50 million in funding. The startup said the $50 million was raised across two rounds led by Quiet Capital and Pierre Lamond,…
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EdTech startup Tokidos secures $1.35 million CAD for screenless gaming console
[ad_1] Tokidos says it has more than $115,000 in pre-orders for its September launch. Montréal-based EdTech startup Tokidos has secured $1.35 million CAD in pre-seed funding for its screenless game console aimed at reducing children’s screen time. The all-equity round, which closed in early February, saw participation from Triptyq Capital, Investissement Québec, and Boreal…
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Helius raises $12.8 million CAD to help devs build blockchain apps on Solana
[ad_1] The Web3 startup was founded by former Coinbase and AWS software engineers. Toronto-based Helius, which has built a developer platform for crypto applications, has raised $12.8 million CAD ($9.5 million USD) in Series A financing. The round was led by Foundation Capital, with participation from returning investors Reciprocal Ventures and Chapter One, and…