Tag: hardware
Founded by Alphabet alums, Canadian-led AI hardware startup Extropic secures over $14 million
Run by @BasedBeffJezos, Extropic’s backers include Tobias Lütke, Cohere co-founders. Canadian-led, United States-based Extropic has closed $14.1 million in seed funding to build “physics-based…
Nicotine addiction treatment tech startup Ditch Labs acquires IP assets of French firm Enovap SAS
Acquisition comes nine months after Ditch Labs secured $3.25 million CAD in seed funding. Montréal-based healthtech startup Ditch Labs has acquired a portfolio of…
Bitkey lead calls Canada an important market as Block launches new self-custody Bitcoin wallet worldwide
Block bills Bitkey as a simpler alternative to other self-custody Bitcoin storage options. American payments giant Block has officially launched Bitkey, a new self-custody…
Two years after Graphite Ventures spinout, MaRS IAF is ready to invest again
Since its launch in 2008, the Toronto-based MaRS Investment Accelerator Fund (IAF) has grown into one of the country’s most active early-stage venture capital…
TechBrew rebrands to 4AG Robotics, closes $17.5-million Series A to build mushroom-picking robots
Backed by BDC, InBC, and Emmertech, 4AG is gearing up to get its tech to farms. Salmon Arm, BC-based mushroom-picking technology startup TechBrew Robotics…
VentureLab’s latest HardTech Summit explores barriers, opportunities facing Canadian deep tech startups
Event panels survey state of play in Canada for hardware companies in medtech, AI, and other sectors. At VentureLab’s third HardTech Summit, speakers discussed…
Sanctuary AI, RainStick among #CDNtech companies named to TIME’s 2023 Best Inventions list
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal. Canadian tech companies Sanctuary AI, RainStick, Li-Metal, and Naqi Logix,…
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
SMT uses robotics, AI to produce over eight million electronic circuits annually. Laval, Québec-based electronic circuit manufacturing firm SMT Intelligence has received a $68-million…
Promise Robotics nets $20.8-million CAD Series A to speed up home building with robots
The startup turns standard industrial robots into plug-and-play homebuilding systems. Toronto-based proptech startup Promise Robotics has closed $20.8 million CAD ($15 million USD) in…
Compound semiconductor pioneer GaN Systems joins Infineon with close of $830-million USD acquisition
Ottawa-based chip firm GaN Systems has officially been acquired by German semiconductor giant Infineon Technologies. The $830-million USD all-cash transaction, which was first announced…