PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
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PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform

PADS looks to leverage AI and blockchain with its online mortgage servicing platform. Montréal-based FinTech startup PADS Financial has secured $3 million CAD in…

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QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants
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QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants

The Montréal-based startup is led by Lightspeed alumni. Montréal-based retail tech startup QuoteMachine has raised $3.7 million in new seed financing as the startup…

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Cycle Momentum
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Cycle Momentum receives $22.25 million in provincial backing, launches matching cleantech funding program

Origo will offer Québec-based pre-seed and seed-stage startups with $150,000 CAD in funding. Montréal-based impact accelerator Cycle Momentum has secured $22.25 million in funding…

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HaiLa Technologies closes $14 million CAD strategic investment featuring Japanese manufacturer Murata Electronics
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HaiLa Technologies closes $14 million CAD strategic investment featuring Japanese manufacturer Murata Electronics

HaiLa says funding will fuel R&D for its IoT chips and solutions. HaiLa Technologies has announced that it has raised a $10.35 million USD…

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Hugging Face Dr. Sasha Luccioni
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Hugging Face’s Sasha Luccioni on tracking the ethical and environmental impacts of AI

Hugging Face’s Climate Lead thinks data sharing can help make AI “less bad for the planet.” While Douglas Soltys was moderating panels the on…

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Oxio spinout Gaiia closes $13 million USD to develop operations software for other ISPs
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Oxio spinout Gaiia closes $13 million USD to develop operations software for other ISPs

Cogeco bought Oxio’s telecom business in March for $100 million. Launched by former Oxio leaders and employees, Gaiia aims to become “the world’s first…

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BDC
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BDC Capital deploys seed funding to help reduce greenhouse gas emissions

Green Graphite Technologies closes $2 million, while Arolytics raises $3.5 million in cleantech funding. Placing increased importance on climate change and the reduction of…

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Shipping containers
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Cleantech startup Relocalize secures $4.78 million for hyperlocal food distribution

Relocalize aims to do away with electric trucks altogether and replace them with on-the-spot food distribution and supply. Montreal-based cleantech startup Relocalize has raised…

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Scale AI February 2023
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Scale AI announces $21 million for nine Canadian AI healthcare projects

The projects address a sector facing budgetary strain, high community needs, and a persistent labour shortage. At the ALL IN conference in Montreal, the…

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Federal government introduces new legislation aimed at governing privacy, AI
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Canada launches voluntary code of conduct for the responsible use of AI

Cohere, OpenText among first signatories. Cohere, a competitor of ChatGPT creator OpenAI, announced it is signing on to Canada’s new voluntary artificial intelligence (AI)…

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