Tag: xanadu
Xanadu’s Christian Weedbrook among Quantum Industry Canada’s three new board appointments
The Xanadu CEO joins representatives from Anyon Systems and Quantacet. Quantum Industry Canada (QIC), an advocacy group for Canada’s quantum technology sector, has added…
Quantum Industry Canada appoints Lisa Lambert as first-ever CEO following fed investment
Quantum Industry Canada received $1.4 million as part of Canada’s National Quantum Strategy in January. Quantum Industry Canada (QIC), a non-profit group advocating for…
Xanadu, Toronto Metropolitan University to develop quantum computing educational program
Students will learn and work with Xanadu’s software framework PennyLane. Canadian quantum computing tech company Xanadu and Toronto Metropolitan University (TMU) have teamed…
Cohere is the highest ranking Canadian startup on Bessemer’s top 100 deeptech companies
Deep technology companies are building solutions that ‘were science fiction in the past,’ Bessemer says. Toronto-based Cohere is the highest-ranking Canadian startup in Bessemer…
Toronto venture funding saw a “return to sanity” in 2022
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022. Toronto’s venture funding in 2022 may have dipped from a record-breaking…
OMERS Ventures enters 2023 with new playbook as firm looks to launch fifth fund this year
Unified global investment team the latest change in OV’s evolution. In late 2018, following the departure of founding CEO John Ruffolo, then-managing partner Damien…
A|I: The AI Times – Tenstorrent swaps CEOs, DeepMind exits Edmonton
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you…
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
PINQ² will operationalize the quantum supercomputer this year. Québec is set to become home to what will be the world’s fifth IBM quantum supercomputer….
Radical Ventures raising new $550 million USD fund as AI sector heats up
Radical managing partner believes “AI will eat all software over the next decade.” Toronto-based Radical Ventures has launched another fund dedicated to artificial intelligence…
Canadian VC investments in 2022 projected to lag behind 2021 figures, but still top 2020 funding
2022 only saw about a third of the VC funding that was disbursed in 2021. Canadian venture capital (VC) investments slowed down significantly compared…