Artificial Intelligence

AWS makes machine learning fun

Everybody's talking about artificial intelligence and machine learning, but what can you do with it, and how can developers learn how to work with it without years of training? It's scary – or is it? AWS's answer to these questions was, in part, the DeepRacer League. ...

Montréal’s Nuvei raises $358 million CAD, reaches $2.65 billion CAD valuation

Montréal-based FinTech company Nuvei has raised $358 million CAD ($270 million USD) in common equity financing. Following the raise, the company is now valued at $2.65 billion CAD ($2 billion USD). “This new raise gives the company flexibility to continue executing on its successful growth stra ...

University of Waterloo launches new quantum initiative, merging academia and industry

The University of Waterloo has launched a new program that brings academia and industry together to collaborate on developing new quantum technologies. The Quantum Alliance program is led by Transformative Quantum Technologies, an existing research initiative led by the University of Waterloo. The ...

Valent Low-Carbon Technologies raises $30 million led by Kensington Private Equity Fund

Valent Low-Carbon Technologies, a Canadian cleantech company focused on renewable fuels and refinery processes, has received a $30 million investment led by Kensington Private Equity Fund and CFFI Ventures. “It is this coalition cocktail that creates a springboard for accelerated commercial-scale ...

Image optimization software startup Blinkloader acquired by Uploadcare

Vancouver-based Blinkloader, which has developed an image optimization tool, has been acquired by US-based content delivery platform, Uploadcare, a cloud platform in the content delivery network (CDN) market, which is a system of distributed servers that deliver web content to a user. Uploadcare’ ...

Borrowell ventures into new category with predictive loan tool

Toronto-based FinTech Borrowell has launched Borrowell Boost, a new suite of digital tools to help consumers track, manage, and pay bills on time. Borrowell Boost is currently in beta testing and is expected to become available in early 2020 on a monthly subscription. “We’re really excited to b ...

Techstars AI demo day showcases second cohort of the Montreal accelerator

Last Thursday, Techstars AI Montreal hosted the demo day for its second cohort in the Cinéma Imperial, downtown Montreal. All 10 startups were pitching and presenting their companies after a little over three months in the accelerator. The event showcased a diverse set of entrepreneurs, applying A ...

BlackBerry, L-Spark announce second cohort of joint accelerator

BlackBerry and Ottawa-based SaaS accelerator L-Spark have announced the six companies in the second cohort of their joint accelerator program. The program has officially begun and will run for four months. “This cohort will demonstrate how the leadership of BlackBerry can be leveraged to power th ...

Chrysalix announces second close of RoboValley Fund, still won’t say how much

Chrysalix Venture Capital, a tech-focused investment firm based in Vancouver, has announced the second close of its Chrysalix RoboValley Fund. The firm declined to disclose the amount raised, but said the amount is close to its $159 million CAD ($120 million USD) goal. As Chrysalix’s second clos ...

How QuickBooks plans to increase the survival rate of small businesses

For many small businesses, surviving another year is the biggest marker of success. Unfortunately, 50 percent of small businesses fail by year five, showing just how difficult survival can be. Some failures are inevitable, due to market forces, or a lack of working capital. However, many of the rea ...