Artificial Intelligence

Scale AI receives additional $23.4 million from Quebec government

On Monday, it was announced that the Government of Québec had granted $23.4 million in funding to Quebec-based Supercluster Scale AI, one of five members of the federal government’s Innovation Superclusters Initiative. “The objective is to mobilize universities, research centres, and CEGEPS i ...

AR/VR investment and M&A opportunities as startup valuations soften

If today’s AR/VR investment/M&A dynamics continue, there could be a 12 to 18 month window for corporate and VC “smart money” to do deals with AR/VR leaders at sensible valuations. And if the market begins to take off in late 2020 (potentially driven by Apple, Facebook and others), early stage ...

New head of LG AI lab wants your home appliances to get smarter

LG Electronics Canada has appointed a new head to the LG Artificial Intelligence Lab in Toronto. Darin Graham, the company’s new director of R&D strategy and operations, said consumers can expect to see recent AI research seep into LG products. “What we’re really going to try to do here with o ...

Today in acquisitions: mCloud, Croesus, Xtreme Blockchain Labs

Over the past few weeks, several companies have made announcements on acquiring startups. Here’s the latest on Canada’s movers and shakers. Universal mCloud acquires Autopro Automation Vancouver-based Universal mCloud, an AI-powered asset management firm, has acquired Autopro Automation, based ...

Landr raises $26 million CAD Series B for audio mastering platform

Landr, an AI-powered audio mastering software startup based in Montréal, has raised a $26 million Series B. Sony Innovation Fund, microphone manufacturer Shure, Investissement Québec, and Fonds de solidarité FTQ all led the round. “This Series B will allow us to take our knowledge and experti ...

Flybits secures $45 million CAD Series C for context-as-a-service platform

Toronto-based Flybits, a context-as-a-service platform for mobile apps, has closed a $45 million CAD ($35 million USD) Series C round, led by Point72 Ventures, with participation from Mastercard, Citi Ventures, and Reinventure. “We were looking for investors who could become a catalyst in our glo ...

Canada Learning Code receives $9.4 million from govt’s CanCode program

Canada Learning Code, an initiative that specializes in digital literacy education, has received $9.4 million in funding from the federal government, as part of the second phase of its CanCode investment. “Learning digital skills and coding, as well as how technology serves us, will open so many ...

AI Deep Dive chooses Toronto over San Francisco for AI skills course

AI Deep Dive, a three-month, full-time, retreat-style artificial intelligence course, is closing its San Francisco program, and moving to Toronto in August. The course is targeted toward those looking for careers in AI and machine learning, who are hoping to level up their skill set. The program w ...

The LawBytes Podcast, Episode 20: Why Canadian Universities Should Get Out of the Patent Game – Richard Gold on Canada’s Failed Research Commercialization Strategy

Technology transfer in the university context has emerged as significant policy issue with governments seeking to maximize the benefits of public investment in research at Canadian universities. For example, the Ford government in Ontario recently launched an expert panel on intellectual property s ...

Canscan, SparkCharge take home gold at Startupfest pitch competition

Canscan Technologies and SparkCharge were crowned winners of the pitch competition at Startupfest in Montreal last week. The two companies will each take home $100,000 from the competition’s investor judges. Canscan and SparkCharge will each take home $100,000 in investment Startupfest’s inve ...