Canada can’t outspend its peers. So how might it outsmart them? 2024 was the year that British-Canadian computer scientist Geoffrey Hinton won a Nobel Prize in Physics for his contributions to the field of artificial intelligence (AI). 2024 reinforced that Canada lacks the resources to win the AI war on all fronts. His victory […]
CEO says fundraise “substantially improves” D-Wave’s financial strength. D-Wave Quantum has raised $175 million USD ($246 million CAD) in gross proceeds through a recent stock sale. The Canadian-founded, New York Stock Exchange (NYSE)-listed quantum computing company plans to use this capital to fuel its technical development efforts and business operations. Following this financing, D-Wave […]
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund. After a disaster like a hurricane, flood, or fire ravages a building, someone’s gotta clean it up. That’s why insurance companies bring in a disaster restoration subcontractor, who use professional-grade climate control equipment like dehumidifiers, heaters, […]
Hamid Abdollahi believes his startup has found the “k3y” to develop safer autonomous vehicles. Eight years after making waves in the wearables market with Recon Instruments, Hamid Abdollahi is back with something new. A co-founder at Recon, which developed smart glasses and wearable displays for athletes, Abdollahi served as the company’s chief technology officer. […]
