As crypto market bounces back, Balance reachieves $2 billion in assets under custody

Digital asset custodian Balance claims it has reached $2 billion in assets under custody (AUC) once again as the crypto market recovers from its 2022 crash.  Balance CEO George Bordianu said that Alberta’s regulatory framework gives the custodian a foundation to grow.  With Bitcoin more than doubling in value over the past year, and crossing […]

H|T: The Healthtech Times – Healwell CEO dishes on evolution from clinics to AI

The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using this form to ensure you don’t miss out on the most important healthtech news every week! Fuelled by Well Health partnership, Healwell looks to apply AI to preventative care In 2021, Toronto’s MCI Onehealth made […]

Charting Canada’s AI future: Firms must move quick, innovate, panel says

A recent Empire Club of Canada luncheon panel explored what Canadian organizations must do to keep up with the rest of the world when it comes to developing artificial intelligence (AI) advances, and, equally important, what the fallout will be if they do not. Sal Rabbani, chair of the organization, kicked off the presentation, entitled […]

Leaked documents may show the inside of China’s hacking strategy

A leak of data from a Shanghai-based cybersecurity company has researchers speculating that it has exposed the workings of a Chinese government-sponsored hacking group. The company is called i-Soon — also known as Anxun — which, according to researchers at SentinelOne, does contract work for many Chinese government departments, including the Ministry of Public Security, […]

FedDev Ontario invests $17 million in 12 companies to advance quantum computing

Today, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced a total repayable investment of C$17.2 million to help 12 local companies commercialize their quantum products for the domestic and international markets and support 150 jobs. These 12 companies include AI Incorporated, CogniFrame, Crypto4A, Foqus Technologies, Foreqast Technologies, GoodLabs Studio, High Q Technologies, […]

Ontario companies receiving $17.2 million in federal funding to commercialize quantum solutions

Twelve Ontario quantum tech companies are receiving a combined $17.2 million in repayable funding from the federal government. Spanning from the Greater Toronto Area through the Waterloo Region to Ottawa, the companies received funding amounts ranging from $113,000 to over $3 million. The investments, being made through FedDev Ontario through the Regional Quantum Initiative, are […]

BC’s tech companies stand out in 2024 TSX Venture 50 list

The TSX Venture Exchange (TSXV) has released its yearly list of the 50 best-performing companies for 2024, and tech companies out west made a particularly strong showing. The Venture 50 list ranks companies based on performance on the exchange for the past year across five sectors: technology; cleantech and life sciences; diversified industries; mining; and […]

Golden Ventures closes nearly $140 million CAD for fifth seed-stage VC fund

Toronto-based Golden Ventures has secured about $103 million USD ($139 million CAD) for its fifth venture capital (VC) fund focused on seed-stage technology startups across North America. The sector-agnostic VC firm plans to make 30 core investments in startups across Canada and the United States (US) through Fund V, which it will begin investing out […]

Profitable payments startup Zūm Rails closes $10.5-million Series A

Bootstrapped since 2019, Montréal-based FinTech startup Zūm Rails has now raised $10.5 million CAD in Series A financing for its payments platform that seeks to merge open banking with instant payments. Founded around a kitchen table, co-founder and chief sales officer Miles Schwartz claims Zūm Rails now moves more than $1 billion in payments monthly. […]