In the first half of 2024, venture capital investments totalled nearly $3.6 billion across almost 300 deals, as blood slowly returns to a pale Canada. Despite the lowest deal volume since 2020, average deal size continues to grow, reflecting investors’ focus on companies with proven track records and strong fundamentals, according to the CVCA’s H1 […]
UBC Receives $9M from PacifiCan to Launch Two State-of-the-Art Innovation Spaces
The Government of Canada is supporting collaboration between industry and academia in an effort to bring more B.C.-made products to global markets. Through the Pacific Economic Development Agency of Canada’s Regional Innovation Ecosystems program, federal minister Harjit Sajjan this week announced nearly $9 million in funding for two projects based out of the University of […]
City of Vancouver Taps Local Firm infinitii ai to Advance Region’s Water Management Tech
Infinitii ai won a bid with the City of Vancouver, the BC-born company announced this week. The Canadian firm, which offers environmental monitoring to water infrastructure utilities in North America, will provide Vancouver with access to its “flowworks” real-time data monitoring software as part of a three-year contract. “This sale underscores our expanding North American […]
Securities Commission Finds B.C. Crypto Firm Stole $13M in Customer Assets
A B.C. Securities Commission panel found this week that a B.C.-based crypto trading platform committed fraud by lying to its customers and diverting roughly $13 million of their assets to gambling endeavours. The platform, operating under the name ezBtc and incorporated by former B.C. resident David Smillie, allowed customers to buy and sell various crypto […]
One Year After Layoffs, Recovering East Side Games Group ‘Grows Stronger Every Quarter’
One of the city’s favourite game studios is on the mend. Vancouver-based East Side Games Group this week reported their second quarter financial results, posting more than $20 million in revenue. It was one year ago that a tumbling ESGG shed 20% of its workforce. Since then, however, the company has fostered an admirable corporate […]
Gatekeeper Systems Leverages 360° Video and A.I. to Protect Pedestrians from Urban Chaos
Every day, nearly 100 million people in North America depend on transit buses to navigate through busy streets and urban environments, according to data from Statista. But these environments are increasingly complex, which presents ongoing challenges for transit systems to maintain safety and efficiency. For example, accidents due to blind spots account for over 800,000 […]
Lumen5 Releases AI-Powered Voiceover Tech for Content Marketers Across Canada
Many of us who are dabbling with artificial intelligence are leveraging the technology primarily in two ways: text and image (and, increasingly, video as the quality evolves). One area of A.I. that is a little more niche to most—but surprisingly powerful already—is voice. AI-generated voices are advanced enough today that famous artists like Drake and […]
PacifiCan Supports Innovators in the Interior with $1.6M Investment for Tech Upgrades
Exciting things are happening in the Interior, according to the federal government, which this week invested in local innovators to advance the regional economy with technological upgrades. The Minister responsible for the Pacific Economic Development Agency of Canada, Harjit Sajjan, announced $1.6 million in PacifiCan funding for three Kamloops-based organizations. “Innovators and entrepreneurs in various […]
Clio Cracks Forbes’ Cloud 100 — During the List’s Most Competitive Year Ever
Following a historic round of funding, Burnaby-based legal-tech pioneer Clio has announced another milestone. The Canadian legal technology leader has this year been named to the Forbes’ 2024 Cloud 100 list for the first time. The Forbes Cloud 100 list is a definitive ranking of top private cloud companies around the globe, and to be […]
Vancouver Tech Startup Dooly Acquired by Chicago’s Mediafly to Empower Sales Platform
Dooly has been acquired, founder and chief executive officer Kris Hartvigsen revealed today. The Vancouver-born AI-powered startup officially confirmed that it is now a part of Mediafly, a business-to-business software firm based in Chicago with clients such as Databricks, Nvidia, Intuit, and Nestle. “I’m thrilled to announce that Dooly and Mediafly are joining forces to […]