A startup launched out of Vancouver last year this month closed a seed round. Gumloop, an AI automation platform, announced the $3 million round led by by First Round Capital with participation from Y Combinator, Theory Forge Ventures, Ludlow Ventures, and a variety of angels including Max Mullen, Arash Ferdowsi, Andrew Ofstad, Immad Akhund, and […]
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MarineLabs Unveils Forecast AI for Hyper-Localized Coastal Weather Predictions
Victoria’s MarineLabs has launched accurate and hyper-localized coastal weather forecasts delivered through MarineLabs’ new machine learning models. Forecast AI is a much-anticipated addition to MarineLabs’ flagship product, CoastAware, a real-time weather intelligence solution that enhances safety, efficiency, and sustainability in maritime operations and bolsters the climate resilience of coastlines. MarineLabs, a leader in cutting edge […]
Freedom Mobile Reveals Wireless Network Expansions, Upgrades Throughout B.C.
A quarter million more Canadians now have the option of subscribing to Freedom Mobile’s wireless services, the national carrier announced this week. Freedom, a wholly owned subsidiary of Videotron, revealed launches in 50 additional cities and communities across B.C. and Alberta. This latest market expansion was made possible, Freedom stated, as a result of partner […]
Nine B.C. Innovators Secure $7.6M from CICE to Propel Clean Energy Solutions
Nine B.C. companies have secured a total of $7.6 million from the B.C. Centre for Innovation and Clean Energy (CICE) to scale breakthrough innovation and lead the net-zero global economy. Founded in October 2021, CICE is an independent, not-for-profit corporation that helps fund the commercial development and scaling of made-in-B.C. clean energy solutions — from […]
Vancouver is Getting Venture Capital Deals Done – But There May Be a Problem
Vancouver was the second-hottest city in Canada for venture capital financing deals through the first half of 2024, a new report has found. The city of Vancouver saw $246 million in VC financing across 45 deals, the second-most deals behind Toronto’s 112, data from CPE Analytics reveals. In terms of dollars invested, Vancouver ranked fourth […]
Clio Secures Record-Breaking Investment, Raising USD $900 Million Series F Round to Drive Legal Tech Innovation
Local centaur Clio has landed the largest investment round in Canadian history. The global leader in legal tech has raised USD $900 million Series F round led by New Enterprise Associates (NEA) based on a USD $3 billion valuation. Clio will use the new capital to expand its multi-product platform, including further investments in its […]
Squamish’s FireSwarm Advances in XPRIZE Wildfire with Drone Technology
Squamish’s FireSwarm has been selected by the XPRIZE Wildfire’s independent judging panel as one of the 29 Qualified Teams from around the world to advance to the next round of the XPRIZE Wildfire Autonomous Wildfire Response track. FireSwarm deploys autonomous drone swarms for rapid, precise wildfire suppression. FireSwarm’s mission is to integrate cutting-edge drone technology […]
ACEL Power Reveals an Oversubscribed Series A Round to Fuel the Electrification of Boats
ACEL Power has closed on an oversubscribed Series A round of funding, the Vancouver-based marine electric innovation company announced this month. The B.C.-born cleantech said that Tau Capital, an Abu Dhabi-based private venture capital firm, led the US$10 million round. ACEL currently produces the high-powered Intelligent Electric Series, including a 75HP electric outboard, with plans […]
Canada Reveals Investment Toward Building Hydrogen Innovation Hub in Prince George
Eight hundred kilometres north of Vancouver lies Prince George. The northern British Columbia hub this month received an investment from the Pacific Economic Development Agency of Canada to help establish the region’s hydrogen innovation industry. Prince George is strategically positioned to take advantage of Canada’s expanding hydrogen economy due to “regional transportation advantages,” according to […]
Revolutionizing EV Charging: Variablegrid’s Smart Solution for Homes and Multi-Unit Buildings
Electrical vehicle (EV) charging logistics, such as when and where EVs can plug in, is the leading barrier to EV adoption, despite increased investment in public EV charging infrastructure. Due to its low cost and convenience, 80% of EV charging happens at home, a trend expected to continue. However most residential, commercial and multi-unit buildings’ […]