In 2024, Vancouver-based Clio secured a record-breaking USD $900 million Series F funding round, the largest in Canadian history, to drive legal tech innovation. Today, the company is putting that investment to work with a strategic acquisition. Clio has acquired ShareDo, a UK-based adaptive work management platform, expanding its reach into larger law firms. This […]
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General Fusion Advances Magnetized Target Fusion with LM26 Breakthrough
General Fusion has successfully formed a magnetized plasma inside its Lawson Machine 26 (LM26), marking a significant step in the advancement of its Magnetized Target Fusion (MTF) technology. The Burnaby-based company now aims to compress these plasmas with a lithium liner to generate fusion, tracking toward game-changing technical milestones that could pave the way for […]
Novarc Technologies Secures $50M to Advance AI Welding Automation
North Vancouver-based Novarc Technologies, a leader in AI-driven robotic welding solutions, has raised $50 million in Series B funding to expand its research and development efforts. The round was led by Export Development Canada (EDC), with participation from Graham Partners, Seaspan, and InBC Investment Corp. Novarc’s NovAI™ system, an AI-powered welding solution, enhances robotic automation […]
Deloitte Acquires Pocketed to Strengthen AI-Powered Funding Services
Deloitte Canada has announced the acquisition of Pocketed, a Vancouver-based startup known for its AI-driven platform that helps businesses identify and secure funding opportunities. The move enhances Deloitte’s grant and SR&ED service offerings while expanding Pocketed’s reach through Deloitte’s innovation ecosystem. Pocketed’s technology streamlines the funding process by using an intelligent matching system that connects […]
7Gen Acquires San Francisco Startup to Enhance E.V. Fleet Toolkit with AI Tech
7Gen recently acquired EnergizedAI, a startup based out of San Francisco. EnergizedAI developed a proprietary algorithm that treats each EV charger like a patient, continuously monitoring vitals and environment to assess health and predict failures before they happen. Through the acquisition, Adam Mandel, founder of EnergizedAI, joined 7Gen as senior product advisor. “7Gen’s complete end-to-end solution […]
Apply Digital Acquires Ragnarok to Boost Customer Engagement
Vancouver-based Apply Digital has acquired marketing technology agency Ragnarok, strengthening its customer engagement and data-driven marketing capabilities. The terms of the deal were not disclosed. Founded in 2016 by Chris Coghlan and Gautam Lohia, Apply Digital is a digital agency that designs, builds, and manages smart digital products to help brands accelerate time-to-market and drive […]
MDA Space Secures $1.1 Billion Contract for Globalstar’s Next-Gen LEO Constellation
Richmond’s MDA Space has been selected as the prime contractor for Globalstar’s next-generation low Earth orbit (LEO) satellite constellation, securing a definitive contract valued at approximately $1.1 billion. Under the agreement, MDA Space will manufacture more than 50 MDA AURORA™ software-defined digital satellites for Globalstar, a major satellite operator providing mobile satellite services worldwide. “We […]
Novarc, Miller Electric Partner to Advance AI-Powered Welding
North Vancouver-based Novarc Technologies has entered a strategic partnership with Miller Electric Mfg. LLC to revolutionize welding automation through artificial intelligence (AI). The collaboration aims to introduce next-generation AI-powered welding solutions designed to enhance productivity, address labor shortages, and improve precision in industries such as shipbuilding, heavy equipment manufacturing, and construction. As part of Miller’s […]
Clio Donates $3 Million to UBC Sauder’s Powerhouse Project
Vancouver-based legaltech Clio has pledged $3 million to the University of British Columbia’s Sauder School of Business to support entrepreneurship and innovation. The donation, one of the largest contributions to UBC Sauder’s Powerhouse Project, will help create a dedicated space for students, faculty, and industry leaders to collaborate on new ventures. The space will also […]
Vancouver Firms MyFO and Quandri Recognized by CIX Startup Awards
This year’s recipients of the CIX Startup Awards, a showcase of Canada’s rising stars selected by North American investors, have been revealed. The CIX Selection Committee, comprising over 100 investors and experts, evaluated submissions based on six criteria: Business Model, Quality of Product and Service Offering, Innovation, Market Opportunity, Depth of Management, and D.E.I. of […]