$900 million of venture capital dollars were invested across 144 deals in the third quarter of 2022, bringing the year-to-date total above $7 billion invested across more than 500 deals as investment “continues to normalize to pre-pandemic levels,” according to the latest quarterly report from the Canadian Venture Capital and Private Equity Association. “Canada’s VC […]
Ideon
Connecting The Dots: September 2022
Each month, the team at Switchboard Public Relations connects the dots between the trends, headlines and narratives informing the B.C. tech sector. For September’s Connecting The Dots, the team breaks down recent funding announcements and multimillion-dollar M&A action, shines a spotlight on BC Tech’s first-ever Dragon’s Den Pitch Night, and explores new partnerships. Funding flows […]
Ideon Raises $21 Million to Accelerate Supernova-Charged Subsurface Imaging
Ideon Technologies has raised a $21 million Series A round led by Playground Global. Ideon leverages the natural energy generated by supernova explosions in space – in the form of subatomic particles called cosmic-ray muons – to provide x-ray-like visibility up to 1 km (0.6 miles) beneath the Earth’s surface. Ideon maps the intensity of […]
Digital Technology Supercluster Launches World’s First Earth X-Ray Discovery Platform
Canada’s Digital Technology Supercluster has launched the Earth X-ray for Low-Impact Mining project. Like X-rays and MRIs give us visibility inside the human body, the project will enable mining exploration companies to identify density and magnetic anomalies with greater resolution and certainty up to 1 kilometre beneath the Earth’s surface. To power the global transition […]
BC Tech Announces Winners of 2021 Technology Impact Awards
Now in their 28th year, the Technology Impact Awards (TIAs) have never had more reasons to celebrate than they did last night at Science World. The sold-out TIAs Gala returned to an in-person format while also broadcasting the event live to the tech community. “It was wonderful to come together as a community and experience […]
Ideon and Orano Deploy World’s First Borehole Muon Tomography Solution
Canadian Earth ‘x-ray’ startup Ideon Technologies and top world uranium producer Orano have deployed the world’s first cosmic-ray muon detector for use in industry-standard boreholes. The EUREKA-approved research and development project, which is receiving advisory services and funding support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP), will run from […]
Venture Capital Deal Activity Robust In B.C. During Q3 2020
Hockeystick has released their BC Tech Report for Q3 2020 that summarizes venture capital deal activity in Q3. COVID-19 has not slowed down deal activity in the region, but its impact can be seen in the types of companies raising funds, exemplified by Thinkific’s $22 million raise to address remote learning demand attributed to COVID-19 changes […]
Ideon Leads International Collaboration For Borehole Muon Detector Trials
Earth ‘x-ray’ start-up Ideon Technologies is initiating the world’s first field trials of a muon detector that fits down industry-standard boreholes – together with French multi-national Orano Group, in a cooperative EUREKA-approved research and development project, and with funding support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). Richmond’s Ideon […]
Earth X-ray Pioneer Ideon Technologies Raises $1.3 Million Seed Round
Ideon Technologies has raised a $1.3 million seed round from a diverse group of global investors including the University of British Columbia’s Seed Fund. The Vancouver startup is a pioneer in cosmic-ray muon tomography, providing x-ray-like imaging from below the Earth’s surface. Ideon will deploy the new capital, combined with existing funding, to develop its […]
Cosmic-Ray Muon Pioneer Relaunches As Ideon Technologies
Vancouver startup CRM Geotomography Technologies is getting ready to go to market and will do so under a new name and new leadership. The spin-off from TRIUMF–Canada’s national particle accelerator laboratory located at UBC–is now called Ideon Technologies and Gary Agnew has been named the new CEO. Agnew most recently led the global digital strategy […]