Backed by the National Quantum Strategy, NGen and DIGITAL team up to launch $30 million for quantum projects
Global innovation clusters NGen and DIGITAL announced yesterday that they have partnered to launch C$30 million in projects aimed at driving the commercialization of quantum technologies. NGen, based in Concord, Ont., is a global innovation cluster for advanced manufacturing while DIGITAL, formerly known as the Digital Technology Supercluster, is a
Read MoreTuSimple may sell US business as it turns attention to Asia
Self-driving truck developer TuSimple may sell its U.S. business, the company said in a regulatory filing Wednesday. TuSimple, which is on the verge of being delisted from the Nasdaq stock exchange for failing to file two quarterly reports, said it is exploring strategic alternatives for its U.S. business, including a
Read MoreSpire and OroraTech will launch a fleet of wildfire-monitoring satellites
The past few wildfire seasons in the United States and Canada have been some of the most memorable — and dangerous — on record. But despite the billions of dollars that each government pours into fighting fires, first responders are still in need of real-time wildfire detection and monitoring data.
Read MoreHow self-driving do we need our self-driving cars to be?
Photo: Vjeran Pavic Illustration: Alex Parkin There’s a big debate happening in the self-driving car world: what’s the best way for these vehicles to see the world around them? Both Tesla and those autonomous taxi startups, like Waymo and Cruise, use powerful machine vision systems to help their cars navigate
Read MoreBlackBerry CEO maintains company is ‘on the right path’
BlackBerry CEO John Chen tried to paint a bright face on the company’s financial future at the company’s virtual annual general meeting on Tuesday. “I am positive we are on the right path,” he told shareholders during the online meeting, although in March the Waterloo, Ont.-based company reported losing $734
Read MoreVisa acquires Brazilian fintech startup Pismo in $1B blockbuster deal
Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far. Founded in 2016 by Juliana Motta (CPO), Ricardo Josua (CEO), Daniela Binatti (CTO), and Marcelo Parise (VP
Read MoreCisco bolsters network, internet monitoring capabilities with acquisitions
Cisco yesterday announced its intention to acquire U.K.-based SamKnows, a privately held broadband network monitoring company, to increase the reach of its ThousandEyes network intelligence service’s view of the internet into the last mile. This comes on the heels of last week’s announcement that it plans to acquire Montreal-based Accedian,
Read MoreBrex refocuses on startups with hire of SVB veteran, ex-a16z operating partner
Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves in the startup community. While Brex soon clarified that by smaller customers it meant small to medium-sized businesses and non-funded startups,
Read MoreCelestial AI raises $100M to transfer data using light-based interconnects
David Lazovsky and Preet Virk, technologists with backgrounds in semiconductor engineering and photonics, came to the joint realization several years ago that AI and machine learning workloads would quickly encounter a “data movement” problem. Increasingly, they predicted, it would become challenging to move data to and from compute hardware as
Read MoreAs $100M+ venture rounds evaporate, IPOs might have to carry the weight
Earlier this year we wrote that the “the $100M venture round is going extinct.” Often our predictions wind up sideways. This time we were on the right track. According to new data from PitchBook, the U.S. venture market is continuing to endure lackluster velocity for nine-figure investments into private companies,
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