News

Ottawa-based defence tech startup Dominion Dynamics has secured $139 million CAD in Series A financing to advance its mission to become Canada’s first line of defence in the Arctic.

Montreal firm Inovia Capital led the latest late-stage venture funding round

Xanadu Quantum Technologies Limited ("Xanadu") (Nasdaq: XNDU) (TSX: XNDU) today announced a new accomplishment in ultra-low loss photonic chip packaging, achieving ultra-low edge-coupling loss for its photonic chips.

Neo Financial announced this week that it is expanding its product lineup. The Calgary fintech, which today serves more than one million customers, says that the addition of four new credit card options gives users more choices than ever when it comes to spending rewards.

A new partnership between iFinance Canada and Neo Financial gives eligible Neo customers access to personal loans of up to $10,000 — the latest move by iFinance to place consumer credit directly within the platforms and places Canadians already use.

Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), one of the largest scientific research centers in the United States, have collaborated to enable cutting-edge research in quantum computing by leveraging Xanadu's open-source quantum software library, PennyLane, on the Frontier supercomputer, one of the most advanced computing systems in the world.

Toronto-based Float made waves when secured nearly $100 million in financing

Inaugural deal marks fintech lender’s entry into institutional funding channels as it looks to support growth of its credit card portfolio

Consolidation strengthens MRV infrastructure for a growing share of the global biochar market Acquisition enhances compliance, reporting, and audit

Viant Technology Inc. (NASDAQ: DSP), a leader in CTV and AI-powered programmatic advertising, today announced it has entered into a definitive agreement to acquire TVision Insights, the only attention measurement provider delivering second-by-second, eyes-on-screen attention, co-viewership and in-room presence for TV.

Ethereum restaking protocol EtherFi has signed a three‑year deal to supply 3 billion dollars worth of ETH as validator liquidity to ETHGas.

Industry members say Ottawa’s promised defence dollars and bureaucracy reforms have yet to flow through in the form of contracts

Wave landed on Fast Company's Most Innovative Companies in Sports for 2026. Their portfolio of brands now reaches more than 500M Gen Z and Millennial sports fans monthly.

Basil Systems landed at #2 on Fast Company's Most Innovative Companies in Data Science. The company also rolled out Basil Executive, a dashboard for high-level MedTech market insights tying together FDA clearances and industry trends.

Gartner's first Market Guide for Guardian Agents named Pillar Security among the representative vendors, positioning Pillar as a leader in end-to-end protection for agentic AI applications.

CarbonRun became the first company in the world to earn carbon credits for river alkalinity enhancement, with Isometric verifying 76 credits from the Kvina River trial. The company is on track to remove roughly 55,000 tonnes of CO2 between 2025 and 2029.

Neo Financial raised $68.5M from a syndicate of more than 100 Canadian investors at a step up from its 2024 valuation, with AIMCo and Northleaf joining. The capital sets up Neo's debut credit-card securitization program, a Canadian fintech first.

Float was admitted to Payments Canada as one of five inaugural PSP members. CEO Rob Khazzam framed it as a seat at the table for shaping Canadian payments infrastructure, a meaningful step ahead of the Real-Time Rail rollout.

Ottawa-based Dominion Dynamics closed a $21M CAD seed round led by Georgian, with Bessemer and BCI also in. In March, the company announced a $50M initial investment to build a sovereign autonomous wingman drone for the Canadian military.

Polygon Labs is acquiring Sequence AND Coinme for a combined $250M+, anchoring its Open Money Stack for regulated stablecoin payments. Sequence brings enterprise smart wallets and a one-click cross-chain orchestration engine.

Atlassian has acquired Secoda, a platform that aims to make data insights accessible to non-technical teams. Atlassian wants to build a complete ‘System of Work’ through Rovo, using acquisitions of various parties as building blocks. AI serves to bridge the gap between data and actual decisions.

Rebel partners with retailers to sell their returned merchandise. It just raised $25 million led by Jay-Z’s MarcyPen Capital Partners to keep growing.

Cybrid achieves 5x growth as regulated banks, remittance providers, and B2B payment companies embrace its stablecoin infrastructure

Thomas Terrats, CEO and co-founder of Montréal-based Vessel, thinks there’s a nugget of wisdom inside that sentiment that could unlock success for VCs: focusing on what humans excel at—relationships—while automating the grunt work.

Deck, a startup that claims to be building “the Plaid for the rest of the internet,” has raised $12 million in a Series A funding round — about nine months after closing its seed financing.

Pillar provides end-to-end security controls at every stage of the AI lifecycle, delivering unparalleled protection for mission-critical AI systems, while resolving risks left by insufficient, traditional DevSecOps tools

Could Altering Ocean Chemistry Help Slow Global Warming?