News

Xanadu completed its business combination with Crane Harbor and listed on Nasdaq and the TSX as XNDU. The quarter also included a CAD $390M funding discussion with Canada and Ontario, a partnership with Korea's ETRI, a new battery materials algorithm, and new CFO + CLO hires.

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.

SkyWatch added Spexi's ultra-high-res drone imagery to its platform, building on a January partnership with Nearmap. The expansions deepen SkyWatch's positioning as the single platform for satellite, aerial, and drone data.

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?