QuantaSense is preparing to raise capital and begin sales of its flagship product this autumn. The Alberta startup is a member of the second cohort of the Aerospace Accelerator Program, powered by the Aerospace Innovation Hub. Cofounder Abdul Mohamed has been working on the technology behind QuantaSense since his research work at University of Calgary, […]
DealCloser Launches AI Toolkit to Help Teams Unlock ‘Indisputable ROI’
An Alberta startup wants to help teams get deals done by using modern technology. Founded in 2017 by Amir Reshef and Mike O’Connor, Edmonton’s DealCloser offers a digital platform that helps lawyers and teams manage complex transactions from start to finish, including mergers and acquisitions, real estate closings, financing deals, and private equity work. DealCloser’s […]
Helcim to Power Payment Processing for Growing Harvest Platform
Late payments can constrain on a small business. Two Canadian financial technology innovators—including one based out of Alberta—are partnering to address this persistent problem. Toronto’s Harvest, an AI-powered accounts receivable platform for Canadian businesses, is collaborating with Calgary-based payment processor Helcim. The partnership brings Helcim’s payment processing capabilities into Harvest’s platform, according to a statement […]
TD Taps Edmonton’s Trust Science to Modernize Lending Workflows with AI-Powered Toolkit
TD Bank is tapping into the technology of Edmonton’s Trust Science. The Alberta fintech Trust Science offers an AI-powered credit decisioning and risk management platform for North American institutions. The licensed agency operates as Canada’s “third and most modern credit bureau” by automating legacy lending workflows in ways which reduce risk, fraud, and operating cost […]
Alberta Supports Province-Wide Adoption of ‘Defining’ AI Technology with $50M Investment in Amii
Hot on the heels of a $13B local data centre announcement from Meta, five ministries of Alberta are partnering to support a $50-million, five-year investment into the region’s premier artificial intelligence hub, the Province announced this week. Funding of $15M from the Ministry of Technology and Innovation, another $15M from Advanced Education, $10M from Assisted […]
Alberta’s Government Shares Knowledge en Route to Becoming ‘Most AI-Enabled Public Service’ in Canada
Alberta is actively adoption artificial intelligence technologies. Tools “from companies like Anthropic and Google” are helping to support and protect critical government services, from social programs and registries to wildfire response and public safety, according to the province. Over the past 18 months, the Ministry of Technology and Innovation has built a set of AI […]
Innovate Calgary’s Aerospace Accelerator Program Returns to Support Local Startups with Capital, Guidance
After a successful first year, Innovate Calgary’s Aerospace Accelerator Program has returned. The two-year program takes startups with technology-driven solutions and adds funding, development resources, professional training, and expert support. The AAP is supported by a network of partners including financiers like Calgary Economic Development’s Opportunity Calgary Investment Fund and Prairies Economic Development Canada, as […]
Praising Regional Ecosystem, Teledyne Unveils $20M Expansion of Edmonton Tech Facility
Teledyne Technologies is expanding its manufacturing facility in Edmonton. The California-based industrial conglomerate is pouring $20 million, alongside a $600K grant from Alberta’s Investment and Growth Fund, to expand its advanced semiconductor manufacturing facility. “Our expansion in Edmonton is a vote of confidence in the region’s talent and innovation ecosystem, creating high-value jobs and opening […]
OCIF Helps API Relaunch Biohubx to Better Support Life Sciences Startups in Calgary
The Opportunity Calgary Investment Fund is investing in one of Canada’s largest not-for-profit life sciences commercialization organizations. OCIF this month unveiled $368,048 for Applied Pharmaceutical Innovation, which supports the commercialization of life sciences technologies nationwide. The funding from OCIF will help API grow its Calgary-based team, as well as establish a life sciences commercialization centre […]
Deep Sky Successfully Captures Carbon Dioxide at Alberta Facility to Sequester Underground
Deep Sky and Isometric have captured and permanently removed carbon from the atmosphere at a facility in Alberta. Montreal-based Deep Sky is a tech-agnostic project developer aiming to remove carbon from the atmosphere and store it underground, while Isometric is an agentic certification platform for the environmental and industrial economy. The capture by Deep Sky’s […]