A Canadian entrepreneur has raised a sizeable round of seed funding for his startup, Dexa, which leverages artificial intelligence to offer “podcast assistants.” Calgary native Riley Tomasek launched Dexa last year after prior entrepreneurial stints at Vancouver startups Standard Resume and Flight (which was acquired by Figma). Tomasek and his team have secured $6 million […]
Blackline Inks Multiyear Deal with Major Energy Company for Wearable Tech
Blackline Safety this week announced a four-year contract with a “major U.S. upstream energy company” headquartered in Texas. The contract, valued at nearly $3 million, will see the unnamed energy company acquire from Blackline over 800 G7c cloud-connected wearable safety devices, 40 EXO cloud-connected area monitors, and 75 G7 Docks. Blackline’s G7 personal gas detectors […]
Calgary Startup Secures Seed Capital to Grow AI Platform for Homebuilders
A Calgary-based company applying artificial intelligence solutions to the homebuilding industry has secured seed capital. OpenHouse.ai announced this week a $1.5 million round led by Trico Ventures. With over three million new homes needed by 2030 to address Canada’s housing crisis, developers require new tools to optimize planning and improve efficiency throughout the construction process, […]
UK’S Carbon Clean Selects Calgary as Headquarters for Expansion into Canada
The United Kingdom’s Carbon Clean recently announced a strategic expansion into Canada to meet an increase in demand for its carbon-capture technology. After three years of being “active” in the country, Carbon Clean is formalizing its footprint in the market with official headquarters. “Recent efforts to incentivize Canadian investment in carbon capture, utilization, and storage […]
David Usher to Ignite Innovation and Creative Thinking at INVENTURE$ in May
We have already mentioned how an advanced humanoid robot will be both attendee and exhibition at this year’s INVENTURE$, which each May brings together industry leaders, angel investors, and venture capitalists under one roof in Calgary. Last year, with a theme of “Innovation Overdrive,” a record 3,000 participants spurred “our most successful event yet,” according to […]
ElevateIP Alberta Receives Federal Funding to Help Startups Harness Innovative Ideas
Many startups lack the sufficient resources, funds, or expertise to develop and implement an effective strategy around intellectual property. It’s a problem that Alberta wants to address. In partnership with the University of Calgary, Innovate Calgary, and Economic Development Lethbridge, ElevateIP Alberta helps business accelerators and incubators equip startups with toolkits to understand and leverage […]
Cnergreen Secures Seed Funding to Commercialize Nanoparticle Innovation
A Calgary-based startup has secured seed funding for its work developing and manufacturing nanoparticle-based foam technology. Cnergreen announced a $2 million round led by Rhapsody Venture Partners, a US-based venture capital firm specializing in hard-tech investments. Chief executive officer of the advanced materials startup, Ali Telmadarreie, said in a statement that the capital “will enable […]
Toronto-Born Crypto Fintech Excited About New Home in Calgary
Balance last year filed an application with Alberta’s Treasury Board and Finance to incorporate a special purpose trust company under the Loan and Trust Corporations Act. The company wants to offer true Canadian custody for crypto holdings. The Toronto-born fintech, which currently custodies $1.5 billion worth of digital assets in its SOC2-certified proprietary platform, today […]
Entering 2024, Blackline Safety Posts 27th Straight Quarter of Growth
Shares in Calgary-based Blackline dipped following the company’s fiscal year-end results for 2023, despite achieving $30 million in revenue during the fourth quarter and reporting annual revenue above $100M for the first time. “We are delighted to achieve a significant milestone, reaching $100 million in total annual revenue as we recorded our 27th consecutive quarter […]
The Best Tech Startup Employers Based in Calgary
Forbes this month released its first-ever ranking of Canada’s Best Startup Employers. To determine the ranking, Forbes partnered with research firm Statista to identify a shortlist of more than 1,000 companies based in Canada. Startups were then evaluated based on three main criteria: employer reputation, employee satisfaction, and company growth. Data points were tallied into […]