In September, Calgary’s GeologicAI added $10 million in funding from Export Development Canada to a $20 million Series A financing round announced in June 2023 led by Bill Gates’ Breakthrough Energy Ventures. The global leader in digital rock analysis combines hardware, software, and machine learning into an integrated digital rock analytics platform—reducing a costly and intensive […]
News
Series B Capital to Spur Innovation, Expansion at Qube Technologies
A Calgary-based technology company known for low-cost environmental surveillance technology has secured Series B funding. The strategic investment into Qube Technologies hails from TC Energy, NGIF Cleantech Ventures, and Bain & Company Future Back Ventures. Qube’s mission is to help industries such as oil and gas detect and reduce methane and other emissions. The Alberta […]
Alberta Armada Sets Sail for SXSW to Highlight Innovation, Foster Growth
Alberta Innovates and its Scaleup Growth and Accelerator Program announced this month that dozens of high-potential regional startups will be attending the iconic annual tech and culture event SXSW in March. Fifty delegates will participate in curated meetings and attend invite-only networking events in an effort to make connections, attract investors, and take in learning […]
Innovating Alberta Startups Secure Capital to Write Their Next Chapter of Growth
Last year, a report from national law firm Osler uncovered “impressive signs of growth, renewal, and resilience in the ecosystem” in Alberta. And CBRE’s 2023 Scoring Tech Talent report found that Calgary experienced a 61% growth in tech talent over five years—the second-highest rate in Canada next to Vancouver. There has “never been a more exciting time to be in […]
Calgary Entrepreneur Secures $6M in Seed Funding to Fuel Latest Startup
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 […]