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Canadian Tech in 100 Words

Chata.ai Raises US$10M to Scale Financial Analytics

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Calgary-based Chata.ai has raised US$10 million in Series A financing to expand its conversational analytics platform for financial services. The round was led by 7RIDGE with participation from Izou Partners. Chata.ai allows financial professionals to query and monitor data using natural language, reducing reliance on dashboards and technical teams.

Unlike probabilistic AI systems, the platform uses a deterministic architecture that runs on CPUs, delivering consistent, auditable results suited to regulated environments. CEO Kelly Cherniwchan said the funding will support growth across traditional finance, decentralized finance, and wealthtech, as institutions seek reliable AI tools that address compliance, data integrity, and infrastructure cost concerns.

Want to know more? Check out the source code on Fintech.ca.

WaitWell Launches AI Layer for Service Operations

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Service operations platform WaitWell has launched Waillo, a new AI service layer aimed at improving queue management, bookings, and service delivery in high-volume environments. Used by more than 1,700 government offices, universities, and healthcare providers across North America, WaitWell says Waillo enhances human interactions rather than replacing them.

The system acts as an intelligence and routing layer, helping customers reach appropriate staff more quickly while giving administrators clearer operational insight. Features include Waillo Chat for natural-language service routing and Waillo Insights, which translates questions into real-time analysis and recommendations. CEO Steven Vander Meulen said the goal is to reduce friction without adding automation barriers.

Want to know more? Check out the source code on Calgary.tech.

Teamworks Acquires Hockey Analytics Firm Sportlogiq

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Montréal-based sports analytics firm Sportlogiq has been acquired by North Carolina–based sports operations platform Teamworks in an undisclosed deal. Founded in 2015, Sportlogiq uses computer vision and machine learning to track gameplay and player performance and is now used by 97 percent of NHL teams.

Teamworks said the acquisition strengthens its hockey analytics offering by combining Sportlogiq’s video and data infrastructure with predictive intelligence models. Sportlogiq’s 80 employees, including AI researchers, will join Teamworks. The buyer serves more than 6,500 teams globally and reached a valuation above US$1 billion last year.

Want to know more? Check out the source code on Betakit.

Mila, Inovia Launch $100M AI Venture Fund

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Montréal-based AI institute Mila has partnered with venture firm Inovia Capital to launch the Venture Scientist Fund, a $100-million USD early-stage initiative aimed at commercializing Canadian AI research. Announced at Mila headquarters, the fund will back promising research from Mila, Alberta’s Amii, and Toronto’s Vector Institute, supporting scientists at the earliest stages of startup formation.

Mila CEO Valérie Pisano said the effort aligns with federal priorities to accelerate AI commercialization under Prime Minister Mark Carney. Inovia will co-manage the fund, which formally began fundraising this week. Mila managing director Stéphane Marceau will oversee operations, supported by a team of experienced venture advisors.

Want to know more? Check out the source code on Betakit.

Aspect Biosystems, Novo Nordisk Deepen Collaboration on Diabetes Cell Therapies

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Vancouver-based Aspect Biosystems and Novo Nordisk have expanded their partnership to accelerate the development of advanced cellular medicines for diabetes. Building on a collaboration launched in 2023, the new agreement gives Aspect rights to key stem cell–derived islet and hypoimmune cell engineering technologies, with Aspect leading development, manufacturing, and commercialization.

Novo Nordisk will make an additional equity investment, provide research funding, and retain options for later-stage participation, as well as eligibility for milestones and royalties. The partnership integrates U.S. and Danish capabilities into Aspect’s Canada-anchored platform, strengthening its end-to-end cell therapy development efforts.

Want to know more? Check out the source code on Techcouver.com.

Jetson Raises $50M to Scale Home Electrification

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Vancouver-based Jetson has raised $50 million in a Series A round to scale its home electrification platform. The financing was led by Eclipse, with participation from 8VC, Activate Capital, Garage Capital, and Active Impact. Founded in 2024, Jetson focuses on all-electric heat pump systems replacing gas furnaces.

Its flagship Jetson Air product delivers whole-home heating and cooling through existing ductwork using a vertically integrated, direct-to-consumer model. The company says the funding will support U.S. expansion and platform development. Investors say the approach reduces costs, speeds installs, and improves homeowner adoption.

Want to know more? Check out the source code on CleanEnergy.ca.

Brickeye Raises $10M to Expand Construction Tech

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Toronto-based construction technology firm Brickeye has raised $10 million in Series B financing to expand its site-monitoring platform. The company provides tools that help contractors detect water intrusion and other risks during construction. Brickeye said the funding will support product development, hiring, and sales growth in Canada and abroad.

The startup plans to extend its technology into health-care and data-centre construction projects. GreenSky Ventures, Brightspark Ventures, Export Development Canada, Beauchamp Construction, and a supplier led the round. Brickeye’s platform has been deployed on more than 3,000 projects across 20 countries.

Want to know more? Check out the source code on The Logic.

Mave Raises $5M to Power Real Estate AI

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Toronto-based Mave has raised $5 million in seed funding to expand an AI operating platform for real estate brokerages and agents. Led by Staircase Ventures, the round included Relay Ventures, N49P, and Alate Partners, with Janet Bannister joining the board. The raise coincides with Mave’s platform launch, letting owners manage operations, marketing, and brand execution within one compliant system.

The company reports weekly use by over 70 percent of brokers, 8,500 agents onboarding, and live deployments across major Ontario brokerages, alongside partnerships and waitlists supporting planned North American expansion nationwide.

Want to know more? Check out the source code on Fintech.ca.

Dominion Dynamics Targets Canadian Defence Market

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Ottawa-based Dominion Dynamics has emerged with $21 million in seed financing to challenge U.S. defence giants supplying Canada. The round was led by Georgian, with participation from Bessemer Venture Partners and British Columbia Investment Management Corporation.

Led by chief executive Eliot Pence, a former Anduril executive, Dominion is developing technology that enables Canadian Rangers to transmit data from Arctic patrols back to headquarters. The tools have already been deployed in trials, with further testing planned. Dominion aims to build an interoperable intelligence system for remote operations and believes its technology will be compelling enough to win contracts in Canada and abroad.

Want to know more? Check out the source code on The Logic.

Alexi Files Antitrust Counterclaims Against Clio

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Toronto-based legal AI company Alexi has filed antitrust counterclaims in U.S. federal court against Clio, vLex, and Fastcase, alleging that Clio’s $1-billion acquisition of vLex and Fastcase violates Section 7 of the Clayton Act and suppresses competition in AI-powered legal research.

The filing argues that Clio is using the acquisition and subsequent breach-of-contract litigation to block Alexi’s access to one of only three comprehensive U.S. caselaw databases, an essential input for training and operating legal AI systems. Alexi says the conduct amounts to anticompetitive behaviour, tortious interference, and “sham litigation” designed to neutralize a key competitor and stifle innovation across the legaltech market.

Want to know more? Check out the source code on LegalTech.ca.