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Canadian Tech in 100 Words

Kardium Begins Tracking Real-World Heart Treatments

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Burnaby’s Kardium has enrolled the first patient in its Globe Registry, a study tracking its heart-treatment technology in routine clinical practice.

The registry is expected to include up to 500 patients across Canada and the United States, with follow-up lasting 12 months after treatment.

Researchers will assess the Globe Pulsed Field System’s safety and effectiveness in patients with atrial fibrillation. Overlake Medical Center in Bellevue, Washington, enrolled the first participant.

The milestone follows U.S. approval in 2025 and Canadian approval this summer. As commercial adoption expands, the registry will gather evidence about outcomes beyond the controlled conditions of clinical trials.

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

BioWare Shuts Down After Three Decades

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Edmonton’s BioWare is shutting down after more than three decades, ending a chapter for one of Canada’s best-known game studios. The developer behind Baldur’s Gate, Dragon Age, and Mass Effect announced that work on its next Mass Effect game will also stop.

The closure follows parent company Electronic Arts’ decision to cut staff and close the studio. EA acquired BioWare in 2007.

Founded in 1995, BioWare helped establish Canada’s reputation for ambitious, story-driven games. Its shutdown adds to a difficult period for the domestic gaming industry, following Ubisoft’s closures of its Winnipeg and Halifax studios and the resulting job losses.

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

Hive Lands US$27 Million for Next Chapter

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Kitchener-Waterloo’s Hive has announced US$27 million in Series B financing from Frontier Growth to support its next chapter in live-event marketing software.

Most of the transaction consists of secondary capital buying out existing investor Avenue Growth Partners, with a smaller portion funding product development and sales expansion.

Hive connects audience purchasing data with email, text messaging, advertising, and customer relationship tools to help venues and promoters sell tickets.

The 75-person company serves more than 1,600 venues, promoters, and festivals. About 70% of its team works in Canada, including most engineering staff, despite most customers being based in the United States.

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

Reaction Dynamics Thinks Bigger With Borealis

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Quebec’s Reaction Dynamics has unveiled Borealis, a medium-lift rocket designed to carry six tonnes into low Earth orbit, with a first launch targeted for 2031.

The Longueuil company plans to raise $350 million in additional private investment and expand its workforce from 68 to more than 350 employees by 2031.

Borealis will build on technology developed for Aurora, its smaller rocket targeting an initial orbital flight from Canadian soil in late 2028.

The roadmap includes approximately 375,000 square feet of manufacturing and integration capacity in Quebec, underscoring the investment needed to establish Canadian launch capabilities for commercial and government customers.

Want to know more? Check out the source code here.

PataBid Raises $2 Million for Construction AI

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Calgary’s PataBid has raised $2 million in pre-seed funding to expand its AI-powered construction estimating software. Graphite Ventures led the round, joined by Sprout Fund, Bluesky Equities, Inverted Ventures, and angel investors.

Founded by Melvin Newman, PataBid helps contractors turn construction drawings into priced estimates through its Quantify platform, combining material identification, supplier pricing, and ordering.

The company says more than 200 contractors use Quantify, with over $2 billion in bids processed.

Funding will support product development, partnerships, and North American expansion. PataBid is also developing Newton, a conversational AI estimating agent, with a commercial launch planned for next year.

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

UniUni’s Public Listing Deal Collapses

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Richmond-based delivery company UniUni’s planned public listing has collapsed after MAK Acquisition terminated their merger agreement. The transaction would have valued the combined business at more than US$1 billion.

MAK said UniUni exceeded the agreement’s maximum cumulative pretax loss, leaving a breach it could not remedy within the allotted period.

UniUni had previously announced plans for a private funding round led by an existing investor to support North American growth and strengthen its financial position.

The setback leaves the logistics company seeking another route to public markets as it prepares for peak delivery season and works to finance continued expansion.

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

Fibra Brings Health Tracking to Underwear

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Toronto’s Fibra has launched smart underwear designed to track reproductive health during everyday wear. The washable garment combines sensors for vaginal pH, discharge patterns, skin temperature, heart rate, and heart rate variability with a detachable electronics module and mobile platform.

Founded by biomedical engineer Parnian Majd, Fibra says development included more than five million data points and 500,000 minutes of wear. The company has raised approximately US$1.7 million.

Its platform aims to turn changing biological patterns into personalized insights while reducing manual tracking. Fibra describes the product as a reproductive-wellness tool, not a replacement for medical care or diagnostic testing.

Want to know more? Check out the source code here.

Tenstorrent Raises US$1.5 Billion

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Canadian-founded AI chipmaker Tenstorrent has raised US$1.5 billion in Series E funding at a US$6.2 billion valuation. Led by Trace Capital and Innovation X, the round will support Galaxy server manufacturing, next-generation hardware development, and hiring.

Founded in Toronto and now headquartered in California, Tenstorrent is challenging established AI chipmakers with an architecture supported by open-source software. Toronto remains its largest office, employing 200 of its 1,000 staff, while some components are manufactured in Markham.

The financing highlights the global ambitions of Canadian-founded semiconductor companies and the substantial capital required to compete in the rapidly expanding market for AI computing.

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

Inovia Reloads for AI Startups

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Montréal’s Inovia Capital has secured US$200 million in the first close of its sixth early-stage venture fund, moving toward a US$325 million target. Backers include BDC, La Caisse, CIBC, Fondaction, Fonds de solidarité FTQ, Investissement Québec, and Teralys Capital.

Fund VI will target AI-native startups and frontier technologies spanning cybersecurity, infrastructure, energy, computing, robotics, and quantum. Inovia expects to make 15 to 20 core investments in companies from seed through Series A across North America and Europe.

The firm hopes to reach its fundraising target by early 2027, adding capital for founders navigating a challenging environment for venture-backed technology businesses.

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

PlanBase Builds for Canadian Advisors

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Ottawa startup PlanBase is building financial-planning software specifically for Canadian advisors, combining a domestic planning engine with an AI assistant called Finn.

The bootstrapped platform helps import client documents, populate plans, identify gaps, explore scenarios, and draft reports. Advisors retain final approval. Its Canadian focus includes bilingual functionality, provincial probate differences, and distinct Quebec and Canada Pension Plan considerations.

Co-founders Alex Bernier and Charlie Gracie bring financial-planning and software-engineering experience to the business. Operating through advisor subscriptions, PlanBase aims to reduce preparation work across retirement, estate, insurance, and pension planning, giving professionals more time for analysis and conversations with clients.

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