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Canadian Tech in 100 Words

TruthSayer AI Launches AI Hedge Fund for All

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Vancouver-born fintech startup TruthSayer AI has launched what it calls “the world’s first AI Hedge Fund-in-a-Box.” Targeted at retail investors, small hedge funds, and family offices, the platform offers machine learning-based investment signals and strategies without traditional overhead costs.

Founded by Nizar Assanie, the system analyzes vast financial datasets—from earnings calls to insider trades—to deliver actionable insights. TruthSayer claims win rates of 85% on trades, with pricing starting at $3 per month. Leveraging LLM-as-a-Service architecture and open-source models, the company says it achieves 40% lower costs than proprietary rivals. A new funding round is expected in the months ahead.

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

NiaHealth Launches AI Platform for Proactive Health

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Edmonton-based NiaHealth has launched its AI-powered preventative health platform after completing nearly 100,000 biomarker tests in stealth. Backed by $2.5M in funding led by Version One Ventures, the startup offers personalized health insights through advanced diagnostics and clinician-led guidance.

NiaHealth’s platform supports at-home and in-clinic testing across 50+ biomarkers, addressing gaps in Canadian primary care. With 90% of users uncovering unknown risks, early data highlights issues like vitamin D deficiency and pre-diabetes. CEO Sameer Dhar and Clinical Director Tanya ter Keurs aim to shift healthcare from reactive treatment to proactive prevention—delivering accessible, tech-enabled health support nationwide.

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

Montreal’s Deck Aims to Be ‘Plaid for the Web’

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Montreal-based startup Deck has raised $12 million in Series A funding led by Infinity Ventures, bringing its total raised to $16.5 million since launching in January 2024. Founded by former Flinks executives Yves-Gabriel Leboeuf, Frederick Lavoie, and Bruno Lambert, Deck enables user-permissioned data access across non-API web platforms.

Its browser-based AI agents extract and structure data from utility portals, payroll systems, e-commerce backends, and more. With customers in over 40 countries and applications spanning energy, music royalties, and food distribution, Deck aims to “Plaid-ify” the rest of the internet.

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

Open Letter Calls for Bold Clean Economy Action

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With a federal election approaching, Vancouver-based Foresight Canada is urging political leaders to make cleantech central to Canada’s economic strategy. In an open letter released this week, the innovation accelerator outlines three key priorities: fast-tracking domestic adoption of Canadian cleantech, boosting productivity through innovation, and positioning Canada as a global clean economy leader.

The organization cites strong sectoral impact—$2.24 billion raised, 9,000 jobs created, and high returns on investment. “Canada has the talent and technology,” the letter states. “What we need now is the political will.” Foresight is encouraging Canadians to sign the letter ahead of campaign season.

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

Alberta Tech Sector Hits $13B Milestone

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Alberta’s tech sector is powering a new era of economic growth, according to a new report by ATB Financial and the Canadian Chamber of Commerce’s Business Data Lab. Titled An Innovation Revolution, the report reveals tech contributed $13 billion to Alberta’s GDP in 2023, with jobs growing nearly four times faster than other sectors.

Venture capital investment rose from $227M in 2019 to $698M in 2023. Calgary and Edmonton ranked in North America’s top 50 talent hubs. With strengths in EnergyTech, AgriTech, and HealthTech, Alberta is evolving into a diversified tech powerhouse.

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

pHathom and CarbonRun Top Cleantech Award Winners

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Atlantic Canada’s clean technology sector was spotlighted at the inaugural Atlantic Canada Cleantech Awards in Halifax, hosted by Foresight Canada. Halifax-based pHathom Technologies won Startup Venture of the Year for its CO₂ capture innovation using limestone and seawater, while CarbonRun earned Scaleup Venture of the Year for its salmon-friendly carbon removal solution.

Other honourees included the City of Summerside, Dalhousie University, and Carbon to Sea. The region’s cleantech momentum continues, supported by $72 million in 2024 ACOA funding. “Your innovative spirit is propelling the region’s cleantech growth,” said Foresight CEO Jeanette Jackson.

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

PolicyMe Raises $30M to Expand Digital Insurance

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Toronto-based digital insurance platform PolicyMe has raised $30 million in equity and debt financing to fuel national expansion and new product launches. Backed by Blue Cross Life and Securian Canada, the funding brings PolicyMe’s total capital raised to $51 million.

The firm has introduced health and dental insurance to support underinsured gig workers and powers white-labeled digital products for major partners. Since its 2022 Series A, PolicyMe has tripled its workforce, issued over $10 billion in coverage, and grown premium sales 5.5x. The company plans to invest in AI and infrastructure to streamline underwriting and digital access.

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

FireSwarm Partners to Tackle B.C. Wildfires with Drones

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In 2024, wildfires scorched one million hectares across British Columbia, prompting evacuations for over 15,000 properties. To combat this growing crisis, Squamish-based FireSwarm Solutions is developing AI-powered drone swarms for wildfire mitigation. This month, FireSwarm partnered with Strategic Natural Resource Group, the largest Indigenous-owned resource consultancy in Western Canada.

The collaboration aims to strengthen early attack capabilities, especially during remote and nighttime operations. “This is a generational leap in safety,” said Strategic CEO Domenico Iannidinardo. FireSwarm’s autonomous, heavy-lift drones could soon become a standard firefighting tool in hard-to-access zones.

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

Cohere Launches Multimodal AI for Enterprise Search

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Toronto-based AI company Cohere has launched Embed 4, a new multimodal search model capable of interpreting text, PDFs, graphs, and other visual formats across more than 100 languages. Designed for enterprise use, Embed 4 outperforms OpenAI’s top embedding model in multilingual tasks and excels in sectors like finance, healthcare, and manufacturing.

Cohere’s business-facing focus contrasts with consumer models, emphasizing real-world decision support over image generation. “Most businesses don’t need more pictures of cats,” said co-founder Nick Frosst. The model has been optimized for performance in languages such as Japanese, Arabic, and French.

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

Deepfake Scam Targets Mark Carney on Facebook

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Facebook is facing a surge of deepfake videos and fake news reports targeting Canadian political figures, including former Bank of Canada Governor Mark Carney. A network of over 25 accounts, many with Canadian-themed identities, has circulated ads linking to fraudulent articles featuring Carney, Elon Musk, and local news anchors.

The campaign emerges as Facebook continues to block legitimate news in Canada, creating a vacuum exploited by scammers. A digital literacy coalition reports that 25% of Canadians recently encountered misleading content imitating real news outlets. The incident raises growing concerns ahead of the federal election.

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