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Canadian Tech in 100 Words

Attabotics Files for Bankruptcy Protection After $200M Burn

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Calgary-based Attabotics has filed for bankruptcy protection after spending nearly $200 million in funding and laying off most of its workforce, multiple reports indicate. Founded in 2015, Attabotics developed robotic fulfillment systems inspired by ant colonies, aiming to transform warehouse operations for major retailers.

Despite backing from Export Development Canada and Ontario Teachers’ Pension Plan, the company reportedly burned through millions monthly. Documents circulated online show a June 30 filing under Canada’s Bankruptcy and Insolvency Act, with Richter Inc. named trustee. The filing has yet to appear in federal records. Attabotics has not publicly disclosed plans for restructuring.

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

    Xanadu, Mitsubishi Chemical Partner on Quantum Chip Research

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    Toronto-based Xanadu and Mitsubishi Chemical have announced a partnership to advance semiconductor fabrication using quantum computing. The collaboration will focus on simulating extreme ultraviolet (EUV) lithography, a critical process in producing advanced microchips. As chip features shrink, quantum effects complicate modeling, making conventional simulation techniques inadequate.

    Mitsubishi Chemical will contribute expertise in EUV photoresist materials, while Xanadu designs quantum algorithms to model light-matter interactions. “Using quantum computers to simulate EUV processes offers an exciting path forward,” said Xanadu’s Torin Stetina. The project aims to establish the first practical quantum computing application in semiconductor materials research.

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

    Kardium Secures $250M to Launch Groundbreaking Heart Device

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    Vancouver-based Kardium has closed a US$250 million financing round to advance the commercialization of its Globe System for atrial fibrillation treatment. The oversubscribed round included Janus Henderson Investors, Qatar Investment Authority, MMCAP, Piper Heartland Healthcare Capital, Eventide Asset Management, and Eckuity Capital.

    The Globe System features a 122-electrode array enabling rapid pulmonary vein isolation and high-resolution mapping in a single catheter. CEO Kevin Chaplin said the funding will expand manufacturing, support regulatory approvals, and build a commercial team ahead of launch later this year. Clinical data showed 78% freedom from arrhythmia at one year in paroxysmal AF patients.

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

    Deep Sky Completes World’s First Carbon Removal Centre

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    Canadian developer Deep Sky has completed construction of Deep Sky Alpha, the world’s first carbon removal innovation and commercialization centre. Located in Innisfail, Alberta, the $40 million project was built in less than 12 months—a pace CEO Alex Petre called “unprecedented.”

    Supported by Breakthrough Energy Catalyst, the facility will deploy up to 10 direct air capture systems, targeting 3,000 tonnes of CO2 removal annually. Early buyers include Microsoft and RBC. Engineering was led by BBA, with construction creating over 110 jobs. Commissioning has begun, with commercial operations expected this summer. The site positions Alberta as a carbon removal hub.

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

    Mogo Commits $50M to Strategic Bitcoin Reserve

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    Vancouver-based fintech Mogo has allocated $50 million to establish a long-term Bitcoin reserve. The move, announced Monday, aligns with Mogo’s strategy of capital preservation and innovation. Rather than purchasing all at once, Mogo plans staged investments while maintaining operating liquidity.

    Cofounder Greg Feller described the reserve as a strategic benchmark for evaluating future investments. “If we don’t believe an initiative can outperform Bitcoin’s long-term return profile, we won’t pursue it,” Feller said. Mogo first added Bitcoin to its balance sheet in 2020 and was an early shareholder in WonderFi, recently acquired by Robinhood in a $250 million transaction.

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

    Rogers Marks 40 Years Since First Wireless Call

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    Rogers is celebrating the 40th anniversary of Canada’s first wireless call, made on July 1, 1985, when Toronto Mayor Art Eggleton used a 10-pound mobile phone to reach Montreal Mayor Jean Drapeau at Nathan Phillips Square. The milestone launched a wireless era that has transformed daily life. Since then, Rogers has invested $45 billion to evolve from 1G voice to today’s 5G+ networks.

    Canadians now make 100 million calls and use 6.5 billion megabytes of data daily on Rogers’ network. CEO Tony Staffieri called the moment a testament to Rogers’ legacy of innovation.

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

    Clio Acquires vLex in $1B Legal Tech Deal

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    Vancouver’s Clio has announced a $1 billion acquisition of vLex, a global leader in legal intelligence and AI research. The transaction, combining cash and stock, is the largest in Clio’s 17-year history. CEO Jack Newton called it a “watershed moment,” positioning Clio to unify legal practice management with advanced research tools.

    vLex’s AI platform, Vincent, is trusted by Am Law 100 firms and courts worldwide for its accuracy and vast legal content. Clio plans to integrate Vincent with its legal operating system to create a single intelligent platform. The deal is expected to close later this year pending approvals.

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

    Sustane Signs BASF Deal for Recycled Plastics Supply

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    Nova Scotia’s Sustane Technologies has inked a long-term offtake agreement with BASF to supply recycled plastic feedstock from its Chester facility. The deal will see BASF purchase pyrolysis oil produced from hard-to-recycle plastics, supporting its Ccycled® product line. Sustane’s proprietary process converts waste plastics into virgin-quality inputs with lower carbon intensity.

    The agreement covers current output and a planned expansion that will triple capacity. “This partnership affirms our Canadian innovation globally,” said Sustane CEO Peter Vinall. The companies also plan to explore additional sites, positioning Canada as a leader in clean technology and circular materials solutions.

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

    Canada Rescinds Tech Tax, Trade Talks Restart with U.S.

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    Canadian Prime Minister Mark Carney announced Sunday that Canada will rescind its planned digital services tax on U.S. technology firms, paving the way for trade talks with the United States to resume. U.S. President Donald Trump had suspended discussions Friday, calling the tax “a direct and blatant attack.”

    The tax, scheduled to take effect Monday, targeted revenues from online services operating in Canada. Carney and Trump spoke by phone and agreed to restart negotiations toward a July 21 deadline set during the recent G7 summit in Alberta. The move aims to defuse tensions and restore momentum in bilateral trade discussions.

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

    Xatoms Raises $3M to Advance Solar Water Tech

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    Toronto-based cleantech startup Xatoms has raised $3 million in pre-seed funding to scale its solar-powered water purification technology. The round included $2 million in venture capital led by Quantacet and $1 million in non-dilutive funding. Founded in 2024, Xatoms uses AI and quantum chemistry to develop materials that remove contaminants using sunlight or LEDs.

    CEO Diana Virgovicova said the funds will support pilot programs and expansion into underserved communities. Backers include Genesis Ventures, BDC’s Thrive Lab, and League of Innovators. The technology has applications in Indigenous communities, industrial sites, and remote regions where clean water access remains limited.

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