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Betakit

Betakit

Xanadu closes $100M Series C, quantum computing firm becomes Canada’s latest unicorn

November 09, 2022

Xanadu wants to bring the first commercially available quantum computers to market.

A&S alumna Hannah Brennen's startup, Sleepout, secures investment from Sleep Country

December 09, 2021

Major Canadian sleep retailer Sleep Country has signed an agreement to purchase a 25 percent stake in Sleepout, a Toronto-based startup specializing in portable blackout curtains. A spokesperson from Sleepout told BetaKit Sleep Country acquired the 25 percent stake for $500,000 CAD.

Enso Connect Inc. CEO Francois Gouelo (BSc) secures $2M CAD to tackle short-term rental market

November 10, 2021

Enso Connect CEO Francois Gouelo (BSc) secures $2 million CAD to tackle short-term rental market

Bolt Logistics CEO Mark Ag (BCom) secures $115M CAD to scale beyond Canada

November 08, 2021

Mark Ang (BCom), Co-Founder & CEO of Bolt Logistics secures C$115M to scale beyond Canada

Raquel Urtasun launches new self-driving startup Waabi with $100 million CAD from top investors

June 08, 2021

"Canadian artificial intelligence (AI) luminary Raquel Urtasun has moved on from Uber’s self-driving unit and launched her own company with the goal of disrupting the autonomous driving landscape."

Raquel Urtasun, Founder and CEO of Waabi is a professor in the Department of Computer Science at the University of Toronto.

Xanadu has secured $120 million CAD in a Series B round to build photonic quantum computer

May 27, 2021

Toronto quantum computing startup Xanadu has secured $120 million CAD ($100 million USD) in a Series B round led by Bessemer Venture Partners.

Christian Weedbrook, CEO of Xanadu was a postdoctoral researcher at the Department of Physics and a collaborator at the Centre for Entrepreneurship at the University of Toronto.

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