Mysa Buys Zen Ecosystems’ IP

St. John’s-based Mysa Smart Thermostats has bought the intellectual property of Zen Ecosystems, with plans to incorporate the Costa Mesa, Calif. startup’s offerings into its own product line and ramp up efforts to land commercial clients inside of a year.

Mysa said in a statement it will continue to support Zen’s existing customers. Before the deal, Mysa had four products, of which it has sold

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Trophi.ai Raises $3.3M

St. John’s-based trophi.ai has raised a $3.3 million seed round led by Halifax venture capital fund Build Ventures and plans to use the money to hire 10 to 15 people, with a test version of its product boasting a 10,000-person waitlist.

Chief Executive Mike Winter said in an interview that the company has enjoyed strong growth since it last raised capital in 2021. The new seed round, he added,

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Memorial Seeks Insight Business Consulting Applicants

Memorial University’s Research Innovation Office is accepting applications from startups for its Insight Business Consulting Program, which allows MBA students to consult for early-stage technology companies.

Funded by the Atlantic Canada Opportunities Agency and Killick Capital CEO Mark Dobbin, a Memorial alum, the Insight program pays master’s students $4,500 to consult for a startup for one

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IMV Enters Creditor Protection

Dartmouth drug discovery company IMV has entered creditor protection in Canada and is pursuing Chapter 15 bankruptcy protection in the U.S. months after the Nasdaq warned that its shares had dropped below the minimum price required to maintain a listing.

In Canada, IMV has filed for protection under the Companies’ Creditors Arrangement Act, or CCAA, which allows companies with more than $5

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