Halifax-based drug discovery company Appili Therapeutics has agreed to be acquired by Richmond, Virginia-based Aditxt for C$16.8 million in cash, stock and assumed debt, though the acquirer has to raise US$20 million to close the deal.

Last week, the two companies jointly announced the sale agreement, which is denominated in U.S. dollars and will pay Appili investors 4.7 US cents in cash plus

Pasadena, NL-based medtech company Swiftsure Innovations has received $149,000 in funding from the Newfoundland and Labrador government to help finance its second clinical trial at the Cleveland Clinic.

The provincial government’s Industry, Energy and Technology Department issued a press release on Thursday saying the money would complement a $210,000 commitment from the company for a total

Potential Motors, the Fredericton-based maker of control software for off-road vehicles, has now logged more than 3,000 hours of real-world testing of its systems, including the first round of customer trials under its deal with manufacturer CFMOTO Powersports.

In its latest quarterly report — published voluntarily, since Potential is privately held — the company says it is entering

Veteran cybersecurity executive Lee Weiner’s appointment as TrojAI CEO reflects what management sees as a chance for the Saint John startup to become a central player in the artificial intelligence ecosystem, Co-Founder James Stewart said Thursday.

In an interview, Stewart said key decision-makers in both government and the large, private enterprises that are core to TrojAI’s business are

TrojAI, the Saint John maker of security software for artificial intelligence systems, has raised US$5.75 million or C$7.77 million and appointed a new CEO, veteran cybersecurity executive Lee Weiner.

The deal was led by Seattle's Flying Fish Ventures, a returning investor that also co-led a C$3 million raise from 2022, with Techstars and Halifax’s Build Ventures similarly upping their existing

Technology sector industry group the Council of Canadian Innovators has opened a bureau in Halifax, complementing its offices in Quebec, Ontario, the Prairies and British Columbia.

Founded in 2015 and comprising executives from major technology companies, the council says its purpose is to liase with government and the private sector, with a particular eye towards supporting high-growth

Are you an Atlantic Canadian founder who has been meaning to fill out the Entrevestor survey? If so, there’s no better day than today to get around to it.

So many founders have told us they intend to fill out the survey, but then the reality of running a startup gets in the way and they forget. We understand, but would like to ask again for founders to take three or four minutes to fill it out.

California- and Halifax-based Frenter has signed a deal to incorporate its maintenance and analytics software for heavy equipment into Austin, Texas-based Boom and Bucket’s equipment rental marketplace.

The system will offer users estimates of equipments’ value based on its usage and maintenance history, tracked by Frenter, whose users in turn will be able to list their equipment on Boom and

Halifax reading game startup Shoelace Learning is aiming to leverage its traction in the United States to win more deals in Canada, as CEO Julia Rivard Dexter looks to consolidate on pandemic-era growth amid a saturated educational technology market.

Rivard Dexter said in an interview Thursday that Shoelace expanded rapidly during the lockdowns, as educators turned to digital solutions. With

Genesis, the Newfoundland and Labrador startup hub, will hold a pitch competition showcasing six companies from the latest cohort of its eight-week Evolution accelerator on April 9.

Chosen by Genesis out of the broader Evolution cohort, the seven companies in the Evolution Pitch Showcase will deliver four-minute presentations, followed by two-minute question and answer sessions, all of which