recent news
Cape Privacy Raises US$20M
Cape Privacy, which provides machine learning solutions for encrypted data, has raised US$20 million (C$25 million) to help develop its platform and find more clients in financial services and other markets.
The broadly subscribed funding round was
Breakthru Newcomer Seeks Applicants
Planet Hatch and the New Brunswick Innovation Foundation have opened applications for the Breakthru-Newcomer competition for startups founded by recent immigrants and international students.
The competition will comprise two streams – newcomer
Millennia Tea Selling Across Canada
Millennia Tea has expanded its relationship with Sobeys so its frozen tea product, which is rich in antioxidants, is now available in the supermarket chain’s outlets across the country.
The Saint John company began selling in 10 Sobeys stores in
TechImpact Expands IT Upgrade Program
TechImpact is expanding its Digital Boost program, which helps New Brunswick companies upgrade their digital capabilities so they can compete more effectively.
The information technology association, which is based in New Brunswick, announced last
CarbonCure Wins Carbon XPRIZE
Halifax’s CarbonCure Technologies is a co-winner of the US$20 million NRG COSIA Carbon XPRIZE, a five-year competition to find the world’s best products that use carbon dioxide.
As one of two winners, CarbonCure will receive a prize of US$7.5
S2G Backs ReelData with $2.5M
Halifax-based ReelData has closed a $2.5 million funding round provided by S2G Ventures' Ocean and Seafood Fund, which will help it scale its artificial intelligence product for land-based aquaculture.
Land-based aquaculture is an embryonic form of
Two NB Execs Make Canada’s Clean50
Amit Virmani, Founder and CEO of Fredericton-based Naveco Power, along with Ryan Mitchell, Vice-President and CDO of Saint John Energy, have made Canada’s Clean50 leaders for 2021.
The Clean50 awards are announced annually by Delta Management Group
Halifax Opening Living Lab for Ports
The Halifax Port Authority is boosting the region’s growing oceans ecosystem with its Living Lab, designed to be a global centre for collaboration on maritime innovation, especially as it pertains to the port industry.
The PIER (Port Innovation,
ACOA Lends DeNova $250K
The Atlantic Canada Opportunities Agency has lent Halifax-based DeNova $250,000 to help develop its technology, which converts greenhouse gases into a protein that can be used as feed in farms and aquaculture.
ACOA announced the loan, made through
CDL Mourns Shimrit Perkol-Finkel
The current cohort of Creative Destructive Lab Oceans Stream has established a scholarship in the memory of Dr. Shimrit Perkol-Finkel, Co-Founder and CEO of ECOncrete, who died March 7.
ECOncrete, an Israeli company, was one of the international
Good, Bad News in Macro-Economy
Writing the 2020 edition of our Atlantic Canada Startup Data Report, I’ve noticed a few external factors that could impact the community – some good, some bad.
By external factors, I mean economic forces that are outside the conventional startup
Milk Moovement Closes $4M Round
Milk Moovement, which is dedicated to improving efficiency in the dairy supply chain, has closed a $4 million equity funding round and attracted investment from a member of the first family of U.S. agriculture.
The round was led by Chattanooga,