Charlottetown-based PayTic, whose product streamlines the back-office operations of payment companies, has raised $2.95 million in its initial funding round.

The company, which had previously been in stealth mode, issued its first press release on

Halifax-based advanced materials startup Nova Graphene has bagged a pair of defence contracts to develop graphene-based materials for protecting helicopter rotors from sand, ice and water damage.

Founded in 2017, Nova Graphene’s flagship offering

Fredericton’s Picketa Systems, which makes fertilizer analysis technology for the agriculture industry, has raised a $300,000 round of angel funding that gives the company about a year of runway.

Chief Executive Xavier Hébert-Couturier said in an

Halifax equipment rental platform Frenter  has closed the $350,000 second tranche of a two-part funding round worth a combined $620,000.

Frenter raised on the back of monthly revenues well into the four digits, CEO Zach Laberge said in an

The Nova Scotia Innovation Hub will host a bioeconomy summit at Saint Mary’s University’s Sobey School of Business May 19, marking one of the first forays back into real-world events for the life sciences community after COVID-19.

The summit will

St. John’s-based Cyno, which has developed a healthcare platform for corporations, has raised a $2.3 million seed round led by the Venture NL fund, which is managed by Pelorus Venture Capital, along with a handful of angel investors and industry

Mitacs is eyeing a potential funding increase from the Nova Scotia government as it plans to nearly double the number of STEM internships it offers in the province over the next four or five years.

New Brunswick, Prince Edward Island and

Earthproof Proteins, the Halifax maker of protein supplements derived from sources with low environmental impact, has been acquired by PS Brands, the investment vehicle of entrepreneurs Pat Murphy and Scott Berty.

Earthproof was founded in 2019 by

Halifax startup hub Volta has announced the 10 finalists in its latest Volta Cohort pitch competition, slated for May 25 with up to $25,000 of prize money for winners.

Volta started holding its Cohort events four years ago and the upcoming event

The New Brunswick Innovation Foundation has announced a new artificial intelligence conference, dubbed R3: Accelerating AI Innovation, for June 23 in Moncton.

Slated to last a full day and be held at the Delta Hotels Beausejour, the conference will

Fredericton cybersecurity startup Gray Wolf Analytics has inked a “strategic partnership” agreement with blockchain service company SmartLedger. The deal will include some integration of the two companies' product offerings, as well as SmartLedger

Aerial Vehicle Safety Solutions, the Rothesay, NB, maker of safety equipment for drones, says it has finished a $1.1 million federal testing contract with flying colours and is about to start pursuing a larger government sale.

The original deal was