Ontario Innovation

An official account of the Ontario Ministry of Economic Development, Job Creation and Trade. Terms of use: En français : @ontinnove

[Ontario Economy @ONeconomy]

[1/2] 1 week left to apply!

The Critical Technology Initiatives (CTI) is calling on Ontario’s not‑for‑profit innovators to apply and help accelerate the development, adoption, and commercialization of critical technologies.

[Ontario Economy @ONeconomy]

[1/2] Ontario is boosting innovation through the Critical Technology Initiatives (CTI), and calling on not‑for‑profit organizations to lead the charge.

[Ontario Economy @ONeconomy]

[1/2] The Critical Technology Initiatives (CTI) is now accepting applications from Ontario-based not‑for‑profits supporting the development, adoption, and commercialization of critical technologies in key sectors.

[Ontario Economy @ONeconomy]

[1/2] Through the Critical Technology Initiatives (CTI), Ontario is accelerating innovation.

If your organization helps SMEs develop, commercialize, or adopt critical technologies in key sectors, this is your chance to make a province‑wide impact.

[Ontario Innovation @OntInnovation]

Toronto’s FinTech firm @Wealthsimple has been recognized for its “transformative impact” on Canadian financial services in 2025.

[BetaKit @BetaKit]

.@ElevateTechCA CEO @LisaZarzeczny said @Wealthsimple was chosen partly for its commitment to bringing sophisticated financial tools to the masses through technology.

https://t.co/3CW6FCaYZy

[Ontario Innovation @OntInnovation]

Toronto AI company @Cohere has reached $325M CAD in annual recurring revenue, surpassing its targets.

[BetaKit @BetaKit]

.@Cohere reportedly soars past revenue target with $240-million USD in annual recurring revenue. #CDNtech
https://t.co/DCzX7ozREO

[Ontario Innovation @OntInnovation]

Toronto’s healthtech company ‘Science&Humans’ secures $10M CAD in funding. The company provides software that gives people digital access to personalized treatment for hormone health imbalances.

[BetaKit @BetaKit]

After seven years of bootstrapping, telemedicine platform Science&Humans has turned to #VC, raising $10 million as patients increasingly seek treatment for things like weight management, hair growth, and sexual health.

https://t.co/wEcnSsuJWs

[Ontario Innovation @OntInnovation]

Toronto’s @portageinvest raises $389M CAD to oversee fintech assets of US VC firm @p72vc in $389M CAD continuation vehicle.

[BetaKit @BetaKit]

.@portageinvest is expanding its investment strategy with an agreement to oversee the #FinTech assets of American #VC firm @p72vc, which is backed by @GoldmanSachs and @StevenACohen2.

https://t.co/v1ZtnUnciu

[Ontario Innovation @OntInnovation]

Toronto-based @KeplerComms has become the first company in the world to launch a low‑earth orbit satellite system on an optical relay network.

[BetaKit @BetaKit]

With the successful launch, @KeplerComms is now the first company in the world to deploy a low-earth orbit satellite system based on an optical relay network, beating out similar projects from big names like @amazon and @Starlink.

https://t.co/4TrpOC8WEt

[Ontario Innovation @OntInnovation]

Toronto’s @CyclicMaterials secured $103M CAD to scale rare earth recycling across US, EU, expand R&D in Canada, with sourced inputs for AI, defense, robotics, EVs, manufacturing.

[BetaKit @BetaKit]

Cleantech company Cyclic Materials has closed a $75 million USD Series C round, to fund its recycling of rare earth elements. https://t.co/nFzysFLWGv

[Ontario Innovation @OntInnovation]

Toronto-based @Waabi_ai raises $1.02B CAD, largest Canadian tech raise, advancing autonomous trucking & entering robotaxis market.

[BetaKit @BetaKit]

Years after leaving @Uber, @RaquelUrtasun is once again developing robo-taxis with the ride-hailing giant, after the largest funding round in #CDNTech history.

“Self-driving is happening,” the @Waabi_ai founder told us. “The technology is ready now."

https://t.co/P7aEGQL1r9

[Ontario Innovation @OntInnovation]

TO’s @1Password hit $400M USD annual recurring revenue.

[BetaKit @BetaKit]

.@1Password CEO David Faugno says the company "could be public today."

The cybersecurity software company passed $400 million USD in ARR this year after a significant executive shakeup, and is now prepping for its #AI era (and perhaps a potential IPO?)

https://t.co/bPQrZz6Tbf

[Ontario Innovation @OntInnovation]

Ottawa’s @augmentt_com secures $18M to enhance cybersecurity tools for managed service providers.

[BetaKit @BetaKit]

.@augmentt_com, co-founded by former @Nable leaders @derikbelair and Gavin Garbutt, has closed an $18M Series A round. The #SaaS company specializes in security automation for managed service providers.

https://t.co/2WiUc5FN3c

[Ontario Innovation @OntInnovation]

TO’s myAbode acquired @firstlistco, integrates exclusive realtor listing tools and explores AI-driven solutions.

[BetaKit @BetaKit]

Real estate tech platform myAbode has acquired @firstlistco, a listing tool for real estate agents and is adding the Toronto firm’s co-founders Derek Hooper and @andrewpaliga to its executive team. https://t.co/HkBaGkmYVW

[Ontario Innovation @OntInnovation]

Canada backs TO’ quantum leader @XanaduAI with up to $23M to build a fault-tolerant quantum computer.

[BetaKit @BetaKit]

The feds will give 4 Canadian quantum firms—@XanaduAI, Nord Quantique, Photonic, and @anyonsys up to $23 million each as part of a new program meant to keep the companies in Canada.

Stay tuned to BetaKit for more from this developing story.

https://t.co/LproFBdGhw

[Ontario Innovation @OntInnovation]

Toronto’s @cybrid_xyz closes $10M USD Series A round to bring stablecoins to the business mainstream.

[BetaKit @BetaKit]

Toronto-based payments startup Cybrid has raised a $10-million USD Series A round to bring its stablecoin payment infrastructure to more enterprise clients, including Canada’s financial institutions.

https://t.co/URtql8o4RK

[Ontario Innovation @OntInnovation]

Toronto’s @transcrypts_,founded at @UTSC, raises $20M to expand blockchain record verification in Toronto.

[BetaKit @BetaKit]

🚨 Funding news: Canadian-founded blockchain startup @transcrypts_ has raised ~$20 million CAD in seed funding.

📊 Today:
• 4M+ users
• 450+ enterprise customers
• HIPAA-certified in the U.S.

https://t.co/TUjxVtBgGS

[Ontario Innovation @OntInnovation]

Toronto’s @Wealthsimple doubles valuation to $10B with a $750M raise, led by Dragoneer, GIC, CPP.

[BetaKit @BetaKit]

Toronto #FinTech firm @Wealthsimple hits $10-billion valuation in new round backed by Dragoneer, GIC, @cppinvestments. #CDNtech https://t.co/bFgfgkzpsl

[Ontario Innovation @OntInnovation]

Toronto’s @radicalvcfund, known for backing Cohere and Waabi, closed +$900M fund to invest in early-stage AI.

[The Globe and Mail @globeandmail]

Radical Ventures closes $650-million early-stage AI fund https://t.co/vQXHJPg7U2

[Ontario Innovation @OntInnovation]

.@ip_ontario released a free online IP Toolkit to help Ontario entrepreneurs and researchers better understand and use IP.

[Intellectual Property Ontario @ip_ontario]

NEWS RELEASE: Ontario launches free IP education tools to help businesses innovate and grow

We have launched a practical online platform designed to help Ontario-based entrepreneurs and researchers better understand and use #IP to achieve their business goals. Freely available to innovators across the province.

Learn more: https://t.co/UTlVeYrcVO