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Founders of U of T startup Blue J Legal discuss how artificial intelligence can address bias in the legal sector

Artificial intelligence (AI) has the potential to help every sector of the economy. There is a challenge, though, in sectors that have fuzzier analysis and the potential to train with data that can continue human biases. A couple of years ago, I described the problem with bias in an article about machine learning (ML) applied … Read More

U of T spinoff among 10 winners of Canadian clean energy innovation competition

CERT Systems Inc., a company spun out of the University of Toronto’s Faculty of Applied Science & Engineering, has received support from Breakthrough Energy Solutions Canada to advance an innovative system that transforms carbon dioxide into valuable products. The company builds on research from two U of T Engineering lab groups, led by Professor David … Read More

A Toronto startup with roots at U of T hopes to catch the next big wave in computing

For decades, quantum computing research largely happened in university laboratories, where the field’s tremendous theoretical potential contrasted with the reality of slow, incremental progress. Today, though, startups and established tech companies are helping to drive advances in the field, bringing quantum computing into the mainstream.

Toronto fintech digit expanding to the U.S. after passing $50 billion in assets

Toronto fintech digit has kept a low profile since rolling out its product a year ago. The company, pronounced “digit,” provides an all-in-one software solution giving financial advisers more granular data, which is being used by some of Canada’s wealthiest family offices and investment firms.

U of T’s Deep Genomics secures $40 million in financing for AI drug development platform

Deep Genomics, an artificial intelligence-powered drug discovery start-up co-founded by the University of Toronto’s Brendan Frey, recently raised $40 million in Series B funding, Betakit reports. The latest round, led by Future Ventures and including investments from Amplitude Ventures, Khosla Ventures, Magnetic Ventures and True Ventures, brings the startup’s total funding to date to $61 … Read More

Deep Genomics raises $40 million in Series B financing

TORONTO — Deep Genomics, the leading artificial intelligence (AI) therapeutics company, announced today the closing of its Series B round with $40 million in new investment. The proceeds from this financing will be used to develop new treatments for rare genetic diseases, and to expand the company’s proprietary AI discovery platform to support the discovery … Read More

U of T alumna uses therapeutic qualities of horses to build entrepreneurs’ confidence

It all started with what Carolyn Creed, an alumna of the University of Toronto, refers to as her “shakening.” “Life taps you on the shoulder, and when you’re not listening, it just shakes you,” says Creed, a former Woodsworth College student who studied fine art in the department of art history in the Faculty of Arts & … Read More

A pager-free zone: U of T startup Hypercare aims to bring hospitals into the 21st century

The first thing you see when you go to the website of Hypercare, the startup co-founded by University of Toronto alumnus Albert Tai, is its sales pitch to health-care administrators: “No more pagers. No more phone tag.” Tai says people who don’t work in the health-care sector are often stunned to find out that the old-fashioned pager remains ubiquitous in … Read More

Creative Destruction Lab expands to Georgia Tech

The Creative Destruction Lab (CDL) is continuing its international expansion with a new location in Atlanta. The seed-stage accelerator, founded at the University of Toronto’s Rotman School of Management, said today that its latest location will be launched in collaboration with the Georgia Institute of Technology, widely known as Georgia Tech. CDL-Atlanta, as the program … Read More

Plastics alternative startup Ecopackers raises $4.3 million

Entrepreneur Nuha Siddiqui pitched her compostable replacement to plastics to her first venture capital investor in 2018 while snacking on a bowl of packing peanuts – foam nuggets used in packaging to prevent damage. “When people didn’t believe that it was 100 per cent compostable, I would eat the product,” Ms. Siddiqui said. “People were … Read More