News

News
  • Hamilton company makes Narwhal List

    January 22, 2018 Hamilton’s Fusion Pharmaceuticals made the Narwhal List of Canada’s 50 most financially attractive private tech companies. The healthcare company — founded in 2014 — is a spinout of the Centre for Probe Development and Commercialization. The list includes Fusion Pharameceuticals’ “financial velocity” — the amount of funding the firm has raised divided ... Read more
  • New cancer immunotherapy gets a US$62-million boost thanks to U of T antibody engineering technology

    January 18, 2018 A new therapy that enhances the body’s ability to fight cancer has received a US$62-million boost thanks to the University of Toronto’s antibody engineering technology. Called Myeloid Tuning, the therapy is designed to boost the body’s anti-tumour immunity by removing the cells that normally put brakes on the immune system using ... Read more
  • Story-sharing startup founded by U of T alumni raises $US51 million in funding

    January 17, 2018 The crowdsourced entertainment startup Wattpad, co-founded by two University of Toronto alumni, has secured a US$51 million round of financing that it says will be used to invest in machine learning and new forms of interactive storytelling. The funding round, announced Wednesday, was led by Chinese internet giant Tencent Holdings and values ... Read more
  • (Not) as seen on TV: Why one U of T entrepreneur balked at a Dragon’s Den deal in favour of ‘organic’ expansion

    January 16, 2018 Noureddin Chahrour’s successful 2015 appearance on CBC’s Dragon’s Den was a key turning point for his research-based startup Adrenalease Posture Apparel – but not in the way you might think. Chahrour, a University of Toronto alumnus, agreed on-air to hand over 30 per cent of Adrenalease, which makes posture-enhancing garments, ... Read more
  • BlueRock Therapeutics and Hootsuite Top the 2018 Narwhal List

    January 16, 2018  The U.S. may have unicorns to describe their most valuable companies, but Canada has another horned animal to associate their own with, and this one is far less mythical. The Impact Centre’s second annual Narwhal List has been released, detailing some of Canada’s most financially attractive private tech and healthcare companies. ... Read more
  • Ottawa’s ‘financially attractive’ Turnstone Biologics, Ranovus named to Narwhal list

    January 16, 2018 Two of Ottawa’s own are among the 50 most financially attractive firms in the country – a list of private companies dubbed “narwhals” by an independent research institute. Cancer-fighter Turnstone Biologics took seventh spot overall on the list, while Kanata hardware startup Ranovus ranked 25th on a separate list of top ... Read more
  • TD Bank embraces AI future with purchase of startup built by U of T alumni

    January 10, 2018 One of Canada’s biggest banks has purchased a promising artificial intelligence, or AI, startup that was co-founded by two U of T alumni and a local lawyer and entrepreneur – further evidence of how big corporations are eager to scoop up the country’s top AI talent. TD Bank said this week that ... Read more
  • TD adds to tech capabilities with $100-million deal for AI firm Layer 6

    January 10, 2018 Please visit the Globe and Mail website to read this article. Read more
  • TD acquires Toronto-based AI startup Layer 6

    January 9, 2018 Toronto-Dominion Bank is acquiring artificial intelligence startup Layer 6 AI for an undisclosed amount as financial services companies increasingly look to tap the technology’s potential. Canada’s largest bank by assets has been looking to build up its capabilities in AI for some time, said Michael Rhodes, group head of innovation, technology ... Read more
  • TD acquires Layer 6 in Canadian AI talent grab

    January 9, 2018 TD Bank Group has acquired Toronto-based Layer 6 in an effort to boost its own AI capabilities. Terms of the deal weren’t disclosed, but The Globe and Mail reports that they were bought for $100 million. Launched in 2016, Layer 6 works with enterprises in finance, media, and ecommerce. The company’s prediction ... Read more