Multiverse Computing completes a 1.5 million euro funding round

Multiverse Computing has just closed a 1,5 million euro funding round to finance its growth and internationalization process. This startup, with offices in Donostia and Toronto, specializes in quantum algorithmic solutions for the financial industry and already collaborates with some leading financial institutions. The capital increase has been subscribed by the venture capital fund Quantonation, Seed Gipuzkoa, EASO VENTURES S.C.R., Mondragon Promotion Fund FCR and Penja Strategy, a society from promoting companies, in which a private investor Pedro Luis Uriarte, has the majority.

ECE spinoff LegUp Computing acquired by Microchip

LegUp Computing Inc., a startup with origins in ECE, has been acquired by Microchip Technology Inc.

Leveraging technology originally developed at the labs of Professors Jason Anderson and Stephen Brown, LegUp Computing was co-founded in 2015 by Professor Anderson, Dr. Andrew Canis (CompE PhD 1T5), Dr. Jongsok Choi (CompE MASc 1T2, PhD 1T6), and Ruolong Lian (ElecE BASc 1T3, CompE MASc 1T6) from The Edward S. Rogers Sr. Department of Electrical & Computer Engineering (ECE).

Universities, student researchers team up to fight COVID-19

At the University of Toronto, Keith Pardee, an assistant professor in the Leslie Dan Faculty of Pharmacy, along with postdoctoral fellows Masoud Norouzi and Margot Karlikow, is tweaking a technology with origins in a prior public-health scare: 2016′s Zika outbreaks. Several years ago, Prof. Pardee and collaborators at other institutions developed a “lab in a box,” designed to test for Zika rapidly and in communities without access to more sophisticated testing equipment. The technology was deployed in Brazil, Ecuador and Colombia.

Satish Kanwar, Shopify VP and U of T alumnus, on the importance of innovative thinking during a pandemic

Shortly after graduating from the University of Toronto Scarborough in 2009, Kanwar co-founded user experience agency Jet Cooper, which was eventually acquired by Shopify, the Ottawa-based e-commerce giant that helps businesses sell their products online. He is now Shopify’s general manager and vice-president of product, leading a team of hundreds of people in several cities.

‘Our very first biotech win’: How U of T’s discovery of insulin made it a research and innovation powerhouse

For nearly four decades, Patricia Brubaker has been investigating the biological activities of anti-diabetic gut hormones secreted by the intestine.

Her work is focused on the fundamental biology of the hormones and has contributed to development of drugs for the treatment of patients with Type 2 diabetes. The drugs work by stimulating the secretion of insulin, helping to lower blood sugar levels and reducing appetite, among other effects.

ACTO acquires CoHealth to open new frontier in patient education

ACTO, the Omnichannel Education and Engagement platform for life sciences, today announced its acquisition of CoHealth, a mobile application that provides trusted resources for patients and caregivers. The deal is ACTO’s second strategic acquisition since securing $11.5 million this summer, and brings a new division with direct-to-patient education capabilities to ACTO’s SaaS platform.

Lo Family Social Venture Fund gives 14 startups a boost

Eco-friendly textiles. 3D-printed smart soil. Portable, rapid testing for COVID-19. These are just three of the 14 promising, solutions-based social venture projects that received funding from the new Lo Family Social Venture Fund this fall. The fund, established earlier this year, helps U of T students and recent graduates take their social enterprises to the next level, providing support for student-driven ventures that will positively impact the global community.

Microchip acquires high-level synthesis tool provider LegUp to simplify development of PolarFire® FPGA-based Edge Compute Solutions

Microchip Technology Inc. (Nasdaq: MCHP) today announced it acquired Toronto-based LegUp Computing Inc., expanding its Field-Programmable Gate Array (FPGA)-based edge compute solution stack with a high-level synthesis (HLS) tool. Commercialized from University of Toronto research, the LegUp HLS tool will make it easier for a larger community of software engineers to harness the algorithm-accelerating power of Microchip’s PolarFire FPGA and PolarFire System on Chip (SoC) platforms.