News

Growing out of research at U of T, StarSpec is contributing to the 2025 NASA project by providing the suborbital research vessel that houses and controls the mission’s telescope, which will be deployed some 40 kilometres above the Earth’s surface after the balloon is launched from a volcanic island in ...

Raquel Urtasun, a U of T professor of computer science and world-leading expert in machine learning and computer vision, has launched her own Toronto-based, self-driving vehicle company with more than $100 million in funding.

Three months after becoming the largest satellite operator in Canada, U of T space tech startup Kepler Communications has secured $72.6 million CAD ($60 million USD) in Series B financing.

Toronto-based former senior Uber Technologies Inc. executive and renowned artificial intelligence researcher Raquel Urtasun launched her self-driving startup Waabi from stealth mode on Tuesday with an US$83.5-million Series A funding round. Urtasun, a professor in the University of Toronto’s computer science department and a co-founder of the Vector Institute for AI, ...

Founded by three U of T alumni, startup BioBox Analytics has publicly launched its platform, which aims to help researchers derive insights from genomic data.

U of T startup Xanadu has secured $120 million CAD ($100 million USD) in a Series B round led by Bessemer Venture Partners.

Powering the likes of Zoom, Facebook, and Square, U of T startup Ada has seen a record year of growth amid COVID-19.

U of T sustainable fashion startup ALT TEX has raised a $1.5 million CAD pre-seed round of funding. The round was co-led by Garage Capital and Amplify Capital, with participation from Globalive Capital, Panache Ventures, Ramen Ventures, Spacecadet Ventures, and Presstar. Astronaut Chris Hadfield also invested in the round, as did University ...

South Korean internet company Naver Corp. has officially acquired U of T startup Wattpad for more than $754 million CAD ($600 million USD). With the deal now closed, Toronto-based Wattpad has become a Naver brand alongside WEBTOON, a global leader in webcomics that Wattpad will work closely with moving forward. Wattpad’s ...

Founded by U of T alumnus, Mike Murchison, Toronto artificial intelligence (AI)-powered customer support software startup Ada has raised $130 million USD in Series C financing at a reported valuation of $1.2 billion.