Berlin-based startup Vay Technology GmbH  (“Vay”), which enables remote-controlled delivery of rental cars to customers, has secured a major investment from Singaporean tech giant Grab Holdings Limited  (“Grab”): US$60 million  upfront, with up to US$350 million in additional funding tied to performance milestones. Vay’s model pairs remote human “teledrivers” with rental fleets. Cars are delivered to customers via remote driving, after which the user takes the wheel for the t

Terranova Inc. (“Terranova”), a new startup, is developing an alternative solution for cities at risk of flooding.  The company is building robots that will inject a slurry of wood waste into the ground, slowly lifting the land to correct historical subsidence and previously repaired ground movement, aimed at preventing those parts of the city from flooding in the future. With rising sea levels threatening cities worldwide, more than 300 million people are at risk of routine

OpenAI has signed a seven-year, US$38 billion cloud agreement with Amazon Web Services (“AWS”), gaining access to hundreds of thousands of Nvidia GPUs to train and run future models. This shift comes after regulators in California and Delaware approved OpenAI’s governance overhaul, giving the company greater operational and financing flexibility while maintaining nonprofit oversight. “OpenAI will begin using Amazon Web Services immediately, with all planned capacity set to co

In late October, Apple Inc. (“Apple”) became only the third company in history to reach a market capitalization of US$4 trillion, joining Nvidia Corporation (“Nvidia”) and Microsoft Corporation, which both surpassed the milestone in July 2025. Despite trailing its peers in the artificial intelligence (“AI”) sector, Apple’s latest iPhone launch helped propel the stock past this historic threshold. Earlier in the year, amid concerns of U.S. tariffs and Chinese competition, Appl

Halifax-based medical device company ABK Biomedical, Inc. (“ABK Biomedical”) has raised US$35M in Series D financing to support the commercialization of its innovative liver cancer treatment. Founded at Dalhousie University in 2012, ABK Biomedical specializes in the research, development and commercialization of medical device therapies designed to improve treatment outcomes and the lives of patients with benign and malignant hypervascular tumours. Dr. Daniel Boyd and Dr. Sh

In early October, Toronto-based 1Password , a platform that helps individuals and businesses securely manage digital identities, announced a new partnership and completed a major secondary sale, marking a significant step in the company’s ongoing growth. 1Password has teamed up with Browserbase , a cloud-based platform for AI agents that use web browsers without graphical interfaces, to tackle one of the most pressing challenges in the AI pipeline: secure authentication. Thei