ReelData, an artificial intelligence startup based in Halifax, recently raised $10.6 million in a Series A funding round. The funding was led by Chicago-based Buoyant Ventures as well as agriculture-focused investors including S2G Ventures and The Nest Family Office.
ReelData was founded in 2018 by Mathew Zimola and Hossein Salimian with the goal of solving issues around food production by supporting land-based aquaculture. The company’s first product, ReelAppetite, can identify fish population appetite and adjust feed levels based on that tracking. This allows farmers to save millions of dollars annually by reducing wasted feed, according to the company.
ReelData intends to launch another product, ReelBiomass, which tracks the size and weight of fish populations. This new funding round will allow the company to develop a precise and autonomous operating system.
General Fusion, a Canadian startup, secured US$22 million (C$30 million) in financing to fuel its plans to produce commercially viable fusion power.The round was a “pay-to-play” deal in which existing…
On August 20th, Ranovus announced a C$100 million investment to develop and manufacture semiconductors at its Ottawa facility, expanding Ontario’s chip manufacturing capacity. In recent years, the…
Klarna is preparing for its long-awaited initial public offering, which has been approved to list on the New York Stock Exchange under the ticker symbol “KLAR.” Widely known as a buy now, pay later…
Toronto-based startup Waabi is shifting gears from research and development to commercialization, as founder Raquel Urtasun aims to bring autonomous trucking to market by the end of 2025.Waabi’s…
Garage, an online marketplace for emergency vehicles and equipment used by fire and EMS departments, announced a US$13.5 million Series A funding round led by Infinity Ventures. The round also…
Bluesky, a social network competitor of X, Threads and other open networks including Mastodon, is revisiting its community guidelines and other user policies to provide more clarity around user safety…
