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.
Xatoms recently announced the completion of C$3 million in pre-seed funding (C$2 million in equity and C$1 million in non-dilutive grants) to begin commercializing its technology for both industrial…
The Alberta-based startup NiaHealth has secured C$5.75 million in seed funding to support its mission of transforming long-term health management for Canadians. The company is attempting to position…
The Canada Growth Fund (“CGF”) has announced a C$89 million investment in Calgary-based Eavor Technologies (“Eavor”), a global leader in closed-loop geothermal energy. An additional C$48 million may…
Alta Daily (“Alta”), founded by Jenny Wang, is an innovative startup that is transforming how artificial intelligence can assist users with personal styling. Shortly after launching the company, Wang…
Web Summit is a growing international technology conference that has rapidly become “one of the world’s biggest and best”. As the predecessor to Toronto’s highly-successful Collision conference, Web…
Microsoft recently announced a US$400 million investment in its Swiss data centres to develop cloud computing and AI infrastructure in the country. The money will be used to expand and upgrade four of…
