Toronto-based software provider Nulogy has raised $20 million in a recent funding round. The funding was led by Export Development Canada (EDC) and supplemented by an unnamed Canadian bank which provided incremental working capital. Nulogy and EDC also entered a strategic partnership in connection with this funding, whereby EDC will support Nulogy in a variety of ways, including trade knowledge and global networks.
Nulogy’s mission is to bring transparency and visibility into the supply chain by allowing suppliers, manufacturers, and distributors to collaborate on one platform. Nulogy’s platform allows these companies to work together and adapt to changing conditions, cut costs, and increase the efficiency of their supply chain operations.
With over 100 companies using its platform across more than 20 countries, Nulogy plans to use this funding to accelerate the growth of its platform.
The development of robotaxis from companies such as Waymo LLC and Zoox, Inc. has sparked broader conversations about how autonomous vehicles will integrate into everyday life. For this integration to…
The Business Development Bank of Canada (“BDC”) has indicated it may ease restrictions that have historically limited venture capital funds it backs from investing in defence-related technologies…
Toothpod, a Toronto-based startup, has launched a portable, chewable tablet that anyone can use to clean their teeth. The company was co-founded by Vishar Yaghoubian, an emerging entrepreneurial star…
Cohere Inc. (“Cohere”), a Toronto company focused on developing enterprise AI, announced its partnership with Thales Canada Inc. (“Thales”). Thales is a leader in advanced defence and digital…
The federal government’s newly announced C$358 million initiative to strengthen Canada’s defence supply chain represents a decisive step toward fortifying the country’s sovereign and military…
Scientists have detected what they believe are crackles of lightning on Mars. NASA’s Perseverance rover, which landed on Mars in February 2021, carries a microphone that picked up pops of small…
