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.
As reported by Reuters, Meta Platforms has launched a new feed called “Vibes,” which will allow users to share AI-generated videos on the Meta AI platform. Designed to empower content creators, Vibes…
In an effort to improve patient outcomes and increase efficiency within Ontario’s healthcare system, the provincial government has launched a new initiative: the Health Innovation Pathway (the “HIP…
OpenAI is recruiting top robotics researchers, signaling its renewed focus on robots that can navigate the physical world. As reported by WIRED, “OpenAI appears to be ramping up its efforts in…
Dominion Dynamics, an Ottawa-based defense technology company, has partnered with Arctic Training Centre, a training and testing facility based in the Yukon, to develop and test its technologies. This…
Smartphone startup Nothing has closed a US$200 million Series C round, led by Tiger Global, bringing its valuation to US$1.3 billion. Other investors in the round included returning investors GV…
OpenWav, an audio streaming app that launched over the summer, continues to build momentum on its mission to return the power in the music industry to the artists at its centre.The app -- its name a…
