Facts
- HQ
- Toronto, Ontario, Canada
- Sectors
- Autonomous vehicles, Artificial intelligence, Transportation
- Stage
- Unicorn
- Founders
- Raquel Urtasun
Canada Rises to Sixth Globally with 38 Unicorns Worth ~US$97B as AI Funding Hits US$387.5B in H1 2026
A global AI investment surge—US$387.5 billion in equity funding for AI companies in H1 2026—has accelerated creation of unicorns, and Canada now ranks sixth worldwide with 38 unicorns valued about US$97 billion. If Canadian firms keep attracting capital, scaling internationally, and commercializing advanced technologies, the country could produce many more billion-dollar startups and potentially future global tech giants.
Seattle Outpaces Toronto as Superior Tech Hub Despite Toronto's High-Valued AI Startups Amid ALCS Baseball Rivalry
Seattle and Toronto, both strong tech hubs, are compared on various metrics like talent rankings, corporate presence, and startups, with Seattle leading in corporate tech depth and number of unicorns, while Toronto boasts high-value AI startups like Cohere. Seattle ranks higher globally and has more engineering centers from major US tech firms, though Toronto shows strong growth in AI and security startups.
Seattle Venture Capitalists Urge Founders to Prioritize Practical AI Over Pursuit of AGI
Seattle venture capitalists at a Plug and Play event encouraged tech founders to focus on building practical AI products for specific industries rather than chasing artificial general intelligence (AGI), which they believe is uncertain and not imminent.
Rajat Bahri Named CFO of Icertis Amid $5 Billion Valuation; Pacific Northwest Tech Firms Announce Key Executive Hires
Rajat Bahri, former CFO of ID.me, has joined Icertis as CFO, replacing Curt Anderson, amid recent investments valuing Icertis at $5 billion. Additionally, several key tech and startup executives have taken new roles across Pacific Northwest companies including CommerceIQ, Waabi, Limeade, and AdaptX.
People
-
Daryn Nakhuda Executive, VP, Software Development and Product Management
