Cybersecurity
Venture Capital Funding for Canadian Tech Hits 8-Quarter High
- Flows doubled in 3Q to reach $1.8 billion this year: report
- Facebook, Uber have invested in artificial intelligence labs
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Venture-capital funding of Canadian technology startups reached an eight-quarter high, with artificial intelligence soaking up a growing share of the investments, according to an industry report.
Canadian VC-backed companies received $858 million of capital in 81 deals in the third quarter, more than double the prior period’s amount and pushing the total to $1.8 billion for the year, PwC Canada and tech-data firm CB Insights said Wednesday.