Founded in 2018, the Quebec startup owes $6.9 million to creditors, including Fonds de solidarité FTQ ($500,000) and M2S Électronique ($1.04 million), according to bankruptcy filings. “Unfortunately, we were unable to generate the necessary funding to continue our operations and deliver our remaining orders,” the company wrote on its website. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Shift newsletter
Autonomous vehicles need faster chips. A Toronto startup is trying to solve the problem.
Briefing
Cohere raises US$270M Series C led by Inovia
Clio Ventures invests in U.S. legaltech’s Series B
Government to CRTC: exclude social media creators from Online Streaming Act
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
