Three Kings Capital, Frostbite and Unpopular Ventures joined the Series A round—whose dollar figure wasn’t disclosed—with the Business Development Bank of Canada’s Industrial Innovation Venture Fund. At the same time, co-founder Sebastian Fischmeister, a University of Waterloo professor, stepped aside as CEO in favour of former chief operating officer Matthew Monteyne, an experienced startup executive. Fischmeister became chief strategy officer. (The Logic)

Talking point: Palitronica’s technology checks electronic parts by measuring how tiny electrical pulses pass through them. If the findings don’t match those from a part known to be good, it’s a sign of a fault in the part being tested—whether it’s a defect, a supplier’s substitution of a cheaper component or a security breach, something needs to be checked out. The company has been applying the tech to firmware, too. U.S. aerospace company Bell Textron made a deal with Palitronica in July to use its services to verify components in a new tilt-rotor aircraft it’s making for the U.S. Army.  

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