CIBC Innovation Banking has announced a $25 million USD financing deal for BinSentry. The funding will accelerate the Kitchener-Waterloo company’s global growth as it uses AI sensors to monitor animal feed.
Evocative has secured new debt financing from an undisclosed global investment firm to expand its data center capacity. The funding is aimed at meeting the soaring infrastructure demands driven by artificial intelligence workloads.
The energy startup, which supplies 200,000 UK homes, hit $400 million in annual recurring revenue. It plans to launch consumer solar hardware and expand into the US and Europe.
The Stockholm-based company Lovable has seen a meteoric rise, completing three funding rounds in 2023. It’s now one of Europe’s most valuable AI startups, with revenue skyrocketing from $1M to $200M ARR in under a year.
OpenAI has hired former UK Chancellor George Osborne to lead its global “Stargate” data center push. This move signals a massive, government-level expansion of AI infrastructure worldwide.
iRobot, the maker of the Roomba, has filed for Chapter 11 bankruptcy and plans to sell its assets to its Chinese supplier. The company’s demise is a cautionary tale about tariffs, cheap competition, and failing to innovate.
iRobot, the pioneering maker of the Roomba vacuum, has filed for bankruptcy. The company will pass control to its Chinese supplier, Shenzhen Picea Robotics, to whom it owes nearly $100 million.
Kong Wan Sing, founder of Asia-Pacific co-working giant JustCo, frames the business as hospitality. He’s launching luxury and bare-bones brands while expanding across Asia, seeing growth that outpaces the West.
A Seattle-area startup is taking on Tesla’s Powerwall with a hydrogen-fueled energy storage system. Hyviva’s modular units use water to generate and store power, but face a steep price hurdle compared to conventional batteries.
In a surprising shift, Microsoft’s top gaming exec Matt Booty detailed how Xbox titles became best-sellers on PlayStation. The crown jewel, Halo, is officially coming to PS5 in 2026. This move reshapes the entire console landscape.
