Canada Tech: Peripheral's $12.5M Seed, Foodtech Funding Gaps, AI Data Centre Backlash, and New R&D Rules

Toronto-based AI startup Peripheral Labs raised another $8.7M USD ($12.1M CAD) in seed funding, bringing total funding to $12.5M USD ($17.3M CAD). Co-led by Deloitte Ventures and Inovia Capital, the funding will accelerate development of spatial intelligence tech for live sports. The startup, founded by University of Toronto robotics graduates, is building a large reconstruction model to convert 2D images into navigable 3D video for...