Participated · Safe · Aug 2026

Relativity Networks manufactures and sells hollow-core fiber, a technology that transmits light through a vacuum chamber in the fiber’s center to achieve about 30% lower latency versus conventional fiber. The company says conventional fiber carries a signal at roughly five microseconds per kilometer, while its hollow-core fiber reduces that to about 3.5 microseconds per kilometer. Relativity is targeting data center and multi-campus deployments where reduced latency across larger geographic spans can enable synchronized, distributed compute. The company recently secured a $40 million follow-on order from a leading hyperscaler and raised $22 million via a SAFE note round. CEO Jason Eisenholz positions the technology as a way to expand the geographic reach of large-scale AI and data center systems. The articles do not provide revenue, user, or founding-year information.

Participated · Series E · May 2026

Photonic pursues a distributed approach to quantum computing through its Entanglement First architecture, which combines silicon-based qubits with native photonic connectivity to enable scaling across existing telecom fiber infrastructure. The company positions this architecture as a path toward fault-tolerant, commercial-scale quantum systems that can interoperate with global cloud and telecom networks. Photonic is engaged in programs including Canada’s Quantum Champions Program and Stage B of DARPA’s Quantum Benchmarking Initiative. With the recent financing, Photonic has raised over $350 million USD to date and closed a round valuing the company at $2.0 billion USD post-money. The firm says it will use the new capital to advance platform development, deepen telecom and strategic partnerships, grow its team, and pursue near-term milestones. Investors supporting Photonic range from government development banks and national telecoms to multinational strategic and growth equity backers.

Participated · Seed · Mar 2026

Novaworks is positioning itself as an AI-native HCM operating system built on the ServiceNow platform to manage a modern, agentic workforce of employees, contractors, and AI agents. The company claims to embed AI directly into enterprise workflows to create a unified operating model for total workforce management. Novaworks was co-founded by Kelley Steven-Waiss and Eswar Vandanapu, and its leadership includes Chief Product Officer Melanie Lougee, a veteran of Workday, ServiceNow, Gartner, Oracle, and PeopleSoft. The founders previously built Hitch Works, which ServiceNow acquired in 2022. Novaworks is marketing itself as a next-generation alternative to legacy HR systems designed for a static workforce. Following its seed financing, the company plans to accelerate product development, hire more staff, and expand its customer base. The company’s current disclosed external financing is the $8 million seed round led by Stalwart Ventures with participation from ServiceNow Ventures and Bell Ventures.

Participated · Series A · Jul 2024

Protexxa offers an AI-powered platform, Protexxa Defender, that rapidly identifies, evaluates, predicts, and resolves common cyber issues by linking individual cyber hygiene to organizational risk. The platform gives employees and organizations a cyber health score, surfaces exposed passwords and online images, and delivers personalized training and consulting. Protexxa also provides tailored incident response plans to help teams recover faster after attacks. The company intends to use the new capital to fund engineering and data science work on the platform and to grow sales and marketing teams as it expands into global markets. Management is targeting the United States as its next major opportunity and is already seeing demand from financial, telecommunications, and healthcare institutions. To date Protexxa has raised $15 million in venture funding and is led by founder and CEO Claudette McGowan. Protexxa is a B2B SaaS cybersecurity startup that uses artificial intelligence to rapidly identify, evaluate, predict, and resolve common cyber issues by linking personal cyber hygiene to organizational risk. Its personalized cybersecurity protection platform includes assisted remediation, personalized training, assessment, and awareness plans and is being piloted across government, academia, and healthcare. The company emphasizes prevention and increasing global cyber literacy and also offers consulting services for companies worldwide. Protexxa was founded and is led by Claudette McGowan, former Global Executive Officer for Cybersecurity at TD Bank, and maintains an Advisory Circle of notable executives. The company recently launched at an intimate event, is in the process of filing several patents, and reports that 70% of its investors are women. Protexxa raised CAD$4 million in seed funding to build out the platform, facilitate pilots with global customers, and prepare to scale operations.

Participated · Series A · Mar 2022

Sanctuary AI develops human-like intelligence for general-purpose robots intended to help organizations work more safely, efficiently, and sustainably. The company was founded in 2018 by Olivia Norton, who serves as Chief Technology and Product Officer. Sanctuary intends to use the new funds to accelerate progress toward bringing AI into the physical world. Its customers and investors span industries across Canada, the US, and other countries. Existing investors and partners include Accenture, Bell, Export Development Canada, Evok Innovations, Magna, SE Health, Verizon Ventures, and Workday Ventures. The company has received over $140M in total investment to date, including a $30M Strategic Innovation Fund contribution from the Government of Canada in November 2022. Sanctuary AI develops AI-powered humanoid general-purpose robots designed to perform a wide variety of work tasks safely and effectively. Its flagship robot, Phoenix, is driven by the Carbon AI control system that mimics subsystems found in the human brain—memory, sight, sound and touch—and translates natural language into real‑world actions. Phoenix was recognized by TIME as one of the Best Inventions of 2023 and has performed more than 100 tasks at a Mark’s retail store in Langley, British Columbia, demonstrating fine manipulation and human-level hand dexterity. The company targets industries facing labor shortages, including post and parcel, manufacturing, retail and logistics warehousing, where its robots can complement and collaborate with human workers. Sanctuary embeds Explainable AI in Phoenix to surface reasoning, task and motion plans that can be defined and audited. Founded in 2018 and based in Vancouver, Canada, Sanctuary’s team includes founders and employees with prior experience at D-Wave, Kindred, Amazon, Microsoft and Softbank Robotics. Sanctuary Cognitive Systems develops human-like intelligence for general-purpose robots using AI, cognition, and robotics technologies. Founded in 2018 by Geordie Rose, Suzanne Gildert, Olivia Norton, and Ajay Agrawal and based in Vancouver, BC, the company aims to create robots that assist humans with difficult or dangerous tasks. Its stated goals include improving workplace safety and efficiency, creating new jobs, and reducing the impact of labour shortages. Sanctuary also envisions its technology enabling exploration and settlement in outer space. The company plans to use recent funding to expand operations and advance its development efforts. Financially, it closed a US$58.5M Series A in 2022 to support those plans.