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All of the lightning-round deals and moves we care about from the last few weeks.

What is the news? Armilla AI raised $4.5m USD in a round led by Mistral Venture Partners. The company has recently started to offer Armilla Guarantee, a quality assessment and warranty program for AI models. 

Why is this interesting? New solutions, e.g. AI, bring new problems to be solved. In this case Armilla provides a warranty that a certified AI model will perform as promised. 

A few more points:

Check out the most recent episode to learn more about why AI is creating a new problem, and how companies like Armilla are working to solve this

What is the news: Toronto-based Helika raised $8m USD for its Web3 gaming analytics platform let by Pantera Capital.

Why is this interesting? the company claims to have surpassed 7 figures in annual revenue. While the company appears to focus on Web3 companies its success seems to be coming from a combination of AI and serving a wider group of companies. 

What is the news: Toronto-based Helius, a developer platform for crypto applications announced a $9.5m round led by Foundation Capital. The company enables developers to quickly create applications on the Solana blockchain. 

Why is this interesting? This coupled with the Helika funding and crypto prices rebounding leads to the question are we finally seeing use cases for web3 and will it result in a rebound in activity?

PARTNER CONTENT

There’s still time to join in the excitement at U of T Entrepreneurship Week. Until March 7, you can experience U of T's amazing startups and growing entrepreneurial network from March 4-7 at top events, including:

School of Fish: Lessons from Swimming Upstream, a keynote by Eva and Allen Lau of Two Small Fish Ventures. Dive into the entrepreneurial journey with these U of T alumni and celebrated venture capital investors as they share invaluable insights from their path to success.

The U of T pitch competition, where the brightest minds compete for the Desjardins Startup Prize, with over $100,000 in rewards for groundbreaking startups.

Don’t miss these exciting in-person events that are free to the public. Discover how our world-leading innovators are pushing the boundaries of what's possible and why U of T entrepreneurs have secured over $3 billion in investment and created more than 650 startups in the past decade.

*this is sponsored content

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