AmacaThera raises $3.25M

AmacaThera a UTEST company from 2015, has raised $3.25 million to develop a gel-based drug delivery system that could eliminate the need to give patients powerful painkillers following surgery – a key source of the current opioid crisis. The startup, AmacaThera, is built on a gel technology developed in the U of T lab of Molly Shoichet, Ontario’s… Read more »

BLUE J LEGAL RAISES $9.3 MILLION

UTEST company (cohort 2015), Blue J Legal has raised $9.3 million CAD in a series A round. The round was led by Relay Ventures, with participation from US-based LDV Partners, and returning investors BDC Capital and Mistral Venture Partners. Mistral made an undisclosed investment Blue J Legal in May 2017, though at the time the firm said it… Read more »

Silanna Group acquires Appulse Power!

    Appulse Power Inc., a UTEST company from 2014,  founded by U of T Engineering alumni Ahsan Zaman, Behzad Mahdavikhah, Aleksandar Radić, and Professor Aleksandar Prodić has been acquired by the multinational Silanna Semiconductor for an undisclosed amount. “The success of Appulse is credit to the incredible talent and dedication of my three co-founders,” says Professor Prodić. “This team has brought us… Read more »

Dash MD rebrands to CoHealth

Message from the founders: When we started Dash MD, we wanted our company to have a unique name that had meaning and substance behind it. We wanted to be identified as Dash because dashes connect dots. Our mission, connecting the dots in healthcare, is something that we take to heart. To us, this means creating… Read more »

UTEST Applications are open until May 25th!

UTEST applications are open until May 25th. Apply through the online portal   Recent article from UofT news:   The wooden stairs creak, the third-floor meeting room feels like a sauna and there’s nary an espresso bar in sight. But what the unassuming home of the University of Toronto’s UTEST accelerator – housed on the… Read more »

LegUp Computing secures seed funding from Intel Capital

LegUp Computing Inc., a UTEST company from 2015 announced today that it closed a seed funding round led by Intel Capital. LegUp offers a cloud platform that enables software developers to program, deploy, scale, and manage FPGA devices for accelerating high performance applications without requiring hardware expertise. The technology enables the next generation of low-latency and… Read more »

Ardra Bio receives investment from Ontario Genomics

Ontario Genomics invests in renewable chemicals – Ontario Genomics Ontario Genomics is pleased to announce its investment in Ardra Inc. via its Pre-Commercial Business Development Fund. Ardra is a specialty chemicals company focused on the production of natural ingredients for the cosmetics and flavour and fragrance industries. Their synthetic biology platform uses designer biochemical pathways… Read more »

Blue J Legal Focus of Globe & Mail Article – “Artificial intelligence takes the drudgery out of legal work”

Artificial intelligence takes the drudgery out of legal work For years, budding airplane pilots and race-car drivers have been able to strap themselves into virtual simulators to test their respective skills and odds of real-world success. But what about lawyers? Recent advances in artificial intelligence and machine learning mean legal professionals are now getting the… Read more »

UTEST companies move into new entrepreneurship space – ONRamp!

One of the biggest challenges Albert Tai faced when launching a startup was finding the space to do it. The co-founder of Hypercare, a UTEST company from the 2015 cohort, a communication and collaboration app for doctors, recalls bouncing from classroom to coffee shop at the University of Toronto as he and his team looked for places to… Read more »

Deep Genomics raises US$13 million to fund expansion

Deep Genomics, part of the 2015 UTEST cohort, has raised US$13 million from Khosla Ventures. Deep Genomics combines artificial intelligence and genomics research to help develop genetic medicines to treat a myriad of disorders – everything from autism to cancer. Brendan Frey, CEO and a professor in U of T’s Faculty of Applied Science & Engineering, told the Globe… Read more »