North America

Montreal-based Algolux, a provider of computer vision and image optimization solutions, has raised $18.4 million in Series B financing.

Indian ecommerce company Flipkart has raised $3.6 billion in funding, putting the company at a valuation of $37.6 billion, reported TechCrunch.

Vancouver-based biotechnology company Incisive Genetics has secured C$2.5 million in a seed-stage financing.

Fredericton-based earth observation technology startup 3D Planeta has raised C$1 million in seed-stage financing.

Side Door, a Halifax-based provider of alternative venue spaces for artists and their audiences, has secured $3 million in a seed financing.

Montreal-based Rithmik Solutions, a provider of analytics for mobile mining equipment, has secured $1.2 million in financing.

Waterloo, Ontario-based P&P Optica, a provider of automated inspection and insights for the food industry, has raised a Series B financing.

FREDsense Technologies Corp, a Calgary-based biotechnology company focused on real-time water quality analysis, has raised C$2.5 million in financing.

Export Development Canada has committed C$200 million in support and set new 2023 targets to help create opportunities for women and minority-owned and -led businesses.