Radical Ventures funds entrepreneurs who use deep technology, especially machine learning and AI, to transform large industries and pursue global growth. It provides early and growth-stage funding along with strategic guidance and access to a broad network of investors and experts to help portfolio companies scale. The firm differentiates itself through its emphasis on deep-tech ventures and its international network across Toronto, San Francisco, London, and New York. Its goal is to accelerate the creation of enduring, globally scaled companies built around applied AI and other deep-tech solutions.
Company Size
11-50
Company Stage
N/A
Total Funding
$8.6B
Headquarters
Toronto, Canada
Founded
2017
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Discovery Loop, an AI startup founded by four former Google engineers, is seeking a valuation of up to $50 billion just over a month after launching, Business Insider reports. Jeff Dean, Sanjay Ghemawat, Oriol Vinyals, and Quoc Le left Google on August 5 to start the company. Weeks ago, it was seeking to raise $1 billion at a valuation of around $10 billion. Its first round was led by Radical Ventures and Khosla Ventures, with Lightspeed, Kleiner Perkins, and Doerr Capital taking part. Google also invested early and agreed to provide computing power for the first year. Investors are betting on elite teams, as with Safe Superintelligence and Thinking Machines Lab, which raised large sums before launching products. Dean says he ended up as chief executive officer because "everyone's pointing to me.
Carney forms AI advisory council. By Norzahra Baharum October 5, 2026 Prime Minister Mark Carney has named a 13-person National Council on Artificial Intelligence to advise the federal government on its national AI strategy and safety issues. The council includes prominent AI researchers and investors, such as LawZero scientific director Yoshua Bengio and Veeda AI CEO Sanja Fidler. The council will advise Carney and the federal government on issues including economic competitiveness, AI uptake, digital infrastructure, and AI research. Patrick Pichette, the former venture capitalist and tech executive, is among the members. National AI strategy. Ottawa launched an updated national AI strategy in June, setting a target of increasing business adoption from 12 per cent to 60 per cent by 2034. The government has pledged hundreds of millions of dollars for startups developing the technology and firms deploying it. The new advisory council includes Jordan Jacobs, managing partner of Toronto-based Radical Ventures, which is raising a US$4-billion late-stage fund. Another member is John Graham, CEO of the $863-billion Canada Pension Plan Investment Board. Council members. The council also includes Canadian business executives and researchers based in the U.S. The domestic members are concentrated in Ontario and Quebec. Of the three national AI institutes, only Montreal-based Mila has a seat on the council, via CEO Valérie Pisano. Thomas Pitfield, Carney's principal secretary, is another member. He said at an event hosted by Canada 2020, a think tank he previously co-founded, that Ottawa's AI strategy outlines "a shared mission" to adopt AI and trust each other to become a powerhouse in the space. Previous advisory groups. Ottawa has assembled several other groups of private sector leaders to advise it on AI in recent years. In September 2025, AI Minister Evan Solomon named a 28-member task force to provide input on the AI strategy update. Council members who were also on the task force include Pichette and Ajay Agrawal. The Innovation Department also has had an Advisory Council on Artificial Intelligence since 2019. In March 2025, the department refreshed the council with a stronger industry focus, including executives from Cohere, AltaML, and Canadian Tire. Full council membership. The full, 13-person National Council on Artificial Intelligence includes Ajay Agrawal, Yoshua Bengio, Sanja Fidler, John Graham, Gillian Hadfield, Jordan Jacobs, Eric Lamarre, and Patrick Pichette. The council will play a significant role in shaping Canada's national AI strategy and ensuring the safe and secure development of AI technology.
Pixxel, the planetary infrastructure company, today announced the close of its $100 million Series C funding round, co-led by Temasek and Seraphim, with participation from existing investors. The round brings Pixxel’s total funding to $195 million and signals the company's next phase of growth as it broadens its role across the space-tech value chain.
Crusoe raises US$ 3.9 billion in latest oversubscribed funding round. Lotz is a journalist with over a decade of experience covering business and technology, with a focus on how innovation is shaping the African continent. His interests range from data centers and energy to finance and emerging technology. Through sharp analysis and experience across multiple fields, Lotz is keen to showcase how Africa is becoming a major contender in the digital world. September 18, 2026 at 9:27 PM GMT+8 Crusoe, an AI infrastructure provider, announced the initial closing of its US$ 3.9 billion Series F funding round at a post-money valuation of US$ 30.9 billion. The oversubscribed funding round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. According to a press release, along with the lead investors, Crusoe also received significant backing from new and existing investors including Founders Fund, GIC, NVIDIA, Qatar Investment Authority (QIA), Radical Ventures, and TPG. The additional funding from the round will be used to scale Crusoe's existing programs and support the buildout of its AI factories from large-scale campuses to modular Spark units, ultimately supporting the growth of Crusoe Cloud. The firm currently has over 6 GW of gross contracted capacity across data centers and cloud, having already delivered 1 GW of gross operational capacity. "We believe AI will usher in an era of abundance: new scientific breakthroughs, unprecedented economic growth, and human prosperity," said Chase Lochmiller, Crusoe Co-founder and Chief Executive Officer. "Getting there means controlling the infrastructure from electrons to tokens, and we're grateful to have investors who share that conviction. This Series F lets us scale every layer for the world's most ambitious AI builders." "As AI grows, the economics flow to the lowest-cost producer of intelligence. Through a vertically-integrated model, Crusoe owns the entire value chain - a structural advantage that compounds as they build," said Gavin Baker, Atreides Management Managing Partner and Chief Investment Officer. "Chase and Cully are world-class operators, and we're thrilled to support Team Crusoe as they lead the build-out of next generation AI infrastructure." The company attributes its rapid growth to its in-house power plant development capabilities paired with partnerships spanning grid, battery, nuclear, thermal, and renewable energy providers. It also noted that its Crusoe Spark modular data centers will assist in providing predictable scalable capacity as demand grows. "We joined Crusoe's journey almost six years ago because they perfectly fit what we look for: pro-entropic founders taking a hard path to build a structurally advantaged company with frontier technology and operational discipline. They have exceeded expectations at every turn as their vision for the business expanded," said Antonio Gracias, Valor Equity Partners Founder, Chief Executive Officer and Chief Investment Officer. The global data center market recorded investments of over US$ 514.26 billion in 2025, with Arizton Advisory & Intelligence noting this will reach US$ 959.19 billion by 2031. The market's growth is being driven by increased deployment of AI workloads across data centers worldwide, triggering billions of dollars in investment from hyperscale operators.
AI startup Mantic raises $25 million for superhuman forecasting. 18 Sep 2026 06:06PM (Updated: 18 Sep 2026 06:14PM) Add CNA as a trusted source to help Google better understand and surface our content in search results. Sept 18: Mantic, an artificial intelligence developer that beat humans in a recent contest for forecasting events, on Friday said it raised $25 million in seed funding. Results from the summer 2026 Metaculus Cup, an online forecasting tournament that wrapped up this month, showed the London-based startup had assigned probabilities to political, economic and cultural developments more accurately than human competitors. Its high score and that of other AI entrants marked a first in which technology dominated the competition. Now, Radical Ventures has led Mantic's funding round at an undisclosed valuation, with backing by Microsoft's venture fund M12, the startup Thinking Machines Lab, Balderton Capital and others. In an interview, Mantic CEO Toby Shevlane said, "We're now upgrading the level at which humans can understand the future." The way Mantic works is by specializing frontier AI models from other labs to be better at forecasting. It tests its predictive system on historical data, grades its performance, then improves it, said Shevlane, who co-founded Mantic with Ben Day in 2024. Shevlane said his previous work as a research scientist at Alphabet's Google DeepMind sparked the idea because he needed help predicting global events relevant to AI. In the Metaculus Cup, one advantage Mantic had over human forecasters was avoiding a herd mentality, Shevlane said. In one question, humans overwhelmingly bet that pop star Shakira's "Dai Dai" would not overtake "Waka Waka" on the Billboard Hot 100. That turned out to be wrong, but Mantic did not bet heavily on the consensus, Shevlane said. Early in the tournament, Mantic also gave Abelardo De La Espriella about a 40 per cent chance of winning Colombia's presidential election, compared with a roughly 30 per cent consensus forecast, Shevlane said. De La Espriella ultimately won. Mantic went on to outperform every human contestant and all but one bot, called laertes, according to the results. Aaron Rosenberg, a partner at Radical Ventures who has joined Mantic's board, said the startup has drawn interest from companies and government agencies globally, some of which have already integrated its AI. Mantic declined to name its customers. Hedge funds and trading firms were particularly eager for Mantic's forecasts, Rosenberg said. "If Mantic is superhuman as it is, they can make money off of that immediately," he said.