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Startups & Venture·September 16, 2026·1 min read

BDC Allocates $1 Billion Under Defence Platform for Canadian Defence Technologies

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BDC earmarking $1B—half into funds, half into direct deals—for defence and dual-use tech formalizes a national capital stack for hard problems. If you’re building in sensing, quantum, autonomy, or cyber in Canada, this is the moment to align your roadmap with defence-adjacent use cases.

Startups & Venture

Source: AI assistant Instinct seeks to raise $1B at a $10B valuation, up from $2.25B less than a month ago; Sequoia and Benchmark are in talks to lead the round

A jump from $2.25B to $10B in under a month for a personal AI assistant is less about current revenue and more about locking up a perceived distribution wedge before the platform giants do. If you’re building in the assistant/agent space, assume capital will fund land-grabs around identity, memory, and OS integration, not incremental features.