Radical Ventures Secures Over $1 Billion for AI Fund

Sep 15, 2026
Radical Ventures secured more than US$1 billion at the first close of a fund focused on later stage AI companies in Canada and other markets.

Radical Ventures announced in a press release the first close of its Radical Breakouts Fund, securing more than US$1 billion in commitments. The firm described it as the largest venture capital fund in Canadian history.

Investors include PSP Investments, CPP Investments, HOOPP, TD Bank Group, BMO Financial Group, CI Global Asset Management, OPTrust and other global investors. The announcement was made in Toronto on 15 September during the inaugural Canada Investment Summit.

The late stage fund will invest in AI scale ups with the potential to become major global companies, including businesses approaching public markets at valuations of $100 billion or more. Radical says it will give Canadian AI companies a domestic source of late stage capital while also investing in leading AI companies globally, and managing partner Jordan Jacobs said it is intended to address Canada's shortage of capital for scaling AI companies. Radical Ventures identified Cohere, Waabi, Xanadu, Veeda, Aspect Biosystems, Discovery Loop, World Labs, Etched and Crusoe among companies in its portfolio.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief, Enterprise AI Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News Enterprise AI AI Brief AI Brief (X)
Free newsletter

Enterprise AI Brief

Weekly report on AI business applications, enterprise software releases, automation tools, and industry implementations.

AI Token Webinar

Whitepaper

Tensordyne Napier: What If One Rack Could Do the Work of Nine?

Tensordyne

This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.