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	<title>Minesense Archives - InBC Investment Corp</title>
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		<title>InBC Portfolio News &#038; Updates: December 2025 Edition</title>
		<link>https://inbcinvestment.com/inbc-portfolio-updates-december-2025/</link>
		
		<dc:creator><![CDATA[Eva Zhu]]></dc:creator>
		<pubDate>Wed, 03 Dec 2025 17:35:03 +0000</pubDate>
				<category><![CDATA[Impact]]></category>
		<category><![CDATA[Updates]]></category>
		<category><![CDATA[4AG Robotics]]></category>
		<category><![CDATA[Arca Climate Technologies]]></category>
		<category><![CDATA[ChopValue]]></category>
		<category><![CDATA[Inverted AI]]></category>
		<category><![CDATA[Jetson]]></category>
		<category><![CDATA[Mangrove Lithium]]></category>
		<category><![CDATA[Minesense]]></category>
		<category><![CDATA[Netskrt Systems]]></category>
		<category><![CDATA[Novarc Technologies]]></category>
		<category><![CDATA[Photonic]]></category>
		<category><![CDATA[SALUS]]></category>
		<category><![CDATA[ShopVision]]></category>
		<category><![CDATA[Svante]]></category>
		<category><![CDATA[Veritree]]></category>
		<guid isPermaLink="false">https://inbcinvestment.com/?p=6225</guid>

					<description><![CDATA[<p>Since InBC’s investment, the companies in our portfolio have been busy growing their businesses. From expanding to new markets to [&#8230;]</p>
<p>The post <a href="https://inbcinvestment.com/inbc-portfolio-updates-december-2025/">InBC Portfolio News &amp; Updates: December 2025 Edition</a> appeared first on <a href="https://inbcinvestment.com">InBC Investment Corp</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Since InBC’s investment, the companies in our portfolio have been busy growing their businesses. From expanding to new markets to further developing their technologies, these companies are driving innovation and building intellectual property in B.C., while contributing to economic and jobs growth in their communities.</p>



<p class="wp-block-paragraph">As of November 30, 2025, InBC’s portfolio is directly and indirectly supporting 37 B.C. companies employing nearly 2,000 British Columbians.</p>



<p class="wp-block-paragraph">Catch up on what some of them have been up to in the last few months.</p>



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<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="534" height="221" src="https://inbcinvestment.com/wp-content/uploads/2025/07/4AG-Logo-PNG-Black-534x221.png" alt="4AG Robotics logo" class="wp-image-5732" srcset="https://inbcinvestment.com/wp-content/uploads/2025/07/4AG-Logo-PNG-Black-534x221.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/07/4AG-Logo-PNG-Black-540x224.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/07/4AG-Logo-PNG-Black-768x318.png 768w, https://inbcinvestment.com/wp-content/uploads/2025/07/4AG-Logo-PNG-Black-1536x636.png 1536w, https://inbcinvestment.com/wp-content/uploads/2025/07/4AG-Logo-PNG-Black.png 1709w" sizes="(max-width: 534px) 100vw, 534px" /></figure>
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<p class="wp-block-paragraph"><a href="https://4ag.ai/" target="_blank" rel="noreferrer noopener">4AG Robotics</a> is celebrating 12 million mushrooms picked in 2025, an increase from two million in 2024. To accommodate its growth — with worldwide orders of its <a href="https://4ag.ai/harvesting-robot/" target="_blank" rel="noreferrer noopener">harvesting robots</a> booked through to June 2026, it is moving into a new 36,000-square-foot production facility in Salmon Arm, B.C., which will enable the company to scale production up to four robots per week.</p>



<p class="wp-block-paragraph">The company has also been snatching up accolades. It was recently recognized at the <a href="https://fira-usa.com/" target="_blank" rel="noreferrer noopener">FIRA USA – World Ag Robotics Forum</a> as Best Startup 2025. Earlier this year it picked up the same title at <a href="https://world-fira.com/" target="_blank" rel="noreferrer noopener">World FIRA</a>, making it one of the few — if not only — companies to win the pitch and impress the investor jury in both North America and Europe.</p>



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<figure class="wp-block-image size-full"><img decoding="async" width="800" height="436" src="https://inbcinvestment.com/wp-content/uploads/2025/11/4AG-Facilities-e1764178280774.jpg" alt="4AG Robotics facilities" class="wp-image-6236" srcset="https://inbcinvestment.com/wp-content/uploads/2025/11/4AG-Facilities-e1764178280774.jpg 800w, https://inbcinvestment.com/wp-content/uploads/2025/11/4AG-Facilities-e1764178280774-540x294.jpg 540w, https://inbcinvestment.com/wp-content/uploads/2025/11/4AG-Facilities-e1764178280774-534x291.jpg 534w, https://inbcinvestment.com/wp-content/uploads/2025/11/4AG-Facilities-e1764178280774-768x419.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /><figcaption class="wp-element-caption">4AG Robotics employees working at its Salmon Arm facilities.</figcaption></figure>
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<figure class="wp-block-image size-large"><img decoding="async" width="534" height="142" src="https://inbcinvestment.com/wp-content/uploads/2025/01/Arca_Yellow_Black_1_Full_Logo_RGB-1-534x142.png" alt="Arca logo" class="wp-image-4664" srcset="https://inbcinvestment.com/wp-content/uploads/2025/01/Arca_Yellow_Black_1_Full_Logo_RGB-1-534x142.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/01/Arca_Yellow_Black_1_Full_Logo_RGB-1-540x144.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/01/Arca_Yellow_Black_1_Full_Logo_RGB-1-768x204.png 768w, https://inbcinvestment.com/wp-content/uploads/2025/01/Arca_Yellow_Black_1_Full_Logo_RGB-1-1536x408.png 1536w, https://inbcinvestment.com/wp-content/uploads/2025/01/Arca_Yellow_Black_1_Full_Logo_RGB-1-2048x544.png 2048w" sizes="(max-width: 534px) 100vw, 534px" /></figure>
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<p class="wp-block-paragraph"><a href="https://arcaclimate.com/newsroom/" target="_blank" rel="noreferrer noopener">Arca has signed an agreement with Microsoft</a> for nearly 300,000 tonnes of durable carbon removal over 10 years. This agreement is a significant validation of Arca’s Industrial Mineralization solution that captures and permanently stores CO<sub>2</sub> from the air as stable carbonate minerals. Microsoft’s long-term commitment is a major step in Arca’s trajectory from pilots to potentially million-tonne operations. &nbsp;</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2000" height="1000" src="https://inbcinvestment.com/wp-content/uploads/2025/12/Arca-Engineer.jpg" alt="Arca engineer measuring carbon dioxide in a field" class="wp-image-6312" srcset="https://inbcinvestment.com/wp-content/uploads/2025/12/Arca-Engineer.jpg 2000w, https://inbcinvestment.com/wp-content/uploads/2025/12/Arca-Engineer-540x270.jpg 540w, https://inbcinvestment.com/wp-content/uploads/2025/12/Arca-Engineer-534x267.jpg 534w, https://inbcinvestment.com/wp-content/uploads/2025/12/Arca-Engineer-768x384.jpg 768w, https://inbcinvestment.com/wp-content/uploads/2025/12/Arca-Engineer-1536x768.jpg 1536w" sizes="auto, (max-width: 2000px) 100vw, 2000px" /><figcaption class="wp-element-caption">Arca engineer measuring carbon dioxide at a mining site.</figcaption></figure>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="400" height="100" src="https://inbcinvestment.com/wp-content/uploads/2025/01/Logo_ChopValue.png" alt="ChopValue logo" class="wp-image-4700"/></figure>
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<p class="wp-block-paragraph">Vancouver-based&nbsp;<a href="https://chopvalue.com/en-ca" target="_blank" rel="noreferrer noopener">ChopValue</a>&nbsp;has&nbsp;<a href="https://chopvalue.com/en-ca/blogs/newsroom/mvp-emea-microfactory-expansion" target="_blank" rel="noreferrer noopener">expanded in the EMEA</a>&nbsp;with a new satellite office in Copenhagen and its first microfactory in Madrid. Its parent company,&nbsp;<a href="https://builtbymvp.com/" target="_blank" rel="noreferrer noopener">Microfactory Venture Platform (MVP)</a>, is an approved vendor for&nbsp;<a href="http://www.rbiberia.com" target="_blank" rel="noreferrer noopener">Restaurant Brands Europe</a>, which will enable ChopValue’s locally based microfactories to manufacture full-service&nbsp;furniture solutions for brands such as Popeyes and Burger King starting in Spain, Italy and Portugal.</p>



<p class="wp-block-paragraph">On the R&amp;D side, <a href="https://chopvalue.com/en-ca/blogs/newsroom/takenaka-japan" target="_blank" rel="noreferrer noopener">it has partnered with Takenaka Corporation</a> to advance scalable circular construction materials. Through this collaboration, the company is transforming local waste into engineered materials, supporting Japan’s transition to low-carbon, resource-efficient manufacturing.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1920" height="1920" src="https://inbcinvestment.com/wp-content/uploads/2025/11/ChopValue-Takenaka.jpg" alt="ChopValue and Takanaka developed construction materials" class="wp-image-6243" srcset="https://inbcinvestment.com/wp-content/uploads/2025/11/ChopValue-Takenaka.jpg 1920w, https://inbcinvestment.com/wp-content/uploads/2025/11/ChopValue-Takenaka-355x355.jpg 355w, https://inbcinvestment.com/wp-content/uploads/2025/11/ChopValue-Takenaka-200x200.jpg 200w, https://inbcinvestment.com/wp-content/uploads/2025/11/ChopValue-Takenaka-768x768.jpg 768w, https://inbcinvestment.com/wp-content/uploads/2025/11/ChopValue-Takenaka-1536x1536.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /><figcaption class="wp-element-caption">Circular construction materials developed by ChopValue and Takenaka Corporation.</figcaption></figure>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="951" height="193" src="https://inbcinvestment.com/wp-content/uploads/2025/03/Mangrove-lithium-with-tagline_full-colour.png" alt="Mangrove Lithium logo" class="wp-image-5062" srcset="https://inbcinvestment.com/wp-content/uploads/2025/03/Mangrove-lithium-with-tagline_full-colour.png 951w, https://inbcinvestment.com/wp-content/uploads/2025/03/Mangrove-lithium-with-tagline_full-colour-540x110.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/03/Mangrove-lithium-with-tagline_full-colour-534x108.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/03/Mangrove-lithium-with-tagline_full-colour-768x156.png 768w" sizes="auto, (max-width: 951px) 100vw, 951px" /></figure>
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<p class="wp-block-paragraph">Pushing the boundaries of its sustainability, <a href="https://www.mangrovelithium.com/" target="_blank" rel="noreferrer noopener">Mangrove Lithium</a> is moving to <a href="https://sustainablebiz.ca/mangrove-clinker-substitute-cut-carbon-cement" target="_blank" rel="noreferrer noopener">commercialize a cement clinker substitute</a> from the discards of its lithium processing, which will help cut greenhouse gas emissions from the cement sector. Clinker, the pebble-like ingredient used to make cement, is currently responsible for about seven percent of global carbon emissions.</p>



<p class="wp-block-paragraph">More recently, the company has received a <a href="https://cleanenergy.ca/2025/11/20/northx-commits-2m-to-bc-climate-innovation/" target="_blank" rel="noreferrer noopener">follow-on commitment from NorthX</a> to help demonstrate the continuous operation of its lithium refining platform — the final step before commercial deployment.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1651" height="919" src="https://inbcinvestment.com/wp-content/uploads/2023/12/Netskrt-Logo-New.png" alt="Netskrt logo" class="wp-image-5895" srcset="https://inbcinvestment.com/wp-content/uploads/2023/12/Netskrt-Logo-New.png 1651w, https://inbcinvestment.com/wp-content/uploads/2023/12/Netskrt-Logo-New-540x301.png 540w, https://inbcinvestment.com/wp-content/uploads/2023/12/Netskrt-Logo-New-534x297.png 534w, https://inbcinvestment.com/wp-content/uploads/2023/12/Netskrt-Logo-New-768x427.png 768w, https://inbcinvestment.com/wp-content/uploads/2023/12/Netskrt-Logo-New-1536x855.png 1536w" sizes="auto, (max-width: 1651px) 100vw, 1651px" /></figure>
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<p class="wp-block-paragraph">Vancouver-based <a href="https://www.netskrt.io/" target="_blank" rel="noreferrer noopener">Netskrt</a> has been busy growing its presence worldwide. The global CDN with last-mile awareness recently announced an <a href="https://www.netskrt.io/press-release/netskrt-expands-in-brazil/" target="_blank" rel="noreferrer noopener">expansion in Brazil</a>, now covering over 60 delivery points and handling more than 5.0 Tbps of live and on-demand streaming video across a country with millions of sports fans. It has also announced a strategic partnership with <a href="https://guamexchange.com/" target="_blank" rel="noreferrer noopener">Guam Exchange</a>, improving connectivity, content delivery and access to quality streaming for users across the Pacific region. Lastly, Netskrt has <a href="https://www.mix-it.net/en/mix-bologna-mix-and-lepida-enable-new-caches-from-major-operators-traffic-surges-to-record-levels/" target="_blank" rel="noreferrer noopener">partnered with MIX</a>, one of Italy&#8217;s largest Internet Exchanges, to deliver high-quality streaming video to subscribers across the country while also reducing latency and traffic strain on local infrastructure.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2560" height="479" src="https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-scaled.png" alt="" class="wp-image-5933" srcset="https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-scaled.png 2560w, https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-540x101.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-534x100.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-768x144.png 768w, https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-1536x287.png 1536w, https://inbcinvestment.com/wp-content/uploads/2025/10/Novarc-logo-2048x383.png 2048w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></figure>
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<p class="wp-block-paragraph"><a href="https://www.novarctech.com/" target="_blank" rel="noreferrer noopener">Novarc</a>’s Open House in November welcomed InBC, <a href="https://www.seaspan.com/" target="_blank" rel="noreferrer noopener">Seaspan</a>, <a href="https://www.canada.ca/en/pacific-economic-development.html" target="_blank" rel="noreferrer noopener">Pacific Economic Development Canada (PacifiCan)</a> and Honourable Paul Choi, Parliamentary Secretary for Trade to its Burnaby headquarters. The company demonstrated its new <a href="https://www.novarctech.com/products/swr-tiptig/" target="_blank" rel="noreferrer noopener">SWR<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> TIPTIG Autonomy</a>, the world’s first fully autonomous Tungsten Inert Gas (TIG) welding solution that can deliver precision and consistency previously unattainable in TIG welding. The technology has the potential to improve productivity, safety and weld quality across a wide range of industries such as shipbuilding, energy and clean technology.</p>



<p class="wp-block-paragraph">Novarc was recently named one of the fastest growing companies in North America in <a href="https://www.deloitte.com/us/en/Industries/tmt/articles/fast500-winners.html" target="_blank" rel="noreferrer noopener">Deloitte&#8217;s Technology Fast 500</a> list.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1100" height="500" src="https://inbcinvestment.com/wp-content/uploads/2025/11/Novarc-Open-House.png" alt="" class="wp-image-6255" srcset="https://inbcinvestment.com/wp-content/uploads/2025/11/Novarc-Open-House.png 1100w, https://inbcinvestment.com/wp-content/uploads/2025/11/Novarc-Open-House-540x245.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/11/Novarc-Open-House-534x243.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/11/Novarc-Open-House-768x349.png 768w" sizes="auto, (max-width: 1100px) 100vw, 1100px" /><figcaption class="wp-element-caption">Novarc’s CEO Soroush Karimzadeh with InBC at its Burnaby facilities.</figcaption></figure>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2801" height="1200" src="https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent.png" alt="Svante logo" class="wp-image-5067" srcset="https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent.png 2801w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent-540x231.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent-534x229.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent-768x329.png 768w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent-1536x658.png 1536w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Svante_Transparent-2048x877.png 2048w" sizes="auto, (max-width: 2801px) 100vw, 2801px" /></figure>
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<p class="wp-block-paragraph">Burnaby-based <a href="https://www.svanteinc.com/" target="_blank" rel="noreferrer noopener">Svante</a> has announced a <a href="https://www.svanteinc.com/press-releases/svante-and-sodra-launch-eu-based-carbon-capture-pilot-to-advance-biogenic-co%e2%82%82-utilization/" target="_blank" rel="noreferrer noopener">pilot project with Södra</a>, Sweden’s largest forest-owner association which will test the company’s carbon capture technology for potential large-scale adoption. Svante’s entry into the EU forestry sector represents a significant step towards scaling biogenic carbon capture in pulp and paper production. Aligned with Sweden’s national climate strategy, this project is partially funded by <a href="https://www.industriklivet.se/en/" target="_blank" rel="noreferrer noopener">Industriklivet</a>, part of the EU’s Recovery and Resilience Facility (RRF) under the Next Generation EU programme.</p>



<p class="wp-block-paragraph">Watch Svante’s explainer video on carbon management:</p>



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<iframe loading="lazy" title="Carbon Management Explainer Video" width="640" height="360" src="https://www.youtube.com/embed/ClL3FoZbVrs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p class="wp-embed-aspect-16-9 wp-has-aspect-ratio wp-block-paragraph">The B.C. companies supported by the venture funds InBC had invested in are also making strides in their growth.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="277" height="72" src="https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_InvertedAI.png" alt="Inverted AI logo" class="wp-image-4951"/></figure>
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<h6 class="wp-block-heading">Supported by Yaletown Partners</h6>



<p class="wp-block-paragraph"><a href="https://www.inverted.ai/home" target="_blank" rel="noreferrer noopener">Inverted AI</a> has <a href="https://www.inverted.ai/company/blog/foretellix-and-inverted-ai-partner-to-advance-scenario-based-testing-with-realistic-and-targeted-ai-based-simulation" target="_blank" rel="noreferrer noopener">partnered with Foretellix</a> to advance scenario-based testing with realistic and targeted AI-based simulation. A pioneer of predictive human behaviour models for simulation and planning, Inverted AI is using real-world data to train policies critical for achieving fully autonomous vehicles.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="462" height="109" src="https://inbcinvestment.com/wp-content/uploads/2024/12/Logo_Jetson.png" alt="Jetson logo" class="wp-image-5272"/></figure>
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<h6 class="wp-block-heading">Supported by Active Impact Investments</h6>



<p class="wp-block-paragraph">North Vancouver-based <a href="https://jetsonhome.com/" target="_blank" rel="noreferrer noopener">Jetson</a>’s Air heat pump has been named one of <a href="https://time.com/collections/best-inventions-2025/7318347/jetson-air/" target="_blank" rel="noreferrer noopener">TIME’s Best Inventions of 2025</a>. Jetson is on a mission to replace fossil-fueled heating systems with advanced electric heat pumps that cut emissions, save on energy and lower costs for homeowners across North America.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2560" height="1417" src="https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761.jpg" alt="Jetson Air Pump" class="wp-image-6267" srcset="https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761.jpg 2560w, https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761-540x299.jpg 540w, https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761-534x296.jpg 534w, https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761-768x425.jpg 768w, https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761-1536x850.jpg 1536w, https://inbcinvestment.com/wp-content/uploads/2025/11/Jetson-Air-Pump-scaled-e1764179744761-2048x1134.jpg 2048w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /><figcaption class="wp-element-caption">Jetson employees working on its all-electric Jetson Air heat pump.</figcaption></figure>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="500" height="339" src="https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_MineSense.png" alt="MineSense logo" class="wp-image-5270"/></figure>
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<h6 class="wp-block-heading">Supported by Evok Innovations</h6>



<p class="wp-block-paragraph">For the fifth year in a row, <a href="https://minesense.com/" target="_blank" rel="noreferrer noopener">MineSense Technologies</a> has been recognized by <a href="https://www.deloitte.com/ca/en/Industries/technology/research/fast50-winners.html" target="_blank" rel="noreferrer noopener">Deloitte&#8217;s Technology Fast 50</a> as one of the fastest-growing technology companies in Canada. MineSense’s technology unlocks orebody knowledge in real-time, improving ore recovery, minimizing environmental impact and increasing efficiency in mining operations such as in the critical minerals industry essential to the energy transition.</p>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="578" height="219" src="https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Photonic.png" alt="Photonic logo" class="wp-image-4952" srcset="https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Photonic.png 578w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Photonic-540x205.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/03/Logo_Photonic-534x202.png 534w" sizes="auto, (max-width: 578px) 100vw, 578px" /></figure>
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<h6 class="wp-block-heading">Supported by Yaletown Partners</h6>



<p class="wp-block-paragraph"><a href="https://photonic.com/" target="_blank" rel="noreferrer noopener">Photonic</a> has advanced to <a href="https://photonic.com/news/photonic-inc-advances-to-stage-b-of-darpas-quantum-benchmarking-initiative/" target="_blank" rel="noreferrer noopener">Stage B of Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI)</a>, the stage of validation which will assess the plausibility of its R&amp;D roadmap towards industrial quantum performance. Photonic is building one of the world’s first commercial-scale quantum computing systems, with potential use case for a wide range of industries.</p>
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<figure class="wp-block-image size-full"><img decoding="async" src="https://inbcinvestment.com/wp-content/uploads/2025/05/Logo_SALUS.svg" alt="SALUS logo" class="wp-image-5257"/></figure>
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<h6 class="wp-block-heading">Supported by Yaletown Partners</h6>



<p class="wp-block-paragraph"><a href="https://www.salussafety.io/en-ca" target="_blank" rel="noreferrer noopener">SALUS</a> has launched a smarter version of its <a href="https://ai.salussafety.io/" target="_blank" rel="noreferrer noopener">SALUS IQ</a>, its AI-powered engine that searches across thousands of safety regulations, manuals and best practices to provide immediate answers for the construction industry. SALUS’ digital safety platform is helping construction teams to simplify risk management, enhance compliance and improve safety.</p>



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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1318" height="661" src="https://inbcinvestment.com/wp-content/uploads/2025/11/SALUS-IQ-Screenshot.png" alt="SALUS IQ" class="wp-image-6269" srcset="https://inbcinvestment.com/wp-content/uploads/2025/11/SALUS-IQ-Screenshot.png 1318w, https://inbcinvestment.com/wp-content/uploads/2025/11/SALUS-IQ-Screenshot-540x271.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/11/SALUS-IQ-Screenshot-534x268.png 534w, https://inbcinvestment.com/wp-content/uploads/2025/11/SALUS-IQ-Screenshot-768x385.png 768w" sizes="auto, (max-width: 1318px) 100vw, 1318px" /><figcaption class="wp-element-caption">SALUS’s AI-powered search engine for construction safety and compliance.</figcaption></figure>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="768" height="240" src="https://inbcinvestment.com/wp-content/uploads/2025/04/Logo-ShopVision.png" alt="ShopVision logo" class="wp-image-5897" srcset="https://inbcinvestment.com/wp-content/uploads/2025/04/Logo-ShopVision.png 768w, https://inbcinvestment.com/wp-content/uploads/2025/04/Logo-ShopVision-540x169.png 540w, https://inbcinvestment.com/wp-content/uploads/2025/04/Logo-ShopVision-534x167.png 534w" sizes="auto, (max-width: 768px) 100vw, 768px" /></figure>
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<h6 class="wp-block-heading">Supported by Brightspark Ventures</h6>



<p class="wp-block-paragraph"><a href="https://www.shopvision.ai/" target="_blank" rel="noreferrer noopener">ShopVision</a> has <a href="https://www.shopvision.ai/blog/how-shopvision-uses-similarweb-data-to-power-ai-for-ecommerce-marketing" target="_blank" rel="noreferrer noopener">partnered with Similarweb</a> to bring traffic trend data into its industry-wide reporting. An AI super agent and e-commerce intelligence platform, ShopVision is helping merchants to understand the market in real-time and respond quickly. &nbsp;</p>
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1982" height="408" src="https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_Veritree.png" alt="Veritree logo" class="wp-image-5277" srcset="https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_Veritree.png 1982w, https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_Veritree-540x111.png 540w, https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_Veritree-534x110.png 534w, https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_Veritree-768x158.png 768w, https://inbcinvestment.com/wp-content/uploads/2023/12/Logo_Veritree-1536x316.png 1536w" sizes="auto, (max-width: 1982px) 100vw, 1982px" /></figure>
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<h6 class="wp-block-heading">Supported by Pender Ventures</h6>



<p class="wp-block-paragraph"><a href="https://www.veritree.com/" target="_blank" rel="noreferrer noopener">Veritree</a> is another B.C. company that has been recognized in <a href="https://www.deloitte.com/ca/en/Industries/technology/research/fast50-winners.html" target="_blank" rel="noreferrer noopener">Deloitte&#8217;s Technology Fast 50</a> as one of the fastest growing companies in Canada. Veritree helps businesses invest confidently in restoration projects with real-time, on-the-ground data providing transparency and measurable impact. In October, Veritree’s corporate partners pledged 6.9 million tree plantings as part of their commitments to ecosystem restoration.</p>



<p class="wp-block-paragraph">A few months back, Veritree was also named in The Globe and Mail’s ranking of <a href="https://can01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.theglobeandmail.com%2Fbusiness%2Frob-magazine%2Ftop-growing-companies%2Farticle-ranking-canadas-top-growing-companies-of-2025%2F&amp;data=05%7C02%7CEva.Zhu%40inbcinvestment.ca%7C0ac37ce8fe6f454e41df08de2ee3768b%7C77ec6d9dc3ce4048a1e346e623d2473d%7C0%7C0%7C638999751670818944%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=cDrSXRvXjTqJLdfinKXn4zyeVhX1f9%2FP7TJtMTWv1X4%3D&amp;reserved=0" target="_blank" rel="noreferrer noopener">Canada’s Top Growing Companies</a>. All three of the Pender invested companies named in the list — Veritree, <a href="https://jane.app/" target="_blank" rel="noreferrer noopener">Jane App</a> and <a href="https://tractionrec.com/" target="_blank" rel="noreferrer noopener">Traction Rec</a> — are notably based in B.C. (Note: Pender invested in Jane prior to InBC’s commitment and it is not counted under our portfolio)</p>



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<p class="wp-block-paragraph">These are just a few examples of the companies and funds in our portfolio driving impact both here in B.C. and across the globe.</p>



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<div class="wp-block-button"><a class="wp-block-button__link wp-element-button" href="/portfolio/">See InBC’s Full Portfolio</a></div>
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<p class="wp-block-paragraph">Subscribe to the InBC newsletter for the latest news and updates: <a href="/subscribe/">Subscribe Now</a></p>
<p>The post <a href="https://inbcinvestment.com/inbc-portfolio-updates-december-2025/">InBC Portfolio News &amp; Updates: December 2025 Edition</a> appeared first on <a href="https://inbcinvestment.com">InBC Investment Corp</a>.</p>
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		<title>Impact Spotlight: Evok Innovations &#038; Yaletown Partners</title>
		<link>https://inbcinvestment.com/impact-spotlight-evok-innovations-yaletown-partners/</link>
		
		<dc:creator><![CDATA[inbc_admin]]></dc:creator>
		<pubDate>Fri, 15 Sep 2023 19:52:00 +0000</pubDate>
				<category><![CDATA[Impact]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[AI]]></category>
		<category><![CDATA[clean energy]]></category>
		<category><![CDATA[climate action]]></category>
		<category><![CDATA[Evok Innovations]]></category>
		<category><![CDATA[Inverted AI]]></category>
		<category><![CDATA[Minesense]]></category>
		<category><![CDATA[net zero]]></category>
		<category><![CDATA[Tech]]></category>
		<category><![CDATA[Yaletown Partners]]></category>
		<category><![CDATA[Zenhub]]></category>
		<guid isPermaLink="false">https://inbcinvestcorp.ca/?p=1241</guid>

					<description><![CDATA[<p>InBC invests in companies and venture funds with strong connections to British Columbia (B.C.). After the launch of our Investment [&#8230;]</p>
<p>The post <a href="https://inbcinvestment.com/impact-spotlight-evok-innovations-yaletown-partners/">Impact Spotlight: Evok Innovations &amp; Yaletown Partners</a> appeared first on <a href="https://inbcinvestment.com">InBC Investment Corp</a>.</p>
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<p class="wp-block-paragraph">InBC invests in companies and venture funds with strong connections to British Columbia (B.C.). After the <a href="/wp-content/uploads/2024/01/InBC-Investment-Policy-Statement-Dec-2023.pdf" target="_blank" rel="noreferrer noopener">launch of our Investment Policy Statement</a>, we began investing in venture funds to effectively reach a broad range of companies at different stages of growth, leverage the sector expertise of existing fund managers and increase the number of investors in the province who can provide capital to businesses.</p>



<p class="wp-block-paragraph">Since our first investments, the funds in our portfolio have been actively sourcing and investing in B.C.-based companies that are driving innovation, creating quality jobs and generating measurable impact. We are excited to profile some of the companies two of our portfolio funds, Evok Innovations and Yaletown Partners, have invested in.</p>



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<h4 class="wp-block-heading">Evok Innovations</h4>



<p class="wp-block-paragraph">Driven by the global momentum towards a net-zero future, <a href="https://www.evokinnovations.com/" target="_blank" rel="noreferrer noopener">Evok Innovations</a> is investing in technologies that are accelerating the energy sector’s transition to clean energy. InBC invested $10 million in Evok Innovation’s Fund II, aligning with our impact objective to drive climate action.</p>



<p class="wp-block-paragraph">Learn more about Evok Innovations and the companies they invest in with their <a href="https://www.evokinnovations.com/_files/ugd/33bfab_b2c9fc1857844c309be94bf88cbba3f3.pdf" target="_blank" rel="noreferrer noopener">2022 Impact Report.</a></p>



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<p class="wp-block-paragraph">Evok Innovations participated in <a href="https://minesense.com/" target="_blank" rel="noreferrer noopener">MineSense’s</a> Series E funding round which closed at $42 million. MineSense is a pioneer in smart mining solutions allowing the mining industry to deliver more metals with less impact on the environment.</p>
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<p class="wp-block-paragraph">In 2017, MineSense partnered with B.C.-based Teck Resources in a successful trial of its signature solution, ShovelSense, a robust sensor installed on mining equipment that instantly and accurately characterizes ore mined with each bucket. This real-time visibility into the orebody improves grade control and ore recovery, and reduces power, reagent and water consumption. Along with its complementary product, BeltSense, which is installed at the plant, MineSense is optimizing the entire mining process. Its technologies have been adopted by both major mines in B.C. and some of the largest copper mines in South America.</p>



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<p class="wp-block-paragraph">MineSense’s Series E funding is being used to accelerate its commercial growth and its expansion into additional types of critical metals. Its technology is enabling the mining industry to maximize ore recovery, enhance efficiencies and reduce the carbon intensity of their operations. It is supporting the transition to a low-carbon economy by improving access to sustainably mined minerals needed for electrification, energy generation and storage components.</p>



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<p class="wp-block-paragraph">MineSense is expanding locally and globally. The company will relocate its B.C. headquarters to a new 32,000-square-foot space in Vancouver in the fall and opened a regional headquarter in Chile this April. As a proud contributor and collaborator in the B.C. technology ecosystem, its growing team, which includes top data scientists, data engineers, geoscientists and software engineers, is creating opportunities for high technology jobs in B.C.</p>



<p class="wp-block-paragraph">MineSense’s growth and innovation are well recognized, including by Sustainable Development Technology Canada (SDTC) as one of Canada’s Sustainability Changemakers for 2023, the 2023 BC Export Awards in the Natural Resources category, Deloitte in its 2022 Technology Fast 50 TM list and Cleantech Group’s 2022 Global Cleantech 100 which lists the top global innovators across 20 countries. More recently, it is a finalist in BC Tech’s 2023 Technology Impact Awards.</p>



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<h4 class="wp-block-heading">Yaletown Partners</h4>



<p class="wp-block-paragraph"><a href="https://yaletown.com/" target="_blank" rel="noreferrer noopener">Yaletown Partners</a> invests in the Intelligent Industry of companies using the application of data and technology to digitally transform and modernize industries. InBC invested $10 million in Yaletown Innovation Growth Fund II, aligning with our impact objective to innovate for the future.</p>



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<p class="wp-block-paragraph">Yaletown Partners led <a href="https://www.zenhub.com/" target="_blank" rel="noreferrer noopener">Zenhub’s</a> Series A funding round which raised $10 million. Zenhub is a leading project management platform enabling software teams to become more efficient through agile automations. With Zenhub, development teams can manage projects entirely in GitHub. The platform facilitates team collaboration and gives stakeholders both internally and externally visibility into project progress.</p>
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<p class="wp-block-paragraph">Zenhub’s Series A funding is being used to expand its platform to give non-technical users access to create issues, tasks and track projects. As non-technical users are increasingly becoming involved in the development process, this expansion is making Zenhub approachable to more employees and bringing its productivity solutions beyond technical teams. Organizations are benefitting from the enhanced security, cost savings and improved collaboration.</p>



<p class="wp-block-paragraph">Zenhub is certified as a Great Place to Work® by Great Place to Work® Institute Canada. Recently, the company published a <a href="https://www.zenhub.com/reports/software-developer-happiness" target="_blank" rel="noreferrer noopener">Software Developer Happiness Report</a> from a survey of 380 developers around the world.</p>



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<p class="wp-block-paragraph">Yaletown Partners participated in&nbsp;<a href="https://www.inverted.ai/" target="_blank" rel="noreferrer noopener">Inverted AI</a>’s seed funding round which closed at $1.4 million. A spinout from UBC’s Creative Destruction Lab, Inverted AI is a research and product company using deep learning and generative AI to predict the behaviour of drivers, cyclists and pedestrians, for companies developing self-driving vehicles.&nbsp;&nbsp;</p>



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<p class="wp-block-paragraph"><video autoplay="" loop="" src="https://www.inbcinvestment.ca/app/uploads/sites/628/2023/09/Inverted-AI-Intersection-Video.mp4"></video><video autoplay="" loop="" preload="auto" src="https://www.inbcinvestment.ca/app/uploads/sites/628/2023/09/Inverted-AI-Driving-Video-1.mp4"></video></p>



<p class="wp-block-paragraph">Inverted AI builds AI agents known as non-playable characters (NPC) that behave like humans and simulate real driving behaviour, including the irrational human element, based on learning from massive quantities of video data. Its simulated environments are statistically accurate, with human-like NPCs that are reactive, realistic and diverse. By minimizing the amount of programing and replay required to validate and train autonomous vehicles, Inverted AI is accelerating the development of self-driving cars and advanced driver-assistance systems.&nbsp;&nbsp;</p>



<p class="wp-block-paragraph">Inverted AI was recently highlighted by Business in Vancouver (BIV) in its&nbsp;<a href="https://biv.com/article/2023/05/how-artificial-intelligence-already-powering-work-bc" target="_blank" rel="noreferrer noopener">feature</a>&nbsp;on B.C. companies using machine learning and artificial intelligence.</p>



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<p class="wp-block-paragraph">InBC is investing in companies and venture funds to generate financial returns alongside measurable economic, social and environmental impacts. Are you an innovative company or fund with strong connections to B.C. and seeking investment to support your growth? Learn more about our&nbsp;<a href="/companies">investment criteria</a>&nbsp;and&nbsp;<a href="/impact/#objectives" target="_blank" rel="noreferrer noopener">impact objectives</a>&nbsp;and consider submitting your information through our website to be reviewed by our investment team.&nbsp;&nbsp;</p>
<p>The post <a href="https://inbcinvestment.com/impact-spotlight-evok-innovations-yaletown-partners/">Impact Spotlight: Evok Innovations &amp; Yaletown Partners</a> appeared first on <a href="https://inbcinvestment.com">InBC Investment Corp</a>.</p>
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