Arca has been selected for the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) Clean Tech initiative, securing up to $2 million funding and federal advisory services for a $7.4 million research, development and demonstration project. The project will advance Arca’s Mineral Activation and Engineered Carbonation technologies from laboratory scale to field deployment, enabling high-performance carbon removal using alkaline industrial waste.

Vancouver-based AquaEye has completed a third procurement with the U.S. Air Force, which is expanding its deployment of AquaEye Pro intelligent sonar scanners. AquaEye technology, designed to quickly locate humans under water, is currently used by hundreds of first responders, government agencies and military units across the world.

The company has also launched Command Hub, a new search management platform that overlays data collected from multiple AquaEye Pro scanners onto live maps, enabling operators to coordinate searched areas, coverage gaps and rescue efforts in real time.

AquaEye Command Hub and AquaEye Pro water rescue technology.

Vancouver-based ChopValue is expanding its presence in the United Kingdom with plans to open a London Microfactory to meet growing demand from new and existing commercial partners. ChopValue’s first entry into the U.K. market began with a Liverpool Microfactory, which has so far diverted 13 million chopsticks from landfills and collaborated with leading brands such as Wagamama and Yo! Sushi.

Custom-manufactured ChopValue installations featured at commercial locations in the U.K.

Clarius Mobile Health’s Ejection Fraction (EF) AI has been cleared for use by the United States Federal Department of Food and Drug Administration (FDA). The intelligent cardiac assessment tool, now available, integrates directly with the Clarius Ultrasound App to provide clinicians with automated, objective measurement of left ventricular function.

Demonstration of Clarius Ejection Fraction AI.

Novarc Technologies has partnered with Yaskawa America to integrate its AI-powered adaptive welding intelligence platform with the Yaskawa robotic platform, combining Novarc’s leadership in Physical AI and welding intelligence with Yaskawa’s industrial automation and robotics expertise across a wide range of industries and applications.

In May, the company also signed an MOU with Hanwha Ocean, one of the world’s largest shipbuilders, to collaborate on the development of AI-powered manufacturing processes in the maritime sector.

MOU signing between Novarc Technologies and Hanwha Ocean.

ThoughtExchange, based in Rossland, B.C., continues to expand its market presence across North America. Most recently, it has partnered with AASA, The School Superintendents Association, to harness strategic insights from the collective perspectives of its members over time and support school system leaders across the United States. AASA currently represents more than 10,000 school system leaders and 50 million students across the nation.

Supported by Evok Innovations

Moment Energy has opened its Megafactory 1, the world’s largest EV battery repurposing facility, in Surrey, B.C. The facility is transforming retired EV batteries into energy storage systems that support critical infrastructure, including data centres, hospitals, factories and microgrids. It is expected to produce 1 GWh of battery energy storage systems by 2030, supporting the domestic battery energy storage manufacturing capacity.

Moment Energy’s Megafactory 1 in Surrey, B.C.

Supported by Pender Ventures

Vancouver-based Traction Complete has been named one of the Best Workplaces^TM in Canada 2026 by Great Place to Work®. Ninety-seven percent of employees rate Traction Complete as a great place to work, compared to 62% at a typical company.

Learn more about working for Traction Complete and see career opportunities: https://tractioncomplete.com/careers/

Arca has signed an agreement with Giga Metals to explore a 220-million-tonne carbon dioxide removal (CDR) project in B.C. Arca’s Industrial Mineralization pathway leverages existing industrial operations and repurposes alkaline waste to capture and permanently store atmospheric CO₂. This agreement gives Arca exclusive rights to evaluate the potential of the site’s ultramafic waste rock for CDR.

Aspect Biosystems has entered into a new phase of its partnership with Novo Nordisk to develop curative medicines for diabetes. This new phase builds on the existing partnership to develop advanced cellular medicines designed to replace, repair or supplement biological functions, including an islet replacement therapy for type 1 diabetes that can restore blood glucose control without the need for chronic immune suppression.

ChopValue continues to showcase how its circular wood furniture solutions can be applied across industries. From wall panels at Rally Pickleball in Charlotte, North Carolina to custom boardroom tables for a well-known Canadian non-profit, this Vancouver company is helping organizations build sustainable spaces, transforming locally recycled chopsticks into premium wood furniture.

Mangrove Lithium has announced financing from the Canada Growth Fund and other existing investors. This investment comes at a pivotal moment of the company’s growth as it accelerates Final Investment Decision for a second 20,000-tonne plant in Canada, and will support operations at its commercial plant in British Columbia. The company recently completed Phase 1 construction of its lithium refining facility in Delta, B.C., marking a major milestone in Canada’s clean energy future and the domestic battery-grade lithium supply chain.

Following the grand opening of its new headquarters in Victoria, B.C., MarineLabs continues to expand its marine technology across North America, including deploying new sensor nodes in Savannah, Georgia — bringing the B.C. company’s coastal intelligence technology to the U.S. southeast coast for the first time.   

Grand opening of MarineLabs’ new headquarters in Victoria, B.C.

Novarc Technologies has appointed Donato Montanari as Chief Technology Officer. Montanari brings more than three decades of experience in artificial intelligence (AI), machine vision and industrial automation. As CTO, he will spearhead the company’s technical vision at a critical point of the company’s growth as it advances its suite of technology solutions to meet industrial demand in B.C., Canada and globally.

Burnaby-based Svante has commenced operation of its carbon dioxide capture demonstration unit at the Mercer Peace River pulp mill in northern Alberta. The pilot project will evaluate Svante’s solid sorbent carbon capture technology on biogenic CO₂ emissions from the mill’s recovery boiler flue gas. This demonstration phase will enable Svante to gather practical data to assess future opportunities for commercial-scale carbon capture in the wider pulp and paper industry.  

Supported by Pender Ventures

Traction Complete has launched its new product, Complete Discover. Complete Discover turns Google Sheets into account data for experimenting with AI enrichment, testing prompts and uncovering go-to-market insights. These AI enrichment prompts can then be deployed into Salesforce using Complete AI.

Supported by Pender Ventures

Veritree has partnered with Manulife to launch Manulife Impact Forests. Manulife Impact Forests is implementing veritree’s Smart Forest technology, which will provide real-time insights and transparency for its restoration projects. To date, Manulife Impact Forests has restored over 160 hectares of land across the globe, including planting trees at the Nicola Watershed in British Columbia which had suffered extensive wildfire damage.

4AG Robotics is celebrating 12 million mushrooms picked in 2025, an increase from two million in 2024. To accommodate its growth — with worldwide orders of its harvesting robots 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.

The company has also been snatching up accolades. It was recently recognized at the FIRA USA – World Ag Robotics Forum as Best Startup 2025. Earlier this year it picked up the same title at World FIRA, 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.

Arca has signed an agreement with Microsoft 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 CO₂ 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.  

Vancouver-based ChopValue has expanded in the EMEA with a new satellite office in Copenhagen and its first microfactory in Madrid. Its parent company, Microfactory Venture Platform (MVP), is an approved vendor for Restaurant Brands Europe, which will enable ChopValue’s locally based microfactories to manufacture full-service furniture solutions for brands such as Popeyes and Burger King starting in Spain, Italy and Portugal.

On the R&D side, it has partnered with Takenaka Corporation 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.

Pushing the boundaries of its sustainability, Mangrove Lithium is moving to commercialize a cement clinker substitute 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.

More recently, the company has received a follow-on commitment from NorthX to help demonstrate the continuous operation of its lithium refining platform — the final step before commercial deployment.

Vancouver-based Netskrt has been busy growing its presence worldwide. The global CDN with last-mile awareness recently announced an expansion in Brazil, 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 Guam Exchange, improving connectivity, content delivery and access to quality streaming for users across the Pacific region. Lastly, Netskrt has partnered with MIX, one of Italy’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.

Novarc’s Open House in November welcomed InBC, Seaspan, Pacific Economic Development Canada (PacifiCan) and Honourable Paul Choi, Parliamentary Secretary for Trade to its Burnaby headquarters. The company demonstrated its new SWR TIPTIG Autonomy, 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.

Novarc was recently named one of the fastest growing companies in North America in Deloitte’s Technology Fast 500 list.

Supported by Yaletown Partners

Inverted AI has partnered with Foretellix 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.

Supported by Active Impact Investments

North Vancouver-based Jetson’s Air heat pump has been named one of TIME’s Best Inventions of 2025. 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.

Supported by Evok Innovations

For the fifth year in a row, MineSense Technologies has been recognized by Deloitte’s Technology Fast 50 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.

Supported by Yaletown Partners

Photonic has advanced to Stage B of Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI), the stage of validation which will assess the plausibility of its R&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.

Supported by Yaletown Partners

SALUS has launched a smarter version of its SALUS IQ, 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.

Supported by Brightspark Ventures

ShopVision has partnered with Similarweb 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.  

Supported by Pender Ventures

Veritree is another B.C. company that has been recognized in Deloitte’s Technology Fast 50 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.

A few months back, Veritree was also named in The Globe and Mail’s ranking of Canada’s Top Growing Companies. All three of the Pender invested companies named in the list — Veritree, Jane App and Traction Rec — are notably based in B.C. (Note: Pender invested in Jane prior to InBC’s commitment and it is not counted under our portfolio)

4AG Robotics has introduced its Forager HX800 mushroom harvesting robot, which can harvest, trim and pack into punnets, detect disease and optimize stem length, and make real-time decisions for size, quality and placement. Developed in collaboration with commercial growers, the HX800 retrofits onto standard Dutch rack systems, and can operate 24/7 and service multiple rooms.

4AG was just named in The Globe and Mail’s annual list of the Top Growing Companies in Canada.

ChopValue has published its 2024 Urban Impact Report, which includes highlights such as 199 million chopsticks diverted from landfills, 9.7 million kg of CO₂ emissions saved and more than 80 micro-factories operating or in development worldwide. The company continues to install its climate-positive premium wood furniture, engineered from recycled chopsticks, for clients across the world including most recently at the office of global non-profit The Bridgespan Group and 7-Eleven in Hong Kong.

Clarius’ Median Nerve AI and Prostate AI technology are now approved in Canada and available for clinical use, helping healthcare providers to enhance the accuracy and speed of carpal tunnel and prostate assessments. The company also launched a new release of its Clarius App, improving patient care with AI-powered ultrasound tools for clinicians such as physiotherapists, plastic surgeons and veterinarians, and for ultrasound education.

Mangrove Lithium was part of the Critical Minerals Trade Mission to Japan, hosted by Natural Resources Canada (NRCan). CEO Dr. Saad Dara had the opportunity to present at the Canadian Critical Minerals Investment Seminar at the Canadian Embassy in Tokyo, sharing the company’s vision for clean, scalable lithium refining. The company was also able to connect with its trade partners in Japan and meet other organizations across the battery and clean energy value chain.

Netskrt Systems has teamed up with Lumen Technologies to scale its live-streaming services. Lumen will provide Netskrt with dynamic Edge Bare Metal (EMB) capacity to support the company’s rapidly expanding content delivery on a multi-national level, increasing Netskrt’s reach and providing more communities with access to high quality live streaming.  

Novarc Technologies has launched the SWR+TIPTIG Autonomy, an autonomous welding cobot that can perform high-precision TIG (Tungsten Inert Gas) welding. The world’s first fully autonomous robot for the TIG weld process, capable of x-ray quality TIG root welds, the SWR+TIPTIG Autonomy is setting a new standard for the pipe fabrication industry.

Novarc Technologies is a finalist in this year’s BC Technology Impact Awards in the Gamechanger AI category.

Svante has been awarded funding from Natural Resources Canada (NRCan) to enhance its testing capabilities on the durability of its filters for point of source carbon capture. This funding is part of the federal government’s larger investment in Canadian-made carbon management technologies, announced at Svante’s Centre of Excellence for Carbon Capture and Removal in Burnaby, B.C.

The company is also expanding its support for Speed Skating Canada to ensure Canadian athletes have the resources to perform at the highest level leading up to the Milano Cortina 2026 Olympic Winter Games. In 2024, Svante collaborated with Speed Skating Canada to highlight the adverse effects of climate change on outdoor winter sports. Svante’s branding will now be on national team uniforms throughout the 2025-26 season, bringing international awareness to the work it is doing to accelerate a cleaner, more sustainable future.

Svante is a finalist in this year’s BC Technology Impact Awards for the Company of the Year – Ambition category.

Poseidon Ocean Systems has reached a milestone, celebrating its 500th Depth Charge Plume (DCP) unit sold worldwide. Poseidon’s DCP oxygen diffuser technology is a key part of their end-to-end fish life support system for the aquaculture industry, offering advanced aeration, oxygenation and automation, enabling farms to improve fish welfare, increase efficiencies and reduce energy consumption.

Brightspark Ventures has led the seed round for ShopVision, a B.C.-based technology company with an e-commerce intelligence platform. An AI super agent helping merchants to understand the market in real-time and move quickly, ShopVision is already trusted by leading brands like Arc’teryx and Herschel.