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Bank of Montreal Backs $1 Billion Radical Ventures AI Fund

With over US$1 billion in institutional commitments, the new Radical Breakouts fund is positioning itself to scale late-stage artificial intelligence startups into global market leaders. The strategy, launched by Toronto-based Radical Ventures, marks a significant push to bridge the capital gap for maturing technology companies in Canada and beyond.

Bank of Montreal Backs $1 Billion Radical Ventures AI Fund

Bank of Montreal joined the initiative as part of a broader mandate to strengthen national economic resilience through targeted investment. The lender recently pledged to mobilize 70 billion Canadian dollars—roughly US$50.4 billion—toward critical sectors including AI computing over the next decade. By providing late-stage support, the bank aims to accelerate the commercialization of homegrown technologies that often struggle to transition from innovative startups to global champions. This capital injection seeks to ensure that promising AI ventures have the necessary resources to scale operations without relying on foreign acquisition or stalling in the growth phase.

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