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Strengthening Indigenous leadership in British Columbia’s forest sector

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VANCOUVER, BC, Aug. 4, 2026 /CNW/ — Canada’s forest sector is facing significant pressure: unjustified tariffs, supply chain constraints, shifting global markets and the impacts of climate change. These challenges are being felt in British Columbia, where the forest sector plays an important role in the province’s economy and in the economic well-being of Indigenous communities.

Today, Wade Grant, Parliamentary Secretary to the Minister of Environment and Climate Change, announced over $1.2 million in funding to Iskum Investments LP for a project that will lay the groundwork for a potential new state-of-the-art wood processing facility in coastal British Columbia that would be majority Indigenous-owned and operated and could support over 700 jobs along British Columbia’s coast.

The funding, provided by Natural Resources Canada’s Indigenous Forestry Initiative, will support the completion of a detailed commercial, technical and financial analysis needed to reach a final investment decision.

Amidst a volatile global environment, the Government of Canada is focusing on what we can control by supporting the forest sector to adapt and thrive for generations to come. We are investing in innovation and fostering strong partnerships to create opportunities for Indigenous participation and leadership, strengthen local economies and support the prosperity of forest-reliant communities across British Columbia and beyond.

Quotes

“Canada’s forests provide good jobs and sustainable economic growth from coast to coast to coast. Thanks to investments like these and leadership by Indigenous partners, our government is proud to help stabilize the industry today while building a stronger future for tomorrow.”

The Honourable Tim Hodgson
 Minister of Energy and Natural Resources

“Indigenous Peoples are leading innovative and sustainable approaches to forest stewardship and economic development across British Columbia. Our investment in this project is just one way our government supporting Indigenous-led initiatives that will create long-term economic opportunities, strengthen community capacity and help ensure the forest sector remains a source of prosperity for generations to come.”

Wade Grant
Parliamentary Secretary to the Minister of Environment and Climate Change

“We’re working to restore confidence in the coastal forest sector. These communities have been the pillars of forestry — they’ve also felt the impacts of the immense challenges we’re facing. This announcement brings hope to the region with the potential of hundreds of jobs, greater fibre flow and a stronger local forest economy. We will continue to work alongside the federal government to support B.C. forestry workers.”

The Honourable Ravi Parmar
British Columbia’s Minister of Forests

“Our Nations are investing our own capital because we believe the future of coastal forestry should include First Nations not only as tenure holders but as owners, manufacturers and partners in growing the economy. We are grateful to the Government of Canada for standing with us at this stage, and we recognize the Government of British Columbia for its early support in helping establish Iskum. Since then, our Nation-owned businesses have come together with an experienced board and management team to build the foundation for this work.

This study is an important first step, undertaken with care and diligence, toward building a stronger, more resilient coastal forest sector. It reflects what becomes possible when First Nations work together — not only to create more value from the resources in our territories but to create lasting prosperity for our Nations, workers and neighbouring communities and help build a stronger future for British Columbia and Canada.”

Sayaač̓atḥ John Jack
Chief Councillor of Huu-ay-aht First Nations and founding partner of Iskum Investments LP

Quick Facts

Canada’s forest sector is a major economic driver, supporting nearly 200,000 workers, including over 11,000 Indigenous people, and contributing more than $20 billion to our GDP. British Columbia’s forest sector supports almost 50,000 jobs and provides nearly $5.54 billion to real GDP (1.8 percent of total GDP for the region).Since August 2025, the Government of Canada has introduced over $2.6 billion in measures designed to defend and transform Canada’s forest sector, including the renewal of Natural Resources Canada’s suite of forest sector transformation programs. As part of this, the Government of Canada is expanding and launching new supports through the Business Development Bank of Canada (BDC) and providing an additional $400 million to Canada’s Regional Development Agencies.In June, the federal government released its draft Forest Sector Action Plan, informed by the recommendations of the Canadian Forest Sector Transformation Task Force. The draft action plan will support collaboration with provinces, territories, Indigenous Peoples and other key partners. This work will come together by the end of 2026 in a formal Forest Sector Strategy for Canada.The Indigenous Forestry Initiative aims to advance reconciliation by supporting Indigenous-identified priorities to accelerate First Nations, Inuit and Métis groups’ awareness, influence, inclusion and leadership in the forest sector.

Related Products

Canada launches Forest Sector Action Plan (June 4, 2026)Canada advances forest sector transformation to protect jobs and strengthen communities nationwide (June 3, 2026) Government of Canada launches $500 million in support for retooling Canada’s forest sector (February 25, 2026)Prime Minister Carney announces new measures to transform Canada’s softwood lumber industry (August 5, 2025)

Associated Links

Indigenous Forestry InitiativeDraft Action Plan to Transform Canada’s Forest Sector Canadian Forest Sector Transformation Task ForceCanada’s softwood lumber industrySupport for Canada’s Forest Sector Employers and WorkersSoftwood Lumber Guarantee ProgramIskum Investments (English only)

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Positron AI Named to the Inaugural 2026 AI 100 List of Top Private AI Companies

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Recognition comes amid a period of significant momentum for Positron, following its $875 million Series C and expanding AI inference deployments

RENO, Nev., Nov. 12, 2026 /PRNewswire/ — Positron AI, the AI inference hardware company built to make generative AI dramatically cheaper and more energy-efficient, today announced it has been named to the inaugural 2026 AI 100, the definitive ranking of the top 100 private AI companies in the world, published by Newcomer in collaboration with Bessemer Venture Partners.

The inaugural AI 100 recognizes leading private companies driving innovation across the AI ecosystem. Positron’s inclusion reflects its progress in bringing purpose-built inference technology to market as growing AI adoption drives demand for more cost- and energy-efficient infrastructure.

“We’re honored to be recognized among the companies shaping the future of AI,” said Mitesh Agrawal, CEO of Positron AI. “Making AI inference profitable, scalable and accessible takes advanced technology and a business and supply chain built to serve some of the world’s largest technology companies. Positron combines deep semiconductor and systems expertise with customer-driven development and investor backing to position us for growth. I’m proud of the business we’re building as we serve customers today and develop our next generation of technology, and grateful to our team, customers, partners and investors for their support.”

Positron’s recognition follows a series of major company milestones. In September, the company announced an $875 million Series C financing at a $5 billion valuation to accelerate development of its next-generation Asimov silicon, ramp production of Titan and expand manufacturing capacity. Positron has also deployed more than 50 racks of Atlas, its first-generation inference system, at Oracle Cloud Infrastructure. Most recently, the company announced a partnership with General Compute, which is purchasing Atlas systems and has committed to adopting Titan to support next-generation AI workloads.

The inaugural AI 100 evaluated nominated companies and recognized category leaders across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). Only independent AI companies that have not had a majority strategic or private equity M&A transaction or a public listing were eligible. Honorees span foundation models, AI infrastructure and compute, developer tools and agents, AI apps, vertical AI, security, physical AI and robotics, and deeptech and AI for science.

“The artificial intelligence startup set plays by its own rules: there are upstarts with unprecedented revenue growth, companies profiting off of seemingly insatiable inference spending, highly valued speculative research labs, and wildly ambitious robotics companies. These AI native startups are already reshaping the global economy. With our friends at Bessemer, we rethought what matters for the AI age, bringing together the most promising startups harnessing foundation models to transform our digital and physical world,” said Eric Newcomer, founder of Newcomer.

“The AI 100 puts a spotlight on the top 100 companies driving the AI economy forward, built by a generation of founders moving at a speed and scale we’ve never seen before. We’re already seeing that exponential value creation play out across infra, AI applications, and physical AI. The remarkable part is that it’s still early: this inaugural cohort is just the starting point, a natural evolution of our decade-long Cloud 100 franchise,” said Byron Deeter, partner at Bessemer Venture Partners.

The inaugural AI 100 is published at ai100.newcomer.co, and was unveiled live onstage at the Cerebral Valley AI Summit in San Francisco.

About Positron AI
Positron AI builds hardware and software to make AI inference dramatically cheaper and more energy efficient. The company’s shipping product, Atlas, is deployed at hyperscaler scale today, and its next-generation custom silicon, Asimov, tapes out in late 2026 with production in the second half of 2027. Asimov powers Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads. Positron’s energy-efficient architecture allows its systems to be deployed in air-cooled or liquid-cooled data centers at varying rack densities, without dependence on constrained HBM or CoWoS supply chains. Learn more at positron.ai.

About Newcomer
Newcomer is a media company covering the business of startups and venture capital, founded by independent journalist Eric Newcomer. We write a newsletter, produce a podcast, host technology summits, and more. https://www.newcomer.co/ 

About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations from inception to build enduring companies. With more than 155 IPOs and 450-plus portfolio companies across industries, Bessemer supports founders and CEOs from seed through every stage of growth. Bessemer has backed industry-defining companies including Anthropic, Abridge, Canva, LinkedIn, Perplexity, Pinterest, RocketLab, Shopify, ServiceTitan, Toast, and Twilio, and has $20 billion of assets under management. Bessemer invests globally, with investment teams located in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv. www.bvp.com 

Media Contact:
Inkhouse
press@positron.ai 

View original content to download multimedia:https://www.prnewswire.com/news-releases/positron-ai-named-to-the-inaugural-2026-ai-100-list-of-top-private-ai-companies-302938023.html

SOURCE Positron AI

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Positron AI Named to the Inaugural 2026 AI 100 List of Top Private AI Companies

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Recognition comes amid a period of significant momentum for Positron, following its $875 million Series C and expanding AI inference deployments

RENO, Nev., Nov. 12, 2026 /PRNewswire/ — Positron AI, the AI inference hardware company built to make generative AI dramatically cheaper and more energy-efficient, today announced it has been named to the inaugural 2026 AI 100, the definitive ranking of the top 100 private AI companies in the world, published by Newcomer in collaboration with Bessemer Venture Partners.

The inaugural AI 100 recognizes leading private companies driving innovation across the AI ecosystem. Positron’s inclusion reflects its progress in bringing purpose-built inference technology to market as growing AI adoption drives demand for more cost- and energy-efficient infrastructure.

“We’re honored to be recognized among the companies shaping the future of AI,” said Mitesh Agrawal, CEO of Positron AI. “Making AI inference profitable, scalable and accessible takes advanced technology and a business and supply chain built to serve some of the world’s largest technology companies. Positron combines deep semiconductor and systems expertise with customer-driven development and investor backing to position us for growth. I’m proud of the business we’re building as we serve customers today and develop our next generation of technology, and grateful to our team, customers, partners and investors for their support.”

Positron’s recognition follows a series of major company milestones. In September, the company announced an $875 million Series C financing at a $5 billion valuation to accelerate development of its next-generation Asimov silicon, ramp production of Titan and expand manufacturing capacity. Positron has also deployed more than 50 racks of Atlas, its first-generation inference system, at Oracle Cloud Infrastructure. Most recently, the company announced a partnership with General Compute, which is purchasing Atlas systems and has committed to adopting Titan to support next-generation AI workloads.

The inaugural AI 100 evaluated nominated companies and recognized category leaders across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). Only independent AI companies that have not had a majority strategic or private equity M&A transaction or a public listing were eligible. Honorees span foundation models, AI infrastructure and compute, developer tools and agents, AI apps, vertical AI, security, physical AI and robotics, and deeptech and AI for science.

“The artificial intelligence startup set plays by its own rules: there are upstarts with unprecedented revenue growth, companies profiting off of seemingly insatiable inference spending, highly valued speculative research labs, and wildly ambitious robotics companies. These AI native startups are already reshaping the global economy. With our friends at Bessemer, we rethought what matters for the AI age, bringing together the most promising startups harnessing foundation models to transform our digital and physical world,” said Eric Newcomer, founder of Newcomer.

“The AI 100 puts a spotlight on the top 100 companies driving the AI economy forward, built by a generation of founders moving at a speed and scale we’ve never seen before. We’re already seeing that exponential value creation play out across infra, AI applications, and physical AI. The remarkable part is that it’s still early: this inaugural cohort is just the starting point, a natural evolution of our decade-long Cloud 100 franchise,” said Byron Deeter, partner at Bessemer Venture Partners.

The inaugural AI 100 is published at ai100.newcomer.co, and was unveiled live onstage at the Cerebral Valley AI Summit in San Francisco.

About Positron AI
Positron AI builds hardware and software to make AI inference dramatically cheaper and more energy efficient. The company’s shipping product, Atlas, is deployed at hyperscaler scale today, and its next-generation custom silicon, Asimov, tapes out in late 2026 with production in the second half of 2027. Asimov powers Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads. Positron’s energy-efficient architecture allows its systems to be deployed in air-cooled or liquid-cooled data centers at varying rack densities, without dependence on constrained HBM or CoWoS supply chains. Learn more at positron.ai.

About Newcomer
Newcomer is a media company covering the business of startups and venture capital, founded by independent journalist Eric Newcomer. We write a newsletter, produce a podcast, host technology summits, and more. https://www.newcomer.co/ 

About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations from inception to build enduring companies. With more than 155 IPOs and 450-plus portfolio companies across industries, Bessemer supports founders and CEOs from seed through every stage of growth. Bessemer has backed industry-defining companies including Anthropic, Abridge, Canva, LinkedIn, Perplexity, Pinterest, RocketLab, Shopify, ServiceTitan, Toast, and Twilio, and has $20 billion of assets under management. Bessemer invests globally, with investment teams located in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv. www.bvp.com 

Media Contact:
Inkhouse
press@positron.ai 

View original content to download multimedia:https://www.prnewswire.com/news-releases/positron-ai-named-to-the-inaugural-2026-ai-100-list-of-top-private-ai-companies-302938023.html

SOURCE Positron AI

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Squeez and Qentelli Partner to Scale the Next Layer of Loyalty Commerce

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$1 million strategic investment combines growth capital with Qentelli’s global engineering and enterprise AI capabilities as Squeez scales a new commerce layer connecting loyalty, access and experiences

TAMPA, Fla., Nov. 12, 2026 /PRNewswire/ — Squeez, the platform where loyalty, access and experiences come together, today announced a strategic partnership and $1 million investment from Qentelli, a global digital engineering and enterprise AI company. The financing combines a corporate investment from Qentelli with a personal investment from founder and CEO Sanjay Jupudi.

The partnership brings together Squeez’s experience commerce platform and growing ecosystem of inventory and brand relationships with Qentelli’s global engineering capabilities to accelerate enterprise integrations, platform development and commercial expansion across travel, hospitality, entertainment and lifestyle.

“The loyalty industry has spent decades building extraordinary programs that reward consumers for their engagement,” said Chris Ogboke, founder and CEO of Squeez. “We believe the next opportunity is connecting that value to access and experiences consumers want most. As we move from building the platform to scaling it with enterprise brands, having the right technology partner matters enormously. Qentelli brings the engineering depth, enterprise experience and speed we need for that next chapter. Their decision to invest alongside us is strong validation of what we’re building together.”

Qentelli’s investment brings more than capital to Squeez. It represents a strategic bet on the next generation of enterprise commerce infrastructure. The company brings deep engineering experience across global QSR brands, major airlines, financial institutions and leading loyalty technology providers, along with the scale and enterprise expertise to support Squeez’s next phase of growth.

“Every industry eventually reaches an inflection point where technology enables an entirely new way of creating value and removing friction,” said Sanjay Jupudi, founder and CEO of Qentelli. “We believe loyalty has reached that moment. Squeez has built a platform that reimagines how loyalty can serve consumers while creating meaningful new opportunities for brands. We see the potential for this to become an important new commerce layer connecting brands, loyalty currencies, access and experiences. That is why Qentelli invested—and why I chose to invest personally alongside the company.”

The Opportunity Beyond Earning
Loyalty programs have become increasingly sophisticated at helping consumers earn value. The next opportunity is expanding where, when and how that value can become useful. Squeez is focused on what happens next: making that value more useful and relevant to consumers’ lives.

The platform connects loyalty currencies to bookable experiences, contextual commerce and personalized offers, allowing brands to engage customers around what they want to do—not simply what they want to buy.

“Consumers don’t think in terms of loyalty programs,” Ogboke said. “They think about what they want to do next: take a trip, play a round of golf, meet friends for dinner. Our job is to help brands become part of those moments by turning the loyalty value consumers have earned into access to more of the life they want to live.”

Building a New Layer of Loyalty Commerce
Squeez is building a new commerce, intelligence and engagement layer on top of existing loyalty infrastructure, connecting loyalty currencies with dynamic inventory, merchant ecosystems and real-time experiences. Brands can use Squeez to create engagement before, during and after traditional purchase and redemption moments without rebuilding the loyalty systems they already have.

Squeez is initially activating premium experiences in categories including golf, with a rapidly expanding pipeline spanning travel, hospitality, entertainment, dining and lifestyle.

Beyond its investment, Qentelli will serve as a strategic technology and engineering partner to Squeez, providing global engineering capabilities as the company scales its platform, accelerates enterprise integrations and expands its commercial ecosystem. The partnership positions Qentelli at the center of an emerging model connecting established loyalty infrastructure to new forms of commerce and consumer engagement.

Squeez expects to announce several significant commercial and strategic relationships with leading travel, hospitality and entertainment brands in the coming weeks.

About Squeez

Squeez is the platform where loyalty, access and experiences come together.

The Squeez Platform connects loyalty currencies, brands, experience providers and bookable inventory, enabling brands and experience providers to deepen customer engagement and unlock new revenue opportunities beyond traditional transactions without replacing their existing loyalty or technology infrastructure. For more information, visit trysqueez.com.

About Qentelli
Qentelli is a global digital engineering and enterprise AI company that helps the world’s largest organizations modernize and scale mission-critical technology platforms. Its experience spans major airlines, travel and hospitality companies, global quick-service restaurant brands, financial institutions and leading loyalty technology providers.

Led by founder and CEO Sanjay Jupudi, Qentelli brings deep expertise in quality engineering, DevOps, enterprise AI and digital transformation. www.qentelli.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/squeez-and-qentelli-partner-to-scale-the-next-layer-of-loyalty-commerce-302938344.html

SOURCE Squeez, Inc

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