- Railtown AI Technologies (CSE:RAIL) is undertaking a C$3.4 million private placement led by BlackBerry (TSX:BB) co-founders Mike Lazaridis and Doug Fregin
- Railtown offers AI developer tools and agentic frameworks for intelligent applications
- Railtown AI stock has given back 35 per cent year-over-year
Railtown AI Technologies (CSE:RAIL) is undertaking a C$3.4 million private placement led by BlackBerry (TSX:BB) co-founders Mike Lazaridis and Doug Fregin.
The capital raise, set at C$0.30 per unit, with warrants exercisable at C$0.45, will help Railtown advance its AI agent development platform, as well as collaborations with Canadian AI data providers, including Telus (TSX:T), with which it signed a software development deal in November 2025.
Lazaridis and Fregin, pioneers of the Canadian smartphone industry, grew BlackBerry, then Research in Motion, from a startup into one of Canada’s largest technology companies, reaching C$19 billion in annual revenue and a peak market value of C$68 billion.
“Canada develops exceptional talent, but too many feel they have to leave the country to pursue meaningful opportunities,” Lazaridis said in Tuesday’s news release. “It’s critical that we build companies, platforms and ecosystems here that allow Canadians to innovate, grow and compete globally. Railtown is building foundational AI technology in Canada, and I’m excited to support that vision.”
The investment continues the co-founders’ history of advancing Canadian science and technology, following their founding of Quantum Valley Investments, the Institute for Quantum Computing, the Perimeter Institute for Theoretical Physics and Quantum Valley Ideas Lab, each of which has helped to establish Canada as a hub for quantum research and commercialization.
“Having spent time working in Silicon Valley, I’ve seen firsthand how powerful a strong technology ecosystem can be,” added Cory Brandolini, chief executive officer of Railtown AI. “In the Valley, many of the most successful founders lead by example, actively investing in the next generation of startups, sharing hard-earned experience and providing valuable advisory insight. That culture of reinvestment is a major reason the ecosystem continues to thrive.”
“Mike and Doug’s decision to invest in Railtown sends a powerful signal about what’s possible when experienced Canadian founders support the next wave of innovation,” Brandolini added. “This investment, along with Mike’s involvement on the Advisory Board, will add invaluable strategic guidance, reinforcing Railtown’s mission to build a globally competitive AI company from Canada.”
About Railtown AI Technologies
Railtown offers AI developer tools and agentic frameworks for intelligent applications.
Railtown AI stock (CSE:RAIL) is up by 5.56 per cent on the news trading for C$0.38 as of 9:49 am ET. The stock has given back 35 per cent year-over-year.
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