Weekly Investment News and Analysis

Last week, Dow Jones was up 0.3%, S&P 500 gained 1.2%, Nasdaq composite advanced 2.1% – despite a jump in treasury yields. During the week, NASDAQ Composite hit a record high; however, no trend has sustained since early June. Anthropic released Claude Opus 5.5, claiming performance equal to or better than Fable 5.1 and Mythos 5.1 at 40% lower cost. OpenAI launched GPT-6 Sol and Luna at half the price of their predecessors. Anthropic is also in early talks to lease up to 1 GW from Apollo-controlled Stream Data Centers, and said Claude helped identify a possible CRISPR-like gene-editing system. Oracle sent a force majeure notice to Blue Owl’s Stack Infrastructure over delays at OpenAI’s New Mexico Project Jupiter, and both stocks fell over 5%. SB Energy’s US$5-7 billion IPO at a ~US$50 billion valuation is meeting investor skepticism and will likely slip to October. Oura filed to raise US$2.2 billion at up to a US$15.6 billion fully diluted valuation. Databricks acquired Excel rival Row Zero. Microsoft relaunched Copilot as a “super app” and authorized 30 to 50% seat discounts for large, usage committed customers. Meta’s Muse agent passed 500,000 users in its first week. Amazon blocked it, and Meta then added Walmart, Best Buy and Sephora as partners. Alibaba unveiled its Zhenwu V900 AI chip and is targeting 20+ GW of data centre capacity by 2032. Z.ai fell ~12% on reports that China’s CAC is probing data leaks to Anthropic. Binance invested US$100 million in Circle at US$80.84 per share. In Canada, TD committed up to $25 million over three years to an AI collaboration between its Layer 6 unit and Cohere. In news pertaining to Sophic clients, Intermap signed a three-year flood risk and property valuation subscription with Fairfax-owned Colonnade Insurance, starting in the Czech Republic. Renoworks launched Renoworks.ai, its AI-native remodeling platform. 01 Quantum will demo quantum-safe encrypted AI at GCXpo 2026. Hybrid Power Solutions closed a $617,500 private placement.

Last week, Nasdaq was up 0.7%, S&P 500 fell 0.1%, Dow Jones Industrial Average was down 1.7%, markets witnessed the first Fed rate hike since 2023. Anthropic chose the Nasdaq for an IPO targeted for October. The Company told investors adjusted operating income will be positive for a second straight quarter, with gross margins above 80% before partner revenue share and training costs. OpenAI, which pushed its IPO to 2027 or later, is in early talks to raise at a US$1.2 trillion valuation. The FT reported OpenAI now projects US$278 billion of cash burn through 2030, up from US$180 billion, though an OpenAI finance director disputed the figures. After recent safety warnings, Dario Amodei called for AI labs to pace frontier development, backed by Sam Altman and Elon Musk. Donald Trump rejected a slowdown and China dismissed it as fearmongering. Jensen Huang said Nvidia will sell twice as many chips next year. Nscale filed for an IPO at a ~US$35 billion valuation, with H1 revenue of ~US$140 million (vs. US$10.4 million). CoreWeave priced US$3.7 billion of 2033 convertibles at 2.875%, up from 1.75% in April. Generac shares jumped 19% on an up-to-US$8 billion Amazon generator deal. Microsoft raised its dividend 8% while spending US$50 billion on capex this quarter. The SEC issued a five-year exemption allowing certain tokenized stocks to trade in the U.S. Huawei pulled its Ascend 960DT AI chip forward nine months to Q1 2027. In Canada, Bell signed a non-binding MOU with Saskatchewan for a 1.2 GW data centre. The project could exceed $50 billion, which would be the province’s largest private investment. Radical Ventures closed over US$1 billion for its Radical Breakouts Fund, potentially Canada’s largest VC fund. In news pertaining to Sophic clients, 01 Quantum formed a post-quantum cryptography alliance with HSM provider Utimaco. The Company also appointed Jeffrey Kilborn, formerly CFO of Atlas Salt, as CFO, succeeding the retiring Brian Stringer. Juno Industries expanded its board, advisory and leadership teams ahead of its going-public transaction with Trail Blazer Capital, with headcount now above 30.

Last week, Dow Jones lost 1.6%, S&P 500 was down 0.8%, Nasdaq composite fell 0.7%. Despite a Friday bounce, markets remained weak as Treasury yields and oil prices rose. Nvidia is in talks to invest up to US$10 billion in Anthropic’s IPO, which could raise as much as US$100 billion at a ~US$2 trillion valuation. Oracle grew revenue 30% to US$19.3 billion and operating income 57% to US$6.7 billion, though interest expense rose 55% to US$1.4 billion and it burned US$5 billion on data centres, shares rose 7%. Adobe revenue rose 13% to US$6.76 billion with AI ARR past US$650 million (+150%), but ~10% forward guidance sent shares down 2%. OpenAI paused new US$200/month Pro subscriptions driven by high Astra demand. The Company said a price cut drove a tenfold usage increase. OpenAI is also co-developing chips with Samsung. Meta launched Muse, its first consumer AI agent, which is free to use for up to 100 million tokens weekly with US$20 and US$100 tiers. Berkshire Hathaway CEO Greg Abel told CNBC the company is pursuing artificial intelligence opportunities on two paths – energy and Google. Apple launched the foldable iPhone Duo at US$1,999–US$3,199 and raised Pro pricing US$100 on memory costs. In Canada, Cohere is in advanced talks to raise US$2–3 billion at a US$20 billion valuation, nearly 3x its September mark and the largest private Canadian round on record. CIBC committed $2 billion to defence and dual-use SMBs, after RBC’s $1.4 billion scaling fund and BMO’s $70 billion pledge. The US government invested US$200 million in two quantum firms with Canadian roots, D-Wave and Rigetti. In news pertaining to Sophic clients, 01 Quantum reported FQ3 revenue of $64,410 (YTD $1,082,507 versus $333,269) and a $892,044 net loss, ending with $2.88 million cash, while adding a Tier-1 systems integrator channel, a Crypto4A technology partnership and Carleton validation of its Quantum AI Wrapper. Hybrid Power Solutions opened a larger Mississauga plant with dedicated Batt Pack, Spark and Terra lines.

Last week, Dow Jones fell 0.3%, S&P 500 was flattish, and Nasdaq composite gained 4%. Nvidia agreed to buy Hugging Face for US$12.9 billion (US$11.9 billion plus a US$1 billion retention pool), giving it the main distribution channel for open-source models. Disclosures show Nvidia now carries roughly US$230 billion of lease backstops and residual-value support, including US$105 billion on an OpenAI Ohio lease, on top of US$72.5 billion of equity stakes, making it “lender of last resort” to the AI buildout. Big Tech booked over US$160 billion of “other income” last quarter on AI stake gains, double the prior quarter’s ~US$69 billion, largely from SpaceX’s listing (post-xAI merger). Anthropic marks at Alphabet and Amazon drove record pre-tax profit. Broadcom revenue rose 86% to US$29.6 billion with AI chips up 221% to US$16.7 billion. The company guided AI revenue to US$115 billion in 2027 with a line of sight to US$230 billion in 2028 and EPS above US$30. Dell revenue rose 58% to US$47 billion, FY guidance up US$25 billion to US$192 billion on US$74 billion of AI servers. HPE raised guidance but fell on memory-led supply constraints. Snowflake product revenue grew 37% to US$1.49 billion and shares rose 20%. Palo Alto grew 34% with XSIAM ARR at US$700 million. Microsoft disclosed Azure revenue of US$101.9 billion, +40%. OpenAI shipped GPT-6 Astra at US$10/US$50 per million tokens, hinting at AGI. Its ad business now reportedly run-rates US$1 billion ARR versus projected US$2.4 billion. Oura filed to IPO on US$1.2 billion revenue (+74%) and US$262 million FCF. SB Energy, Moonshot (~US$50 billion) and Enflame also filed to go public. Shein debuted in its IPO flat at US$26 billion. FTC sued Amazon over ad auctions, while Google avoided an ad-tech breakup. In Sophic client news, Cybeats posted Q2 revenue of $815,769 (+9.5%), a narrowed $764,074 loss, $261,643 cash plus a $1.9 million placement. The Company also expanded a six-figure medical-device contract by 76% with its first RAVEN’s commercial rollout. The Company has 8 active POCs. Hybrid Power Solutions filed a patent on an AI-driven hybrid energy management system.

Last week, both Dow Jones, and S&P showed modest gains of ~0.5%, NSADAQ was up ~0.85%, Thursday’s bullish action was set back by a hawkish speech from Fed Chair Kevin Warsh. Nvidia’s July-quarter revenue rose 106% to US$96.2 billion, with guidance of 89.5% growth this quarter and roughly 70% for the year ending January 2028 on supply constraints. Free cash flow fell more than 50% to US$21 billion as receivables rose ~50% on extended terms to investment-grade customers. Nvidia stock rose 5% after hours. Nvidia also agreed to buy Hugging Face for US$12.9 billion, roughly 80x forward revenue, and is in talks to invest in Perplexity above US$30 billion, whose annualized revenue has climbed to US$750 million from under US$250 million in January. Anthropic’s annualized revenue reached US$65 billion in July from US$47 billion in May, but spending on Fable 5 has plateaued near 11% of customer outlay ahead of an IPO. OpenAI says its Jalapeño inference chip beats Nvidia’s Blackwell. Separately, ~1,200 internal OpenAI agents reportedly self-organized and ~700 joined the Hugging Face attack, which OpenAI called a “warning shot.” Marvell lifted FY guidance to US$12 billion and FY2028 to US$18 billion on 46% data center growth. CrowdStrike rose 11% on recent financial results. Salesforce rose 13% with Agentforce ARR at US$1.5 billion, up 240%. Alibaba is raising US$10.2 billion for AI. Oura is targeting a September IPO above US$16 billion. Meta settled child-harm claims for up to US$18 billion. In Canada, MDA Space launched LaunchPad Ventures. In Sophic client news, Kraken reported Q2 revenue of $27.3 million and $5.0 million adjusted EBITDA with 2026 orders at $355 million and guidance unchanged. Replenish reported Q2 results, which were directionally important in highlighting progress in the previously announced transition from blended fertilizer to the commercial scale ramp-up in granulated and pellet fertilizer. Ionik reported US$47.4 million revenue and US$8.4 million adjusted EBITDA post-refinancing. Renoworks grew recurring revenue 38%. Legend Power narrowed its net loss 37% on 12 SmartGATE orders.

Last week, Dow Jones fell 0.85%, S&P 500 lost 1.4%, Nasdaq composite was down 2.05%. Next week investors can expect Fed Chair Kevin Warsh’s first Jackson Hole speech, and Nvidia earnings. Anthropic expects its IPO to match or exceed SpaceX’s record listing and could file publicly as soon as month-end. The company raised US$65 billion in May at a US$965 billion valuation, ahead of OpenAI’s US$852 billion. Preliminary Q2 revenue topped US$11.5 billion against US$787 million a year earlier, with run-rate reaching US$65 billion by end-July and positive adjusted operating income, versus a 2025 net loss of nearly US$42 billion. OpenAI’s Q2 revenue grew 18% sequentially to US$6.7 billion. Nvidia, OpenAI and SB Energy confirmed the PORTS-Pike campus in Pike County, Ohio with 10GW of new energy, 8 IT-GW leased by OpenAI for 20 years, Nvidia credit support capped at US$105 billion via residual-value guaranties, plus a US$1.5 billion Nvidia investment in SB Energy. Jensen Huang pegged US$150 to 200 billion of Nvidia revenue per hardware generation and roughly US$600 billion of OpenAI compute commitments through 2030. Marvell granted Google rights to 58.97 million shares at US$206.58, or US$12.2 billion, alongside an expanded TPU partnership. Marvell stock rose 9.9%, and Broadcom fell 4.6%. Stripe is acquiring OpenRouter for a reported US$7.5 billion, versus a US$1.3 billion valuation in May. Unitree closed up 460% on its Shanghai public debut at just over US$60 billion after a US$905 million IPO. Alibaba guided AI ARR to US$10 billion this quarter from US$7.3 billion, with capex up 75% to nearly US$10 billion while China e-commerce fell 8%. Its 27-billion-parameter Qwen3.8-27B passed 1 million downloads and matched GPT-5.6 Luna on the Artificial Analysis index. Klarna fell 20% on a cut full-year outlook; Walmart fell 9% on 2.6% U.S. comps. In Canada, Helcim raised a $53 million Series C led by BDC at a $250 million valuation, up from $97 million, on $150 million ARR. In news pertaining to Sophic clients, Replenish Nutrients closed a $7.5 million convertible debenture from SRC Agrominerals, completing SRC’s $15 million strategic investment. Intermap appointed former U.S. Senior Foreign Service officer John T. McNamara to the Intermap Federal Services Board of Advisors, supporting its U.S. federal and allied-nation expansion.

Last week, Dow Jones fell 0.6%, S&P 500 index rose 0.4%, Nasdaq composite was up ~0.1%. Anthropic’s investors expect an October listing at a >US$2 trillion valuation, which would be the largest IPO ever. The valuation could be underpinned by annualized revenue of US$100–120 billion by year-end, up more than 10x in 2026, high growth AI comparables Palantir and Nebius have traded near 55x revenue. Intel is raising US$15 billion in stock after a 175% twelve-month run. Nvidia signed a preliminary US$500 billion AI infrastructure financing agreement with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, retaining an option to backstop up to 25% of any project. Nvidia will also invest US$2 billion for roughly 20% of Stargate power developer Lancium at a US$10 billion enterprise value, extendable to US$3 billion and ~30%. SK Hynix approved 54 trillion won (US$38 billion) for two new fabs. Nebius revenue rose 454% to US$582 million. CoreWeave revenue doubled to US$2.575 billion. Cisco stock fell 5% despite 18% revenue growth to US$17.3 billion and US$4 billion of AI orders in the quarter alone. Cerebras fell 16% as hardware revenue halved to US$54 million. Workday rose 18% on Silver Lake takeover talks. Kalshi passed US$4 billion annualized revenue and is in talks at a US$40 billion valuation. Gemini reached 1 billion monthly users. Meta will open-weight Muse Spark 1.2. OpenAI paused Astra over cyber capabilities. Z.ai claims GLM-5.3 matches Mythos 5 on security tasks. In Canada, RBC and BMO are selling Moneris to Francisco Partners for $2 billion. Xanadu partnered with the University of Alberta on quantum-designed photosensitizers. In news pertaining to Sophic clients, Legend Power Systems won a GSA Multiple Award Schedule contract placing SmartGATE Gen 3 under SIN 334512, opening federal plus state and local buyers via Cooperative Purchasing. Intermap reported Q2 revenue of US$2.0 million and negative US$1.4 million adjusted EBITDA. Earnings call commentary provided some good color on highly anticipated Indonesian follow-on awards and the recent PCI acquisition. Intermap also strengthened its Board of Directors.

Celestica launched a US$3 billion treasury equity offering to fund capex for a multi-year AI infrastructure demand. Telesat won a $2.3 billion Defence Investment Agency contract, its largest ever, adding 69 Lightspeed satellites for Arctic military communications. The award also raised MDA Space’s build contract by $474 million. Options carry total contract value to $2.7 billion. Shopify rose 17% on 34% revenue growth and growth guidance for the high twenties, operating income was up 68% to US$488 million. AMD agreed to acquire Toronto’s Taalas, its second Canadian AI chip purchase in roughly a year. AMD’s reported revenue grew 50% to US$11.5 billion and the company guided to US$13 billion versus US$12.5 billion consensus, but shares fell 9% after hours as capex nearly tripled to US$808 million. SpaceX reported US$7.8 billion in revenue, up 92%, on US$18.3 billion of quarterly capex and US$25 billion of first-half cash burn, with over US$14 billion of compute contracted. Palantir grew 93% to US$1.9 billion, US commercial was up 149% to US$764 million. Sandisk revenue reached US$8.97 billion from US$1.9 billion. Datadog fell 19% after its largest customer cut spend. Alphabet received US$115 billion of orders for a US$25 billion bond sale. SoftBank borrowed US$10 billion against an OpenAI stake it marks at US$89.6 billion. Stripe entered exclusive talks to purchase OpenRouter for nearly US$10 billion, ~70x its US$140 million annualized revenue. Hedge funds gave back nearly 3% in July, but were still up ~8% YTD. Ottawa is investing over $20 million in a U of C-led quantum defence hub. In news pertaining to Sophic clients, Cybeats launched RAVEN, an agentic AI intelligence layer for SBOM Studio providing vulnerability triage, reachability analysis and automated VEX evidence while keeping customer source code in-environment. Boardwalktech closed a first tranche of 15,800,000 units at C$0.05 for gross proceeds of approximately C$790,000, each unit carrying a two-year warrant at C$0.06.

Last week, Dow Jones rose 1%, S&P 500 gained 1.05%, Nasdaq finished up 1.6%. Nasdaq 100 briefly hit correction territory Tuesday, down 10% from its early-June record. The Philadelphia semiconductor index has lost a quarter of its value since late June, Sandisk and Intel sit ~50% and ~40% below recent peaks. Goldman Sachs and JPMorgan demanded added collateral from concentrated hedge funds after the largest gross-leverage build Goldman has tracked since 2016. The prominent US$20 billion Situational Awareness AI fund, up 439% through June, had to sell much of its public equity book to Citadel. CXMT jumped 472% in its Shanghai debut. US Senators pressed Apple to avoid CXMT and YMTC memory chips. Shein’s Hong Kong filing showed Q1 revenue up 1.1%, US sales down 14%, and a US$99 million loss. Eric Trump-backed Space-Eyes is going public via SPAC. Amazon’s AWS accelerated to 37% growth and US$42.2 billion, with Amazon’s capex guide at US$220 billion. Microsoft stock rose 9% on 18% growth to US$90 billion. Azure was up 43%, and past US$100 billion annually. Microsoft disclosed 30 million paid Copilot seats. Meta’s revenue rose 28% to US$60.8 billion, but operating profit fell 8% and shares dropped 7%. Apple grew 16.4% to US$109.4 billion, warning chip supply constraints worsen materially. Robinhood’s prediction-market revenue was up 10x to US$156 million, passing crypto at US$100 million. ASML stock was down 5% on China DUV mass production. Nvidia is negotiating a US$250 billion backstop for OpenAI’s 10GW Ohio campus and invested US$1 billion in Naver. Anthropic disclosed its models, including Mythos, hacked three outside organizations in six of 141,006 tests. Microsoft launched cheaper rival Project Perception. In news pertaining to Sophic clients, Cybeats closed an oversubscribed C$1.97 million placement at C$0.17 and announced a Japanese ICS customer via a channel partnership. Intermap will acquire PCI Geomatics for $11 million cash, which will be immediately accretive. Boardwalktech reported FY26 revenue of US$3.6 million and US$3.5 million ARR. 01 Quantum announced a Carleton/NC CIPSeR research collaboration. Replenish Nutrients expanded its Board of Directors.

Last week, Dow Jones fell 0.4%, S&P 500 lost 0.6%, Nasdaq composite was down 2.1%. Nasdaq is below recent June lows ahead of a heavy news week, which will see earnings reports from Apple, Microsoft, Meta Platforms, Amazon, a Federal Reserve meeting, and increased geopolitical turbulence and rising oil prices and Treasury yields. Hedge funds cut US tech exposure at a record pace, roughly 10% of market value over two months, per Goldman. US equity issuance topped US$300 billion year-to-date on SpaceX’s US$86 billion IPO, Alphabet’s US$85 billion sale and SK Hynix’s US$26.5 billion listing, on pace to beat 2021’s US$376 billion record. Anthropic could list as soon as September, and Meta is weighing a multi-billion offering. Alphabet grew revenue 24% to US$119.8 billion with Cloud up 82% to US$24.8 billion, a US$514 billion backlog and capex raised to US$195–205 billion. Shares fell 4% after hours. Google disclosed US$94.1 billion of SpaceX stock. Intel rose 12% on 25% revenue growth and US$4.5 billion free cash flow. Tesla revenue rose 26% but capex doubled to US$5.8 billion, pushing FCF negative. Reddit fell 8% on possible non-renewal of its US$60 million Google AI deal. AMD will invest up to US$5 billion in Anthropic, and also launched Helios with Microsoft as a buyer; Nvidia announced a US$500 billion SK partnership. Anduril is raising near US$100 billion, Stripe is in talks to buy OpenRouter around US$10 billion. Moonshot is preparing a Hong Kong IPO. Alibaba open-sourced 2.4-trillion-parameter Qwen3.8 Max; Zhipu completed a 1GW all-domestic-chip data center. Prediction markets reached 27% of US sports-betting volume. In news pertaining to Sophic clients, Replenish Nutrients closed the first $7.5 million of a $15 million SRC Agrominerals investment. Kraken Robotics booked $35 million in new orders ($327 million YTD). Portfolio Manager, Mathieu Martin recently appeared on the Beyond MD podcast and outlined his approach behind investing his investment in Kraken. Ionik consolidated under SHIFT44 and Q1Media. Boardwalktech restructured its placement.

Last week, Dow Jones lost 0.9%, S&P 500 fell 1.55%, Nasdaq composite fell, Nasdaq-100 was down 4.1%. Tech sold off again Friday, Nvidia fell as much as 3%, briefly ceding the top market-cap spot to Apple, Meta dropped 5.3%. SpaceX slid below its US$135 IPO price and now trades ~40% off its peak. Netflix shares fell 8% after revenue growth slowed to 13.4% with Q3 guided to 11.7%. IBM fell 25% on a mainframe shortfall. Anthropic is negotiating multi-billion-dollar credit lines ahead of an IPO that could come as soon as September at a US$1 trillion-plus valuation. SK Hynix’s ADRs jumped nearly 20% after a record US$26.5 billion U.S. listing, which Nasdaq says is drawing more foreign issuers; Goldman’s equity underwriting revenue rose 130% to US$985 million. China’s CXMT is seeking US$8.6 billion in Shanghai at ~300x earnings. DeepSeek is raising again weeks after US$7.4 billion. Shein won approval for a Hong Kong IPO. Uber agreed to buy Delivery Hero for US$14.8 billion; Stripe and Advent made an unsolicited US$53 billion bid for PayPal. TSMC added US$100 billion to its U.S. commitment (US$265 billion total) and lifted 2026 capex to US$60–64 billion. Samsung pulled its Yongin fab forward to 2029. Meta is adding US$40 billion to reach 5GW in Louisiana. New York enacted the first statewide data-center moratorium and builders shop multi-billion-dollar stakes. Buffett confirmed he initiated Berkshire’s Alphabet stake. Moonshot’s 2.8-trillion-parameter Kimi K3 topped Claude Fable 5 on a coding leaderboard. OpenAI is building a screenless smart speaker. Nvidia shipped Cosmos 3 Edge for robotics. In Canada, General Fusion debuted on Nasdaq via SPAC. In news pertaining to Sophic clients, Cybeats and Boardwalktech launched equity raises. Kraken insiders bought stock. Intermap partnered with Saudi’s NSG UP42. 01 Quantum tied up with Crypto4A.

Last week, Dow Jones fell 0.5%, S&P 500 was up 1.2%, Nasdaq composite rose 1.7%. SK Hynix raised US$26.5 billion in a record U.S. IPO. Blue Origin is raising US$10 billion at a US$130 billion valuation led by Coatue. Zhipu is seeking to raise US$4 billion following a massive stock rally. Amazon is looking to raise US$25 billion via a U.S. bond sale to fund AI infrastructure. Bank of America extended a US$520 million credit line to OpenAI. TeraWulf shares soared after securing a 20-year, US$19 billion AI data center lease with Anthropic. Nvidia shed US$1 trillion in market value, and now trades at its lowest valuation multiple since 2019. SpaceX slid 6.8% upon joining the Nasdaq 100. Microsoft is cutting 4,800 jobs primarily in its Xbox and sales units while divesting several game studios. Disney Plus is reportedly exploring a free streaming tier. OpenAI launched ChatGPT Work and a desktop superapp to challenge Anthropic’s enterprise offerings. Meta released its Muse Spark 1.1 model to developers via API. SpaceXAI and Cursor debuted their joint Grok 4.5 model. China’s MiniMax is developing a 2.7-trillion parameter AI model, while Beijing considers restricting overseas access to its top domestic AI models. The U.S. CISA and G7 partners released minimum guidelines for AI software bills of materials. In Canada, Meta will build a US$9 billion, 1-gigawatt AI data center in Alberta. MDA Space is acquiring a 70% stake in French satellite firm CLS for €567 million. Well Health is spinning out its Wellstar software subsidiary onto the TSXV. Alchemy Labs completed a $13.7 million TSXV IPO. Dominion Dynamics closed Canada’s largest-ever defence-tech Series A and could win initial business in the US. In news pertaining to Sophic clients, Legend Power Systems secured multiple public-sector SmartGATE orders. Sophic client Intermap launched an automated Orthorectification service while expanding its European risk analytics platform. Sophic client Hybrid Power Solutions received a C$370,000 purchase order. Sophic also published a few introductory reports on client, Sparq Systems, an innovative microinverter player in the solar space.