Government of Ontario investing $750 million in STEM programs to bolster talent pool in face of tariff threats
Commitment anticipated to support more than 20,000 STEM seats across the province per year.
FundThrough acquires American company Ampla alongside fresh Series B funding
Macroeconomic uncertainty inspired invoice factoring platform to raise $34.6 million CAD.
Online car retailer Clutch taps former Properly CEO Anshul Ruparell as CFO
Ruparell has spent the last year serving on Clutch’s board of directors.
Federal government launches loan facility to support enterprises impacted by tariffs
Canada repurposes COVID-era emergency funding agency to provide loans for impacted large businesses.
Amazon’s Climate Pledge Fund joins Cyclic Materials’ extended Series B round
Cyclic now counts Amazon and Microsoft as backers after extending round for a second time.
Several tech figures endorse Pierre Poilievre’s Conservatives in open letter connected to Fairfax Financial
John Ruffolo, Amar Varma, and Fairfax’s Prem Watsa among list of 33 signatories.
Wealthsimple’s acquihire, Shopify’s AI policy, and Nintendo’s Switch 2 confusion
Test your knowledge of Canadian tech news with The BetaKit Quiz for Apr. 11, 2025.
Corinex secures $42 million CAD to continue its European expansion
Corinex’s sensors and software help utilities providers monitor their power grids.
Beloved mentor and L-Spark co-founder Patrick White to depart leadership role after 12 years
White told BetaKit working at the Ottawa-based accelerator made him want to “get into the game.”
Blumind secures $20-million Series A to build the AI chip we’d have if computers didn’t exist
Ottawa fabless chip startup says it plans to get its first product into production next year.
Wealthsimple acquihires Plenty, a San Francisco-based wealth management platform for couples
Co-founders of Inovia-backed startup will help Wealthsimple expand family-focused products.
Ontario takes bite out of Premier Doug Ford’s promised US procurement ban
Ban of “all” US contractors won’t apply to those with more than 250 Canadian workers.
Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth
Company achieves $2 billion CAD valuation after doubling customer base in 10 months.
Shopify CEO Tobi Lütke tells employees to prove AI can’t do the job before asking for resources
The e-commerce giant expects AI to be used in prototyping, and adds AI evaluation to performance review.
Shopify, Lightspeed among Canadian tech stocks dragged down in US tariff-spurred market plunge
Economists, companies share bleak outlook as global markets see one of their worst days in decades.