Bitfarms appoints Ben Gagnon as CEO amidst activist threats from Riot Platforms
Bitfarms parted ways with a CEO in March, kicking off a lawsuit and a public spat with Riot.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
Patent suit sees Canadian court rule in favour of Farmers Edge
AGI had alleged Farmers Edge infringed on its patent for a “Farming Data Collection and Exchange System.”
Economic development agencies dole out $30 million to AgTech, AI, EV development
Wyvern, Pure Life Carbon, and Aethon Aerial Solutions among those supported by latest PrairiesCan, FedDev funding.
ISED invests $120 million to build out CMC Microsystems’ semiconductor network
The FABrIC network looks to provide resources to foster semiconductor innovation in Canada.
Here’s where you can find all the Startupfest 2024 after-parties
Canadian tech has its choice of parties, mixers, and workshops to attend in Montréal this year.
OpenText lays off 1,200 employees as part of restructuring plan
CEO plans to add 800 new roles in sales, professional services, and engineering.
OMERS sells medical testing giant LifeLabs to American firm Quest Diagnostics for $1.35 billion
LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed.
Picketa expands to help farmers in 13 US states analyze plant tissue
Picketa’s flagship offering can now analyze corn, a key crop for US farmers.
Montréal selected to host 2024 Kauffman Fellows Summit with top Canadian tech leaders
The globetrotting summit says it attracts hundreds of VCs interested in investment and partnership opportunities.
Raven Connected intends to grow workforce by 25 percent with Series A funding led by Telus Global Ventures
Connected car startup uses machine vision to track and analyze company vehicles and drivers.
Healwell AI invests $2.7 million CAD into Elon Musk’s xAI to tap into company’s expertise, resources
Healwell CEO touts access to xAI’s closed developer program as big potential benefit.
IGM Technology joins Lead Edge Capital’s portfolio with strategic investment
The $5-billion growth equity firm counts Alibaba, Bumble, Uber, and more among its portfolio.
INOVAIT and federal government invest $10.7 million across seven image-guided therapy tech projects
Private contributions bring the collective project values up to $32 million.
Bitcoin miner Hut 8 to receive $150 million to provide AI computing power
Hut 8 shifted its headquarters from Toronto to Miami following a merger last year.