Work automation platform Gumloop raises $24.5-million Series A as it relocates to Silicon Valley
Gumloop CEO says Vancouver suffers because “San Francisco is a very strong magnet for exceptional talent.”
D-Wave CEO says Nvidia CEO Jensen Huang is “dead wrong” about quantum computing
Huang sent the share prices of quantum companies down after expressing a pessimistic outlook on the sector.
Cohere launches customizable enterprise AI workspace platform North
Cohere’s answer to Microsoft Copilot and Google Vertex already has a partnership with RBC.
California-based loan collection platform Eltropy acquires Lexop for undisclosed amount
Combined company to continue operating in both California and Montréal.
Humi acquired by Australian HR software company Employment Hero
Sources told BetaKit the purchase price is $155 million CAD.
New Blue Action Canada oceantech accelerator launches backed by COAST and Founders Factory
Pilot cohort will support eight startups in BC with plans to expand Canada-wide later this year.
Shopify acquires Shop.ca domain from Emerge Commerce
Shopify continues nurturing its Amazon alternative as e-commerce competition heats up.
Valsoft reloads acquisition war chest with $216.7-million CAD funding round
Vertical software rollup company made nearly 20 acquisitions in 2024.
Thomson Reuters acquires American tax automation software SafeSend for $600 million USD
SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS.
Champagne stays put as Liberals name new FedDev, PrairiesCan ministers in cabinet shuffle
NDP leader Jagmeet Singh says he will bring down the government when Parliament reconvenes in January.
Clio’s record-breaking funding round explains 2024’s public market exodus
Canadian tech companies tapped out of the public markets, but there’s a growing list waiting for their IPO moment.
Deep Sky secures $40-million USD grant from Gates-founded Breakthrough Energy Catalyst
Carbon-capture startup selected Innisfail, Alberta as the site for its first-ever facility in August.
Realize Capital Partners reveals second round of support for impact-focused funds
Backed by Social Finance Fund, Realize’s latest investments include Amplify, Misfit, and Thrive Impact.
Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
The Canadian Space Mining Corporation thinks it can put a nuclear reactor on the moon by 2029
Company has signed an MOU to licence SLOWPOKE-2, a Canadian-made reactor that could power future lunar operations.