Descartes nabs another American company with $164.4-million acquisition of 3Gtms
Acquisition expands logistics software company’s North American reach and adds network of carriers.
ExxonMobil takes CoLab Software’s AI tool out to sea with $5.6-million oil rig partnership
R&D funding supported hiring of 17 full time employees at CoLab’s St. John’s headquarters.
Seventy-five Ontario CEOs sign open letter calling on Premier Doug Ford to prioritize homegrown innovation
Demanding letter seeks provincial procurement and funding overhauls in the first 100 days of Ford’s new mandate.
Lightspeed scales back fiscal 2025 revenue outlook as “several macroeconomic conditions have deteriorated”
Lightspeed saw same-store sales and business formation decline as the trade war heated up in February and March.
FreshBooks reveals new CEO Shaheen Javadizadeh after securing $179 million in debt from Morgan Stanley
Company expected to use new facility to refinance existing debt as interim CEO Mara Reiff moves to COO.
Sprout Family raises $1.7 million pre-seed round to make fertility benefits more accessible in Canada
Platform helps employers include fertility, surrogacy, and adoption coverage in their health plans.
Summit Nanotech closes $36.5-million funding round to commercialize lithium extraction tech
Cleantech startup has been seeking an elusive high-value Series B round since its last raise in 2023.
Shopify to transfer US stock listing to Nasdaq, remain on TSX
Stock transfer follows recent changes to Shopify’s SEC filings that show potential to become US-domiciled.
Telus partners with Nvidia to transform its data centre into a Canadian “Sovereign AI Factory”
Telus to equip its Québec data centre with Nvidia’s latest AI chip architecture.
Mining magnate Pierre Lassonde donates $50 million to establish deep tech institute at Polytechnique Montréal
Institute aims to establish itself as a partner for major tech initiatives in Bromont, Québec City, and Ottawa.
Shopify acquires search startup Vantage Discovery for undisclosed amount
Shopify CTO hints that Vantage’s AI-powered platform could help merchants advertise.
Vertu Capital promotes principal and “employee number two” Eric Kafka to partner
Kafka previously worked with Vertu’s founding managing partner Lisa Melchoir at OMERS Private Equity.
Kraken Robotics looks to peer further under the sea with $24.5-million acquisition of 3D at Depth
Acquisition of US-based firm to build on Newfoundland company’s subsea imaging expertise.
Novarc Technologies raises Series B round led by Export Development Canada
Novarc recently partnered with a Wisconsin-based welding manufacturer to develop AI-powered welding solutions.
Waabi develops realism metric to gauge reliability of autonomous vehicle simulators
Founder and CEO Raquel Urtasun calls on all AV developers to demonstrate their simulators are true to life.