Ocean tech company Xeos Technologies acquired by Spain’s Satlink
Xeos helps track and control assets that operate in harsh maritime environments.
Unbounce among the latest #CDNtech companies making changes at the top
WeCook, Aifred Health, and Stream Systems have also made leadership changes this month.
A|I: The AI Times – Deepfaked: employee falls for $25M USD money transfer order
Plus: Google launches a re-branded Bard in Canada and AI flags abound.
S|W: The SaaS Weekly – Snap cuts senior execs amid sector-wide layoffs
Plus: Canadian cleantech startup scores in Latin America with global clients.
Bank modernization software provider Zafin to be acquired by Nordic Capital
A Zafin investor said the deal represents one of the largest recent exits in the Canadian software industry.
F|T: The FinTech Times – 50 percent drop in sector deal volume last year
Plus: Plaid hires its first president and stablecoins need consultation.
H|T: The Healthtech Times – Neuralink implants in first human test subject
Plus: How 23andMe’s valuation fell from $6 billion to nearly $0.
Northleaf Capital Partners completes final close of $285-million CAD growth equity fund
The technology and healthcare-focused fund surpassed its $269-million CAD target.
R|T: The Retail Times – Amazon wants Rufus to shop with you
Plus: Shopify unveils term loans, lines of credit for merchants.
OpenHouse.ai raises $1.5 million CAD for house-planning and marketing tool
The platform provides insights to builders about desired features and floor plans in certain communities.
A|I: The AI Times – AI is expensive. Cue the M&A.
Plus: Canada and UK sign memo on AI compute power.
S|W: The SaaS Weekly – Toronto trio of tech firms shed jobs a second time
Plus: Antitrust regulations dampen deals and Meta’s paying dividends.
Wealthsimple surpasses combined $200 million for venture, private credit, equity funds
The FinTech firm’s trio of alternative investment funds have seen demand from retail investors.
Q4 Inc. delists from TSX as Sumeru Equity Partners buyout closes
Just over two years after TSX IPO, Q4 Inc. becomes the latest Canadian tech company to go private.
F|T: The FinTech Times – Block and PayPal cull staffers in latest tech layoffs
Plus: Koho wants a licence to compete.