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.
Former 7Geese leaders secure seed funding for new AI-powered performance management platform
Armed with $2.5 million CAD, Topicflow looks to double its team.
Ottawa companies receive FedDev funding for AI, semiconductor, biotech work
FedDev invested nearly $20 million across nine Ottawa-based companies.
DistriQ joins Quantum Industry Canada as advocacy group continues membership drive
Quantum Industry Canada has added more than 20 members and affiliates since the beginning of 2024.
Nesto acquires mortgage-lending giant CMLS Group
Nesto says the combined entity will have more than $60 billion in mortgages under administration.
VoxCell BioInnovation takes the crown at the last-ever Collision PITCH competition
VoxCell’s 3D bioprinted imitation of natural soft tissue helps pharmaceutical companies test new drugs faster.
H|T: The Healthtech Times – BC’s Kardium secures $143M CAD for heart treatment
Plus: Telehealth execs charged with fraud.