Energy management startup Peak Power raises $47 million CAD to expand across US
Peak Power to expand energy storage tech as new US tax incentive drives adoption.
Withe raises $1.1 million in mission to address hospitality hiring challenges
The Vancouver-based software startup lists Marriott International as one of its users.
Shopify claims best conversion rates among checkout solutions on the market
Shopify said its overall conversion rate outpaces competitors by 36 percent.
1Password launches passkeys for businesses as shift to passwordless picks up
1Password is among tech giants like Google and Apple leading the move to passkeys.
Bloom raises $7 million to make applying for reverse mortgages easier
Bloom combines the use of an online registration form and live customer service.
Pfizer Canada partners with Communitech to launch health-focused accelerator program
The open call for proposals ends on May 31.
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
When SVB collapsed, US depositors could only insure up to $250,000.
Canada ranks 12th in Shopify’s first report on economic impact of merchants
Canada’s Shopify merchants lag behind on economic impact compared to smaller economies.
Binance exits Canada as crypto trading platforms feel broader impact of stricter regulations
Binance pulled out of Ontario in 2021 as it wasn’t registered with the province.
ChrysaLabs raises $15 million to help farmers unearth soil data using AI
ChrysaLabs’ soil-testing tech has been used on over two million acres of farmland.
Boast.ai report maps government tax, grant programs available for small businesses
Companies can combine SR&ED with other funding programs.
Koïos Intelligence raises $6.5 million to expand conversational AI assistant for insurance brokers
Koïos claims its AI assistant achieves a 30 percent shorter waiting time than call centres.
OneEleven head Matthew Lombardi stepping down
After its 2020 closure, Lombardi led OneEleven through its revival.
Ontario innovation consortium SOSCIP shuts down as three-year federal funding ends
SOSCIP helped researchers access advanced computing platforms and technical expertise.
Hopper to power Uber’s expansion into flight bookings
“Flights on Uber” will be available to UK users this summer.