Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
VentureLab’s latest HardTech Summit explores barriers, opportunities facing Canadian deep tech startups
Event surveys state of play in Canada for hardware firms in medtech, AI, and other sectors.
Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe
Acton’s Canadian portfolio has included Chefs Plate, Clio, Knix Wear, Maple, and Mobify.
Cavelo secures $5-million Inovia-led seed round to help financial services firms protect their data
With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion.
Slack CEO Lidiane Jones to depart after a year in the role
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years.
Lightspeed’s stock rises as firm exceeds outlook for fiscal Q2, achieves positive EBITDA
Company takes a step towards profitability, boosts revenue guidance.
Shopify shares jump after company’s Q3 revenue, profit beat analyst expectations
Cost reductions, fulfillment changes help fuel strong Q3 for Shopify.
Auditor General to probe SDTC following ISED-commissioned investigation
ISED paused new SDTC funding after third-party report uncovered conflict of interest, governance issues.
RBCx hires former SVB Canada employees to bolster support for seed-stage and life sciences startups
RBC joins growing list of Canadian banks to add talent from now-defunct SVB Canada.
Hyatt brothers aim to build their “next big thing” with majority ownership of DataStealth
After exiting Dyadem and BlueCat for over $1 billion, the Hyatts have teamed up again to tackle cybersecurity.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
Deloitte spinout Arteria AI closes $46-million CAD Series B to help banks turn documents into data
Backers include GGV Capital, Citi, BDC Capital, Information VP, and Illuminate Financial.
Compound semiconductor pioneer GaN Systems joins Infineon with close of $830-million USD acquisition
Son of GaN Systems co-founder John Roberts calls deal “a boon for Canada.”
Google and Nvidia-backed CentML secures $37 million CAD to help companies deploy AI amid chip shortages
Toronto startup wants to help AI hardware “starvation period” by optimizing ML models.
As semiconductor re-shoring efforts heat up, SILICAN urges feds to provide more targeted domestic chip support
New report comes after US commits over $50 billion to its own domestic chip sector.