CoinSmart to seek monetary damages from Coinsquare following collapse of acquisition deal
CoinSmart accepts deal is no more, intends to “commence legal proceedings against Coinsquare.”
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
Shopify CTO Allan Leinwand to depart company, citing “personal reasons”
CEO Tobi Lütke to also lead R&D as Shopify loses third C-Suite exec since September.
Canadian-led, New York-based AtomicJar aims to hire in Canada with $25 million USD Series A
US software testing firm hopes to build “centre of excellence” in Canada.
Tenstorrent swaps CEOs as Apple, AMD, Intel alum takes helm of AI chip unicorn
Tenstorrent founder becomes CTO as company also hires ex-Google director as COO.
Spinout Traction Complete standing on its own with new $6.7 million CAD Series A, big-name clients
Startup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce.
TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal
Announcement comes hours after IIROC halted trading of Magnet’s shares.
Benevity cites lower than expected customer demand as cause for 14 percent layoffs
Benevity joins Hootsuite, Lightspeed, Clutch, Clearco in significant staff cuts.
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Vidyard sets sights on $1 billion in revenue as it bolsters go-to-market efforts
CEO says Vidyard considering M&A opportunities amid tech downturn.
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
Government of Canada reveals plans for $360 million National Quantum Strategy
NQS aims to support Canadian quantum research, talent, and commercialization.