Private equity firm Novacap closes seventh and largest tech fund
The nearly $3.8-billion USD fund continues “disciplined” tech buyout strategy.
Can Canada find digital sovereignty in the Fediverse?
At FediMTL, advocates say growing the social web is vital to combating Big Tech.
Loop aims to make screen-scraping obsolete for business accounts
Toronto FinTech targets enterprise accounts as it waits for open banking.
Sluggish growth, lost value: what decades of data reveal about Canada’s early-stage funding gap
NACO and Startup Genome report argues that Canada’s tech ecosystem lost $66 billion USD in value.
Québec has a new digital sovereignty plan. Will it work?
The $1.4-billion plan was tabled on the heels of a digital fiasco at the provincial auto board.
Cohere reportedly soars past revenue target, with $240-million USD ARR
Canada’s AI champion had projected $200 million USD ARR last year.
Mesosil’s infection-fighting dental tech gets FDA clearance
Green light lets Toronto-based startup’s technology be sold in US market.
Photonic claims “world-first” quantum teleportation across Telus fibre network
Quantum company deepens partnership with investor and telecom giant.
Backboard.io claims its AI has a better memory than yours
Ottawa startup’s AI platform outperformed other models on two memory benchmarks.
Shopify stock slumps despite record-breaking Q4 revenue
E-commerce giant authorizes $2-billion USD share buyback as CFO touts strong balance sheet.
The feds asked investors for candid feedback on BDC. It was never actioned
BetaKit-obtained 2023 report outlines private-sector grievances with Canada’s largest VC.
Ssense founders can buy back company, court rules
Atallah brothers’ $78-million buyback bid moves forward despite several creditors’ objections.
Modem closes $4.4-million USD pre-seed round to help developers ship faster
Co-founders from Sentry, Cohere back Toronto startup’s AI product management platform.
Haply Robotics raises $16 million to build the “steering wheels” for physical AI
How the Montréal startup plans to own the touch layer of robotics.
Kaster Technologies raises $1.6 million to scale up pharma manufacturing
Polytechnique Montréal spinoff develops algorithm to reduce drug shortages.