Lightspeed would pay $11 million CAD and admit no wrongdoing in proposed lawsuit settlement
The lawsuit stems from allegations the company distorted financial reports.
Canadian Startup News
FedDev Ontario pledges millions to support Black entrepreneurs
The $2.4 million CAD will support the Black Entrepreneurship Alliance’s incubator programs.
New era at Mila as Hugo Larochelle named scientific director
The Google alum says the AI institute should be “ambitious” and “do more.”
Inside the platform powering a women’s health uprising
Femtech Canada and Innovation Factory are turning a founder network into a national force.
Isabelle Hudon says BDC is getting ready to support Canada’s defence tech sector in “a more aggressive way”
Latest report shows Crown corp. hiked VC investments and contended with “correction on valuation” in fiscal 2025.
Telus Digital to rejoin parent company after $743-million CAD acquisition
Telecom giant says reuniting with its spinout will accelerate AI and SaaS transformation.
“Academically disingenuous”: Cohere co-founder calls out Sam Altman for AGI hype
On 20VC Podcast, Nick Frosst rejects idea that AI models pose a threat to humanity.
Molecular You secures $6.9 million CAD to scale predictive blood tests across North America
Fresh funding follows US launch of direct-to-consumer platform.
Vistara Growth wants out of “tweener” category as private credit firm gears up to close fifth fund
BC firm has raised $370 million CAD for Fund V amid an increasingly hot venture debt market.
NordSpace’s rocket launch thwarted by faulty safety system, weather delays
Attempt at delivering the first Canadian commercial rocket launch delayed until at least September.
Ssense seeks to “safeguard” company from potential sale through creditor protection
Online retailer facing headwinds due to US trade policy, dip in luxury demand.
Canadian tech job listings plunge below pre-pandemic levels and AI may be the culprit
Indeed says job postings are down 19 percent since 2020.
Bench IQ raises $7.3 million CAD for AI platform analyzing judicial rulings
CEO’s previous company still in litigation with Thomson Reuters over 2020 copyright case.
Astrus announces $11 million CAD to automate semiconductor design with AI
Astrus aims to tackle a remaining bottleneck in chip design: analog circuits.
Cohere president Martin Kon stepping down, remains “key member” of the team
Enterprise AI company recently added former Meta, Uber execs to its C-suite.