RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
Canadian Startup News
US data integration company Boomi plans expansion into Canada, starting with new office in Vancouver
Boomi has been building out its C-suite with locally based talent to lead the expansion.
How Super raised $85 million USD after rebranding from Snapcommerce
Snap, now “Super,” raised funding from execs at Shopify, Ancestry, Substack.
Federal government names six funds to distribute $50 million VCCI life science financing
Pender Ventures, Amplitude Ventures among recipients.
Vivid Machines raises $5.8 million CAD to help growers virtually monitor fruit trees
Toronto startup uses imaging and AI to monitor crop production.
Thales to build cybersecurity hub, hire 110 people in Fredericton with government funding
The hub will also house Thales’ North American cybersecurity centre.
Inside the reborn OneEleven
Less than two years after the Toronto tech hub’s sudden closure and reopening, its managing director says the “turnaround…
Ocean Supercluster tops up 16 projects with $23 million to drive commercialization
Ocean Supercluster wants to strengthen, grow supply chains while accelerating commercialization.
Flash Forest raises $11.4 million CAD to support reforestation using drones and AI
Manual reforestation can be labour-intensive, but this startup claims it can be done in a flash.
Academics, CEOs push for AI regulation, as Canadian companies race to adopt the technology
Ada, AlayaCare, Hootsuite, and Unbounce have all rolled out new AI products.
Yield Exchange raises $700,000 CAD to simplify access to guaranteed investment certificates
Yield Exchange won two pitch competitions at SAAS NORTH 2022, taking home $110,000.
KB Nam officially named president of Wattpad following recent leadership change
KB Nam was hired as interim president following two previous leadership departures.
Raghwa Gopal to retire as head of Innovate BC, kicking off search for new leader
Gopal previously helped create Okanagan’s first startups accelerator.
AI beauty lab Omy raises $11 million CAD to expand personalized skin care product line in North America
Omy launched its AI virtual skin consultant in 2020.
Certn targets global expansion of background check tech with $30 million USD Series B extension from EDC
M&A key part of Certn’s strategy as it looks to expand in Europe, Africa, Asia.