OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
Canadian Startup News
Raven Indigenous Capital Partners tops initial target for second fund with $100 million final close
With Fund II, Raven aims to build more innovative Indigenous economies.
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
Vector Institute, Communitech partner to expand AI training program across Canada
Reports show one of the main barriers to AI adoption is the ongoing talent crunch.
Tech-related roles dominate Indeed’s best jobs list in Canada for 2023
Data engineers still in demand despite downturn-induced layoffs.
As Big Tech makes mass layoffs, recent Canadian startup reductions might cut deeper
PartnerStack, SSENSE, #paid, Shakepay, Venngage latest to cut staff.
Smile Digital Health secures $30 million Series B to expand AI, machine learning capabilities
LinkedIn posts indicate Smile Digital Health quietly let people go last year.
Nuula sold to Nav Technologies following collapse of Series A round
Nuula CEO: Company planned to raised $5 million but it “became impossible to close.”
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.
SVG Ventures Thrive aims to raise $75 million CAD for third agrifood fund
The fund will make initial investments in seed to Series A agrifood startups.
How to turn new grads into successful employees
Younger generations value interesting work and team connection; they require structure and strong communication.
Bitcoin infrastructure startup Blockstream raises $125 million USD to expand crypto mining services
The Montréal firm claims demand for its hosting services remains high, despite volatile market.
Five Canadian programs listed among top incubators, accelerators globally
Canada is the only country with three programs named to the top ten list.
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.