Prime Minister Mark Carney’s mandate letter calls for government to deploy AI “at scale”
Carney continues tech-friendly agenda after naming first-ever minister in charge of AI
Canadian Startup News
LeddarTech cuts 95 percent of staff in bid to rescue its business
The “temporary layoffs” affect approximately 138 individuals across the entire company.
Lightspeed surpasses $1 billion USD in revenue in fiscal 2025 but shares conservative outlook
Lightspeed posted nearly $54 million in adjusted EBITDA as it continues to execute transformation plan.
Your R&D is worth more than you think
How Boast helped Neo Financial turn R&D into one of the few remaining sources of predictable funding.
Keep emerges from stealth to launch Canadian small business banking platform
Toronto-based “all-in-one” FinTech firm backed by Treville, Silicon Valley Bank, Rebel Fund, and more.
Lagging growth rate knocks Canada out of top four in StartupBlink’s ecosystem rankings
Toronto “in a tier of its own” as Calgary vaults back into top 100 cities globally.
Rival Technologies’ parent company and Angus Reid Group to join forces in Canadian market research merger
Rival Group claims Reid family reunion will form “the largest Canadian-owned independent market research firm.”
Shopify debuts AI-based store designer as part of summer update
The e-commerce giant is revamping its features as rival Lightspeed readies its earnings.
Cohere CEO claims AI startup “not far away” from profitability as it snags Dell and SAP partnerships
SAP to integrate Cohere models as Dell becomes first to deliver North platform on-premises.
Google grants Amii $5 million to help post-secondary schools develop AI curricula
Google and Amii hope driving AI education in Canada translates into adoption.
BetaKit to open full-time Prairies bureau
Expanded presence comes as Alberta sees increase in venture funding, interprovincial migration.
Patience was the price of capital in 2024
Osler’s 2024 Deal Points Report reveals a venture market defined by longer timelines and more selective conviction.
Alberta Innovates to name Dr. Mike Mahon as permanent CEO
Interim CEO received unanimous board approval following delivery of go-forward plan for provincial agency.
CVCA CEO Kim Furlong to step down after Invest Canada conference
Furlong to depart association in July as Canadian VC navigates ongoing identity crisis.
Canada will provide cooling tech for moon-bound astronauts—if NASA gets the mission off the ground
Budget changes may prevent Berg Chilling Systems’ hardware from supporting the Artemis IV mission.