WonderFi spent $3.6 million on ransom and security upgrades in connection with CEO’s kidnapping last year
In the crypto world, high-profile figures face significant security risks.
Canadian Startup News
Wealthsimple acquihires Plenty, a San Francisco-based wealth management platform for couples
Co-founders of Inovia-backed startup will help Wealthsimple expand family-focused products.
Inaugural QueerTech accelerator cohort stacked with software, AI startups
Federally backed program aims to help 2SLGBTQIA+ entrepreneurs scale their ventures.
Google Cloud Startups leader sees opportunity for startups building AI agents amid pressure to move quickly
Darren Mowry says “doing the right thing in the right order” has become a key challenge for AI companies.
Ontario takes bite out of Premier Doug Ford’s promised US procurement ban
Ban of “all” US contractors won’t apply to those with more than 250 Canadian workers.
Scale AI offering $30-million envelope for Canadian companies to accelerate AI adoption
Government-backed AI hub to cover up to 40 percent of “high-impact” AI projects completed this year.
Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth
Company achieves $2 billion CAD valuation after doubling customer base in 10 months.
Glowtify wants to be the AI-driven marketing solution for lean e-commerce teams
Montréal-based startup secures $825,000 in pre-seed financing from angel investors.
Kepler Communications sells its first on-orbit compute power to Axiom Space
The Toronto firm’s satellite constellation will help power an orbital data centre
Shopify CEO Tobi Lütke tells employees to prove AI can’t do the job before asking for resources
The e-commerce giant expects AI to be used in prototyping, and adds AI evaluation to performance review.
CVCA calls for temporary capital gains reduction, national investment tax credit in pitch to federal parties
Proposal also asks next government to follow through on VCCI, SR&ED reform, and domestic pension investment.
UK-based Osney Capital eyes Canadian cybersecurity startups with 50-million-pound first fund
Osney wants to help Canadian startups expand to Europe and bring UK startups here.
Shopify, Lightspeed among Canadian tech stocks dragged down in US tariff-spurred market plunge
Economists, companies share bleak outlook as global markets see one of their worst days in decades.
Three Canadian quantum startups selected for US military-backed quantum race program
Xanadu, Nord Quantique, Photonic chosen by DARPA to build usable quantum computers in under a decade.
Trulioo taps former Nuvei exec Vicky Bindra to take over for retiring CEO Steve Munford
Munford, who led the company to unicorn status, will work with Bindra to ensure a smooth transition.