Digital Innovation Cluster invests $15 million into AI megaproject from consortium of Canadian healthtech companies
Partners in the $44-million project include ORX, Well Health, Healwell AI, Tali AI, and Simon Fraser University.
Canadian Startup News
TandemLaunch secures $27-million first close of Fund IV to build more Montréal deep-tech startups
Montréal venture studio specializes in commercializing tech developed at universities.
Feds, BC invest nearly $73 million into Aspect Biosystems to establish biomanufacturing facility
The clinical facility aims to be the first dedicated to producing bioprinted tissue therapeutics in Canada.
Point Laz raises $1.2 million to bring mine shaft scanning device to market
The startup said its first 10 commercial scanners are now set to be produced and exported worldwide.
Intuit closes Edmonton office as company-wide layoffs impact 10 percent of employees
Some roles are being consolidated to its Toronto office to “better align” resources, company says.
Startup Montréal touts international vision with rebrand to Québec Tech
Québec Tech has received $7 million CAD from the Québec government to help startups scale internationally.
D2L and MDF Commerce expand software portfolios with latest acquisitions
Recently privatized MDF Commerce acquires EcoInteractive as D2L purchases H5P Group.
Bell acquires #CDNtech companies Stratejm and CloudKettle to beef up cloud capabilities
Deals aim to boost Bell’s offerings in cybersecurity and Salesforce expertise.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Ex-RBC, Fairstone Bank, Credit Karma execs launch direct-to-consumer personal loans platform
Fig, a subsidiary of Fairstone Bank, initially launched through partnerships with companies like Borrowell.
Roga secures $1.7 million CAD to reduce stress and burnout with its nerve-stimulating wearable
Neuroscientist and former Google Pixel PM team up to tackle workplace stress with Roga.
Accessible transportation platform gives cities options to Spare
With growth financing from CIBC Innovation Banking, Vancouver-based transit solution will focus on AI integrations.
Bitfarms appoints Ben Gagnon as CEO amidst activist threats from Riot Platforms
Bitfarms parted ways with a CEO in March, kicking off a lawsuit and a public spat with Riot.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
The gender pay gap in Canadian tech has tripled
Plus: OpenText lays off 1,200 employees as part of restructuring plan.