Cohere lays off five percent of staff a day after announcing $500-million USD Series D
Toronto generative AI startup cuts around 20 employees as part of “internal realignment.”
Canadian Startup News
BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation
Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.
Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool
Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.
Giving Canadians a fair shake
Shakepay wants to drive Bitcoin adoption in Canada, and it’s doing it in a van.
California-based Agilent Technologies agrees to buy Biovectra for $1.3 billion CAD
Biovectra is being purchased for the second time in five years.
Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada
Startup has doubled team from six to 15 people, with plans to funnel funding first into the US.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada.
Clio tops $4-billion CAD valuation with largest software funding round in Canadian tech history
New investors pool $900 million USD after legaltech hits $200 million in ARR.
How Symcor is helping Canada get ready for open banking
Saba Shariff explains the crucial role of data exchange in Canada’s open banking future.
Cohere Series D hits $500 million USD raised at $5.5-billion valuation
BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.
BDC among those to experience interruptions as part of CrowdStrike outage
Plurilock CEO: Businesses are necessarily quick with cybersecurity patches, but rapid updates also come with risks.
Are you an AI company or a company that uses AI?
Panache Ventures’ Scott Loong on why startups shouldn’t reinvent the wheel.
Ontario is getting rid of ghost jobs
Phantom positions are plaguing the tech industry. Here’s how to spot one.
Ethica secures $2.3 million to deliver “enterprise-grade” internet access to emerging markets
GreenSky-backed Ethica aims to improve internet reliability across Africa, India, other regions.