EventMobi acquires US-based virtual events platform Run The World
The deal comes as demand for virtual gatherings has fallen from pandemic highs.
Canadian Startup News
General Fusion raises $33.5 million CAD as it renews focus on Canadian project
General Fusion delays demonstration plant construction in UK for machine development in Canada.
Alberta looks to hydrogen as the “next frontier” in energy, invests $45 million in related technologies
The financing will come via Alberta Innovates and Emissions Reduction Alberta.
Google Canada commits $2.5-million grant to NPower Canada to help 5,000 job-seekers develop tech skills
This grant enables NPower to integrate Google Career Certificates in its programs.
After only four years in market, OMERS Ventures is pulling out of Europe to focus on North America
North America is “best positioned to weather the current and future economic storms,” said global managing partner Damien…
Niricson closes $10-million Series A to monitor critical infrastructure using tech
Victoria startup’s solution has been tested at Toronto’s Pearson Airport and Saskatchewan’s Gardiner Dam.
AppDirect acquires ADCom’s network operations centre, monitoring platform to launch managed services suite
Canadian-founded, San Francisco-based AppDirect has a strong presence in Canada.
Brookfield and Sequoia Heritage’s reported new fund is well-positioned to scoop up discount tech startups
Valuations are down and Canadian companies are filling for insolvency at a 10-year high.
New Brunswick Innovation Foundation, Opportunities NB inject $2-million top-up to Climate Impact Fund
Solutions for low-emission ocean transport and electric motors in cars among past recipients.
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
Experienced developers share their career advice for young professionals
TELUS and Suncor devs want young coders and IT professionals alike to celebrate success while embracing failure.
Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
Shopify posts positive revenues in Q2 2023 for third quarter running
Ottawa e-commerce giant posts higher losses, but GMV grows.