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.
Canadian Startup News
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.
Patent suit sees Canadian court rule in favour of Farmers Edge
AGI had alleged Farmers Edge infringed on its patent for a “Farming Data Collection and Exchange System.”
Federal government invests in seven hydrogen-focused cleantech projects in Alberta
Aurora Hydrogen, Quantiam Technologies, Innova Hydrogen receive a collective $5 million.
Economic development agencies dole out $30 million to AgTech, AI, EV development
Wyvern, Pure Life Carbon, and Aethon Aerial Solutions among those supported by latest PrairiesCan, FedDev funding.