Cohere secures federal backing to build multibillion-dollar Canadian AI data centre
This marks the first investment through the new Canadian Sovereign AI Compute Strategy.
toronto
Mississaugaâs rising entrepreneurs are cleaning water, transforming legal services, and making robot EV chargers
Sauga Startup Showcase recognizes promising startups.
KisoJi raises $57-million CAD Series B to advance antibody cancer therapy
Montréal-based biotech company using AI to boost antibody identification platform.
Federal government outlines $2 billion in AI compute spending commitment
Strategy includes $1.3 billion for computing infrastructure and $700 million for AI data centres.
Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec
STRX looking to close $70-million CAD convertible note financing round before end of year.
Online brokerage Questrade lays off undisclosed number of employees
Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it.
AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation
Samsung, Bezos-backed financing comes after the firm quietly relocated to the US.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
Why Hopper might be the next Canadian tech company to play the secondary game
Plus: Canada sues Big Tech.
The DOJ wants to take Google Chrome away, Rob Kenedi wants to decelerate tech
After a decade of quiet dominance, the browser space is suddenly filled with uncertainty.
Shareholders file proposed class action alleging Exro misrepresented revenue projections
Plaintiff describes 2024 revenue forecasts Exro made in January as âdelusional.â
Firestarter program goes national with funding from BDC Thrive Lab
Following Atlantic Canada pilot, program supporting women-led startups will host first cohort in early 2025.
With new name, FleetOps secures $30.8-million CAD Series A round
Now called Class8, trucking data startupâs round was led entirely by United States-based investors.
The painkiller for pharmaceutical reps
How ACTO is bringing pharma knowledge to the frontlines.
Charles Mandel always filed on time
BetaKit remembers beloved senior writer on anniversary of his passing.