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The Kitchener-Waterloo-based startup claims the new financing gives it a post-money valuation of $4 billion CAD ($3.2 billion USD), double that of the company’s $100 million Series C round in May 2020.
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Neo4j hits $2B-plus valuation after $325M raise (CRUNCHBASE)
Neo4j is looking to disrupt the space long dominated by relational databases that organize data into tables. Its graph databases help connect data, showing how different points intersect.
Initially, VerticalScope sought to raise only $100 million through the IPO, but the firm boosted the size of its offering to $125 million.
BrowserStack, which for the first six years of its journey didn’t raise any money and remains profitable, has raised $250 million to date.
This sizable raise comes after a year of growth for Introhive, which claims the COVID-19 pandemic highlighted the market need for its offering.
Social calendar app IRL has been busy building a messaging-based social network, or what founder and CEO Abraham Shafi calls a “WeChat of the West.”
In September, LifeSpeak raised a $42 million equity investment in its first institutional round of financing, led by Round13 Capital.
To better understand the current state of Canadian startups and small businesses, BetaKit has joined forces with Cisco Designed to create a brief survey.
An EU probe would focus on Google’s position vis-a-vis advertisers, publishers, intermediaries and rivals, one of the people said, indicating deeper scrutiny than the French antitrust agency’s case concluded last week.
Nylas provides productivity infrastructure solutions for developers, while Moonshot aims to build a portfolio of profitable e-commerce brands.
The ride-hail giants are orchestrating a complex PR scheme to sway public opinion to ensure drivers aren’t classified as employees.
Dfuse rebrands, secures $73.5 million CAD grant to develop blockchain infrastructure project (BETAKIT)
Over the past two years, since raising a $4.5 million CAD seed round, StreamingFast built out its team and focused on developing the indexing technology that Graph became interested in.
China is getting the Liberals into video games (THE FINANCIAL POST)
Canadian studios tend to be smaller companies that are vulnerable to takeover, especially if the biggest video-game developers have decided to battle for market share.
With third acquisition, holding company PlanetCorp is looking to win big with AI, 5G, blockchain (BETAKIT)
Amid a recent surge in M&A activity in Canada’s tech sector during COVID-19, PlanetCorp’s team sees a path to growth through merging with and acquiring other firms, and working closely with the companies to help them scale.