US finance app SoFi acquires Composer to add AI investing strategies
Acquisition of Toronto FinTech bolsters SoFi’s case to be “the everything app for digital financial services.”
Acquisitions
Mecka AI acquires Docula as it builds the data layer for robotics
Three-person Canadian AI startup joining the majority-Canadian Mecka team.
Cognota broadens corporate learning platform with Learnexus acquisition
Toronto company says deal will help it connect enterprise customers with freelancers and agents.
Superhuman, formerly Grammarly, acquires AI detector GPTZero
Two companies with Canadian roots want to build the internet’s “authenticity layer.”
MDA Space to buy Raytheon’s satellite maker for $620 million USD
Company says acquisition capitalizes on US government’s growing demand for defence space missions.
Nuvei to buy US payments processor Payoneer for $2.75 billion USD
Montréal-based Nuvei says combined company will process more than $500 billion in annual payment volume.
1Password acquires Apono to become the “control plane” for businesses using agentic AI
Toronto firm says deal aids transition from securing credentials to governing access.
Clio acquires fellow Canadian legaltech firm Jurisage
Deal gives Clio the legal database it needs to advance its AI roadmap on home turf.
Robinhood officially enters Canada, following WonderFi acquisition
WonderFi’s president and CEO departed following the close of the deal.
WonderFi clears final regulatory hurdle to be acquired by Robinhood
More than a year after inking the deal, it’s finally slated to close on June 1.
Cohere releases its most powerful AI model as open source
As open-source AI becomes concentrated in China, Cohere says it wants to provide a secure alternative.
Cohere acquires second company with German ties in Reliant AI
Acquisition is intended to accelerate entry into the healthcare sector.
Goldman Sachs to acquire Canadian data centre platform QScale
QScale founders will continue to run the business, which will keep its Québec headquarters.
UniUni to reportedly go public on TSX in $1-billion USD SPAC deal
BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.
Canadian-founded Opennote acquired by San Francisco-based Reducto
Reducto says it will bring on the Y Combinator alum’s entire team.