D-Wave remains in the red even as revenue jumps 500 percent in Q1
The Canadian-founded quantum firm’s record sum came from delivering a system to a key customer.
Burnaby
Clio acquires UK-based ShareDo to move into serving large law firms, fuel global expansion
BC legaltech company says its largest acquisition accelerates roadmap by “five years or more.”
Clio donates $3 million to create new innovation hub at the University of British Columbia
Space will serve as the formal Vancouver home of Creative Destruction Lab.
D-Wave completes $175-million USD stock sale to fuel quantum computing development
CEO says fundraise “substantially improves” D-Wave’s financial strength.
Nano One to increase battery material manufacturing capacity with funding from US Department of Defense
$17.8 million CAD to support Nano One’s Candiac, Québec and British Columbia facilities.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.
Clio tops $4-billion CAD valuation with largest software funding round in Canadian tech history
New investors pool $900 million USD after legaltech hits $200 million in ARR.
Kardium secures $143 million CAD to help bring irregular heartbeat treatment to market
The financing follows Kardium’s $158-million CAD round in 2021.
Majority owner Markus Frind named permanent CEO of Cymax Group
The Plenty of Fish founder first invested in Cymax in 2015.
Fantuan acquires Chicago-based Chowbus’ delivery business to fuel US presence
Deal comes two months after Fantuan secured $40 million USD.
Loop Energy lays off majority of staff, citing challenging capital market conditions
Hydrogen fuel cell firm terminates 84 employees, shuts China office.
Cohere is the highest ranking Canadian startup on Bessemer’s top 100 deeptech companies
The OpenAI competitor is joined on the list by Nexii, Svante, and fellow Toronto firm Xanadu.
Clio’s Natalie Archibald on creating digital-first workspaces
Clio’s VP of People says approach offers more flexibility, inclusion for employees.
Legal tech startup Clio advances its FinTech play with launch of payments product in Canada
Clio claims to have processed over $1 billion USD in legal transactions.
D-Wave lists on New York Stock Exchange following close of SPAC deal
D-Wave’s stock price jumped as much as 30 percent on opening day.