Thoughtwire, Finaeo make staff cuts as Canadian tech continues to face economic headwinds
Both companies are staying mum on the number of employees cut.
iot
Converge Technology secures $500 million loan to continue acquisition spree
Converge to continue acquisition strategy in North America, Europe.
US companies Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions
All four plan to conduct a hiring spree amid a growing number of global tech layoffs.
Worximity secures $14 million for smart factory analytics tech
Worximity part of the push towards the ‘Fourth Industrial Revolution.’
Ecobee launches new smart thermostats with built-in air quality monitoring
The new smart thermostats are Ecobee’s latest launches post- acquisition.
Alberta IoT secures $1.5 million from PrairiesCan, Alberta Innovates for accelerator programs
Alberta IoT’s funding is the latest in several government commitments to Alberta’s tech sector.
Microprinting tech firm VueReal closes $14.4 million Series B round
Economic Development Canada, BDC Capital’s Cleantech Practice invested in the round.
IntelliCulture closes $1.7 million Emmertech-led seed round to scale farm management platform
With beachhead in wineries, IntelliCulture wants cherries, apples, and tree nuts, too.
Pulse Industrial secures $3.5 million from SDTC to improve safety in industrial plants
Pulse Industrial is one of 16 companies sharing $52.3 million from SDTC.
Haivision to acquire France’s Aviwest to expand low latency video solutions
Aviwest is Haivision’s second acquisition post-IPO.
RouteThis secures $25 million to take the headache out of home internet
Company sadly can’t bypass nation’s telco oligopoly.
Cubbi secures $1.35 million CAD to expand its food delivery and storage platform
The food delivery startup comes from same city as SkipTheDishes.
Shabodi secures $3.3 million to accelerate deployment of next-generation 5G solutions
Toronto-based Shabodi has raised $3.17 million USD in what it classifies as an oversubscribed seed round led by Blumberg Capital,…
Canadian Starlink competitor Telesat to go public on the TSX
Satellite communications company Telesat filed to go public on the Toronto Stock Exchange (TSX) earlier this week. The company…
McRock Capital leads $57 million USD round for California’s Landing AI, created by former Google Brain lead
McRock Capital, a Canadian venture firm that invests exclusively in the Internet of Things (IoT), has led a $57 million USD…