“A new bottom”: Toronto and Waterloo Region venture funding fell short in first quarter of 2023
Toronto’s venture funding dropped 94 percent year-over-year.
Kitchener-Waterloo
D2L acquires Connected Shopping to let clients sell online courses
The acquisition signals D2L’s ongoing expansion into e-commerce.
BlackBerry considering breaking up its businesses to improve revenue, cash flow
BlackBerry’s year-over-year revenue declined by 18 percent.
Fairly AI raises $2.2 million CAD to help AI firms comply with forthcoming regulatory requirements
Fairly wants to accelerate the broad use of fair and responsible AI.
Miovision acquires Global Traffic Technologies, raises $260 million from Telus, Maverix, EDC
Miovision is buying Global Traffic Technologies for $107 million USD.
Magnet Forensics to delist from TSX as $1.8 billion merger deal closes
Magnet Forensics acquisition closes following opposition to the deal.
Magnet shareholders approve $1.8 billion Thoma Bravo acquisition as campaign against deal proves unsuccessful
Despite vote, dissenting shareholder says “this is not the end of the road for us.”
Shinydocs raises $16.25 million to make it easier to find buried files, media, documents
Shinydocs’ platform automates information management for organizations.
Magnet shares independent advisor report recommending $1.8 billion acquisition as some shareholders push to halt deal
One of Magnet’s largest investors says $1.8 billion price tag “simply too low.”
Dwindling tech deal volume remained a thorn in the Waterloo Region’s side in 2022
Venture funding in Waterloo Region dipped from 2021 peak, but still surpassed pre-bull market years.
Adaptis secures $2 million CAD to help building owners move to net zero with AI
“Using deep tech to do deep decarbonization is really where we think the gap is.”
Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions
MicroTraffic uses AI to predict potential traffic accidents.
Plum secures $8 million CAD to help big businesses navigate tight labour market
Plum aims to provide “missing dataset” companies need to tackle talent crisis.
Descartes acquires US-based GroundCloud for $138 million USD
Descartes aims to apply GroundCloud’s safety content, compliance solutions across more industries.
Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
Magnet Forensics shareholder contests deal; independent Magnet directors push back.