Shinydocs, Encircle, Proto receive cumulative $7.5 million from FedDev Ontario
The investment into the three Kitchener-Waterloo startups is expected to create 75 jobs.
Kitchener-Waterloo
Miovision acquires Pittsburgh firm Rapid Flow to bolster its traffic management systems
Rapid Flow’s Pittsburgh head office will become Miovision’s fifth global location.
Toronto-Waterloo rises, Calgary and Montréal ecosystems to watch in Startup Genome’s global FinTech rankings
Vancouver cracks top 10 ecosystems with a population of less than three million.
Avidbots closes $70 million USD Series C round to grow fleet of commercial cleaning robots
Avidbots will also open a new, 70,00 square foot headquarters in Kitchener-Waterloo.
IMAX acquires video quality solutions startup Ssimwave in $28.3 million CAD deal
Disney, Paramount Global among mutual partners of Ssimwave, IMAX.
Communitech acquires Briefed.in to add data-backed insights to its repertoire
The Briefed.in deal is part of Communitech redefining its supports for startups.
Insurtech ProNavigator secures $10 million to power US expansion
ProNavigator calls itself the “Google Search for Insurance.”
D2L increases revenues as it tries to buck market downturn
Despite increases, CEO says growth slower than expected.
Amid recent wave of Canadian tech layoffs, Communitech brings The Help List back
The list aims to connect displaced tech talent with new job opportunities.
Market watch: Well Health, Magnet Forensics, Dialogue Health, and Thinkific Labs
Gains and losses aren’t about the verticals, but rather the companies.
Armed with more capital to back women entrepreneurs, Phoenix Fire makes first investment in VoxCell
Phoenix Fire’s LPs now include the co-founders of Thinkific and Odaia.
With only four deals closed, Q2 2022 was Waterloo Region’s least active funding quarter in three years
Only another Faire megadeal rescued Waterloo Region from its lowest investment quarter in a year.
BlackBerry, L-SPARK unveil third cohort for connected car accelerator
Third cohort sees return of Deeplite, Sensor Cortek.
Toronto, Vancouver tech talent pools saw highest growth in latest CBRE report
Ottawa is on par for highest concentration in tech talent with the San Francisco Bay Area.
Multilingual chatbot startup Proto secures $5.6 million for global expansion
Proto’s polyglot chatbot was created to improve inclusion, protection of customers.