Telegraph Ventures secures $35 million to back enterprise AI startups in Québec
The provincially backed spinoff fund aims to “catalyze” floundering pre-seed market.
Montréal
Sheertex maker SRTX confirms permanent cuts for 92 employees
Montréal startup formalized August dismissals shortly after CEO handoff to BonLook co-founder Sophie Boulanger.
Telus opens inaugural Sovereign AI Factory in Rimouski
Facility lets Canadian entities develop and tweak AI while keeping their data in Canada.
Canada will update AI strategy a year ahead of schedule: Evan Solomon
AI minister says Canada “can’t afford to wait” as government assembles AI strategy task force.
Nesto bets on big banks as a way to provide more Canadian mortgages
Montréal-based mortgage lender says proprietary data is its “unfair advantage.”
Harley Finkelstein and David Segal to explore their entrepreneurial paths at Open House Montréal
BetaKit, TechTO, and Sage partner for fireside chat with iconic Montréal entrepreneurs.
Keypr incorporates Nesto mortgage services into platform for homebuyers
Konfidis Realty’s tech platform aims to set itself apart with lower commissions and covered legal costs.
Pender Ventures partner Isaac Souweine leaves VC firm
“Mutual” decision leaves Souweine searching for new opportunities in Canadian tech.
Canada outpaced US in tech talent growth in 2024: CBRE report
Toronto eclipsed New York while Waterloo soared 11 spots to become a top North American tech market.
FeX Energy raises $4.8 million CAD on bet that iron can power the energy transition
McGill spin-out is piloting iron reactor for renewable energy storage targeting heavy industry.
Ssense reaches agreement with lenders on restructuring plan
Online retailer to continue under current leadership with $40 million in interim financing.
Bo’s rollercoaster year ends in “seven-figure” acquisition
After layoffs, stalled funding, and doubts about survival, Montréal startup acquired by Tricentris.
LocusX raises $3-million seed round to debug game code with AI
Platform aims to improve “fix rate” for developers facing growing demands.
Ssense wins temporary protection in battle with creditors
Montréal fashion retailer granted stay order as lenders push for a court-supervised sale.
Shopify and VitalHub return to TSX top 30 list while Propel Holdings and MDA Space make debuts
Canadian tech delivers the strongest average share price increase in this year’s rankings.