Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
Montréal
Aptum Technologies acquires CloudOps to expand its cloud solutions
Combination of two cloud-based businesses opens up multiple sectors for Aptum, CloudOps in Canada, US, and UK.
Nuvei enters $1.7 billion CAD deal to acquire US payments tech firm Paya
Paya’s share price climbed by 24 percent following the news of its potential acquisition.
NorthStar raises $47 million CAD Series C round for expected satellite launch in mid-2023
The Montréal startup provides monitoring solutions for all near-Earth orbits from space.
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
Nesto raises $80 million CAD in Series C financing
The round was led by Power company IGM Financial.
Innovobot holds initial close of targeted $40 million fund to invest in “deep tech for good”
The fund has secured $14 million from entrepreneurs and family offices.
IBM to hire 250 in New Brunswick for new Client Innovation Centre
This week, IBM also awarded $35,000 USD to two Montréal-based startups.
Perceiv AI raises $1.5 million to better predict the progression of diseases
Startup’s platform initially focused on improving outcomes for Alzheimer’s patients.
Goloot announces $4 million to improve online advertising for D2C merchants
Backed by former Paysafe leaders, Goloot has amassed a list of customers that includes Lancôme, Keurig, and SSENSE.
Former head of marketing at Klaviyo and Dropbox joins Lightspeed as chief marketing officer
Kady Srinivasan tasked with helping drive Lightspeed’s strategic growth and innovation.
Montréal Startup Community Awards 2022 honours #MTLtech’s best and brightest
Winners include Real Ventures’ Katy Yam, Startup Montréal’s Liette Lamonde.
RailVision Analytics closes $5.5 million CAD to cut train emissions by curbing fuel consumption
Trucks choo-choo chooses RailVision following successful pilots with Via Rail, Metrolinx.
Coveo’s Louis Têtu on market cycles, mentorship, and “recipes for failure”
Avoid “yes people.” Choose to be “the dumbest person in the room.”
Eight Canadian universities land in PitchBook’s 2022 top 100 schools for founders
The University of Waterloo keeps top spot for Canadian schools.