Spark Microsystems raises $34 million to meet chip demand amid supply crunch
Spark aims to accelerate product development amid chip shortages and demand fluctuations.
Montréal
Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans
Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November.
Synctera secures National Bank funding, partnership to bring banking-as-a-service platform to Canada
Synctera helps FinTechs build and launch compliant financial products debit and lending.
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
BDC Capital’s Thrive Venture Fund joined to lead the extension.
Lightspeed COO Brandon Nussey to depart in latest C-suite shakeup
The COO is the latest in a string of exec changes at Lightspeed.
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year.
Paper acquires MajorClarity to add post-secondary planning into its K-12 platform
Deal comes after post-secondary enrollment reaches 10-year low.
AssistIQ raises $2.5 million CAD to cut down on medical waste in hospitals
AI platform tracks use of disposable medical devices, supplies for surgeries and common procedures.
CDPQ makes executive changes following Celsius investment write-off
Crypto winter chill touches more Canadian funds, startups.
Prevu3D raises $13.3 million CAD to help enterprises take “first steps” into industrial metaverse
Prevu3D claims 3D digital twins can reduce industrial carbon footprint.
Real Ventures partners with Panache, Inovia to relaunch FounderFuel accelerator
Longstanding venture-backed startup program goes national with hybrid approach.
Thinkific, WonderFi, VerticalScope face leadership changes following layoffs
Canadian tech companies hit with executive exodus amid sector downturn.
GSoft acquires Didacte to bolster employee engagement software suite
GSoft said this marks the beginning of more acquisitions.
Hippoc announces $3 million to help marketers test ad campaigns using neuroscience
Hippoc’s web-based platform can predict the cognitive impact of an ad before it goes live.
Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day signal: six more weeks of tech winter
Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.