Evolving Canada’s AI strategy with CIFAR’s Elissa Strome
With phase three of its strategy on the horizon, can CIFAR keep up with AI’s pace of change?
Montréal
Paper co-founder Roberto Cipriani steps down from day-to-day role
Montréal EdTech startup’s tumultuous summer continues following layoffs, leadership shakeups.
Nomic Bio secures $42 million Series B to expand startup’s protein mapping platform
Montréal-based Nomic Bio claims technology now in use by more than 75 companies.
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Union representing Canadian Paper tutors threatens legal action following mass layoffs
Union says no complaints have been filed yet, but “several lawyers” are working the case.
Six Canadian universities among PitchBook’s 2024 top 100 schools for founders
University of Waterloo tops list of Canadian post-secondary institutions that produce future founders.
MKB raises $145 million for third cleantech fund mostly from government agencies
Canada Growth Fund, Investissement Québec, CDPQ, and BDC have announced their investment in MKB Fund III.
Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
Paper CEO Phil Cutler out, startup cuts 45 percent of HQ staff and all Canadian tutors
Startup sees fourth round of layoffs within a year as EdTech veteran Rich Yang becomes interim CEO.
Nuvei posts 30% revenue growth in second quarter
Nuvei announced it plans to acquire Brazil-based Pay2All earlier this week.
Dax Dasilva wants his bonus
Plus: More money on the table for diverse founders.
Lightspeed beats revenue forecast in first full quarter under Dax Dasilva’s renewed reign
Montréal-based company reports 27 percent year-over-year sales increase to $266.1 million USD.
Ottawa announces second tranche of VCCI funding to support underrepresented entrepreneurs
An additional five VCs from Vancouver, Toronto, and Montréal will receive portions of the $25 million commitment.
Three Canadian FinTech firms strike new partnerships
VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.