Define Capital fuels up for more niche software acquisitions with $28-million debt facility from Scotiabank
Toronto private equity fund warms up to the idea of buying corporate spinoffs and venture-backed startups.
Ontario
Canadian drone maker ZenaTech expands US presence “earlier than expected” in response to Trump policies
It is now “dramatically easier and faster” for Toronto drone company to sell directly to the military.
Canada’s former open banking lead joins FinTech startup Brim Financial
Abraham Tachjian to serve as Brim’s regulation chief as federal open banking framework remains in progress.
Uberflip co-founder secures $1 million to help families pass down valuables with Trusty
Repeat tech entrepreneur Randy Frisch sees potential to build a “modern letter of wishes.”
GreenSky closes $23.5-million sixth fund with help from new managing partner Jeff Brunet
NBIF becomes LP as Toronto firm dips its toes into institutional investor pool.
Cohere to open South Korean office, expand AI offerings in Asia Pacific
Enterprise AI developer partnered with tech giant LG and South Korean government for AI diplomacy program.
Moonvalley raises additional $84 million USD to meet demand for its Hollywood-friendly AI video generator
Toronto-based company has raised $154 million since founding in 2023.
Pharmacy AI agent Asepha raises $4 million USD to double staff and open New York office
Asepha answers the phone and files prescriptions so your pharmacist doesn’t have to.
Tailscale CEO Avery Pennarun says pressure to adopt AI has created a “Wild West” for corporate cybersecurity
Pennarun wants companies to stop putting their private API servers on the public internet.
Canadian co-founded eSIM provider Airalo hits unicorn status with $220-million USD Series C round
COO Abraham Burak left the University of Ottawa to launch the billion-dollar business.
No meetings, no mandates: Inside Intuit’s five-day innovation week for technologists
During Intuit’s Global Engineering Days, teams transform ideas into solutions for millions.
Manzil wants to become “the North American Islamic neobank” as it expands to the US
Toronto FinTech startup sets its sights south of the border post-Aghaz acquisition.
Opennote raises $850,000 USD, secures Y Combinator spot for edtech platform
The three student founders plan to build stateside.
Cobionix secures $4.1 million to commercialize its collaborative medical robot
Funding to support pilot projects that move CODI the robot “from bench to bedside.”
OpenText CFO Chadwick Westlake to succeed the late Andrew Moor as CEO of Equitable Bank
Westlake was being groomed for the EQB CEO job before joining OpenText five months ago.