ApplyBoard lays off employees due to “policy changes across major study destinations”
Edtech unicorn is focusing beyond English-speaking world as Canada and US cut immigration numbers.
Ontario
Portless raises $24.7 million to be retailers’ port in a trade storm
Logistics startup gives importers alternative to up-front duties following end of “de minimis” exemption.
Rails launches hybrid crypto exchange after raising $14 million USD in token warrant sale
Toronto and Miami’s Rails claims to provide self-custody without sacrificing performance.
CarbonCure and VerticalScope replace founding CEOs as #CDNtech companies see turnover at the top
Adlib Software and Scope Technologies also recently shuffled the C-suite.
American gig giants Instacart and Uber add Canadian executives to top leadership positions
Chris Rogers tapped to lead Instacart as CEO, Uber appoints Andrew Macdonald as global president and COO.
Xanadu touts another advancement toward scalable quantum computing
Startup’s researchers generated error-resistant photonic qubits on a single chip for the first time.
Google allocates $13 million in funding to strengthen Canada’s AI workforce
First Nations Technology Council, Skills for Change, Toronto Public Library named as recipients alongside Amii.
Former Raptors star Jerome Williams newest teammate of community connector Swiirl
Startup helps brands connect with community and student creators for social impact.
Zown expands homebuying app into the US after early Canadian success
The company believes a California expansion will help it go “anywhere.”
Amid AI proof-of-concept fatigue, Cohere co-founder urges potential customers to keep the faith and focus on ROI
Ivan Zhang says AI firms have their work cut out winning back clients “burned” by failed pilots.
BetaKit repeats as General Excellence winner at SABEW Canada Awards
BetaKit reporter Josh Scott also awarded for the second year in a row.
University of Toronto and Vanguard team up to expand AI research in finance
Vanguard will also add around 70 roles to its AI research team in Toronto.
Medtech AI startups ProteinQure and AssistIQ each close Series A rounds
ProteinQure to debut AI-engineered cancer drug in the clinic, while AssistIQ expands medical supply platform.
Michael Southworth “specifically chosen” as Assent’s new CEO to spearhead $250-million revenue effort
Longtime CEO Andrew Waitman, who led the company to centaur status, will become executive chairman.
Pender and Novacap recognized for cashing in on last year’s go-private wave at 2025 CVCA Awards
The honours celebrate the deals, dealmakers, and community service behind Canada’s VC and PE firms.