Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
Ontario
VentureLab’s latest HardTech Summit explores barriers, opportunities facing Canadian deep tech startups
Event surveys state of play in Canada for hardware firms in medtech, AI, and other sectors.
Cavelo secures $5-million Inovia-led seed round to help financial services firms protect their data
With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion.
Shopify shares jump after company’s Q3 revenue, profit beat analyst expectations
Cost reductions, fulfillment changes help fuel strong Q3 for Shopify.
RBCx hires former SVB Canada employees to bolster support for seed-stage and life sciences startups
RBC joins growing list of Canadian banks to add talent from now-defunct SVB Canada.
Hyatt brothers aim to build their “next big thing” with majority ownership of DataStealth
After exiting Dyadem and BlueCat for over $1 billion, the Hyatts have teamed up again to tackle cybersecurity.
Ontario government, Rogers invest combined $8.8 million for province-wide cybersecurity initiative
Canadian Cyber Threat Exchange, TMU’s cybersecurity centre are leading the initiative.
OBIO offering up to $20,000 in grants to women-led health science companies
Deadline to apply for OBIO’s Women in Health Initiative is September 10.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
Vector Institute, Ontario Centre of Innovation secure combined $77-million provincial funding
OCI received $50 million from Ontario’s $107-million Critical Technology Initiative.
List highlights 10 fast-growing, impactful SDTC-backed Canadian cleantech firms
Mara Renewables, MineSense, Ecopia AI crack the list alongside returnees Saltworks, Hifi, among others.
Ontario innovation consortium SOSCIP shuts down as three-year federal funding ends
SOSCIP helped researchers access advanced computing platforms and technical expertise.
One year in, competition in Ontario’s iGaming market remains red hot
Cutthroat competition and tighter rules on advertising are forcing operators to compete on unique features in Ontario’s $1.4…