Sagard hires Georgian’s Parinaz Sobhani as investment firm’s first head of AI
Alternative asset manager bets AI will play a big role in investing over the next decade.
Quebec
Hardbacon to file for bankruptcy after Google search changes crush affiliate business
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue.
ALL IN 2024 returns to Montréal for its second year
Canada’s leading AI conference to feature speakers from Mila, Forethought, and Meta.
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.
Sonder inks Marriott licensing deal, secures additional liquidity amid continued challenges
Canadian-founded short-term rental firm expects to benefit from Marriott’s distribution.
Ex-Google DeepMind leaders bring Reliant AI out of stealth with $15.4-million CAD seed round
Yoshua Bengio-backed startup wants to help biopharma researchers wrangle their data faster.
Two new contracts take off as SBQuantum looks to send its tech to space
Startup is launching projects with the Canadian and European space agencies.
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.
Ecosystem Spotlight: Montréal’s tech sector faces change with savoir-faire
CIBC’s Eric Laflamme on the “perfect mix” of investment alchemy in Canada’s most European city.
Nuvei posts 30% revenue growth in second quarter
Nuvei announced it plans to acquire Brazil-based Pay2All earlier this week.
LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum
Warned it could be delisted in 180 days, company secures up to $9 million USD in bridge financing.
Former Delve Laboratories, Dialogue leaders secure $2 million to help cyber insurance brokers sell policies and assess risk
Inscora plans to launch its “value-added cyber insurance” software by the end of 2024.
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.
Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility
UgoWork said it might raise additional capital, but declined to disclose further details.
Three Canadian FinTech firms strike new partnerships
VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.