Lightstrike raises $1.1 million CAD pre-seed round to commercialize AI-powered code mapper
Round leader Sprout Fund helped Lightstrike founders “mature at a breakneck pace.”
SaaS
Insurance giant Intact scoops up home maintenance startup Jiffy
Deal expected to expand Jiffy’s service to more Canadian markets.
Sonaro, Celestra, Oasis Learning AI among competition winners at SAAS NORTH 2024
Startup winners collectively took home more than $600,000 from the conference.
One chart that will make you feel good about Canadian tech
Plus: Neo’s backers, Wealthsimple’s value, and Shopify’s concerns.
The state of Canadian software in 2024
Inovia’s Chris Arsenault came to SAAS NORTH armed with data and perspective.
UniUni secures additional $42.2 million CAD to strengthen US expansion
Three-year revenue growth of nearly 13,000 percent earned the startup a spot on Deloitte’s Technology Fast 50.
Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million
Managing partner attributes success in a tough environment to its returns, committed anchor, and consistency.
Office management startup GPHY plans to grow sales outside of Québec with $5-million CAD seed round
Company uses anonymized sensors to count in-office employees in the era of hybrid work.
1Password alters leadership with David Faugno appointed co-CEO alongside Jeff Shiner
Faugno was tapped to serve as the company’s first-ever president and COO last year.
AppDirect’s acquisition spree heats up as it reveals plans to purchase vCom Solutions
The deal marks the fourth acquisition for Canadian-founded AppDirect in the last two years.
Armed with $1.6 million CAD, runQL wants to take the chaos out of data query management
Communitech’s former CTO wants to save data teams hours in “painful admin work.”
Aron Levitz named co-president of Wattpad as #CDNtech executive turnover continues through the fall
Geordie Rose leaves CEO role at Sanctuary AI, becoming the second co-founder to depart this year.
Citing national security risks, feds order shutdown of TikTok’s Canadian arm but forgo outright ban
Minister Champagne says Canadians can still access TikTok, calling that “a personal choice.”
Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings
Lightspeed beats revenue forecasts as Well Health reaches record revenues in fiscal Q3 2024.
Neo Financial snags top spot on Deloitte’s 2024 Technology Fast 50
This year’s winners achieved an average three-year revenue growth of 3,559 percent.