Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
SaaS
Flare raises $42.5-million CAD Series B to go global with cyber threat detection tech
Threat exposure management startup aims to head off credential theft with AI tools.
Absorb to acquire Together in bid to bring mentorship to its learning software
Calgary firm to absorb Together to provide more “comprehensive learning solution.”
Privacy Commissioner announces LinkedIn will pause training AI with data of Canadian members
Commissioner said LinkedIn believed its training model was privacy protective, but agreed to engage in discussions.
TikTok challenges feds’ shutdown order, calls national security review process “procedurally unfair”
Social media giant describes conflicting instructions during national security review.
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Alberta Enterprise Corporation launches Accelerate Fund IV with $15 million to back early-stage tech startups
First close from AEC brings Fund IV more than halfway to its $25-million target.
Lessons in leadership, hiring, and AI from SAAS NORTH 2024
Also discussed: how to make leather from mushrooms. SAAS NORTH 2024 was crazy.
Benevity reports over $140 million donated through its platform this Giving Tuesday
Calgary company sees dip in total donations, but rise in volunteering compared to 2023.
Musical AI partners with India’s Beatoven.ai to create “fully licensed” AI song generator
Music tech startups join forces to compensate IP holders for songs created with AI.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
The DOJ wants to take Google Chrome away, Rob Kenedi wants to decelerate tech
After a decade of quiet dominance, the browser space is suddenly filled with uncertainty.
Canada’s Competition Bureau targets Google for anti-competitive practices
Google faces anti-trust fights on both sides of border as Canadian agency looks to force sale of adtech tools.
With new name, FleetOps secures $30.8-million CAD Series A round
Now called Class8, trucking data startup’s round was led entirely by United States-based investors.
Nurau raises $1.5 million CAD in seed funding to take AI-powered HR coach to the US
Montréal-based startup claims its conversational AI platform can reduce HR complaints. What are the risks?