Vistara Growth wants out of “tweener” category as private credit firm gears up to close fifth fund
BC firm has raised $370 million CAD for Fund V amid an increasingly hot venture debt market.
SaaS
Bench IQ raises $7.3 million CAD for AI platform analyzing judicial rulings
CEO’s previous company still in litigation with Thomson Reuters over 2020 copyright case.
Astrus announces $11 million CAD to automate semiconductor design with AI
Astrus aims to tackle a remaining bottleneck in chip design: analog circuits.
Cohere president Martin Kon stepping down, remains “key member” of the team
Enterprise AI company recently added former Meta, Uber execs to its C-suite.
Shopify bolsters product design team with acquisition of Molly Studio
E-commerce giant’s new Product Design Studio to operate like an “internal agency.”
Construction tech startup Mechasys lays out blueprint to scale with $23-million Series A
Startup aims to produce laser projector for construction sites in Montréal despite tariff concerns.
Taking Pride in Canadian tech
Plus: The former Meta employee trying to stop Canada’s AI brain drain.
Caseware replaces the majority of its C-suite as AI comes for the accounting tech stack
CEO David Marquis said he’s focused on “what’s required to win in the future.”
Canadian-led Dayforce to be taken private by Thoma Bravo in $12.3-billion USD deal
Toronto- and Minneapolis-based HR software firm joins wave of tech privatization deals.
BDC commits another $200 million to startups building tech for legacy industries
Second Industrial Innovation Venture Fund to have increased focus on critical minerals.
Sovra appoints new CEO Tom Spengler as it sells off “non-core businesses” to focus on government tech
Formerly known as MDF Commerce, the now-private Montréal company has also acquired Calgary’s Ontopical.
Vendasta launches AI agents to bring “enterprise-grade” automation to small businesses
Saskatoon software firm aims to make agentic AI more accessible for SMBs.
Healwell plans to offload research, patient businesses as it focuses on AI
Both Healwell and parent company Well Health reported record earnings in Q2.
Bobbie Racette steps down as CEO of Virtual Gurus after closing undisclosed funding
COO Elliot Schneier promoted to CEO as company founder becomes president.
US-based Landbase buys team and tech behind Canada’s Adauris to advance AI roadmap
Canadian-founded Landbase says Adauris alums will help it bring “vibe AI” to inbound marketing.