Cohere doubles down on agentic search capabilities with new Embed 4 model
Agents will continue to be an important part of enterprise AI adoption, Cohere told BetaKit.
SaaS
Corinex secures $42 million CAD to continue its European expansion
Corinex’s sensors and software help utilities providers monitor their power grids.
Beloved mentor and L-Spark co-founder Patrick White to depart leadership role after 12 years
White told BetaKit working at the Ottawa-based accelerator made him want to “get into the game.”
Shopify, Lightspeed lead Canadian tech stock surge after US pauses universal tariffs
President Trump’s off-the-cuff social post spurs tech stock rally, reversing last week’s rout.
Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth
Company achieves $2 billion CAD valuation after doubling customer base in 10 months.
Glowtify wants to be the AI-driven marketing solution for lean e-commerce teams
Montréal-based startup secures $825,000 in pre-seed financing from angel investors.
Kepler Communications sells its first on-orbit compute power to Axiom Space
The Toronto firm’s satellite constellation will help power an orbital data centre
Trulioo taps former Nuvei exec Vicky Bindra to take over for retiring CEO Steve Munford
Munford, who led the company to unicorn status, will work with Bindra to ensure a smooth transition.
Canadian holding company Tiny buys controlling stake in DJ software company Serato for $94.5 million
Serato hopes to accelerate its growth while honouring the community of artists it serves.
Nanoprecise closes Series C to predict industrial equipment failures with AI
Edmonton startup nabs $36 million USD to bring its tech to Southeast Asia, Latin America, Africa.
Basetwo emerges from CIX Summit 2025 as Canada’s representative for the Startup World Cup
Clio founder Jack Newton also recognized as CIX Innovator of the Year.
Vooban hiring up to 25 AI roles in Ontario as it welcomes surge in enterprise AI adoption
Québec City-based AI service company looks to add solution architects, account executives for Ontario expansion.
ExxonMobil takes CoLab Software’s AI tool out to sea with $5.6-million oil rig partnership
R&D funding supported hiring of 17 full time employees at CoLab’s St. John’s headquarters.
As online threats get worse, Styx raises $2.7 million for digital risk protection platform
Repeat cybersecurity entrepreneurs take aim at brand impersonation, phishing scams, AI imposter content.
FreshBooks reveals new CEO Shaheen Javadizadeh after securing $179 million in debt from Morgan Stanley
Company expected to use new facility to refinance existing debt as interim CEO Mara Reiff moves to COO.