Klue lays off 40 percent of staff as startup faces internal and external AI pressure
BC software firm restructures to become “AI-first” amid rising competition from DIY solutions.
SaaS
Botpress closes $34-million CAD Series B to help companies build and deploy AI agents
Québec software startup aims to be part of “the infrastructure layer” powering agentic AI.
Storytime Capital holds $14-million first close of Fund II to back more startups modernizing work
Early-stage Toronto VC firm also appoints Lauren Epstein as partner.
$100-million credit facility from La Caisse helps AppDirect make second energy brokerage acquisition this year
Canadian-founded software firm buys Québec-based DNE Resources following purchase of Broker Online Exchange.
Former Graphite Ventures analyst to launch new Vancouver incubator Althra
Althra aims to create more space for early-stage, generalist tech founders to build.
US private equity firm Vista ups stake in Assent at reported $1.3-billion USD valuation
Company spokesperson denied that Assent had been acquired, but declined to break down post-deal ownership structure.
June Health launches menopause platform nationally to connect women with healthcare through employer plans
Digital health platform aims to streamline access to menopause symptom treatment.
Sezzle sues Shopify for alleged “unfair” privileging of its own buy-now, pay-later feature
Lawsuit claims Shopify charged businesses fees and redirected potential Sezzle customers to its own service.
Vessel raises $10.3 million to retool VC for the age of AI
Platform developed by two ex-LPs aims to automate “grunt work” for GPs and improve LP relationships.
MesoMat expects smart rubber to hit the road around the world as it builds out commercial tire-monitoring platform
McMaster spinout raises seed funding to build out its sales and commercial operations.
ApplyBoard lays off employees due to “policy changes across major study destinations”
Edtech unicorn is focusing beyond English-speaking world as Canada and US cut immigration numbers.
CarbonCure and VerticalScope replace founding CEOs as #CDNtech companies see turnover at the top
Adlib Software and Scope Technologies also recently shuffled the C-suite.
American gig giants Instacart and Uber add Canadian executives to top leadership positions
Chris Rogers tapped to lead Instacart as CEO, Uber appoints Andrew Macdonald as global president and COO.
AppDirect eyes rising energy demand with acquisition of Broker Online Exchange
Canadian-founded software services giant continues acquisition spree with gas, electricity brokerage platform.
Industry watcher says recent Shopify ruling could embolden companies to challenge CRA data requests
Federal court dismissed CRA’s request for six years of data on Shopify merchants.