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.
SaaS
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.
How Collectr bootstrapped a trading card hobby into an eight-figure business
Former Doorr founders’ new app has amassed four million users in four years, including new advisor Steve Aoki.
Uno Platform raises $3.5 million to bring “pragmatic vibe coding” to enterprises
Startup says patent-pending technology aims to boost career coders’ productivity without sacrificing security.
OpenText replaces longtime CEO Mark Barrenechea as it considers selling off “non-core assets”
James McGourlay takes over as interim CEO after company reports stalled revenue growth in its latest earnings.