Gambit Partners aims to take some of the risk out of early-stage investing by leaning on its LPs
Led by Relay Ventures and VTS VPs, $2-million VC fund looks to leverage its LP battalion of Canadian tech operators.
SaaS
Identity-verification company Trulioo unveils new capabilities to accelerate person-matching
Trulioo uses AI and machine learning to accelerate customer verification.
OpenText acquires solutions partner KineMatik
KineMatik offers automation tools for business processes via OpenText marketplace.
Blanka raises $2.7 million CAD to simplify launching beauty brands
Blanka claims it can launch a new beauty brand in under an hour for less than $200.
Aptum promotes CloudOps founder to CEO following January acquisition
The company is revamping leadership as it looks to capitalize on AI-driven demand for multi-cloud solutions.
Redbrick expands portfolio with acquisition of video-editing software Animoto
Redbrick CEO said the company has reached $100 million in annualized revenue, 200 employees.
S|W: The SaaS Weekly – Ex-Salesforce VP claims company lied about data platform capabilities
Plus: Athennian navigates scaleup growing pains with layoffs, leadership changes.
Magnet Forensics acquires digital-media startup Griffeye to help investigate child abuse online
Griffeye claims its platform is used by over 1,000 police agencies globally.
Horizn acquired by US conversational AI firm Inbenta
Deal will add Horizn’s interactive product demos to Inbenta’s platform.
Canadian startups NLPatent, BorderlessHR, Monark accepted into Google’s Women Founders accelerator
Three startups represent Canada in a cohort of 11 North American companies.
Innerspace reveals $10-million Series A round to scale workspace utilization tech
Innerspace uses offices’ existing Wi-F infrastructures to gather occupancy data.
Legaltech scaleup Athennian navigates growing pains with layoffs, leadership changes
Athennian CEO says changes part of company “preparing for its next level of scale.”
Cybersecurity startup Field Effect on the hunt for acquisitions following $30-million CAD debt facility from Scotiabank
The average cost of data breaches in Canada rose to $5.64 million in 2022.
S|W: The SaaS Weekly – Only one Canadian company made Bessemer’s Cloud 100 list
Plus: Canadian SaaS companies have acquisition fever.
Salesforce, Radian6 veteran Chris Ramsey named CEO of criminal-intelligence startup Cybercheck
Radian6 sold to Salesforce for $436.9 million CAD during Ramsey’s time there.