BBTV reduces workforce by 14 percent following revenue decline in Q1
Layoffs continue to sweep Canada’s tech sector.
SaaS
Immigration expert-led Immigrate aims to help Canadian firms bring the talent they need to Canada
Immigrate claims to have processed over 1,800 applications to date.
S|W: The SaaS Weekly – Bessemer says centaurs are cool now, Clio agrees
Plus: 1Password adds Shopify alum Erin Zipes as chief legal officer, doubling C-suite over past year
University of Waterloo quantum expert-led EvolutionQ aims to help orgs “prepare for the quantum age”
As quantum computing race heats up, EvolutionQ secures $7 million CAD for quantum-safe cybersecurity.
Trendi, Swede, Frontly the latest early-stage BC startups to secure funding
Three early-stage BC startups secure pre-seed and seed funding.
Maropost acquires Swedish AI startup Findify for over $4.45 million USD
Findify’s clients include Victoria Beckham, Pharell Williams, and a Kardashian.
Flare Systems eyes US expansion following $9.5 million Series A funding
Flare wants to offer enterprise-grade tools to mid-sized companies.
Legaltech unicorn Clio now also a centaur after hitting $100 million USD in ARR milestone
Amid glut of unicorns, Bessemer calls centaur status “true mark of an exceptional SaaS startup.”
1Password adds Shopify alum Erin Zipes as chief legal officer, doubling C-suite over past year
Zipes has experience scaling legal team, leading Shopify through IPO.
Orna raises over $1 million in seed funding to bolster AI-powered cybersecurity platform
Orna is working on using blockchain tech for secure data storage.
PayShepherd closes $3.8 million CAD to fuel North American expansion of contractor billing solution
Calgary FinTech firm aims to spot billing mistakes before it’s too late.
Starting with Ontario, Kruzee aims to become North America’s leading online driving school
Ratehub, Juno College alum-led Kruzee gears up for launch with $500,000.
S|W: The SaaS Weekly – Sheryl Sandberg leans out
Plus: BC startups Kardium, HTEC, Kobalt, Symvivo receive cumulative $11.1 million from feds.
Nasdaq to acquire Montréal ESG software provider Metrio
Nasdaq’s last Canadian acquisition was Verafin for $2.75 billion USD.
Penny AI raises $33.9 million CAD Series B to expand direct sales solution
Penny’s platform supports sales consultants in over 60 countries and 25 languages.