Why many of Canada’s tech centaurs are in no rush to go public
Leaders from Clio, GeoComply, Wealthsimple, and others talk IPOs and the “SaaSpocalypse.”
Toronto
ContactMonkey founder steps down after 16 years, former Intuit leader to be next CEO
Jeff Cates had former leadership roles at Intuit Canada, Apple, and HP.
ThinkLabs secures $28-million USD Series A to help power grids manage data centre demand
The AI race will take a toll on power grids. ThinkLabs wants to use its own AI to help.
Venture studio AXL appoints fellows from Nvidia, NASA, Samsung
First cohort of senior U of T scientists aims to bolster studio’s industry expertise.
Will Xanadu lead Canadian tech back to public markets?
Plus: Canadian VCs fear an AI-driven “SaaSpocalypse.”
Xanadu makes solid debut as it begins trading on TSX and Nasdaq
Toronto-based quantum company the first new Canadian tech firm to list on the TSX since 2021.
Canadian VCs are starting to fear an AI-driven “SaaSpocalypse”
At CIX Summit’s Investor Forum, VCs grappled with AI’s impact on an already tough market.
Defence tech founder warns Canada is getting “wishy-washy” about defining sovereignty
At CIX Summit, Sentinel R&D CEO argued Canada must do more than onshore other companies’ capabilities.
Opendoor hiring in Canada as it looks to make Toronto a “major hub”
Up to 100 people could join Toronto team, but company has no immediate plans to enter Canadian market.
Wealthsimple gets regulatory approval to enter prediction markets
Toronto FinTech clears initial hurdle to enter controversial trading category popularized by Kalshi and Polymarket.
Chexy raises $14 million Series A led by Khosla Ventures
Rewards platform to expand from rent rewards into broader payments platform.
MaRS Impact Health returns to showcase Canada’s next big healthcare breakthroughs
Annual summit highlights Canada’s promising life science and healthtech startups on April 23.
Cohere teams up with Swedish defence firm Saab on AI for surveillance jets
Agreement marks the latest step in Cohere’s push to integrate its AI into defence technology.
BKR Capital secures initial $20 million for second Black Innovation Fund
Firm aims to address growing VC funding gap for Black founders in Canada.
Canadian companies make their case at Nvidia’s GTC conference
Cohere, Telus, and others showcase how they’re building with Nvidia’s dominant AI infrastructure.