Quantum startup Photonic raises $137 million CAD, strikes strategic partnership with Microsoft
Photonic has an “audacious” five-year plan to build a fault-tolerant quantum computing platform.
Vancouver
Private equity firm Vertu Capital acquires developer platform ActiveState
Vertu closed $300 million CAD for its first private equity fund in March.
Slack CEO Lidiane Jones to depart after a year in the role
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years.
Sanctuary AI, RainStick among #CDNtech companies named to TIME’s 2023 Best Inventions list
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal.
Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon.
Well Health acquires two cybersecurity businesses, Seekintoo and Proack
Well claims its cybersecurity branch Cycura now supports over 200,000 end users.
Bigg Digital Assets, owner of Netcoins, appoints Dan Reitzik as new interim CEO
Reitzik most recently served as CEO of TerraZero, a subsidiary of Bigg.
Canadian Council for Aboriginal Business receives $500,000 in federal funding to address barriers for Indigenous entrepreneurs
The new funding will help the CCAB promote the federal government’s 50-30 challenge.
Workplace investigation platform Case IQ acquires hotline service Whistleblower Security
Case IQ sees telephone hotlines as a “crucial” element of case management intake.
Struggling, TSX-listed BBTV announces plan to become a private company
BBTV founder and CEO, Well Health CEO to privatize Vancouver firm.
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Hiive secures $5.7-million CAD Series A to improve VC secondary trading
Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.
Ripple Ventures plants flag in Vancouver as firm envisions “coast-to-coast” Fund III
With Fund III backed by RBCx and VCCI, Ripple Ventures plans to hold final close by year’s end.
Buddybuild founder is back with new code-assist platform Unblocked
Amplify Partners, Slack founder Stewart Butterfield among Unblocked’s investors.
Business getaway marketplace RetreatsAndVenues takes first prize in New Ventures BC 2023 startup competition
Vancouver-based startups Browse AI and Blanka came in second and third place.