Inside FreshBooks’ struggle to reach profitability
FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns.
New funding for Kepler and Wyvern headline busy month in Canadian space tech
Wyvern and Kepler secure funding, Mission Control inks big partnership, and Volta Space preps for launch.
NCC commits $22.8 million to 37 cybersecurity projects
Projects funded by National Cybersecurity Consortium to focus on commercialization, development, and training.
Fable raises $25-million USD Series B round from Five Elms Capital to tackle accessibility in AI
Disruption Ventures gives up board seat to Five Elms after exiting its Fable position.
Ontario launches second phase of life sciences strategy to bolster research and funding
$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement.
Rivercity Innovations freshens up with $2 million CAD to further expand cold chain monitoring around the world
Round marks first major investment by StepChange, a growth capital firm targeting Western Canada.
‘AI godfather’ Geoffrey Hinton co-wins 2024 Nobel Prize in Physics
British-Canadian University of Toronto professor has repeatedly warned against the unchecked development of AI.
BlueCat Networks to acquire San Francisco-based LiveAction from Insight Partners
Insight will remain a minority investor in the network intelligence solution.
Fujitsu launches Cohere-powered Japanese LLM for enterprise use
Fujitsu invested in Cohere as part of a partnership to develop an LLM for the underserved language.
Koho secures $190 million CAD in equity and debt to bolster banking licence efforts
CEO said he’s not betting the company on banking licence at Elevate.
Nano One to increase battery material manufacturing capacity with funding from US Department of Defense
$17.8 million CAD to support Nano One’s Candiac, Québec and British Columbia facilities.
Loss of DoorDash partnership prompts Payfare share price plummet and strategic review
Shares dropped more than 75 percent Friday after news that firm’s largest customer would not renew its contract.
Koho set to launch line of credit offering through partnership with Propel Holdings
FinTech startup to roll out bank-like offering as it attempts to become a licenced bank.
Rebelstork secures $24.45 million CAD Series A to bolster tech and operations
All-equity round saw participation from Serena Williams’ and Jay Z’s venture funds.
Paper co-founder Roberto Cipriani steps down from day-to-day role
Montréal EdTech startup’s tumultuous summer continues following layoffs, leadership shakeups.