Sanctuary secures $30 million from Canada’s SIF to build robots with human-like intelligence
The AI startup is expected to hire more than 160 employees.
Mozilla acquires Canadian-founded startups Pulse, Active Replica to fuel metaverse strategy
The company behind web browser Firefox wants to deliver its own metaverse.
Canadian tech hubs not immune to downturn as Communitech lays off 10 percent of workforce
Innovation hub sees second significant staff reduction since 2019 provincial budget cuts.
OMERS Ventures’ Laura Lenz says “ego raising” is over in #CDNtech
VC says “there’s blame on both sides” for the lack of fundamentals in 2021.
Federal government’s Climate Action and Awareness Fund invests $58 million into 24 cleantech projects
Volkswagen fines fuel climate projects at Canadian universities.
L-Spark’s Leo Lax: 2022 has been a “disaster” for SaaS funding, though sector continues to grow
“The bias is less towards building the innovation economy, more towards sustaining what we got.”
Yield Exchange nabs $110,000 after winning both SAAS NORTH 2022 pitch competitions
The Vancouver startup provides an online marketplace for guaranteed investment certificates.
Alvéole closes $8.1 million Series A to help companies meet ESG goals with beekeeping
Buzzing with fresh capital, Alvéole aims to use bees to build greener cities.
Intuit launches third edition of Prosperity Accelerator for Toronto FinTech startups
Amid slowdown in FinTech funding, Intuit wants to continue helping startups scale.
BoostSecurity emerges from stealth with $12 million CAD to automate cybersecurity for DevOps
Two veterans in the application security space want everyone to deliver software at large scales.
Amazon layoffs hit Canadian teams, according to LinkedIn posts
Impacted roles in Canada include Amazon Alexa’s development team.
FreshBooks, Plusgrade, Day & Ross among six Scale AI projects to receive $25 million
Funded projects vary in applications, from the travel industry to accounting.
All the events to check out at Montréal Impact Week 2022
Panels include topics about measuring impact, impact investing, among others.
Xero appoints Canadian native Sukhinder Singh Cassidy as new CEO
Xero’s newest leader had exec positions at Google, Stubhub, Polyvore.
Customer experience platform Alida secures $60 million USD credit facility
With a new Edmonton office, Alida sets sights on the rest of North America and beyond.