Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Canadian Tech & Startup News
Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Madison McLauchlan

Madison McLauchlan (she/her) reports on tech and innovation for BetaKit from Tiohtià:ke/Montréal. You can reach her (in French or English) at madison.mclauchlan@betakit.com or on Signal at madisonmcla.12.

Funding

Anges Québec looks to expedite early-stage rounds with co-investment angel fund

May 9, 2025

Elevia Fund plans to deploy between $1 million to $3 million every year across eight to 10 startups.

A pair of hands holding a mobile phone which has the Shopify logo on it
Markets

Shopify posts solid Q1 2025 earnings amid trade war but anticipates slight profit dip

May 8, 2025

CFO says closing of de minimis exemption for Chinese goods not expected to have short-term “meaningful impact.”

Outgoing Velocity incubator head Adrien Côté is bullish on Waterloo’s tech future

May 7, 2025

Velocity’s interim director says the university’s emerging startup community is “growing exponentially.”

Layoffs

OpenText makes AI “number-one priority” as company slashes 1,600 jobs

May 6, 2025

Enterprise software giant detailed 10-point AI mandate in internal email to employees.

Funding

Exterra secures $20-million Series A to turn mining byproducts into decarbonization gold

May 5, 2025

Cleantech company hopes to open Québec asbestos mitigation plant by 2027.

AI

Cohere Labs head calls “unreliable” AI leaderboard rankings a “crisis” in the field

May 2, 2025

Cohere-led study claims popular crowd-sourced leaderboard LM Arena tipped scales for Google, OpenAI.

Quebec Tech
Montréal

Québec Tech highlights hardtech in latest scaleup cohort with international ambitions

Apr 30, 2025

Stage V program aims to turn startups into “true scaleups” with tailored support.

VC

“Hard work lies ahead”: Canadian tech leaders strike urgent tone on policy asks following Liberal victory

Apr 29, 2025

Domestic procurement, boosting business investment key issues for Carney government, industry groups say.

Funding

Québec grants Centech $4.5 million to boost deep tech, medtech commercialization

Apr 28, 2025

Puzzle Medical, Eli Health graduated incubator-accelerator program run out of École technologique supérieure.

Retail

Frank And Oak selling brand, closing all stores following second insolvency filing

Apr 23, 2025

Embattled retailer with ties to Montréal tech set to shutter stores on May 18.

AI

Latest Google for Startups Accelerator cohort makes AI de facto entry requirement

Apr 22, 2025

Montréal-based companies lead the pack of B2B SaaS startups selected for 10-week program.

Events

At World Summit AI, cautious tone of researchers drowned out by cutthroat adoption race

Apr 21, 2025

Cohere says first movers on AI agents will gain “competitive advantage.”

yoshua bengio
Events

Yoshua Bengio warns of “catastrophic risks” of agentic AI at World Summit AI

Apr 16, 2025

Deep neural networks trailblazer recommends building non-agentic AI programs without goals of their own.

Events

Enterprise AI companies announce hiring spree for Montréal AI talent

Apr 16, 2025

Toronto-based Alexa Translations draws on local talent to power new translation LLM.

AI

Cohere doubles down on agentic search capabilities with new Embed 4 model

Apr 15, 2025

Agents will continue to be an important part of enterprise AI adoption, Cohere told BetaKit.

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