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.

Claudio Rojas
VC

Sluggish growth, lost value: what decades of data reveal about Canada’s early-stage funding gap

Feb 23

NACO and Startup Genome report argues that Canada’s tech ecosystem lost $66 billion USD in value.

Québec has a new digital sovereignty plan. Will it work?

Feb 19

The $1.4-billion plan was tabled on the heels of a digital fiasco at the provincial auto board.

AI

Cohere reportedly soars past revenue target, with $240-million USD ARR

Feb 13

Canada’s AI champion had projected $200 million USD ARR last year.

Deep Tech

Mesosil’s infection-fighting dental tech gets FDA clearance

Feb 13

Green light lets Toronto-based startup’s technology be sold in US market.

Deep Tech

Photonic claims “world-first” quantum teleportation across Telus fibre network

Feb 13

Quantum company deepens partnership with investor and telecom giant.

AI

Backboard.io claims its AI has a better memory than yours

Feb 11

Ottawa startup’s AI platform outperformed other models on two memory benchmarks.

Markets

Shopify stock slumps despite record-breaking Q4 revenue

Feb 11

E-commerce giant authorizes $2-billion USD share buyback as CFO touts strong balance sheet.

A BDC sign.
Funding

The feds asked investors for candid feedback on BDC. It was never actioned

Feb 11

BetaKit-obtained 2023 report outlines private-sector grievances with Canada’s largest VC.

Retail

Ssense founders can buy back company, court rules

Feb 10

Atallah brothers’ $78-million buyback bid moves forward despite several creditors’ objections.

Funding

Modem closes $4.4-million USD pre-seed round to help developers ship faster

Feb 10

Co-founders from Sentry, Cohere back Toronto startup’s AI product management platform.

Funding

Haply Robotics raises $16 million to build the “steering wheels” for physical AI

Feb 9

How the Montréal startup plans to own the touch layer of robotics.

Funding

Kaster Technologies raises $1.6 million to scale up pharma manufacturing

Feb 9

Polytechnique Montréal spinoff develops algorithm to reduce drug shortages.

Markets

Despite Q3 loss, Lightspeed optimistic on executing growth and profitability plan

Feb 5

Retail tech firm’s shares dipped slightly amid a tough week for software stocks.

VC

BDC head says bank pulled back from life sciences “too early” as it preps new VC fund

Feb 4

Upcoming life sciences fund to invest directly in companies from a more than $100-million envelope.

VC

Building with AI is now the “price of admission” for software startups, Inovia report says

Feb 4

AI-native startups ate up 40 percent of software deal value in Canada in 2025.

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