OpenText lays off 1,200 employees as part of restructuring plan
CEO plans to add 800 new roles in sales, professional services, and engineering.
Canadian Startup News
OMERS sells medical testing giant LifeLabs to American firm Quest Diagnostics for $1.35 billion
LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed.
The Firehood, Pond-Deshpande Centre launch program to support Atlantic Canada women, non-binary founders
firestarter will send 10 companies to participate in Elevate Festival this fall.
Canadian-founded, New York-based AI startup Clay closes $63-million CAD Series B
Launched by McGill grads, Clay aims to help automate sales.
Picketa expands to help farmers in 13 US states analyze plant tissue
Picketa’s flagship offering can now analyze corn, a key crop for US farmers.
Montréal selected to host 2024 Kauffman Fellows Summit with top Canadian tech leaders
The globetrotting summit says it attracts hundreds of VCs interested in investment and partnership opportunities.
Eric Sprott-backed Argo Digital Gold secures strategic investment from WonderFi, Paxos
Funded by industry leaders, Argo aims to offer “seamless crypto-to-gold trading.”
Trader Corporation and Freelance.ca strengthen their online marketplaces through new acquisitions
Freelance.ca scoops up Workhoppers, while Trader purchases Collateral Management Solutions.
Raven Connected intends to grow workforce by 25 percent with Series A funding led by Telus Global Ventures
Connected car startup uses machine vision to track and analyze company vehicles and drivers.
Former Team Canada support staff secure $1.3 million to deliver Olympic-level corporate team building
Innerlogic seeks to speed up the path to better workplace culture with AI.
Three US companies hiring software engineers at six-figure salaries in Canada
Roles at Netflix, TradeStation, Credit Acceptance are open to Canadian senior software talent.
Following pivot to enterprise SaaS model, Haloo closes $4.7 million CAD
Startup has made key hires as it looks to scale from hundreds of SaaS customers to tens of thousands.
Healwell AI invests $2.7 million CAD into Elon Musk’s xAI to tap into company’s expertise, resources
Healwell CEO touts access to xAI’s closed developer program as big potential benefit.
Wealthsimple war rooms, Xanadu moonshots, and an Uber-inspired approach to accelerating Canadian innovation
Tech leaders share their post-ZIRP strategy at BetaKit Talks: In the Black, hosted by Float.
e-Zinc powers up with $42 million CAD to validate energy storage solution in the field
With beefed-up leadership team, CEO feels Chris Hadfield-backed e-Zinc is ready for pilot production.