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FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.
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Funding
Montréal-based digital mortgage lender wants to speed up approvals using AI.
AI
Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars.
AI
Delayed strategy promises plan to encourage Canadians to reinvest tech investment gains in AI startups.
VC
Crown corporation’s board chair says Hudon will help shape its next five-year strategy.
Defence Tech
Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.
Photonic has an “audacious” five-year plan to build a fault-tolerant quantum computing platform.
With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion.
Stewart will serve as ChargeLab’s new president, while Smith has joined as VP engineering.
Plus: Thomson Reuters commits $100M a year to GenAI, Google $2B to Anthropic.
Industry contributions bring the total value of the projects to $55 million.
Trustmatic marks Certn’s third international acquisition in the last two years.
Vertu closed $300 million CAD for its first private equity fund in March.
Receivership occurs just over two years after listing on the TSX Venture Exchange.
Plus: Uber, Lyft to pay $328 million to settle wage-theft allegations.
The province’s new bill follows tech sector clash with engineering regulator.
CRIN received $100 million from the SIF in 2020 to lower the environment impacts of fossil fuels.
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years.
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal.
Plus: BDC recommits to seed deals with $50M fund.
Plus: The BetaKit Keynote Stage returns to SAAS NORTH 2023.
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Waabi’s Raquel Urtasun and CCI’s Jim Balsillie came to Toronto Tech Week armed with data and predictions.
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