News from BetaKit

CIFAR leader expects CAISI to help inform AI policy in Canada and abroad

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Josh Scott @ BetaKit 3 place · 11/18/2024 12:59 EDT

With its new AI safety institute, Canada aims to study the technology’s risks and collaborate with other countries. Read more ›

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One chart that will make you feel good about Canadian tech

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Douglas Soltys @ BetaKit 1 place · 11/18/2024 05:00 EDT

Plus: Neo’s backers, Wealthsimple’s value, and Shopify’s concerns. Read more ›

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The state of Canadian software in 2024

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Douglas Soltys @ BetaKit · 11/17/2024 19:48 EDT

Inovia’s Chris Arsenault came to SAAS NORTH armed with data and perspective. Read more ›

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University of Waterloo’s Velocity moves out of the Garage

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Alex Kinsella @ BetaKit 1 place · 11/15/2024 17:41 EDT

Six years in the making, UW's startup incubator has a new home in the Innovation Arena. Read more ›

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Neo’s backers, Wealthsimple’s value, and Shopify’s concerns

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Isabelle Kirkwood @ BetaKit 1 place · 11/15/2024 16:50 EDT

Test your knowledge of Canadian tech news with The BetaKit Quiz for Nov. 15, 2024. Read more ›

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UniUni secures additional $42.2 million CAD to strengthen US expansion

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Isabelle Kirkwood @ BetaKit 3 place · 11/15/2024 16:17 EDT

Three-year revenue growth of nearly 13,000 percent earned the startup a spot on Deloitte's Technology Fast 50. Read more ›

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Canadian-led Medeloop closes $15.5 million USD in Inovia-led Series A round

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Isabelle Kirkwood @ BetaKit 2 place · 11/15/2024 06:30 EDT

The founder of exited startup Medesync wants to accelerate clinical research with AI. Read more ›

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‘It’s life or death’: Québec ecosystem frustrated after IQ suspends early-stage program

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Madison McLauchlan @ BetaKit · 11/14/2024 17:08 EDT

Impulsion PME no longer accepting applications until further notice. Read more ›

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Power marks up value of stake in Wealthsimple beyond 2021 peak

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Josh Scott @ BetaKit 3 place · 11/14/2024 15:49 EDT

Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal. Read more ›

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Manitoba launches new innovation and technology department amid cabinet refresh

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Isabelle Kirkwood @ BetaKit · 11/14/2024 13:56 EDT

Mike Moroz will head the division supporting the province’s tech industry and modernizing public services. Read more ›

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Report: Québec VC funding continues downward spiral in Q3 2024, but shows early-stage promise

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Madison McLauchlan @ BetaKit · 11/14/2024 11:30 EDT

The province has not recorded a growth-stage investment since Q2 2022. Read more ›

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Scaling infrastructure for a market that never sleeps

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Isabelle Kirkwood @ BetaKit · 11/14/2024 09:00 EDT

How Aquanow keeps crypto transactions flowing around the world. Read more ›

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Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million

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Josh Scott @ BetaKit 1 place · 11/14/2024 06:00 EDT

Managing partner attributes success in a tough environment to its returns, committed anchor, and consistency. Read more ›

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Mastercard and VoPay help empower a cross-border economy

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Jacqueline Loganathan @ BetaKit · 11/14/2024 05:30 EDT

The technological innovations streamlining payment for a global workforce. Read more ›

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Nuvei posts revenue growth in final earnings as go-private deal gets green light

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Alex Riehl @ BetaKit · 11/13/2024 15:20 EDT

Having received regulatory approval, Nuvei expects its $6.3-billion USD go-private deal to close on Friday. Read more ›

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Richa Mehta joins Radical Ventures as San Francisco-based partner

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Alex Riehl @ BetaKit · 11/13/2024 11:31 EDT

AI-focused VC firm launched a new $800-million USD growth fund in August. Read more ›

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Trolley secures $32 million CAD Series B to expand payout platform’s global reach

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Madison McLauchlan @ BetaKit · 11/13/2024 06:01 EDT

Growth equity financing for Montréal-based FinTech startup backed entirely by American investors. Read more ›

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Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low

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Isabelle Kirkwood @ BetaKit · 11/13/2024 05:59 EDT

Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada. Read more ›

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Office management startup GPHY plans to grow sales outside of Québec with $5-million CAD seed round

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Madison McLauchlan @ BetaKit · 11/12/2024 14:20 EDT

Company uses anonymized sensors to count in-office employees in the era of hybrid work. Read more ›

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1Password alters leadership with David Faugno appointed co-CEO alongside Jeff Shiner

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Alex Riehl @ BetaKit · 11/12/2024 13:36 EDT

Faugno was tapped to serve as the company’s first-ever president and COO last year. Read more ›

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