News from BetaKit

Interior design project management platform Mydoma acquired by California’s Studio Designer

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Alex Riehl @ BetaKit 2 place · 08/01/2024 12:59 EDT

Studio Designer said the two companies will support nearly 20,000 interior designers across the United States and Canada. Read more ›

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Lightspeed beats revenue forecast in first full quarter under Dax Dasilva’s renewed reign

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Douglas Soltys @ BetaKit 3 place · 08/01/2024 08:46 EDT

Montréal-based company reports 27 percent year-over-year sales increase to $266.1 million USD. Read more ›

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Canadian telecom is gearing up for a quantum leap

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Isabelle Kirkwood @ BetaKit 2 place · 08/01/2024 06:00 EDT

TELUS helps drive quantum research and development. Read more ›

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Tracktile raises $575K to bring operations software to manufacturing industry plagued with “expensive and legacy” tech

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Bianca Bharti @ BetaKit 3 place · 07/31/2024 14:24 EDT

BDC selected the PEI startup as the first investment from its Seed Venture Fund. Read more ›

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Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility

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Alex Riehl @ BetaKit · 07/31/2024 13:26 EDT

UgoWork said it might raise additional capital, but declined to disclose further details. Read more ›

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Justice Department involved following Invest Nova Scotia employee email scam

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Alex Riehl @ BetaKit 1 place · 07/31/2024 05:31 EDT

Phisher impersonating Sandpiper Ventures received $573,000. Read more ›

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VitalHub agrees to acquire MedCurrent Corporation for up to $34 million

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Alex Riehl @ BetaKit 3 place · 07/30/2024 14:10 EDT

The total transaction value is dependent on annual performance over 36 months. Read more ›

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Ottawa announces second tranche of VCCI funding to support underrepresented entrepreneurs

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Bianca Bharti @ BetaKit 2 place · 07/30/2024 10:54 EDT

An additional five VCs from Vancouver, Toronto, and Montréal will receive portions of the $25 million commitment. Read more ›

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Innerspeech translates brain signals in the cloud

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Isabelle Kirkwood @ BetaKit · 07/30/2024 06:00 EDT

Kitchener-Waterloo startup develops AI-enabled communication with the help of OVHcloud. Read more ›

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Three Canadian FinTech firms strike new partnerships

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Alex Riehl @ BetaKit 2 place · 07/29/2024 15:49 EDT

VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union. Read more ›

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Arcadea Group secures $336 million CAD to acquire vertical SaaS companies

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Alex Riehl @ BetaKit 3 place · 07/29/2024 13:09 EDT

Capital injection brings the firm's war chest up to $690 million CAD. Read more ›

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Former McMaster researchers announce $2 million to bring endometriosis test to market

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Josh Scott @ BetaKit 3 place · 07/29/2024 06:00 EDT

Hamilton-based Afynia aims to improve the way endometriosis is diagnosed. Read more ›

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Why Clio didn’t IPO

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Bianca Bharti @ BetaKit 2 place · 07/29/2024 05:00 EDT

Plus: The largest Series A raised by a Black female founder in Canada. Read more ›

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Why has developer hiring slowed?

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Douglas Soltys @ BetaKit · 07/28/2024 19:01 EDT

The BetaKit Podcast answers your Canadian tech questions for our 350th episode. Read more ›

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Xanadu and CMC among partners in academic quantum projects receiving $7.4 million in federal grant funding

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Alex Riehl @ BetaKit 1 place · 07/26/2024 16:08 EDT

INRS has three projects receiving funding from NSERC. Read more ›

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RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging

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Alex Riehl @ BetaKit 2 place · 07/26/2024 13:28 EDT

American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors. Read more ›

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Airwallex continues Canadian expansion with Float partnership

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Josh Scott @ BetaKit 3 place · 07/26/2024 06:00 EDT

Multinational FinTech to power Toronto-based Float’s recently launched bill pay offering. Read more ›

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Nascent AI user research startup Cycle acquired by US blockchain platform Crossmint

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Josh Scott @ BetaKit 1 place · 07/25/2024 06:01 EDT

Crossmint counts Mastercard, Red Bull, and Coinbase among its 30,000-plus customers. Read more ›

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Looking for a job? Try a company that makes money

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Jacqueline Loganathan @ BetaKit 2 place · 07/25/2024 06:00 EDT

In the face of mass layoffs and long hiring cycles, Carbon6 is looking to attract candidates with the promise of stability. Read more ›

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Cohere lays off five percent of staff a day after announcing $500-million USD Series D

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Josh Scott @ BetaKit 2 place · 07/24/2024 15:40 EDT

Toronto generative AI startup cuts around 20 employees as part of “internal realignment.” Read more ›

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