News from BetaKit

Canada won’t pursue national semiconductor strategy, AI minister says

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Alex Riehl @ BetaKit 1 place · 05/08/2026 13:41 EDT

Canada is the only G7 country without a standalone strategy. Industry groups are urging action. 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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BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation

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Alex Riehl @ BetaKit · 07/24/2024 15:36 EDT

Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen. Read more ›

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Y Combinator grad Gumloop secures $3.1 million in seed funding to grow no-code automation tool

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Alex Riehl @ BetaKit 1 place · 07/24/2024 13:37 EDT

Backers include Y Combinator and founders from Instacart, Dropbox, and WePay. Read more ›

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Giving Canadians a fair shake

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Isabelle Kirkwood @ BetaKit · 07/24/2024 06:00 EDT

Shakepay wants to drive Bitcoin adoption in Canada, and it's doing it in a van. Read more ›

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California-based Agilent Technologies agrees to buy Biovectra for $1.3 billion CAD

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Alex Riehl @ BetaKit 3 place · 07/24/2024 04:59 EDT

Biovectra is being purchased for the second time in five years. Read more ›

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Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada

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Genna Buck @ BetaKit · 07/23/2024 14:35 EDT

Startup has doubled team from six to 15 people, with plans to funnel funding first into the US. Read more ›

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Loop Energy alerts creditors to restructuring after layoffs, strategic review

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Alex Riehl @ BetaKit · 07/23/2024 14:13 EDT

TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan. Read more ›

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Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa

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Alex Riehl @ BetaKit 1 place · 07/23/2024 08:00 EDT

Startup claims round is the largest secured by a Black woman founder in Canada. Read more ›

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Clio tops $4-billion CAD valuation with largest software funding round in Canadian tech history

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Josh Scott @ BetaKit 2 place · 07/23/2024 08:00 EDT

New investors pool $900 million USD after legaltech hits $200 million in ARR. Read more ›

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How Symcor is helping Canada get ready for open banking

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Isabelle Kirkwood @ BetaKit 1 place · 07/23/2024 06:00 EDT

Saba Shariff explains the crucial role of data exchange in Canada's open banking future. Read more ›

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Cohere Series D tops out at $500 million raised at $5.5-billion valuation

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Alex Riehl @ BetaKit · 07/22/2024 13:44 EDT

BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation. Read more ›

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Predicting the perfect VC vintage

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Bianca Bharti @ BetaKit 1 place · 07/22/2024 05:00 EDT

Plus: We survived CrowdStrike. Read more ›

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BDC among those to experience interruptions as part of CrowdStrike outage

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Isabelle Kirkwood @ BetaKit 1 place · 07/19/2024 16:02 EDT

Plurilock CEO: Businesses are necessarily quick with cybersecurity patches, but rapid updates also come with risks. Read more ›

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Are you an AI company or a company that uses AI?

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Isabelle Kirkwood @ BetaKit 1 place · 07/19/2024 07:00 EDT

Panache Ventures’ Scott Loong on why startups shouldn’t reinvent the wheel. Read more ›

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Ontario is getting rid of ghost jobs

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Isabelle Kirkwood @ BetaKit · 07/19/2024 06:02 EDT

Phantom positions are plaguing the tech industry. Here’s how to spot one. Read more ›

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