News from BetaKit

OpenText sells analytics database Vertica to pay down debt

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Alex Riehl @ BetaKit 1 place · 02/02/2026 11:29 EDT

Company sells second non-core asset in five months after dropping CEO in August. Read more ›

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Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff

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Josh Scott @ BetaKit 2 place · 08/04/2023 06:00 EDT

Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn. Read more ›

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R|T: The Retail Times – Shopify adds new merchant tools, loses long-time VP

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Alex Riehl @ BetaKit 3 place · 08/04/2023 05:30 EDT

Plus: Shein makes an aggressive pitch to woo US Amazon sellers. Read more ›

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H|T: The Healthtech Times – Turnstone Biologics goes public, Dialogue Health to be acquired

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Alex Riehl @ BetaKit · 08/04/2023 05:00 EDT

Plus: Vital Bioscience reveals desktop blood tester with big backers. Read more ›

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Experienced developers share their career advice for young professionals

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Stefan Palios @ BetaKit · 08/03/2023 16:47 EDT

TELUS and Suncor devs want young coders and IT professionals alike to celebrate success while embracing failure. Read more ›

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Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round

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Charlize Alcaraz @ BetaKit · 08/03/2023 16:00 EDT

Computer hardware manufacturer receives major backing from strategic investors ahead of planned Series D round next year. Read more ›

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Graphite Ventures closes $110-million Fund IV as firm builds its national presence

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Charlize Alcaraz @ BetaKit 1 place · 08/03/2023 06:00 EDT

Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa. Read more ›

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A|I: The AI Times – Cohere releases Coral, Shopify unveils AI suite

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Alex Riehl @ BetaKit · 08/03/2023 05:00 EDT

Plus: Yoshua Bengio issues stark warning to U.S. Senate. Read more ›

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Shopify posts positive revenues in Q2 2023 for third quarter running

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Charles Mandel @ BetaKit · 08/02/2023 17:35 EDT

Ottawa e-commerce giant posts higher losses, but GMV grows. Read more ›

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With school districts ‘striving to achieve more with less,’ layoffs come to Paper

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Charles Mandel @ BetaKit · 08/02/2023 13:13 EDT

The EdTech startup’s founders said the decision was not made lightly. Read more ›

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Local Logic raises $17.5 million CAD to develop AI decision-making for location-based risks and opportunities in real estate

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Charles Mandel @ BetaKit · 08/02/2023 09:00 EDT

Montreal proptech startup wants to impact every real estate decision in the United States and Canada. Read more ›

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Neo Financial goes all-in on embedded finance with new suite of credit cards

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Charles Mandel @ BetaKit 1 place · 08/02/2023 06:00 EDT

The FinTech startup is partnering with Tim Hortons, Cathay Pacific to offer rewards. Read more ›

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S|W: The SaaS Weekly – OpenText’s acquisition of Micro Focus spurs IP and patent questions

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Alex Riehl @ BetaKit 1 place · 08/02/2023 05:00 EDT

Plus: Solink secures $60 million to scale cloud-based video surveillance service. Read more ›

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PrairiesCan commits $6.1 million for downtown Calgary innovation hub, local business retention programs

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Charlize Alcaraz @ BetaKit 3 place · 08/01/2023 12:00 EDT

Funded projects are expected to support and create over 1,000 jobs, the government says. Read more ›

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National Bank acquires $1-billion CAD Silicon Valley Bank commercial loan portfolio

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Charles Mandel @ BetaKit 2 place · 08/01/2023 10:47 EDT

The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments. Read more ›

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With initial $8-million close for Nex Gen VC Partners, KJSM Ventures’ team targets more early-stage tech startups

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Josh Scott @ BetaKit 3 place · 08/01/2023 06:00 EDT

After deal flow exceeded their family office’s capacity, the McKays built a VC fund. Read more ›

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F|T: The FinTech Times – Stripe to power Shopify’s new business credit card

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Alex Riehl @ BetaKit · 08/01/2023 05:57 EDT

Plus: How the partnership between Apple and Goldman Sachs soured. Read more ›

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Oil and gas-backed Climate Investment leads $12-million CAD round into SensorUp’s methane leak-detecting platform

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Charles Mandel @ BetaKit 3 place · 07/31/2023 17:01 EDT

Climate Investment is a specialist investor funded by OGCI, an organization of oil and gas CEOs. Read more ›

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Luge Capital’s David Nault on making investment decisions through the AI hype cycle

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Charlize Alcaraz @ BetaKit · 07/31/2023 16:45 EDT

Nault: AI is the “latest shiny thing that a lot of people are running after. Read more ›

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Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”

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Josh Scott @ BetaKit 2 place · 07/31/2023 06:00 EDT

Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin. Read more ›

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Canada’s H-1B visa play strikes a nerve as feds pick tech companies for Hypergrowth

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Alex Riehl @ BetaKit · 07/31/2023 05:00 EDT

Plus: Shopify reveals new AI suite, corporate credit card, and more. Read more ›

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