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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Canada Growth Fund injection tops Eavor’s Series B at $182 million

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Isabelle Kirkwood @ BetaKit · 10/25/2023 17:04 EDT

The Canada Growth Fund has invested $90 million into Eavor's funding round. Read more ›

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Hinton, Bengio, among 24 expert signatories with policy-focused AI recommendations in new letter

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Alex Riehl @ BetaKit 3 place · 10/25/2023 16:08 EDT

Signatories include multiple CIFAR chair members behind Canada’s Pan-Canadian AI Strategy. Read more ›

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Compound semiconductor pioneer GaN Systems joins Infineon with close of $830-million USD acquisition

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Josh Scott @ BetaKit · 10/25/2023 14:58 EDT

Son of GaN Systems co-founder John Roberts calls deal “a boon for Canada.” Read more ›

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Google and Nvidia-backed CentML secures $37 million CAD to help companies deploy AI amid chip shortages

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Josh Scott @ BetaKit 3 place · 10/25/2023 08:59 EDT

Toronto startup wants to help AI hardware “starvation period” by optimizing ML models. Read more ›

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After pivoting focus from sellers to buyers, Kiwiz hopes to be the Uber for car inspections

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Alex Riehl @ BetaKit · 10/25/2023 06:00 EDT

Kiwiz has raised $600,000 CAD in pre-seed funding. Read more ›

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A|I: The AI Times – OpenAI employee secondary values company at least $80 billion

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Alex Riehl @ BetaKit 3 place · 10/25/2023 05:00 EDT

Plus: Why Korean car makers want Tenstorrent’s AI hardware. Read more ›

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Federal, Québec governments invest over $7.6 million into quantum telecom testbed

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Isabelle Kirkwood @ BetaKit 3 place · 10/24/2023 14:37 EDT

The testbed will allow businesses to experiment with quantum technologies for telecom networks. Read more ›

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S|W: The SaaS Weekly – Struggling BBTV to go private while BlackBerry spinout eyes June IPO

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Alex Riehl @ BetaKit 3 place · 10/24/2023 06:00 EDT

Plus: What Allen Lau learned from Wattpad's $754-million acquisition. Read more ›

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Stuart Lombard, Ecobee founding CEO and president, announces retirement

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Charles Mandel @ BetaKit 2 place · 10/23/2023 17:17 EDT

Chief product officer Greg Fyke has assumed the role of president. Read more ›

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PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform

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Alex Riehl @ BetaKit 3 place · 10/23/2023 16:41 EDT

PADS looks to leverage AI and blockchain with its online mortgage servicing platform. Read more ›

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PacifiCan invests $9.9 million CAD into Innovate BC’s cleantech adoption initiative

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Charles Mandel @ BetaKit 3 place · 10/23/2023 13:58 EDT

The Integrated Marketplace links local tech companies to industry partners looking to decarbonize. Read more ›

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As semiconductor re-shoring efforts heat up, SILICAN urges feds to provide more targeted domestic chip support

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Josh Scott @ BetaKit · 10/23/2023 10:23 EDT

New report comes after US commits $50 billion to its own domestic chip sector. Read more ›

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QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants

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Isabelle Kirkwood @ BetaKit · 10/23/2023 06:01 EDT

The Montréal-based startup is led by Lightspeed alumni. Read more ›

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F|T: The FinTech Times – Procurify, Hiive secure new funding to tackle spend management & secondaries

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Alex Riehl @ BetaKit · 10/23/2023 05:30 EDT

Plus: Plaid hires first CFO on road to IPO. Read more ›

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EDC report says Canada is struggling to convert startups to scaleups

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Alex Riehl @ BetaKit 2 place · 10/23/2023 05:00 EDT

Plus: Ripple Ventures plants flag in Vancouver as part of coast-to-coast Fund III. Read more ›

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Why Korean car makers want Tenstorrent’s AI hardware

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Douglas Soltys @ BetaKit · 10/22/2023 19:14 EDT

Getting nerdy with the Canadian hardware company attracting global interest. Read more ›

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Despite strong 2022 for cleantech, EDC report finds Canada lags peers on R&D spending, funding, converting startups to scaleups

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Josh Scott @ BetaKit 1 place · 10/20/2023 14:45 EDT

VC investment in Canadian cleantech jumped 63 percent in 2022 despite a tough economic climate. Read more ›

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Blockchain payments firm Ripple is hiring software engineers in Canada

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Alex Riehl @ BetaKit 1 place · 10/20/2023 14:19 EDT

The San Francisco-based company is looking for software engineers in its Toronto office. Read more ›

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Canadian Council for Aboriginal Business receives $500,000 in federal funding to address barriers for Indigenous entrepreneurs

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Alex Riehl @ BetaKit 1 place · 10/20/2023 13:34 EDT

The new funding will help the CCAB promote the federal government's 50-30 challenge. Read more ›

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Traffic management startup Miovision closes $36-million CAD, bringing latest round to $296 million

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Charles Mandel @ BetaKit 3 place · 10/20/2023 06:02 EDT

Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth. Read more ›

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