News from BetaKit

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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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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