News from BetaKit

Megadeals kept Canadian VC funding afloat in 2024: report

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Madison McLauchlan @ BetaKit · 02/19/2025 06:00 EDT

Clio’s historic Series F round prevented Canada’s VC funding totals from dropping six percent year-over-year. Read more ›

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Certn and Quadshift secure capital from BDC Capital’s topped-up funds

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Alex Riehl @ BetaKit · 02/18/2025 15:47 EDT

Funding follows apparent departure of Certn president less than a year into the job. Read more ›

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Local leaders launch Toronto Tech Week to accelerate city’s ambitions

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Douglas Soltys @ BetaKit · 02/18/2025 08:00 EDT

New annual event financially backed by City, Google Cloud, and Shopify, with support of over 40 community partners. Read more ›

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BDC Capital targets late-stage tech companies with nearly $1 billion in new fund commitments

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Madison McLauchlan @ BetaKit · 02/18/2025 06:00 EDT

Investment bank’s Growth Venture Fund will now directly invest in Canadian tech companies. Read more ›

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Glassbox announces $1.65 million in funding to “reimagine the spreadsheet” for corporate finance

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Josh Scott @ BetaKit 3 place · 02/18/2025 06:00 EDT

Ex-investment banker aims to help former peers build financial models faster with AI. Read more ›

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A piece of Canadian tech history just expired

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Douglas Soltys @ BetaKit · 02/18/2025 05:00 EDT

Plus: Cohere sued for alleged copyright infringement. Read more ›

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AI’s new moat with Coveo’s Louis Têtu

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Douglas Soltys @ BetaKit · 02/17/2025 10:30 EDT

Coveo's outgoing CEO says the company's applied AI offering is a "market taker." Read more ›

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Toronto and Waterloo Region orgs get $34 million in FedDev funding

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Alex Riehl @ BetaKit 1 place · 02/14/2025 15:45 EDT

Accelerator Centre, TIAP, OBIO, and University of Waterloo among supported organizations. Read more ›

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Musk eyes OpenAI, Shopify’s Kanye problem, and a Canadian startup at the Super Bowl

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Isabelle Kirkwood @ BetaKit 1 place · 02/14/2025 15:21 EDT

Test your knowledge of Canadian tech news with The BetaKit Quiz for Feb. 14, 2025. Read more ›

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Clio donates $3 million to create new innovation hub at the University of British Columbia

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Alex Riehl @ BetaKit 3 place · 02/14/2025 13:40 EDT

Space will serve as the formal Vancouver home of Creative Destruction Lab. Read more ›

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Canada looks to strike balance between AI innovation and regulation at Paris AI Summit

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Madison McLauchlan @ BetaKit · 02/14/2025 09:50 EDT

Trudeau’s likely last AI policy contributions come as the EU and US grow further apart. Read more ›

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PrairiesCan doles out $6.7 million to help four Edmonton companies scale and expand into new markets

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Alex Riehl @ BetaKit · 02/13/2025 17:00 EDT

Levven Electronics, Care Group, Demir Engineering, and Grengine to benefit from latest federal funding. Read more ›

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Major media companies sue Cohere for alleged copyright infringement

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Josh Scott @ BetaKit 3 place · 02/13/2025 12:48 EDT

Toronto Star, Condé Nast, Vox part of group alleging Cohere unfairly copied, used their content. Read more ›

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Photonic claims breakthrough in quantum computing error correction

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Alex Riehl @ BetaKit 3 place · 02/13/2025 07:00 EDT

Company paper claims a new code family can perform quantum operations with lower physical qubit requirements. Read more ›

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Canada Growth Fund commits up to $50 million to Longbow Capital’s second Energy Transition Fund

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Alex Riehl @ BetaKit 3 place · 02/12/2025 16:10 EDT

Commitment marks the 10th investment from the federal government’s clean energy investment fund to date. Read more ›

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Payfare defends Finserv acquisition deal from minority shareholder dissent ahead of vote

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Alex Riehl @ BetaKit · 02/12/2025 15:07 EDT

The payments processor said undervaluation and conflict of interest claims were “misleading.” Read more ›

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Knix, Hopper, Grammarly founders among business leaders asking for “immediate recall” of Parliament

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Madison McLauchlan @ BetaKit · 02/12/2025 13:22 EDT

Canadian tech CEOs and investors join open letter signatories urging end to Parliament’s prorogation to face tariff threat. Read more ›

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How TD moved petabytes of data to the cloud with Microsoft and Accenture

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Isabelle Kirkwood @ BetaKit · 02/12/2025 07:00 EDT

The migration that rewrote the data playbook of one of Canada's largest banks. Read more ›

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Canadian tech looks to support its own against US tariff threat

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Madison McLauchlan @ BetaKit · 02/12/2025 06:00 EDT

Tariff trackers, startup directories, and Buy Beaver apps are the latest fronts in the Canada-US trade war. Read more ›

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Clutch recovers valuation and eyes growth with $50-million Series D round

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Alex Riehl @ BetaKit 1 place · 02/11/2025 14:23 EDT

Online car seller has gone through “fair share of existential crises,” but is ready to build again, CEO says. Read more ›

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