News from BetaKit

MaRS and U of T seek new partner as Johnson & Johnson pulls support for JLabs Toronto

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Alex Riehl @ BetaKit · 08/20/2025 13:39 EDT

Toronto became home to the pharma giant’s first innovation space outside of the US in 2016. Now it’s leaving. Read more ›

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Canadian-led Aalo Atomics raises $100-million USD Series B for its nuclear power plans

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Jon Fingas @ BetaKit · 08/20/2025 07:30 EDT

The startup says it can now build its first power plant. Read more ›

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AGAZ Summit is where Canadian founders go global

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Isabelle Kirkwood @ BetaKit · 08/20/2025 07:00 EDT

The 2025 pitch competition winners will join a Canadian delegation in Dubai. Read more ›

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BDC commits another $200 million to startups building tech for legacy industries

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Josh Scott @ BetaKit · 08/20/2025 06:00 EDT

Second Industrial Innovation Venture Fund to have increased focus on critical minerals. Read more ›

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Sovra appoints new CEO Tom Spengler as it sells off “non-core businesses” to focus on government tech

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Alex Riehl @ BetaKit · 08/19/2025 15:49 EDT

Formerly known as MDF Commerce, the now-private Montréal company has also acquired Calgary's Ontopical. Read more ›

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Feds sign new agreement with Cohere to explore AI uses within government services

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Madison McLauchlan @ BetaKit · 08/19/2025 14:41 EDT

AI startup partnered with the Canadian government in June on AI research and safety. Read more ›

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Vendasta launches AI agents to bring “enterprise-grade” automation to small businesses

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Josh Scott @ BetaKit · 08/19/2025 07:00 EDT

Saskatoon software firm aims to make agentic AI more accessible for SMBs. Read more ›

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Markham’s tech ecosystem helped this founder take on construction’s biggest bottleneck

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Isabelle Kirkwood @ BetaKit · 08/19/2025 07:00 EDT

With early backing from ventureLAB and YSpace, BidBlox AI is modernizing preconstruction across North America. Read more ›

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Queer tech founders explore move to Canada as US abandons DEI

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Madison McLauchlan @ BetaKit · 08/19/2025 06:00 EDT

Misfit Ventures co-founders say “reverse brain drain” of talent could be a silver lining for Canada. Read more ›

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Friendlier closes $4.5 million to help more food service operators ditch single-use containers

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Alex Riehl @ BetaKit · 08/18/2025 16:40 EDT

Guelph cleantech startup claims it has helped reuse over 3.3 million containers since 2019. Read more ›

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Cohere remains Canada’s AI hope

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Madison McLauchlan @ BetaKit 2 place · 08/18/2025 05:00 EDT

Plus: The bright spot in Québec’s gloomy VC landscape. Read more ›

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What can talking to AI teach us?

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Douglas Soltys @ BetaKit 3 place · 08/17/2025 17:10 EDT

Former DarwinAI CEO Sheldon Fernandez discusses the virtues and risks of being vulnerable with his ChatGPT-4o instance. Read more ›

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Bankruptcy docs claim faltering sales pipeline sunk Uvaro and Lighthouse Labs post acquisition

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Alex Riehl @ BetaKit 1 place · 08/15/2025 16:43 EDT

Workforce training platform Uvaro acquired coding school Lighthouse Labs this past January. Read more ›

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WonderFi Q2 earnings show widening losses ahead of Robinhood takeover

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Jon Fingas @ BetaKit 2 place · 08/15/2025 16:17 EDT

A volatile crypto market has affected the Canadian startup’s final months of independence. Read more ›

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Healwell plans to offload research, patient businesses as it focuses on AI

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Jon Fingas @ BetaKit 3 place · 08/15/2025 13:53 EDT

Both Healwell and parent company Well Health reported record earnings in Q2. Read more ›

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NordSpace breaks ground, Shopify reclaims its crown, Perplexity courts Google

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Isabelle Kirkwood @ BetaKit · 08/15/2025 07:00 EDT

Test your knowledge of Canadian tech news with The BetaKit Quiz for August 15, 2025. Read more ›

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Bobbie Racette steps down as CEO of Virtual Gurus after closing undisclosed funding

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Alex Riehl @ BetaKit 3 place · 08/14/2025 14:36 EDT

COO Elliot Schneier promoted to CEO as company founder becomes president. Read more ›

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Cohere secures $500 million USD at $6.8-billion valuation, hires former Uber and Meta execs

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Josh Scott @ BetaKit 3 place · 08/14/2025 11:15 EDT

Chip giants AMD and Nvidia return as Canada’s Radical Ventures and Inovia co-lead. Read more ›

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Federal government invests $8 million into six Québec EV battery and charging projects

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Alex Riehl @ BetaKit · 08/14/2025 10:18 EDT

NRCan funding follows a period of turmoil for Québec’s EV sector. Read more ›

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US-based Landbase buys team and tech behind Canada’s Adauris to advance AI roadmap

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Josh Scott @ BetaKit · 08/14/2025 08:00 EDT

Canadian-founded Landbase says Adauris alums will help it bring “vibe AI” to inbound marketing. Read more ›

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