News from BetaKit

Cohere revenue reports paint mixed picture of growth

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Madison McLauchlan @ BetaKit 1 place · 05/16/2025 16:32 EDT

AI startup says it doubles revenue, reportedly hits $100-million USD annualized revenue but falls below forecasts. Read more ›

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Ontario Premier Doug Ford did not deliver the innovation budget tech leaders wanted

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Alex Riehl @ BetaKit 2 place · 05/16/2025 15:22 EDT

Open letter from CEOs not heeded as budget projects $14.6-billion deficit. Read more ›

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Canada’s auto tech industry crashes into a triple emergency  

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Jon Fingas @ BetaKit 3 place · 05/16/2025 15:12 EDT

Exro, LeddarTech, and Lion Electric are all scrambling to make deals to stay afloat. Read more ›

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New VC data, Shopify’s new index, Canada’s new cabinet

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Isabelle Kirkwood @ BetaKit 1 place · 05/16/2025 13:34 EDT

Test your knowledge of Canadian tech news with The BetaKit Quiz for May 16, 2025. Read more ›

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Verdi raises $6.5 million to reduce farmers’ irrigation irritation with automation

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Alex Riehl @ BetaKit · 05/16/2025 10:22 EDT

Vancouver-based startup has more than doubled its team size over the past year. Read more ›

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Redstick Ventures wants to give foodtech a seat at the table

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Madison McLauchlan @ BetaKit · 05/16/2025 06:00 EDT

Cross-border VC closes $6.5-million Fund I to invest in food production tech. Read more ›

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Coinbase Canada CEO pushes for crypto-friendly government just as company reveals hack that could cost up to $400 million USD

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Josh Scott @ BetaKit · 05/15/2025 17:49 EDT

Cyberattack comes at bad time for US-based crypto exchange. Read more ›

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Minister of Innovation and AI Evan Solomon part of Liberal’s new Build Canada cabinet committee

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Alex Riehl @ BetaKit · 05/15/2025 15:01 EDT

Shopify CEO Tobi Lütke calls the committee a “Good move.” Read more ›

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Amplify Capital adds Craig Hunter as partner while raising its third impact-focused fund

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Alex Riehl @ BetaKit · 05/15/2025 12:23 EDT

New fund has closed about 70 percent of its target, managing partner says. Read more ›

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Amplify Capital taps Craig Hunter as partner while raising its third impact-focused fund

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Alex Riehl @ BetaKit · 05/15/2025 12:23 EDT

New fund has closed about 70 percent of its target, managing partner says. Read more ›

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The US economic slowdown is hurting Canadian tech companies selling globally

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Madison McLauchlan @ BetaKit · 05/15/2025 08:04 EDT

CEO of mobile software company SOTI urges companies to get more aggressive with their sales tactics. Read more ›

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The cloud reckoning is here

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Isabelle Kirkwood @ BetaKit · 05/15/2025 07:00 EDT

A risky new data landscape has made OVHcloud “the popular kid.” Read more ›

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Well Health says its healthy Q1 revenue is a symptom of Canadian growth

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Jon Fingas @ BetaKit · 05/14/2025 15:15 EDT

Vancouver healthtech expects Healwell AI stake to further boost its 2025 fortunes. Read more ›

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Consensus won’t return to Toronto in 2026

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Alex Riehl @ BetaKit · 05/14/2025 12:57 EDT

CoinDesk will hold next year’s crypto event in Miami. Read more ›

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Seed deals in Q1 2025 hit pandemic-era low as Canadian VC decline continues: report

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Madison McLauchlan @ BetaKit · 05/14/2025 09:42 EDT

Trade tensions and economic uncertainty contributed to investor caution, CVCA says. Read more ›

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An AI-powered Bloomberg for Web3

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Isabelle Kirkwood @ BetaKit 1 place · 05/14/2025 07:00 EDT

Validation Cloud turned to AWS to help build its real-time Web3 intelligence platform. Read more ›

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Una Software secures new seed funding as startup adds AI into its financial planning platform

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Alex Riehl @ BetaKit · 05/14/2025 07:00 EDT

Staircase Ventures-led round brings Una’s total funding to $10 million USD. Read more ›

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“No plans are set” but Robinhood expects to “develop [its] offering” in Canada post-WonderFi acquisition

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Josh Scott @ BetaKit · 05/13/2025 18:43 EDT

Robinhood Crypto SVP says US trading platform’s immediate focus in Canada is on crypto. Read more ›

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Healwell revenue more than doubled in Q1 2025 thanks to acquisition spree and AI

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Jon Fingas @ BetaKit · 05/13/2025 16:06 EDT

Toronto healthtech expects more strong quarters ahead thanks to Orion Health acquisition. Read more ›

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Katherine Homuth launches “organizational memory” startup as SRTX secures new  interim CEO and financing

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Madison McLauchlan @ BetaKit · 05/13/2025 14:55 EDT

Homuth stepped down as CEO of SRTX in March as part of a pending fundraising deal. Read more ›

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