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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Fluid Biomed closes $27-million USD Series A to fund expanded human clinical studies

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Josh Scott @ BetaKit 3 place · 12/16/2024 07:00 EDT

University of Calgary neurosurgeons aim to deliver a better brain stent. Read more ›

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Liberals’ Fall Economic Statement contains more promises to Canadian tech

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Douglas Soltys @ BetaKit · 12/16/2024 05:25 EDT

Plus: Geoffrey Hinton receives his Nobel Prize, delivers a warning. Read more ›

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Feds announce VCCI renewal, SR&ED and pension fund changes ahead of Fall Economic Statement

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Madison McLauchlan @ BetaKit 1 place · 12/13/2024 16:38 EDT

Public companies now eligible for SR&ED tax credits, while pension funds get domestic investment incentives sweetener. Read more ›

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Google’s quantum leap, Hinton’s Nobel Prize, and Medicago’s second shot

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Isabelle Kirkwood @ BetaKit 2 place · 12/13/2024 15:38 EDT

Test your knowledge of Canadian tech news with The BetaKit Quiz for Dec. 13, 2024. Read more ›

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Ackroo to be acquired by fellow payments processor Paystone for $21 million

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Alex Riehl @ BetaKit 3 place · 12/13/2024 13:33 EDT

The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021. Read more ›

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The Canadian Space Mining Corporation thinks it can put a nuclear reactor on the moon by 2029

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Alex Riehl @ BetaKit 1 place · 12/13/2024 06:00 EDT

Company has signed an MOU to licence SLOWPOKE-2, a Canadian-made reactor that could power future lunar operations. Read more ›

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D-Wave completes $175-million USD stock sale to fuel quantum computing development

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Josh Scott @ BetaKit · 12/12/2024 17:45 EDT

CEO says fundraise “substantially improves” D-Wave’s financial strength. Read more ›

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Flare raises $42.5 million CAD Series B to go global with cyber threat detection tech

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Madison McLauchlan @ BetaKit · 12/12/2024 14:40 EDT

Threat exposure management startup aims to head off credential theft with AI tools. Read more ›

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The law firm that thinks like a venture fund

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Isabelle Kirkwood @ BetaKit · 12/12/2024 07:00 EDT

MT>Ventures wants to rethink how legal services can support Canada’s tech startups. Read more ›

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Absorb to acquire Together in bid to bring mentorship to its learning software

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Josh Scott @ BetaKit · 12/12/2024 06:00 EDT

Calgary firm to absorb Toronto startup to provide more “comprehensive learning solution.” Read more ›

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Privacy Commissioner announces LinkedIn will pause training AI with data of Canadian members

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Alex Riehl @ BetaKit 1 place · 12/11/2024 16:36 EDT

Commissioner said LinkedIn believed its training model was privacy protective, but agreed to engage in discussions. Read more ›

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TikTok challenges feds’ shutdown order, calls national security review process “procedurally unfair”

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Alex Riehl @ BetaKit · 12/11/2024 15:02 EDT

Social media giant describes conflicting instructions during national security review. Read more ›

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Meet the Canadians shaping Uber’s global vision

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Isabelle Kirkwood @ BetaKit · 12/11/2024 07:00 EDT

Canadians are leading global teams at Uber from Toronto, the UK, and the Valley. Read more ›

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Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity

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Josh Scott @ BetaKit · 12/11/2024 06:00 EDT

CookUnity eyes Canadian expansion starting with Toronto in 2025. Read more ›

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Geoffrey Hinton decries tech companies chasing “short-term profits” in Nobel Prize acceptance speech

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Alex Riehl @ BetaKit · 12/10/2024 18:07 EDT

British-Canadian calls for “urgent and forceful attention” to combat AI safety risks at Stockholm ceremony. Read more ›

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Early-stage startups grapple with fallout after Québec-funded investment program suspended

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Madison McLauchlan @ BetaKit · 12/10/2024 13:27 EDT

Montréal founders say their rounds fell apart after Impulsion PME’s “safety net” for investors disappeared. Read more ›

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Alberta Enterprise Corporation launches Accelerate Fund IV with $15 million to back early-stage tech startups

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Josh Scott @ BetaKit · 12/10/2024 09:00 EDT

First close from AEC brings Fund IV more than halfway to its $25-million target. Read more ›

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Spexi raises $16.2 million CAD Series A for blockchain-based drone imagery network

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Alex Riehl @ BetaKit 3 place · 12/09/2024 14:33 EDT

Startup's long-term goal is to reward drone pilots on its platform with a native crypto utility token. Read more ›

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Cyder closes $1.5 million to fuel launch of loyalty platform for credit unions

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Josh Scott @ BetaKit 2 place · 12/09/2024 06:00 EDT

FinTech startup’s backers include MaRS IAF, Aperture, Desjardins, Arlene Dickinson. Read more ›

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Foreign and domestic AI with Tenstorrent and Cohere

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Douglas Soltys @ BetaKit 3 place · 12/09/2024 05:00 EDT

Plus: Canada Post strike didn't slow Shopify's BFCM weekend. Read more ›

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