News from BetaKit

OpenText lays off 1,200 employees as part of restructuring plan

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Alex Riehl @ BetaKit 3 place · 07/03/2024 15:01 EDT

CEO plans to add 800 new roles in sales, professional services, and engineering. Read more ›

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OMERS sells medical testing giant LifeLabs to American firm Quest Diagnostics for $1.35 billion

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Alex Riehl @ BetaKit 3 place · 07/03/2024 13:39 EDT

LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed. Read more ›

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The Firehood, Pond-Deshpande Centre launch new program to support women, non-binary founders in Atlantic Canada

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Isabelle Kirkwood @ BetaKit · 07/03/2024 06:30 EDT

firestarter will send 10 companies to participate in Elevate Festival this fall. Read more ›

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Canadian-founded, New York-based AI startup Clay closes $63-million CAD Series B

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Josh Scott @ BetaKit 3 place · 07/02/2024 17:35 EDT

Launched by McGill grads, Clay aims to help automate sales. Read more ›

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Picketa expands to help farmers in 13 US states analyze plant tissue

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Alex Riehl @ BetaKit · 07/02/2024 14:09 EDT

Picketa's flagship offering can now analyze corn, a key crop for US farmers. Read more ›

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Montréal selected to host 2024 Kauffman Fellows Summit with top Canadian tech leaders

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Alex Riehl @ BetaKit · 07/02/2024 14:00 EDT

The globetrotting summit says it attracts hundreds of VCs interested in investment and partnership opportunities. Read more ›

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Eric Sprott-backed Argo Digital Gold secures strategic investment from WonderFi, Paxos

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Josh Scott @ BetaKit 2 place · 07/02/2024 06:00 EDT

Funded by industry leaders, Argo aims to offer “seamless crypto-to-gold trading.” Read more ›

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Trader Corporation and Freelance.ca strengthen their online marketplaces through new acquisitions

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Isabelle Kirkwood @ BetaKit 3 place · 07/02/2024 05:59 EDT

Freelance.ca scoops up Workhoppers, while Trader purchases Collateral Management Solutions. Read more ›

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Constructive criticism for Canadian VCs and founders

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Bianca Bharti @ BetaKit 2 place · 07/02/2024 05:00 EDT

Plus: BetaKit: your award-winning publication of record. Read more ›

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This deep tech PE firm was drawn to Canada by the data

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Douglas Soltys @ BetaKit 1 place · 06/30/2024 18:20 EDT

Paris-based Jolt Capital was shocked by the investment opportunities in Canada. Read more ›

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Raven Connected intends to grow workforce by 25 percent with Series A funding led by Telus Global Ventures

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Alex Riehl @ BetaKit 1 place · 06/28/2024 14:12 EDT

Connected car startup uses machine vision to track and analyze company vehicles and drivers. Read more ›

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Former Team Canada support staff secure $1.3 million to deliver Olympic-level corporate team building

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Isabelle Kirkwood @ BetaKit 2 place · 06/28/2024 14:12 EDT

Innerlogic seeks to speed up the path to better workplace culture with AI. Read more ›

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Three US companies hiring software engineers at six-figure salaries in Canada

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Isabelle Kirkwood @ BetaKit 3 place · 06/28/2024 14:02 EDT

Roles at Netflix, TradeStation, Credit Acceptance are open to Canadian senior software talent. Read more ›

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Following pivot to enterprise SaaS model, Haloo closes $4.7 million CAD

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Isabelle Kirkwood @ BetaKit 1 place · 06/28/2024 11:24 EDT

Startup has made key hires as it looks to scale from hundreds of SaaS customers to tens of thousands. Read more ›

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Healwell AI invests $2.7-million CAD into Elon Musk’s xAI to tap into company’s expertise, resources

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Josh Scott @ BetaKit 3 place · 06/28/2024 06:00 EDT

Healwell CEO touts access to xAI’s closed developer program as big potential benefit. Read more ›

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Wealthsimple war rooms, Xanadu moonshots, and an Uber-inspired approach to accelerating Canadian innovation

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Jacqueline Loganathan @ BetaKit · 06/27/2024 15:46 EDT

Tech leaders share their post-ZIRP strategy at BetaKit Talks: In the Black, hosted by Float. Read more ›

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e-Zinc powers up with $42 million CAD to validate energy storage solution in the field

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Isabelle Kirkwood @ BetaKit 3 place · 06/27/2024 09:00 EDT

With beefed-up leadership team, CEO feels Chris Hadfield-backed e-Zinc has reached the production stage. Read more ›

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From God’s Pocket to YVR, how a BC program is giving startups a major testbed for scale

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Isabelle Kirkwood @ BetaKit · 06/27/2024 07:00 EDT

Innovate BC’s Integrated Marketplace pairs local companies with major customers in key transportation hubs. Read more ›

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Gaiia closes $18-million CAD Series A as it looks to build the Shopify for ISPs

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Isabelle Kirkwood @ BetaKit 1 place · 06/27/2024 06:00 EDT

Startup targets challenger internet providers with all-in-one operating software. Read more ›

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IGM Technology joins Lead Edge Capital’s portfolio with strategic investment

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Alex Riehl @ BetaKit · 06/26/2024 14:31 EDT

The $5-billion growth equity firm counts Alibaba, Bumble, Uber, and more among its portfolio. Read more ›

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