Canada

Apple acquires AI startup specializing in overseeing manufacturing components

Apple has added another AI startup to its acquisition list with Canada-based DarwinAI, which specializes in vision-based tech to observe components during manufacturing to improve efficiency, Bloomber

Golden Ventures secures another $100M to invest in Canada’s tech ecosystem

Golden Ventures' fifth fund targets seed-stage founders working across technologies, including AI, climate, blockchain and quantum.

Vancouver’s Fantuan raises $40M to deliver real Asian food at your doorstep

For those who move abroad from China, one thing they miss dearly is the convenience of food delivery apps. Fantuan, a Vancouver-based company, has been working on replicating the experience of Chinese

More funding for defense tech?

It is too early to tell how long the Israel-Hamas war may last, but it is likely to make democracies' need for defense tech even clearer.

Decade of newborn child registry data stolen in MOVEit mass-hack

Ontario’s government-funded birth registry has confirmed a data breach affecting some 3.4 million people who sought pregnancy care, including the personal health data of close to two million new

Finofo secures funding to challenge traditional forex with automated solution

Exchange rate volatility has long been a major headache for cross-border businesses. Historically, companies have sought protection by purchasing foreign exchange (FX) insurance or options, but most o

Meta starts blocking the news in Canada — its latest standoff with publishers

Canadians using Facebook and Instagram should expect to see some gaps in their feeds, starting now. This week, Meta began blocking Canadian access to links and stories from news publishers — the com

Netflix quietly axes its basic plan in Canada

Netflix has quietly killed the $9.99 CAD per month basic plan in Canada for new subscribers, as first noted by the Canadian publication BlogTo. This simplifies the streaming company’s offering b

Revolut alums raise millions for Vault, a startup offering banking services to Canadian SMBs

Vault, an online banking platform serving small-to-medium sized business (SMBs) in Canada, is launching to the public today after raising $3.7 million in seed funding. Founded in late 2021 by Saud Azi

Even as crypto exchanges exit Canada, Coinbase intends to play the ‘long game’

As crypto exchanges leave Canada amid new regulatory frameworks, a number of exchanges like Coinabse plan to stay in the market.

Volkswagen and PowerCo to build North American battery factory in Canada

Volkswagen Group and its battery company PowerCo have picked Canada for its first overseas battery cell factory. The plant, located in St. Thomas, Ontario, will produce battery cells beginning in 2027

Synctera raises $15M to help companies launch embedded banking products in Canada

Synctera, a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada. NAventures, the corporate venture arm of National Bank of Canada, led the financing, which bri

Canada bans TikTok on government devices

TikTok has been banned from government-issued mobile devices in Canada, the country’s Treasury Board announced Monday. Taking effect on February 28, this block follows similar actions taken by t

Google rolls out tests that block news content for some users in Canada

Google has launched tests that block access to news content for some users in Canada in response to the Canadian government’s online news bill. Bill C-18, or the Online News Act, would require p

Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B

Thoma Bravo, the private equity and growth capital firm, today announced that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software use

Canada wants to support commercial space launches

While the bulk of commercial space launch activity is happening just south of its border, Canada is tired of watching from the sidelines and wants in on the action: The country’s federal transpo

There are a lot of reasons to be excited about Canada’s venture market

Canada is seeing more seed deals, more active firms and more capital spread out this year, despite a more challenging market.

One of Canada’s biggest climate tech backers pulls back

A prolific investor in climate tech companies in Canada is back with a second fund for “low-carbon technologies” — only this time the firm plans to pump less money into the scene, over a

Goldsky raises $20M to bring real-time, on-chain data to crypto companies

Despite well-known volatility in the crypto market, crypto startups building infrastructure to support the industry’s long-term growth have seemed to fare better than their peers. This is especi

Roku’s latest update adds short-form video, a universal save list and ‘continue watching’ feature

Alongside its fall hardware update, which included new streaming and audio devices, Roku today unveiled the features it has in store for the next version of its media software, Roku OS 11.5. This time
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