Ottawa startup claims its microLEDs achieve significant gains in performance, cost, and energy efficiency. Ottawa-based Hyperlume has raised $12.5 million USD ($17.8 million CAD) in seed funding to commercialize its data-centre interconnection technology. The round was led by BDC’s Deep Tech Venture Fund and ArcTern Ventures, with participation from MUUS Climate Partners, SOSV, and […]
E-commerce company generated $2.8 billion USD in revenue, posting a $1.3 billion profit. Canadian e-commerce giant Shopify beat its previous forecast for revenue growth and posted a sizable profit during the fourth quarter of 2024 following a strong holiday season that included another record-breaking Black Friday, Cyber Monday weekend. Shopify’s revenue rose 31 percent […]
A tip to the City of Ottawa’s Fraud and Waste hotline has gotten some city employees in trouble. A City of Ottawa employee was reportedly caught selling city property on Facebook Marketplace, and others were caught working for other employers during city work hours. The Auditor General will present the reports to the Audit Committee […]
US, Canada, Mexico first to be featured as Tobi Lütke claims Shopify is “unaffected” by tariffs. Shopify CEO Tobi Lütke has pledged to roll out “buy local features” to the Shop app after criticizing the Canadian government’s decision to impose retaliatory tariffs on US imports. Lütke announced the features in an X post on […]
Canada can’t outspend its peers. So how might it outsmart them? 2024 was the year that British-Canadian computer scientist Geoffrey Hinton won a Nobel Prize in Physics for his contributions to the field of artificial intelligence (AI). 2024 reinforced that Canada lacks the resources to win the AI war on all fronts. His victory […]
Mini-budget with many tech commitments comes during a day of chaos on the Hill. The Government of Canada barely tabled its Fall Economic Statement (FES) after a day of political chaos and uncertainty. The Liberal government was thrown into turmoil following the surprise resignation of Deputy Prime Minister and Finance Minister Chrystia Freeland hours […]
Marie Chevrier Schwartz explains how her company lost product-market fit after a decade in business. Could this happen to my company? That was surely one of the questions running through the minds of the assembled tech leaders and founders attending the tell-all fireside chat between Sampler founder and former CEO Marie Chevrier Schwartz and […]
Startups face layoffs and cancelled contracts to cover SDTC financing shortfalls, BetaKit has learned. The sluggish restart of embattled federal cleantech investment agency Sustainable Development Technology Canada (SDTC) has left some of the early-stage cleantech startups the organization was designed to support still waiting for promised funding. With those startups cutting staff and projects […]
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund. After a disaster like a hurricane, flood, or fire ravages a building, someone’s gotta clean it up. That’s why insurance companies bring in a disaster restoration subcontractor, who use professional-grade climate control equipment like dehumidifiers, heaters, […]
Move is expected to open up a massive audience of 80 million potential young customers to brands. Shopify is set to pilot its checkout in Robloxone of the world’s largest online games, the two companies announced today. “This will open up a massive audience of 80 million daily active, highly engaged, Roblox users, and […]
