Canada Technology

Toronto and Waterloo Region orgs get $34 million in FedDev funding

Accelerator Centre, TIAP, OBIO, and University of Waterloo among supported organizations. The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) had a busy week dispensing $34 million in federal funding to help create new tech and life sciences hubs and help scale startups in Waterloo Region and Toronto. Earlier this week, Ruby Sahota, […]

Canada Technology

MaRS appoints Grace Lee Reynolds as permanent CEO, adds board members

MaRS board member says appointees Helen Angus and Andrew Joyner bring expertise in public-private collaboration. MaRS Discovery District has appointed Grace Lee Reynolds as its new permanent CEO, letting her shed the interim label before she even officially takes the role. Following the surprise resignation of CEO Alison Nankivell in December, MaRS announced that […]

Canada Technology

Basetwo closes $16.5-million CAD Series A round to optimize manufacturing with AI copilots

Company claims AI model armed with physics, chemistry expertise can cut inefficiencies in mass production. Toronto-based Basetwo has closed a $11.5 million USD ($16.5 million CAD) Series A round for its artificial intelligence (AI)-powered copilot for manufacturing engineers. The software-as-a-service (SaaS) startup is trying to solve tech inefficiencies in large-scale chemical manufacturing. Basetwo says […]

Canada Technology

Federal government provides $3.5 million for DMZ’s new Centre for Housing Innovation

New Toronto accelerator aims to help entrepreneurs develop solutions to housing supply challenges. Toronto-based incubator DMZ has received $3.5 million from the federal government to establish the Centre for Housing Innovation (CHI), a new hub that will provide a training program and a housing-focused accelerator. The funding, which comes from the Federal Economic Development […]

Canada Technology

Look out for these promising Canadian games in 2025

2024 was particularly big for Canadian games. Whether it was Balatro (anonymous lone developer LocalThunk) stealing countless hours from millions of people and being nominated for numerous Game of the Year awards, 1000xResist (Vancouver’s Sunset Visitor) telling a genuinely profound immigrant story or a Ubisoft Toronto team playing a pivotal role in the first-ever true […]

Canada Technology

Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit

Co-founder says company was grateful to land rare nine-figure Canadian tech exit. Toronto-based e-commerce software aggregator Carbon6 Technologieswhose core business model included acquiring numerous other companies, is now the one being bought. “Carbon6 was founded to simplify success for sellers and suppliers, starting with a focus on Amazon.” Kazi Ahmed Carbon6 is set to […]

Canada Technology

Thomson Reuters acquires American tax automation software SafeSend for $600 million USD

SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS. Toronto-based business information services giant Thomson Reuters has acquired tax software provider cPaperless, which operates as SafeSendfor $600 million USD ($864.5 million CAD) in cash. Founded in 2008 and based in Ann Arbor, Mich., SafeSend aims to eliminate some of the […]