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Canada Technology

Mississauga’s rising entrepreneurs are cleaning water, transforming legal services, and making robot EV chargers

Sauga Startup Showcase recognizes promising startups. The Sauga Startup Pitch and ShowcaseMississauga’s flagship startup pitch competition, took centre stage on November 12, spotlighting nine finalists from four regional incubators and accelerators. With $15,000 in cash plus in-kind prizes up for grabs, the event showcased the thriving entrepreneurial spirit in Mississauga and its surrounding communities. […]

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Canada Technology

Richa Mehta joins Radical Ventures as San Francisco-based partner

AI-focused VC firm launched a new $800-million USD growth fund in August. Toronto-based artificial intelligence (AI)-focused venture capital (VC) firm Radical Ventures has tapped Richa Mehta as its newest partner. Mehta will help lead Radical’s growth strategy, taking on typical partner responsibilities like leading investments, taking board seats, interfacing with limited partners, and helping […]

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Canada Technology

Founders of Sysomos, Aislelabs find traction bringing their AI research to AEC

Workorb secures $2.6 million CAD to advance AI in architecture, engineering, construction sectors. Toronto-based artificial intelligence (AI) startup Workorb has closed $2.6 million CAD in seed financing to advance its automation product for the architecture, engineering, and construction (AEC) industry. The round, which consisted of SAFE agreements that closed over the summer, was led […]

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Canada Technology

NACO launches fellowship program with national innovation orgs

Government-backed initiative will match founders with senior leaders at companies like Interac, Loblaw Digital, National Bank, and more. The National Angel Capital Organization (NACO) has rolled out a new initiative backed by the Government of Canada geared towards helping entrepreneurs across Canada strengthen their networks. The six-month programwhich was announced at Toronto tech conference […]

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Canada Technology

Fujitsu launches Cohere-powered Japanese LLM for enterprise use

Fujitsu invested in Cohere as part of a partnership to develop an LLM for the underserved language. Japanese IT services company Fujitsu has launched Takane, a Japanese-language large language model (LLM) powered by Toronto-based enterprise artificial intelligence (AI) startup Cohere. Fujitsu claims Takane has achieved industry-leading performance in multiple Japanese-language benchmarks. The new LLM […]

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Canada Technology

Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD

Company sees the UK as potential beachhead for expanding into the European market. Toronto-based FinTech firm Propel Holdings has entered into an agreement to acquire United Kingdom-based FinTech lender QuidMarket to the tune of $95.9 million CAD ($71 million USD). Based in Nottingham, England, QuidMarket offers an online lending solution that Propel said has […]

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Canada Technology

Koho set to launch line of credit offering through partnership with Propel Holdings

FinTech startup to roll out bank-like offering as it attempts to become a licenced bank. Koho Financial will begin offering a line of credit to its customers through a partnership with fellow Toronto-based FinTech firm Propel Holdings. Koho recently introduced new rent reporting features to help its users build credit history. The partnership will […]

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Canada Technology

Motion closes $30-million USD Series B in bid to become “command centre for creative strategists”

Inovia-backed startup’s software enables creative strategists to turn data into ad ideas. Toronto-based advertising technology startup Motionwhich sells analytics and research tools for creative strategists, has secured $30 million USD in Series B funding. Founded in 2021 by a trio of Hubba and Shoelace alumni in CEO Reza Khadjavi, CTO Alexander Sloan, and head […]

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