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Navigating the Future of International Technology

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Vector Institute, Ontario Centre of Innovation secure combined $77-million provincial funding

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The Ontario government is providing a combined $77-million investment into theVector Institute for Artificial Intelligenceand the Ontario Centre of Innovation (OCI) to fund programming that aims to advance the province’s tech sector. OCI is receiving $50 million through the provincial government’s $107-million Critical Technology Initiatives program, which supports non-profit organizations focused on advancing innovation made…

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ApplyBoard co-founder launches Passage to address Canada’s skilled worker shortage with $40-million seed round

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After spending seven years helping international students apply to study abroad with Kitchener-Waterloo EdTechunicornApplyBoard, Martin Basiri has set his sights on a new challenge. The ApplyBoard co-founder and former CEO’s new startup,Passage, aims to help fill Canada’s skilled labour gap. Founded this year and armed with $40 million CAD in initial seed funding led by…

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Canadian startups Oncoustics, OneCup AI among Google’s first North America-wide cloud accelerator cohort

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Google has unveiled the cohort of 12 startups participating in the first installation of its cloud accelerator for startups in North America, naming two Canadian participants: Oncoustics and OneCup AI. Canadian startups represent a minority in this year’s cohort, following the extension of the Google for Startups Accelerator: Cloud program to companies in the United…

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These three Fast 500 companies are hiring software engineers in Canada

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Earlier this week, Deloitte released its 2023 TechnologyFast 50andFast 500lists, which showcase the fastest growing companies across North America based on fiscal-year revenue growth over a three-year period. Companies on these lists, which are touting triple-digit revenue growth, are looking to hire software engineers to work on their platforms in Canada. Check out all the…

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ChargeLab taps Newlab, Flipp alums Shaun Stewart and Patrick Smith to leadership team

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Toronto-basedChargeLabhas added two new members to its executive team. Shaun Stewart has joined as president and Patrick Smith is joining as vice president (VP) of engineering. The leadership additions come roughly seven months after the startup, which develops operating systems for electric vehicle (EV) chargers, secured a$15-million USDSeries A extension. Stewart, who is joining as…

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Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe

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Acton Capitalhas closed its sixth venture capital (VC) fund, securing $240 million USD to back tech startups across Canada and Europe. Fund VI marks the Munich, Germany-based growth-stage VC firm’s largest fund to date, and brings its total capital raised to $1 billion. Acton has invested in tech-enabled business models since 1999, funding a total…

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Exclusive: ApplyBoard secures $100-million CAD credit facility to fuel global expansion

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Kitchener-Waterloo startupApplyBoardhas secured a $100-million CAD credit facility to “triple down on growth,” CEO Meti Basiri told BetaKit in an exclusive interview. To do that, the educational technology company will place less emphasis on English-speaking countries. RBCx, the tech banking and innovation arm of Canada’s largest bank, issued the credit facility to the EdTech startup…

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