University of Waterloo quantum expert-led EvolutionQ aims to help orgs “prepare for the quantum age”
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Bank of Canada taps EvolutionQ to explore impact of quantum computing on digital dollar

“The price of being late is far too great,” evolutionQ CEO Michele Mosca says. Quantum security startup EvolutionQ is contributing to a Bank of…

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OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
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OpenText acquires solutions partner KineMatik

KineMatik offers automation tools for business processes via OpenText marketplace. Kitchener-Waterloo-based OpenText, which offers information-management solutions for businesses, is expanding its portfolio of cloud-native…

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Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
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Magnet Forensics buys Griffeye, making first acquisition since being acquired

Griffeye claims its platform is used by over 1,000 police agencies globally. Magnet Forensics announced that it has acquired Griffeye, a startup that it…

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Waterloo Hockeystick
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Waterloo Region deal volume has been tanking steadily since 2019. Could undisclosed deals be partly to blame?

Off-the-record raises may be painting an incomplete picture of the ecosystem, investor says. Venture deal volume in the Waterloo Region reached a three-year low…

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Toronto skyline
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Toronto and Montréal added the most tech jobs in Canada in the last five years: Report

Ottawa’s tech talent concentration is higher than San Francisco’s Bay Area, CBRE says. Within Canada, Toronto and Montréal added the most tech talent jobs…

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University of Waterloo
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University of Waterloo uses $5 million from endowment to launch VC fund

The university was inspired by an emerging trend in the US, with schools like MIT. The University of Waterloo is investing up to $5…

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

Ex-ApplyBoard CEO plans to finance skilled immigrants that meet Canada’s workforce needs through new platform. After spending seven years helping international students apply to…

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Montreal skyline from Mount Royal
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Toronto-Waterloo, Vancouver, and Montréal hold the fort as Calgary and Ottawa rise in Startup Genome’s latest global ecosystem rankings

Larger ecosystems keep the status quo, as smaller ones post slight improvement. According to Startup Genome, Canada’s biggest tech startup ecosystems have maintained their…

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Google for Startups accelerator participants
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Applications are open for Google’s startup accelerators for women and Black founders

Three Canadian startups were selected for each program last year. Google has opened applications for its Black Founders and Women Founders startup accelerator…

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Canada flag
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Here’s how Canada’s top 10 cities rank in the global startup ecosystem

StartupBlink’s report shows Canada maintains fourth place in global ranking. Multiple cities in Canada’s top 10 startup ecosystems soared through StartupBlink’s global index…

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