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Bell, Coveo accelerate sovereign AI infrastructure
Bell, Coveo accelerate sovereign AI infrastructure
Bell Canada is accelerating its move to sovereign AI solutions with the announcement of a partnership with Montreal-based Coveo.
Gofer.run AI shopping app gets a handle on grocery prices
North Bay Ont.-based One Red Maple Inc. looks to make grocery price shopping a little easier for Canadians seeking to reduce their food bills with its Gofer.run shopping app.
Sales automation startup Rox AI hits $1.2B valuation
Rox, a startup developing autonomous AI agents to boost sales productivity, has raised a new funding round valuing the company at $1.2 billion, according to multiple sources. The startup positions itself as an intelligent revenue operating system.
Google acquires cybersecurity startup Wiz for $32B
Google has officially acquired Israeli cybersecurity firm Wiz for US$32 billion in cash. This marks Google’s biggest acquisition in its history. Wiz provides a security platform that protects major cloud environments by preventing and responding to cybersecurity threats.
Femtum closes $16M funding round
Femtum, a developer of advanced fiber laser solutions for the manufacturing of silicon photonics, co-packaged optics and next-generation semiconductor devices, announced the closing of a $16 million Series A financing round. The funding will support the company's international expansion.
Quince hits $10B valuation with $500M round led by Iconiq
Quince announced that it raised a $500 million Series E round at a $10.1 billion valuation. Quince, which launched out of beta in 2020, calls its business model “manufacturer-to-consumer.”
AI startup Walter acquired by Stockholm legaltech Legora
Vancouver-based legal AI startup Walter has been acquired by Stockholm legaltech giant Legora as big players in the sector gear up to fight in a competitive market.
Webflow buys AI content-generation platform Vidoso
Webflow, which offers a software platform for building and hosting websites, is acquiring AI-powered content-generation platform Vidoso to beef up its suite of marketing offerings. Vidoso helps organizations generate marketing collateral like images, presentations, video clips and social media content.
Xanadu looks to build quantum computers in Canada
Xanadu Quantum Technologies has entered negotiations with the Ontario and federal governments to secure up to $390 million in support as the company looks to build semiconductor and photonic manufacturing capabilities in Canada.
Canada could still win the AI race
AI experts Alejandro Adem and Arvind Gupta argue the country’s structural advantages are finally becoming urgent strategic assets.
AI boosts demand for supply chain software
BNN Bloomberg speaks with Edward Ryan, CEO of Descartes Systems, about how tariffs, geopolitical tensions and supply chain disruptions are influencing demand for logistics software and shaping the company’s strategy for acquisitions and AI integration.
Telus investigating hack of digital services arm
Telus is investigating a cybersecurity incident related to its recently reacquired technology business line, which involved unauthorized access by ShinyHunters, a criminal hacking and extortion group which claims it has stolen a wide range of customer data from Telus Digital.
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