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TransCrypts puts identity verification into people’s hands

2 days ago

TransCrypts puts identity verification into people’s hands

It started with the frustration that TransCrypts CEO and co-founder Zain Zaidi and Ali Zaheer, the company’s CTO and co-founder had when trying to access their academic records.

Boreal Ventures wants Canadian tech to get to market faster

Montreal-based Boreal Ventures said its newly launched Boreal Ventures II $60 million fund will help Canadian B2B technology companies compete globally.

Feds tackling Canada’s tech health care digital hurdles

The federal government is moving legislation forward to connect Canada’s notoriously fragmented health information systems, a weakness that has left many Canadians repeating medical histories and doctors struggling with incomplete records.

1Password platform reins in companies’ AI agents

As businesses and employees let AI agents loose on their work, 1Password has released a new product to keep those agents reined in. The Toronto-based cybersecurity software company launched its Unified Access Platform to help companies securely deploy AI agents.

Cloaked raises US$375M to expand security offerings

Cloaked, a company that offers a bundle of security and privacy solutions, announced it secured US$375 million in Series B funding and growth financing to expand its consumer offering and move into the enterprise market.

Xanadu's CEO is betting big on going public

Xanadu Quantum Technologies is set to debut next week as a publicly traded company on the TSX, and will come to market with more than US$300 million in funds.

Bluesky announces US$100M Series B after CEO transition

Social network Bluesky is gearing up for big changes with news the company raised US$100 million in Series B funding. The round, led by Bain Capital Crypto, closed in April 2025 but had not been disclosed until now.

Edra startup lands US$30M funding from Sequoia

Edra, a New York-based startup that helps companies automate workflows, announced a US$30 million Series A led by Sequoia, with participation from 8VC and A*, the venture firm founded by serial entrepreneur Kevin Hartz.

YScope closes $5.3 million to track computer activity

As AI agents put an ever-growing strain on traditional computer systems, Toronto-based YScope has set out to build a new way of tracking and analyzing their activity. It announced it secured $5.3 million to expand its platform.

Accenture beats estimates on strong AI demand

Accenture beat quarterly revenue estimates on strong ​demand for services that help businesses adopt artificial intelligence and ‌move to the cloud. The company is seeing demand from companies seeking partners to automate complex tasks. 

Micron forecasts strong revenue on AI boom

Chipmaker Micron Technology beat Wall Street expectations for second-quarter revenue benefiting from a surge in demand for its memory chips used in AI hardware such as those in data centres.

Meta rolls out new AI content enforcement systems

Meta announced it’s rolling out more advanced AI systems to handle content enforcement as it plans to cut back on third-party vendors. Tasks related to content enforcement include catching and removing content about terrorism, child exploitation, drugs, fraud and scams.

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