Vancouver based competitor intelligence platform Klue launches with 4 million in funding in a round led by Omers Ventures.
Toronto-based Ritual has raised $53 million CAD ($43.5 million USD) in a Series B round led by Insight Venture Partners
Chat app Kik raised nearly $100 million from more than 10,000 people in its Initial Coin Offering. The amount raised falls short of an initially stated goal by the Kin Foundation to sell 1 trillion Kin tokens for $125 million. Canadians couldn’t participate because Kik didn’t file for an exemption with Canadian regulators
Waterloo-based companies shone in the Canadian Business’ Profit 500 list with Sortable (#12), Axonify (#25), Magnet Forensics (#27), and Dejero (#53). Swift Labs made the Startup list.
According to Global Entrepreneurship Monitor, Women’s entrepreneurial activity is on the rise globally thanks in part to improvements in Canada with Entrepreneurial intentions increasing in North America by as much as 30%.
CIX has revealed its top 20 most innovative tech companies for 2017 featuring companies like CloudDX and Integrate.ai.
Element AI has announced a partnership with Montreal-based Automat, a conversational marketing platform that leverages AI to help companies talk to their customers.
The Toronto-Montreal Hyperloop plan is considered among the top 10 in the world and is the only Canadian winner. The proposal says a trip from Toronto to Ottawa would take 27 minutes, and an Ottawa-Montreal trip would take another 12 minutes.
To collect data that will help tech diversity efforts, Women in Tech World (WinTech) is launching a Canada-wide fact-finding tour by conducting Community Conversations with women in tech all over Canada.