Ottawa-based Hyperlume has raised $12.5 million USD ($17.8 million CAD) in seed funding to commercialize its data-centre interconnection technology. The round was led by BDC’s Deep Tech Venture Fund and ArcTern Ventures, with participation from MUUS Climate Partners, SOSV, and Intel Capital, the investment arm of American semiconductor giant Intel, with a strategic investment from…
Musk blew up at the Danish astronaut, calling him a derogatory slur after the former ISS commander said his claims were false. Tech, Trending, World, andreas mogensen, Astronaut, Elon Musk : Tech Musk blew up at the Danish astronaut, calling him a derogatory slur after the former ISS commander said his claims were false.
Trump’s order directs his administration to consider responsive actions like tariffs to ‘combat’ digital service taxes imposed on U.S. tech companies by foreign countries. Canada, Tech, U.S. News, digital services tax, donald trump tariffs : Tech Trump’s order directs his administration to consider responsive actions like tariffs to ‘combat’ digital service taxes imposed on U.S. tech companies…
Black entrepreneurs say they have lost a “lifeline” after Shopify abruptly cut off their access to a support program as part of the company’s dismantling of its Equitable Commerce team. In mid-January, Shopify quietly shuttered Build Native, an Equitable Commerce support program for Indigenous entrepreneurs. The removal of the program from Shopify’s website, alongside the…
Canada’s impending trade war with the United States hasn’t come up much on The BetaKit Podcast. Intentionally so, as I consider the podcast my last vestige of mental stability. But like chocolate and peanut butter, some flavours are destined to mix, and there’s so much to discuss that we can’t not discuss it. So this…
Toronto is getting a new tech event this year. You can read about the details here or below. BetaKit is a proud media partner, and it is great to see local leaders come together to fill the Collision-sized hole in the city’s summer dance card, but there’s bigger news afoot regarding Toronto Tech Week. That…
The move comes just days after President Donald Trump said Apple CEO Tim Cook promised him that the company would shift from Mexico to the U.S. Tech, U.S. News, Apple, iPhone, Tariff : Tech The move comes just days after President Donald Trump said Apple CEO Tim Cook promised him that the company would shift from Mexico…
Toronto and Montréal-based CMD Capital has halted fundraising and paused its operations indefinitely after failing to secure anchor institutional investors for its first fund, BetaKit has learned. CMD Capital co-founder and general partner (GP) David Dufresne confirmed the news in an interview with BetaKit. The move was announced by Dufresne and fellow CMD Capital co-founder…
More than 350 Canadian tech leaders, investors, and workers have signed an open letter advocating for the industry to uphold the diversity, equity, and inclusion (DEI) values some companies in the space have abandoned. The signatory list includes businesswoman and investor Arlene Dickinson, Resiin CEO Helen Kontozopoulos, Willful CEO (and former BetaKit managing editor) Erin…
Laval, QC-based cleantech startup Dispersa, which has developed a process for turning food waste into affordable and sustainable chemicals for everyday products, has secured $5.8 million CAD in seed funding from Canadian investors to commercialize its flagship ingredient. Dispersa claims its PuraSurf biosurfactant can be used to replace conventional fossil-fuel and palm-derived surfactants in all-purpose…