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BetaKit

@betakit.com

Award-winning coverage of Canadian startups and tech innovation since 2012.

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Latest posts by BetaKit @betakit.com

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Dominion Dynamics says it will invest $50 million to build a “sovereign autonomous wingman” | BetaKit The uncrewed aircraft will be designed to fly alongside and support crewed fighters.

Dominion Dynamics’ autonomous wingman won’t buzz the tower, but it could patrol the Arctic

Dominion says it will invest $50 million to build a “sovereign autonomous wingman" that could help manned aircraft patrol Canada's north.

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06.03.2026 20:51 👍 1 🔁 0 💬 0 📌 0
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UniUni raises $85 million USD as it scales gig-powered delivery across North America | BetaKit Beijing-based private equity firm Rockets Capital led the $30-million equity round, while RBC provided a $55-million credit facility.

UniUni didn’t name all investors who put up the $30M in equity, but SEDAR filings show multiple unnamed backers across Ontario, Québec, Hong Kong, and the Cayman Islands.

06.03.2026 18:45 👍 0 🔁 0 💬 0 📌 0
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Alberta’s technology minister continues data centre courtship at Digital Innovation Forum | BetaKit Nate Glubish pitches the province's energy, low taxes, and cool climate.

Alberta is making a hard pitch to data centre builders: energy, low taxes, cold climate, and speed. Minister Nate Glubish says the “home run” is digital sovereignty and keeping Canadian AI under Canadian jurisdiction.

06.03.2026 17:45 👍 1 🔁 1 💬 0 📌 0
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EQ Bank carves out more market share with $800-million PC Financial purchase | BetaKit Deal comes at the end of a “difficult year” for EQB.

UPDATE: EQB has received clearance from the Competition Bureau for its previously announced proposed acquisition of PC Financial.

The $800-million deal would create a combined digital bank representing nearly 3.5 million customers and give Loblaw ownership of 17 percent of EQB stock.

06.03.2026 16:41 👍 0 🔁 0 💬 0 📌 0
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Svante buys Alberta’s Carbon Alpha Corp. | BetaKit The deal includes Carbon Alpha’s North Star carbon capture project in Meadow Lake.

Svante Technologies' acquisition of Carbon Alpha Corporation includes the company’s flagship North Star carbon capture project in Meadow Lake, which is being developed through a partnership with the Meadow Lake Tribal Council and expected to be finished in 2028.

06.03.2026 13:58 👍 0 🔁 0 💬 0 📌 0
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Ssense cut more than 200 jobs days after founders won bid to buy back company | BetaKit The layoffs follow a Québec court decision that blocked the company's lender's push for an asset sale.

Montréal fashion giant Ssense laid off more than 200 people in February, just two days after its founders won a court battle to buy back the company and save it from bankruptcy proceedings.

05.03.2026 21:30 👍 1 🔁 0 💬 0 📌 0
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OpenAI sets new safety standards following Solomon meeting and pressure over Tumbler Ridge response | BetaKit After meeting with CEO Sam Altman, Canada’s AI minister says OpenAI is taking “immediate actions.”

OpenAI has agreed to a series of safety standards and systems changes in the wake of the mass shooting in Tumbler Ridge, BC, following a meeting between its CEO, Sam Altman, and Canada's Ai minister Evan Solomon.

05.03.2026 20:35 👍 1 🔁 0 💬 0 📌 0
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Blackline Safety pairs connected gas detection with K9 leak hunting | BetaKit Harness-mounted G6 devices log GPS-tagged readings to validate detections along pipelines.

Nala is a very good dog.

She is K9 Leak Hunters' "chief sniffing officer" and helps find gas leaks in pipelines. Blackline Safety says its gas detector helps her do that job better. Read more about the Calgary company's tech, and how its helping their first canine customer.

05.03.2026 15:15 👍 0 🔁 0 💬 0 📌 0
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CVCA and NACO offer competing visions for feds’ $750-million venture envelope As the Government of Canada decides how to deploy the $750 million CAD it pledged to “early growth-stage funding gaps,” CVCA and NACO have differing visions on how those dollars should be allocated.

“We are watering the top of the tree while the roots are dying.”

NACO's Claudio Rojas warns against putting Ottawa's $750M support for early growth-stage #CDNTech companies only into later-stage capital. Meanwhile, @cvca.bsky.social is offering a much different vision for how to spend the money.

05.03.2026 14:13 👍 0 🔁 0 💬 0 📌 0
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Syantra’s breast cancer blood test isn’t looking for cancer at all | BetaKit The Calgary startup is planning a summer launch for Onco-ID, its breast cancer test that's built around immune signals.

Syantra aims to create a breast cancer screening test that is more accurate in early detection than a mammogram and less expensive than an MRI.

To do that, it's developing a blood test that doesn't look for cancer at all.

04.03.2026 19:30 👍 0 🔁 0 💬 0 📌 0
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Kraken dives deeper into defence with $615-million Covelya Group acquisition | BetaKit The acquisition would create a larger subsea player that spans defence and commercial markets.

Kraken Robotics is buying UK-based Covelya Group for $615M as it pushes deeper into dual-use subsea tech and the “fast-growing” defence market.

04.03.2026 18:37 👍 0 🔁 0 💬 0 📌 0
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On track to hit $100-million USD ARR, Spellbook partners with Canadian Bar Association | BetaKit Legaltech startup signs exclusive deal to provide CBA with AI-powered contract drafting and review.

Spellbook is gearing up for a legal AI buying spree.

The Toronto startup has secured $40 million USD in debt financing from RBCx and says it wants to scoop up smaller competitors as it targets $100 million USD ARR this year.

04.03.2026 14:55 👍 0 🔁 0 💬 0 📌 0
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Landing Zones Canada’s AI-enhanced drones get upgrade with $1.1-million investment | BetaKit PrairiesCan funding will help Medicine Hat company enhance its autonomous high-altitude drones.

Ottawa is putting just over $1.1 million into Landing Zones Canada to enhance its AI-powered autonomous drone technology.

The Medicine Hat company says its high-altitude aircraft could have both civilian and defence applications.

03.03.2026 21:00 👍 0 🔁 0 💬 0 📌 0
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NationGraph raises $18 million USD to bring AI to the black box of government contracting | BetaKit The Canadian co-founded startup is building AI intel platform for teams selling to governments.

Government contracting is a huge market. It is also a mess to navigate.

Canadian-founded NationGraph has raised $18 million USD to use AI to help vendors find and act on public-sector contract opportunities hidden across budgets, meeting minutes, RFPs, and more.

03.03.2026 20:00 👍 0 🔁 0 💬 0 📌 0
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Ottawa puts $8.5 million behind 40 Atlantic Canadian AI projects | BetaKit Evan Solomon announces support for Université de Moncton, Volta Labs, Digital Nova Scotia, and others.

.@evansolomon.bsky.social was at Volta today announcing support for the Halifax innovation hub, as well as AI projects at Université de Moncton, Digital Nova Scotia, and others.

03.03.2026 19:04 👍 1 🔁 0 💬 0 📌 0
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Wealthsimple becomes first Canadian FinTech to join SWIFT network | BetaKit The move continues the Toronto firm’s push into international payments.

.@wealthsimple.bsky.social is building on its international payments push as it becomes is the first Canadian FinTech firm to join the global SWIFT network.

03.03.2026 17:06 👍 0 🔁 0 💬 0 📌 0
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Opinion: The quiet militarization of Canadian AI | BetaKit Canadian AI styles itself as ethical but is slowly reorienting towards dual-use and military technology.

Canadian AI is gradually reorganizing itself towards dual-use technology in military industries. @inrsciences.bsky.social's Mélina Poulin and Nicolas Chartier-Edwards argue this “quiet militarization” is happening in a regulatory void.

03.03.2026 15:57 👍 2 🔁 3 💬 0 📌 0
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Canada’s small businesses feel the “true cost of a fractured global economy” | BetaKit A Xero report shows largest quarterly decline in sales growth since fall 2020.

Canada’s small businesses ended 2025 with their sharpest quarterly sales growth drop since 2020.

A new Xero report points to economic uncertainty, supply-chain disruption, and shifting US trade policy as key pressures.

03.03.2026 15:00 👍 0 🔁 0 💬 0 📌 0
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Montréal AI conference ALL IN to expand with events in Vancouver, Toronto Scale AI-run event series hits Vancouver on April 15 and Toronto on May 28.

ALL IN is expanding beyond Québec.

Scale AI says it will hold satellite events Vancouver on April 15 and Toronto on May 28 as it looks to spark more AI collaboration and adoption across Canada.

03.03.2026 14:04 👍 1 🔁 0 💬 0 📌 0
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Manitoba looks to spur more investment with tax credit ceiling raise | BetaKit Starting in April, the province's small business venture capital tax credit will be capped at $30 million.

The Government of Manitoba is hoping an $8-million increase to its venture capital tax credit cap will spur private investment and accelerate growth in the prairie province’s burgeoning startup scene.

02.03.2026 21:58 👍 2 🔁 0 💬 0 📌 0
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Damon Motors’ CEO, CFO, and board resign following prolonged struggle on public markets | BetaKit The company’s future is uncertain as more than 3,000 people are still waiting for a Damon electric motorcycle.

Damon spent longer trying to list on the NASDAQ than trading on it.

Now its CEO, CFO, and board are out, raising new questions about the future of the electric motorcycle company.

02.03.2026 20:42 👍 0 🔁 0 💬 0 📌 0
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Versos wants to turn video libraries into fuel for AI training | BetaKit The New Brunswick startup has launched a platform that can turn studios’ videos into structured, AI-ready datasets.

Versos is chasing a new AI opportunity: helping studios monetize their video libraries.

Its new platform is built to transform unstructured footage into structured datasets for model training.

02.03.2026 18:30 👍 0 🔁 0 💬 0 📌 0
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Cohere co-founder Nick Frosst wants to build more Canadian, less Silicon Valley-centric AI | BetaKit Frosst talked efficiency, AGI, and his band Good Kid at AI conference and recent media dinner.

👀 In case you missed it the first time around, Josh Scott snuck some great details into this story about Nick Frosst's other life as the front man of Toronto indie rock band Good Kid.

Josh also got Joelle Pineau on the record about which #AI company functions have better music: Meta or Cohere.

02.03.2026 17:30 👍 0 🔁 0 💬 0 📌 0
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CCI wants governments to buy more Canadian healthtech | BetaKit The tech advocacy group urges an overhaul of procurement and data management to support domestic companies.

CCI says Canada should take a buy-Canadian approach to healthtech procurement.

Its pitch its fairly straightforward: governments should buy more #CDNTech, improve data portability, and make it easier for health systems to work together.

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02.03.2026 16:35 👍 0 🔁 0 💬 0 📌 0
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Reflections from a 10-year entrepreneur Plus: Solomon and Sam Altman to discuss OpenAI's connection to Tumbler Ridge tragedy.

"Just send the email."

In celebration of BetaKit's 10-year anniversary, editor-in-chief @trondizzle.bsky.social shares some hard-earned wisdom from his decade running, and growing, an independent media startup.

Check out a very special edition of The BetaKit Newsletter for more:

02.03.2026 15:30 👍 1 🔁 0 💬 0 📌 0
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JetScaleAI secures $5.4 million to keep cloud costs and climate impact down | BetaKit Former Dataperformers leaders aim to help companies optimize their cloud infrastructure.

After helping build and exit Dataperformers to Deloitte, Mehdi Merai and Gabriel De Lisi are back with a new startup.

JetScale AI has raised $5.4 million CAD to help companies optimize cloud infrastructure and reduce waste.

Read more:

02.03.2026 14:12 👍 0 🔁 0 💬 0 📌 0
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OpenAI says it would have reported Tumbler Ridge shooter to police in hindsight OpenAI says that since banning a mass shooter in Tumbler Ridge, BC, it has tightened protocols for referring ChatGPT accounts to police, and would have reported it had the account been flagged today.

OpenAI says it would have reported the Tumbler Ridge shooter to police “in hindsight,” and says it’s tightening its law-enforcement referral protocols.

The company also revealed the alleged shooter evaded her initial ban with a second ChatGPT account.

27.02.2026 18:45 👍 1 🔁 0 💬 0 📌 0
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Peer CoWork — Voice-First Browser for Healthcare Workflows A voice-first browser that automates any healthcare work. No EMR integration required. No training. Install in a day.

A healthtech company in the #Yukon has released a new #AI tool to help clinicians quickly knock out administrative work using just their voice. #CDNtech

27.02.2026 17:52 👍 0 🔁 0 💬 0 📌 0
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Three Regina research projects receive ISF funding from Innovation Saskatchewan | BetaKit The nearly $460,000 will support research into water security, environmental sustainability, and antimicrobial resistance.

Innovation Saskatchewan is investing in three research projects at the University of Regina, with nearly $460,000 in funding.

27.02.2026 16:00 👍 0 🔁 1 💬 0 📌 0
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Real estate investment platform Addy enters restructuring one year after fine from regulators | BetaKit Addy’s crowdfunding approach aimed to democratize access to real estate investments.

In the weeks leading up to the restructuring notice, an Addy Discord server was awash with speculation as communication dwindled, its website went down, and a co-founder Michael Stephenson updated his LinkedIn profile.

“I think we all know that addy as we know it is done,” one user said.

27.02.2026 15:00 👍 0 🔁 0 💬 0 📌 0