Harjit Sajjan reports for duty

BetaKit - Fri, 05/15/2026 - 19:17

After decades in public service, former defence minister Harjit Sajjan is now a defence-tech entrepreneur.

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Categories: Technology news

SaaSpocalypse now? These founders don’t think so.

BetaKit - Fri, 05/15/2026 - 15:43

At Web Summit, founders see the future of SaaS embracing as agentic AI, rather than being destroyed by it.

The post SaaSpocalypse now? These founders don’t think so. first appeared on BetaKit.

Categories: Technology news

Inside ventureLAB’s bid to bring AI to Ontario’s critical industries

BetaKit - Fri, 05/15/2026 - 14:23

The Critical Industrial Technologies initiative helps Ontario’s SMEs move from working pilot to working business.

The post Inside ventureLAB’s bid to bring AI to Ontario’s critical industries first appeared on BetaKit.

Categories: Technology news

Quantum startup Nord Quantique secures $1.4-billion USD valuation

BetaKit - Fri, 05/15/2026 - 11:40

Québec-based company is one of Canada’s leaders in quantum computing.

The post Quantum startup Nord Quantique secures $1.4-billion USD valuation first appeared on BetaKit.

Categories: Technology news

Nuclear fusion powerplant could be running by 2035, General Fusion CEO says

BetaKit - Thu, 05/14/2026 - 17:36

The nuclear fusion company isn’t worried about going public as a pre-revenue company

The post Nuclear fusion powerplant could be running by 2035, General Fusion CEO says first appeared on BetaKit.

Categories: Technology news

Xanadu reports larger net loss than expected, but quadrupled revenue in first public earnings report

BetaKit - Thu, 05/14/2026 - 17:26

Revenue mainly came from US DARPA quantum program, with support from Canadian government as well.

The post Xanadu reports larger net loss than expected, but quadrupled revenue in first public earnings report first appeared on BetaKit.

Categories: Technology news

How Alberta solved its nurse licence bottleneck with homegrown tech

BetaKit - Thu, 05/14/2026 - 16:43

Punchcard Systems is helping to cut public sector red tape.

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Categories: Technology news

Feds back new group embedding graduate researchers with Canadian companies

BetaKit - Thu, 05/14/2026 - 16:18

TICAN will work with firms to identify R&D challenges, then find grads who can solve the problem.

The post Feds back new group embedding graduate researchers with Canadian companies first appeared on BetaKit.

Categories: Technology news

CMC Microsystems picks 11 winners for $10.7-million edge computing challenge

BetaKit - Thu, 05/14/2026 - 14:25

Funding comes through FABrIC network, which aims to grow Canada’s advanced semiconductor capabilities.

The post CMC Microsystems picks 11 winners for $10.7-million edge computing challenge first appeared on BetaKit.

Categories: Technology news

Artemis II crew gets hero's welcome at Canadian Space Agency in Quebec

Technology news (CBC) - Thu, 05/14/2026 - 14:08

Canadian astronaut Jeremy Hansen and the rest of the Artemis II crew have received a hero's welcome at Canadian Space Agency headquarters after their journey to the far side of the moon.

Categories: Technology news

Canadian-developed technology helps new telescope probe mysteries of the cosmos

Technology news (CBC) - Thu, 05/14/2026 - 13:26

The work of researchers from across Canada is at the heart of a massive new telescope that could help unlock some of the biggest mysteries of the universe from its perch at one of the highest elevations in the world.

Categories: Technology news

Goldman Sachs to acquire Canadian data centre platform QScale

BetaKit - Thu, 05/14/2026 - 12:24

QScale founders will continue to run the business, which will keep its Québec headquarters.

The post Goldman Sachs to acquire Canadian data centre platform QScale first appeared on BetaKit.

Categories: Technology news

Telecom software startup Gaiia secures $40-million USD Series B round

BetaKit - Thu, 05/14/2026 - 11:57

Québec City spin-out of Oxio sells software for challenger telecoms.

The post Telecom software startup Gaiia secures $40-million USD Series B round first appeared on BetaKit.

Categories: Technology news

This Canadian tech stock has an upside of 146%, analyst says

Can Tech - Thu, 05/14/2026 - 11:32
Beacon Securities analyst Gabriel Leung maintained a “Speculative Buy” rating and C$7.00 target on VerticalScope (VerticalScope Stock Quote, Chart, News, Analysts, Financials TSX:FORA) in a May 13 report after first-quarter results came in below consensus. VerticalScope reported Q1 revenue of US$11.9-million and EBITDA of US$2.3-million, compared with Leung’s estimates of US$11.9-million and US$2.5-million. Consensus was […]

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Categories: Technology news

Clio tops $500 million USD in ARR as AI reshapes the legal market

BetaKit - Thu, 05/14/2026 - 11:28

CEO Jack Newton sounds off on revenue inflation and weathering the SaaSpocalypse.

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Categories: Technology news

Here's why you don’t need to worry about a 'super' El Niño — yet

Technology news (CBC) - Thu, 05/14/2026 - 09:50

There’s been a lot of talk about the possibility of a "super" El Niño developing this year, but scientists say not to expect impacts in Canada this summer. That doesn’t mean we get off scott-free.

Categories: Technology news

This analyst just raised his price target on Magellan Aerospace

Can Tech - Thu, 05/14/2026 - 09:24
Paradigm Capital analyst J. Marvin Wolff raised his target on Magellan Aerospace (Magellan Aerospace Stock Quote, Chart, News, Analysts, Financials TSX:MAL) to $33.25 from $28.50, maintaining a “Buy” rating after in-line first-quarter results. Magellan reported Q1 revenue of $285.1-million, EBITDA of $36.9-million and EPS of $0.29, compared with Wolff’s estimates of $281.2-million, $38.4-million and $0.35. […]

Source

Categories: Technology news

This analyst loves Village Farms

Can Tech - Thu, 05/14/2026 - 09:10
Beacon Securities analyst Doug Cooper maintained a “Buy” rating and US$5.50 target on Village Farms International (Village Farms International Stock Quote, Chart, News, Analysts, Financials NASDAQ:VFF) in a May 11 update after record first-quarter results. Village Farms reported revenue of $50.2-million, up 27% year-over-year, while Adjusted EBITDA rose to $9.9-million from $4.5-million. Adjusted gross margin […]

Source

Categories: Technology news

Ian Crosby is back with a new accounting startup for the agentic AI era

BetaKit - Thu, 05/14/2026 - 06:00

Three-time Canadian founder raises $10 million USD for San Francisco-based Synthetic.

The post Ian Crosby is back with a new accounting startup for the agentic AI era first appeared on BetaKit.

Categories: Technology news

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