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.

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.

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

The post Clio tops $500 million USD in ARR as AI reshapes the legal market first appeared on BetaKit.

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.

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. […]

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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 […]

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Saving Adam was the first mission. Selling the science is the next.

The post Inside the Calgary medtech company born from one man’s determination to treat his own son first appeared on BetaKit.

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.

The hemlock woolly adelgid — named because it is covered in white woolly material — can cause foliage loss and even kill eastern hemlock trees. A team at Nova Scotia's Acadia University are rearing specialized predatory insects they're hoping can control these pests. The CBC's Gareth Hampshire suited up to get into the facility.

Camilla Fox has been fascinated by wild canines for most of her life, even helping to raise an orphaned wolf pup as a child. But the journey of the so-called “Alcatraz Coyote” is unlike anything she has seen before.

Vancouver firm beats $25-million USD target for fund backing early-stage MSP and AI startups.

The post Top Down closes VC fund aimed at “invisible infrastructure” of the global economy first appeared on BetaKit.

BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.

The post UniUni to reportedly go public on TSX in $1-billion USD SPAC deal first appeared on BetaKit.

ATB Capital Markets analyst Martin Toner raised his target on Keel Infrastructure (Keel Infrastructure Stock Quote, Chart, News, Analysts, Financials TSX:KEEL) to C$10.00 from C$5.50, maintaining an “Outperform” rating as the company moves closer to signing its first high-performance computing lease. In his May 12 note, Toner said Keel’s Q1/26 update showed progress on its […]

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Prime Minister Mark Carney welcomed the Artemis II astronauts to Ottawa Wednesday telling them their recent trip around the moon has served as an inspiration for the whole country.

Beacon Securities analyst Doug Cooper maintained a “Buy” rating and $9.50 target on iFabric (iFabric Stock Quote, Chart, News, Analysts, Financials TSX:IFA) after first-quarter results came in ahead of expectations. iFabric reported Q1 revenue of $27.5-million, above company guidance of $25-million to $27-million, while EBITDA was $5.7-million, or a 20.7% margin, compared with $0.3-million and […]

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Roth Capital analyst Bill Kirk maintained a “Buy” rating and $2.00 target on Cresco Labs (Cresco Labs Stock Quote, Chart, News, Analysts, Financials CSE:CL) in a May 11 sales analysis after first-quarter results showed a modest revenue beat but slight Adjusted EBITDA miss. Cresco reported Q1 revenue of $151.3-million, ahead of consensus at $148.8-million, but […]

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ATB Capital Markets analyst Gavin Fairweather maintained an “Outperform” rating and C$36.00 target on Docebo (Docebo Stock Quote, Chart, News, Analysts, Financials TSX:DCBO) in a May 11 update, saying first-quarter results showed improving go-to-market execution and deal flow. “There were few surprises in Q1/26 results given the pre-release, but results came in at the high […]

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Sustainable AI Group aims to help enterprises manage AI’s environmental impact.

The post Ex-Hugging Face, Salesforce leaders partner on AI sustainability venture first appeared on BetaKit.

10 startups in, the poker players-turned-VCs behind the firm unpack its progress and plans.

The post AI investment firm DevCap closes $5 million as it eyes public listing first appeared on BetaKit.