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Propel Holdings named 'Personal Finance Company of the Year'
Propel Holdings 'Personal Finance Company of the Year'
Toronto-based fintech Propel Holdings has been named "Personal Finance Company of the Year" in the 10th annual FinTech Breakthrough Awards program.
Ontario to connect province's medical records systems
Ontario looks to roll out a province-wide medical record system, while avoiding the missteps of the earlier eHealth Ontario initiative, to connect the province's fragemented health care record system.
Ecolab to acquire CoolIT Systems for US$4.75B
Ecolab announced it is acquiring Calgary’s CoolIT Systems, a leader in liquid cooling technology for data centres. Founded in 2001 in Calgary, CoolIT designs and manufactures high-performance cooling systems. The acqusition is to be finalized in third quarter of 2026.
Hopper staff moving in-house at Capital One
Montréal travel technology company Hopper, which built and managed Capital One’s online travel booking portal for credit cardholders, confirmed the American financial services giant is bringing the Capital One Travel platform and Hopper employees in-house.
RBC's new AI chief says data will set winners apart
RBC's AI chief Bruce Ross said in the AI race success will come from the data feed into AI tools, adding RBC has just such a deep reservoir of data to train its AI models going forward.
Spark Microsystems secures $17M in funding
Montréal-based fabless semiconductor company Spark Microsystems has closed another $17 million in Series B follow-on financing. Spark, which specializes in next-generation short-range wireless communications, will use the funding to continue commercializing its patented, low-energy ultra-wideband tech.
Kleiner Perkins raises US$3.5B to invest in AI
Kleiner Perkins, the half-century-old venture capital institution, is raising US$3.5 billion to make bets on artificial intelligence startups reshaping industries including software, health care and transportation.
OpenAI non-profit names leaders, plans to spend US$1B
OpenAI is making several key hires to lead its non-profit arm and is planning to spend US$1 billion in various AI-related investments this year through the non-profit unit.
Mirage raises US$75M for its AI video editing app
U.S.-based Mirage, maker of video editing app Captions, raised US$75 million in growth financing from General Catalyst’s Customer Value Fund. Mirage is an AI lab that produces different models and caters to industries like advertising and marketing.
Microsoft-backed chipmaker raises US$40M
Lace, a Norway-headquartered chipmaking equipment startup backed by Microsoft, has raised US$40 million in funding to further develop a technology that could enable significant advances in semiconductor design and manufacturing.
CanLII and Caseway settle copyright dispute
The Canadian Legal Information Institute (CanLII) and Vancouver-based AI startup Caseway AI have settled their copyright dispute. CanLII filed a lawsuit in the B.C. Supreme Court alleging Caseway created a business by wrongfully taking CanLII’s work without permission or compensation.
Ads are coming to Apple Maps
Apple announced it will begin to allow advertisers to target customers on Apple Maps, starting in the U.S. and Canada later this summer. The ads are part of a revamped business offering Apple is calling Apple Business.
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