Cohere, a Toronto-based AI startup, has successfully raised $500 million from prominent investors like Cisco, AMD, and Fujitsu. The funding round also saw contributions from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, bringing Cohere’s valuation to an impressive $5.5 billion. Specializing in large language models for businesses, Cohere has attracted […]
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Clio Secures Historic USD $900 Million Investment to Revolutionize Legal Tech Industry and Expand Workforce
Centaur Clio has landed the largest investment round in Canadian history and is actively hiring across all areas of its business including sales, marketing, product, and customer success. The global leader in legal tech has raised USD $900 million Series F round led by New Enterprise Associates (NEA) based on a USD $3 billion valuation. Clio will […]
This Summer’s Hot Tech Talent Trends Across Canada
This month marks another Canada Day—happy birthday, Canada! Still spry and youthful at age 157, the vast nation of Canada continues to see active change throughout the economy as rapid advancements in technology and other powerful forces impact the story arc of local talent. As a publication dedicated to covering the intersection of tech and […]
Check Point Enhances Academy to Help Close Canada’s Cybersecurity Skills Gap
Projections have estimated that, by 2040, 40% more cybersecurity professionals will be required to meet rising global demand. In Canada, cyber attacks are up as a nationwide inability to fulfill positions exasperates the issue. In response, global cybersecurity firm Check Point last year announced the expansion of its SecureAcademy Program in Canada to provide students with essential […]
Major Investment into Semiconductor Industry Spurs Hundreds of Skilled Jobs
The global semiconductor market is expected to expand from US$500 billion in 2020 to US$695 billion by 2025. Canada is seeking to position itself as a global supplier of semiconductors, which it considers crucial for security, economy, and technological progress. “Semiconductors are at the centre of Canadians’ daily lives and Canada’s economy,” says François-Philippe Champagne, […]
Report Finds ‘Overwhelming Sense of Enthusiasm’ for A.I. in the Workplace
Artificial intelligence is poised to redefine workflows and unlock new opportunities for growth, suggests a report from one of Canada’s biggest names. Thomson Reuters this week released their annual “Future of Professionals” report, which shows optimism among the laptop class in Canada. “Professionals no longer need to speculate on the potential for AI to impact […]
Investment of $33M Across 14 Projects to Support 800 Agtech Jobs in Canada
Through coordination across all levels of government and in partnership with industry, Canada is hoping to enable Alberta’s small- and medium-sized businesses to capitalize on opportunities. Specifically, Prairies Economic Development Canada is seeking to build upon Alberta’s reputation as an “agricultural powerhouse” by investing more than $20 million across projects commercializing innovative products, technologies, and […]
Politics are Hindering the Growth and Success of Tech and Talent in Canada
Technology entrepreneurs across Canada continue to stomp their feet over this year’s federal budget, which has been criticized at length for unduly stifling innovation—at a time, no less, when Canada is already grappling with severe brain drain and other crippling concerns. Big names, such as the leaders behind Canadian tech titan Shopify, have been decidedly […]
Victoria Sees Local Tech Workforce Grow as Sector Drives 50% More Impact
While attending the final Collision Conference in Toronto, Techcouver editor-in-chief Robert Lewis reported on Canadian entrepreneur Asees Kaur winning the 2024 edition of PITCH, the annual event’s iconic early-stage startup competition. Kaur was pitching her startup VoxCell BioInnovation. Named one of Techcouver’s 10 homegrown startups to watch in 2023, Victoria’s VoxCell launched its first product at Collision. The company’s flagship “Universal Bioink Kit” is designed to […]
Recent Efforts Aim to Spur Upskilling, Expansion of Talent in Canadian Tech
Canada is undergoing rapid growth fuelled by the world’s highest per capita immigration rate—and that is but one among several vectors of change impacting tech and talent across the country in 2024. The intense spread of A.I. technologies is a force to be reckoned with, with half of workforces needing to reskill over the next three years, an […]