Montréal-based travel content monetization startup Stay22 has completed a total turnaround since losing 90 percent of its revenue in 2020. “It’s a great way to finally get a tap on the back.” Andrew Lockhead, Stay22 On Thursday, the 105-person startup announced it raised $122 million USD ($167 million CAD) in an all-equity, minority growth investment…
The University of Toronto (U of T) has found a new partner to operate the life sciences lab space that pharmaceutical giant Johnson & Johnson left behind last year. Cambridge, Mass.-based BioLabs is adding the space, which sits inside MaRS Discovery District, to its global network of shared labs and co-working spaces—its first in Canada….
Canadian aerospace company NordSpace announced today the launch of NordSpace Ventures, a newly established division focused on investing in the space, defence, and dual-use technology sector. Its first portfolio member is an Edmonton space data company with one of the world’s most powerful satellite imaging arrays. Nordspace calls the investment an act of sovereignty-building between…
BY THE OPTIMIST DAILY EDITORIAL TEAM A single, carefully administered dose of the psychedelic compound dimethyltryptamine, better known as DMT, may offer meaningful relief for people living with treatment-resistant depression, according to results from a new clinical trial. In the small study, published in Nature Medicine, researchers found that when DMT was combined with structured…
BY THE OPTIMIST DAILY EDITORIAL TEAM Brushing and flossing may be the MVPs of oral hygiene, but they are not the only players on the team. What lands on your plate matters, too. Certain foods can actively support your teeth and gums by strengthening enamel, reducing inflammation, and even helping to rinse away cavity-causing bacteria…
OpenAI’s decision not to alert law enforcement of its concerns about a user who went on to commit a mass murder has raised thorny questions about how to balance individual privacy from corporate and government surveillance when protecting public safety. The US AI company confirmed a Wall Street Journal report to BetaKit this week that…
Montréal-based Novacap has closed nearly $3.8 billion USD ($5.2 billion CAD) for its seventh tech-focused private equity fund that will continue the firm’s strategy of buying majority stakes in profitable companies. The new fund thesis “reflects continuity rather than change.” The fund, which exceeded its target of $2.75 billion USD and was raised in under…
Si vis pacem, para bellum is an old Latin adage that translates: if you want peace, prepare for war. For Richmond Hill, Ont.-based cybersecurity startup Parabellyx, the maxim sits at the core of both its name and its strategy. “Businesses don’t want to have 85 percent accuracy in their security testing; they want to get…
Earlier this month, the federal government announced billions in funding for its Defence Industrial Strategy (DIS) to help reindustrialize and reinvigorate Canada’s military and defence supply chains. Now, a group of Edmonton organizations is looking to make the city a hub for security and defence. “We [want to] to build a songbook where everyone is…
In a dark concert venue in Montréal on Tuesday, dozens of passionate people on the fringes of mainstream tech gathered to plot an exodus from Big Tech platforms. The Fediverse provides Canadian users with choice, instead of being subject to the whims of a “distant big tech company in Silicon Valley.” It was the first…
