Montréal’s Novisto has acquired the United Kingdom (UK)-based carbon accounting software startup Minimum to expand its environmental, social, and governance (ESG) platform. “We are delivering a centralized system of record that allows enterprises to manage their climate impact and regulatory obligations.” Charles Assaf, Novisto The financial terms of the deal, which marks Novisto’s first acquisition…
ContactMonkey founder Scott Pielsticker is stepping aside from his leadership role as the internal communications and employee engagement company welcomes Jeff Cates as its new CEO. Pielsticker—who has led the company since 2010—said he would take an active role on ContactMonkey’s board of directors while Cates takes the role of CEO. “With strong momentum and…
The tech to 3D-print a home has existed for years. So why aren’t our neighbourhoods full of them? “Additive construction is inherently a more sustainable method of construction.” 3D printing, also known as additive construction, promises a faster and more sustainable way to build that could help address Canada’s housing crisis. But building codes, testing…
ThinkLabs has secured a $28-million USD ($39-million CAD) Series A round to help utility providers modernize power grid infrastructure as a wave of electricity-hungry AI data centres comes online. The Canadian-led, New York-based company provides a “physics-informed AI” software that helps utility control room operators and planners maintain grid reliability and reduce bottlenecks and outages. …
Toronto-based venture studio AXL is adding nine senior scientists from organizations like Nvidia, Samsung, and even NASA to mentor its startups as they scale from pilots to real-world deployment. The nine additions, all professors at the University of Toronto, join AXL as part of its inaugural cohort of Faculty Fellows, a program meant to bring…
BY THE OPTIMIST DAILY’S EDITORIAL TEAM When TJ McGee overdosed in his UC Berkeley dorm room two years ago, his roommates hesitated before calling for help. He lay on the floor, pale and seizing, while they weighed the risk: call for help and potentially face university consequences, or wait and hope. That hesitation is exactly…
BY THE OPTIMIST DAILY’S EDITORIAL TEAM Something has shifted over the past three decades in how Americans relate to each other. In 1990, about three percent of Americans said they had no close friends. Today, that number sits somewhere between 12 and 20 percent, depending on who you ask. Jaimie Krems, an associate professor of…
Montréal-based travel technology company Hopper is set to power travel rewards at Canada’s largest bank. Hopper, through its business-to-business (B2B) subsidiary Hopper Technology Solutions (HTS), announced on Monday that it had signed a long-term deal with the Royal Bank of Canada to deliver new capabilities for the bank’s Avion Rewards Travel program, which previously had a…
Saskatchewan’s Southeast Tech Hub (SETH) is looking to put $20,000 in seed money into the pockets of rural entrepreneurs as it revives its annual pitch competition for a third year. Starting on April 16, the competition will take place at the Southeast College in Estevan, a town of roughly 10,000 in southeastern Saskatchewan that serves…
The unemployment rate in Canada among youth aged 15-24 rose to 14.1 percent this February, close to its highest level since 2010 (excluding the COVID-19 years). “This rising stat is a disaster for any economy in the world,” said Saeed El-Darahali, President and CEO of SimplyCast. El-Darahali was entrepreneurial and ambitious at an early age,…
