BetaKit

Amid global uncertainty, the path forward is clear: Canada’s moment to build is now. BetaKit Most Ambitious is back, telling stories of nearly 100 Canadian innovators strengthening our nation’s autonomy, security, and prosperity. Read it now:

AI minister @EvanLSolomon says forthcoming $500-million tech fund will consider equity stakes.

Technology is a significant talking point in Canada's new 13-page national security strategy, which looks to sketch out a path to “true sovereignty.”

Ottawa-based satellite operator @Telesat reported a Q3 net loss of $157 million as it stares down an upcoming debt payment deadline.

Prime Minister @MarkJCarney said Canada is investing $1.6 billion in Toronto frontier AI developer @cohere as the "Canadian success story" targets a nearly $36 billion valuation in a new round of financing.

The founders behind Wysdom are back with Bot Food (@feed_thebots), a new startup that aims to give people more control over how much they share with powerful AI systems.

Ottawa-based @SolinkCorp has raised more than $100 million USD to establish itself as a leader in what CEO Michael Matta sees as a $1 trillion market.

Wednesday’s BetaKit Newsletter dove into the Canadian lawsuits @AnthropicAI is eyeing as risks ahead of its targeted $1.5-trillion IPO. Plus: 🏦@RBC blocks AI agents 📸@YouTube advocates for Canadian influencers 🐦‍🔥@mozilla makes a meme bet.

Who’s going to build Alberta’s data centre boom? @ICTC_CTIC says that even under less aggressive scenarios, the province could be short hundreds or (more likely) thousands of skilled workers.

From autonomous AI agents to shifting investment flows, the finance industry is moving fast. The 2026 FinTech Forum report by @FinanceMontreal and @fathom4sight breaks down what’s driving Québec's evolving ecosystem.

The financing will include $300 million in fresh equity funding, and the round will also feature a secondary offering through which investors will buy $125 million worth of shares from @Wealthsimple employees.

.@GetKoho is a unicorn, but @DanEbs isn’t celebrating too hard. He points out that roughly half of billion-dollar companies never raise again or get acquired, and only 8% reach $10B. Is his “who cares?” reaction the right mindset?

Women-led companies took spots 2-6 on @DeloitteCanada's 2026 Fast 50 list. Chexy, BorderPass, @weavair_team, and Total Life landed in those spots, while Finni Health was at the top of the list.

.@LoonFinance has secured the green light from the OSC to issue its Canadian dollar-backed @CADCstablecoin in Canada.

.@cohere says it can’t tell if this was a bug or deliberate behaviour. But while the model was taking the actions, its reasoning trace gave the Cohere team no indication of its intentions.

.@venncanada enabled @DominionDynamic to streamline its growth by simplifying payments, automations, and expense tracking. After leaving legacy banking, the defence tech startup is using Venn for supplier payments, virtual cards, and AI accounting.

Led by Tech Horizons, the new round brings @NV_Dynamics’ total funding to nearly $28 million USD in equity funding.

.@LockheedMartin’s Canadian subsidiary has signed a $10-million contract with @contextere to help modernize maintenance, training, and workforce readiness for its work on the @RCAF_ARC's CC-130J Hercules fleet.

Are financial workloads scaling quicker than your internal headcount? Join BetaKit and @tryramp tomorrow, Oct 27 at 12:00 PM ET for a practical roadmap on automating finance workflows with AI. Register now:

Our BetaKit Briefing with @tryramp is LIVE now. Join for a practical look at automating finance workflows with AI.

.@zafin says Naehas will expand its capabilities as it builds out its portfolio of AI-enabled technology for regulated institutions, particularly in marketing and compliance.

.@_techNL's new CEO, Andrea King, says her priorities are reducing red tape, speeding up the review process, and reforming procurement to enable more purchases from local companies.

This week’s BetaKit Newsletter takes a closer look at Canada’s newest venture capital program. Plus: 🚀@Reactiondyn’s rocket plan 📉@inc_uni loses go-public deal 📈@tenstorrent hits new valuation high

Canadian cleantech has market-ready solutions, but bridging the commercialization gap requires significant capital and strategic partners. On Nov 17–18, join 1000+ leaders at @MaRSDD Climate Impact to unpack the mechanics of scaling climate tech.

Proposed regulations include requirements around reserve assets for issuers and where those assets can be held, prohibitions on marketing stablecoins as legal tender, bank deposits, or publicly insured products, and from paying interest to holders.

.@VistaraGrowth says its sixth is anchored by a commitment from longtime LP Ryan Beedie, and doesn't have a number on it because it will be a "flagship forever fund."

Page is only two years old, but it already monitors tens of thousands of sources across more than 80 jurisdictions, and says it powers a quarter of the Fortune 100. Now, its entire team is joining @goclio.

Join BetaKit and @tryramp for a live session today at 12:00 PM ET on using AI to eliminate manual finance tasks and scale efficiently. Save your spot before we go live: