Category Archives: Latest News

Canadians Must Be able to Access High-Speed Internet, CRTC rules

CRTC wants Canadians to have access to an unlimited data plan option and speeds of at least 50 Mbps download and 10 Mbps upload. The Canadian Radio-television and Telecommunications Commission (CRTC) today declared that broadband access Internet service is now considered a basic telecommunications service for all Canadians. The CRTC is also setting ambitious new … Continue reading Canadians Must Be able to Access High-Speed Internet, CRTC rules

Toronto startup Askuity turning complex retail data to grow sales

Askuity works with leading retail brands to turn complex point of sale data into profitable insights and greater business results. By combining automated point of sale data collection with powerful analytics and mobile technology, the Askuity analytics platform uncovers data-driven insights to help brands grow sales, improve margins and strengthen retailer relationships. Who started the … Continue reading Toronto startup Askuity turning complex retail data to grow sales

Amazon picks Montreal Quebec instead of Ontario for their hosting operations due to cheaper hydro rates

Amazon picked province of Quebec to open their Canadian data centres near Montreal. “We picked the Montreal Quebec area that we did because of the hydro power,” said Teresa Carlson, vice-president of public sector with Amazon Web Services. Average price for business customers in Montreal Quebec were just around 5.17 cents (IN ¢/KWH) while in … Continue reading Amazon picks Montreal Quebec instead of Ontario for their hosting operations due to cheaper hydro rates

Toronto Cyclica raises $2.4M for drug discovery using computer simulation

The company intends to use the funds to scale its sales and marketing efforts, and expand innovation through continued product development. Led by Naheed Kurji, President and CEO, Cyclica offers a novel predictive analytics platform that enables the development of hypothetical, pre-clinical, clinical, or FDA-approved drugs. The company’s solution offers insight and analysis into a … Continue reading Toronto Cyclica raises $2.4M for drug discovery using computer simulation

Montreal Hopper raises $82m – announces $1m in flights sold per day

Hopper, the mobile app that analyzes and predicts airfare, today announced it has secured $82M CAD in Series C financing led by Caisse de dépôt et placement du Québec (CDPQ), one of North America's largest pension fund managers. Existing investors Brightspark Ventures, Accomplice, OMERS Ventures, Investissement Québec and BDC Capital IT Venture Fund also participated … Continue reading Montreal Hopper raises $82m – announces $1m in flights sold per day

Hamilton, Ontario Cinnos raised over $2.3m to provide data centre appliance

Cinnos MCI, a Hamilton, Ontario, Canada-based high-tech startup providing a data centre  appliance, raised over $2.3m in equity financing. The round was led by the Burlington-based Angel One Investor Network and included angel investors from the Hamilton, Burlington and the Greater Toronto Area, as well as Ontario Centres of Excellence (OCE) through its Market Readiness … Continue reading Hamilton, Ontario Cinnos raised over $2.3m to provide data centre appliance