WonderFi clears final regulatory hurdle to be acquired by Robinhood
More than a year after inking the deal, it’s finally slated to close on June 1.
Acquisitions
Cohere releases its most powerful AI model as open source
As open-source AI becomes concentrated in China, Cohere says it wants to provide a secure alternative.
Cohere acquires second company with German ties in Reliant AI
Acquisition is intended to accelerate entry into the healthcare sector.
Goldman Sachs to acquire Canadian data centre platform QScale
QScale founders will continue to run the business, which will keep its Québec headquarters.
UniUni to reportedly go public on TSX in $1-billion USD SPAC deal
BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.
Canadian-founded Opennote acquired by San Francisco-based Reducto
Reducto says it will bring on the Y Combinator alum’s entire team.
Plum acquired by US-based Phenom to reduce bad hires in the age of AI
Phenom expands into Canada with its third acquisition this year.
Lightspeed offloads Upserve at a discount as transformation plan continues
Montréal-based payments firm sells US hospitality business for nearly $350 million less than it paid.
Appetronix cooks up bigger robotic kitchen ambitions with Cibotica acquisition
Company says deal will support expansion beyond pizza-making robots into more cuisines.
In AI, it’s US vs. the world
Plus: This Canadian company almost hired an AI candidate.
Cohere to acquire Germany’s Aleph Alpha in sovereign AI play
Combined company will bear Cohere name with Aidan Gomez leading as CEO.
OpenTable gobbles up Canadian market share with Libro acquisition
Montréal restaurant reservation startup to continue as standalone brand.
Credo paid $92 million USD in cash to acquire Hyperlume, SEC filing reveals
With Hyperlume’s team and tech, Credo aims to deliver the AI infrastructure of the future.
Cohere exec pledges AI firm will stay Canadian-headquartered amid merger reports
Remarks come as Cohere reportedly explores combining with a German enterprise AI peer.
AppDirect acquires PartnerStack for upwards of $150 million USD
Acquisition secures “missing piece” to build a unified platform for partner-led growth.