Techopia

Ottawa-based Solink has raised US$60 million in fresh venture capital as it sets its long-term sights on going public amid massive growth.

Turnstone Biologics, an Ottawa-born biotech startup that landed more than $170 million in venture capital, is going public on the Nasdaq exchange.

Software powerhouse Kinaxis announced last week that Margaret Franco has joined the firm as its chief marketing officer.

Ottawa has moved up in CBRE’s annual ranking of tech hubs, failing to crack the top 10 for the second year but continuing its reign at the top of the list among all 50 North American markets measured. 

C-COM Satellite Systems’ revenues fell more than 30 per cent in the second quarter compared with a year earlier due to continued “sluggish market conditions” driven by fears of a looming recession and “anxiety related to geopolitical tensions,” the firm says.

Check out the latest Techopia Live episode featuring Jennifer Teoh and Heather Ward.

Martello Technologies has sold $2.5 million worth of stock to Terry Matthews-controlled Wesley Clover International in a non-brokered private placement aimed at helping the Kanata firm fund its operations as it shifts to a new software platform.

Ottawa cleantech firm Thermal Energy International booked a record $27.3 million worth of new orders in fiscal 2023, up 133 per cent from the previous year, the company announced this week.

In this episode, Alan Coady reveals what is driving growth at Fidus and how the company will continue to leverage artificial intelligence to improve its technology services.