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Canadian Tech in 100 Words

Helcim Charts Independent Payments Path

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Calgary-based Helcim has raised $53 million in Series C funding, led by BDC Capital’s Growth Venture Fund, as Canada’s payments sector shifts around it. The round included Curql Collective, Gold House Ventures, and returning backers including Headline, Aquiline, Information Venture Partners, Vesey Ventures, Clocktower Ventures, and Alberta Accelerate Fund.

Helcim has now raised about $100 million since 2022, with its valuation climbing to $250 million. The company says it has surpassed C$150 million in annual recurring revenue, serves more than 22,000 merchants, and is on pace to process nearly $10 billion in annual payments volume.

OTI Pushes Quantum Materials Forward

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Toronto-based OTI Lumionics and Samsung Advanced Institute of Technology say they have achieved 200-qubit quantum emulation on readily accessible hardware, demonstrating a practical path for materials discovery before fault-tolerant quantum computers arrive. The work used OTI’s iterative Qubit Coupled Cluster algorithm to model complex OLED materials with quantum-level accuracy on classical accelerated computing infrastructure.

OTI says the approach can outperform traditional chemistry methods while avoiding the cost and scarcity of large supercomputing clusters or quantum hardware. For display makers, the milestone could accelerate discovery of next-generation OLED materials used in phones, televisions, wearables, and other advanced electronics products at scale.

Want to know more? Check out the source code here.

Peripheral Raises for 3D Sports

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Toronto-based Peripheral has raised $8.7 million in seed funding to expand its spatial intelligence platform for live sports. The round was co-led by Inovia Capital and Deloitte Ventures, with follow-on backing from Khosla Ventures and Entrepreneurs First, bringing total funding to $12.5 million.

Founded in 2024 by Kelvin Cui and Mustafa Khan, Peripheral turns standard multi-camera sports feeds into navigable, game-like 3D environments for immersive replays, player tracking, and biomechanics. The company recently demoed with NBA and WNBA officials through NBA Launchpad and plans to expand engineering, accelerate stadium deployments, and launch a browser-based replay platform later this year.

Want to know more? Check out the source code here.

Moneris Moves to Francisco Partners

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RBC and BMO have agreed to sell Moneris to Francisco Partners in a deal valued at $2 billion, shifting one of Canada’s biggest payments companies from bank ownership to U.S. private equity. Moneris, founded in 2000 as a joint venture between the two banks, helps merchants accept and manage payments across roughly 325,000 points of commerce.

The deal includes long-term commercial agreements under which RBC and BMO will refer Canadian clients to Moneris. For Francisco Partners, which also owns Verifone and holds a stake in Paysafe, the acquisition adds scale in merchant payments and Canadian financial infrastructure.

Want to know more? Check out the source code here.

Theia Tracks Safer Patient Care

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Toronto-based Theia is helping New Brunswick researchers evaluate whether patient-turning technology can reduce injury risk for healthcare workers. The study uses Theia3D, the company’s markerless motion-capture platform, to compare caregivers repositioning simulated patients with and without Vendlet, a device from Denmark’s DHG.

Theia’s machine-learning software turns multi-camera video into 3D biomechanical data, avoiding reflective markers that would have made more than 500 trials difficult to run. Researchers from Université de Moncton and the University of New Brunswick are leading the project, with funding from WCB, WorkSafe Saskatchewan, and Mitacs.

Want to know more? Check out the source code here.

AI Agents Move Into Workflows

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Salesforce’s Agentic Enterprise Index suggests AI agents are moving from pilots into daily business workflows. Based on usage data from companies using Salesforce’s platform, the index found agent use is expanding across sales, service, marketing, commerce, and internal operations as businesses test where automation can improve productivity.

Salesforce says the research tracks real engagement rather than survey sentiment, offering an early look at how agentic AI is being adopted inside enterprises. The findings point to a shift from standalone chatbots toward connected systems that can act across customer data, business apps, and employee processes under human oversight and clear governance.

Want to know more? Check out the source code here.

Shopify Posts Monster Quarter

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Shopify delivered what president Harley Finkelstein called a “monster quarter,” with gross merchandise volume, revenue, gross profit, and free cash flow all growing more than 30 percent. The Ottawa-founded commerce platform reported second-quarter GMV of $116 billion, up 32 percent year over year, as merchant growth continued across company sizes, geographies, and sales channels.

Revenue also beat expectations, while Shopify guided for third-quarter revenue growth in the low-30-percent range. The results helped ease concerns that AI-powered shopping could weaken traditional e-commerce platforms, instead suggesting Shopify’s merchant tools, checkout, payments, and AI features are reinforcing its role in online commerce.

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Gemini Spark Lands in Canada

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Google is bringing Gemini Spark, its 24/7 personal AI agent, to Canada for eligible Google AI Pro and Ultra subscribers. The experimental tool is designed to complete multi-step tasks across a user’s digital life under their direction, moving Gemini beyond chat toward proactive, agentic assistance.

Spark can work through the Gemini web app, mobile app, and macOS app, helping with planning, research, organization, and follow-through while connected to Google’s broader product ecosystem. The Canadian rollout follows Google I/O, where the company framed Spark as part of Gemini’s next evolution from conversational assistant to always-available digital collaborator for everyday productivity tool.

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Wealthsimple Posts Biggest Quarter

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Wealthsimple reported $17 billion in net flows in the second quarter, its largest quarter ever, as assets under administration nearly doubled year over year. The Toronto fintech says growth was driven by demand for chequing and spending products, not only investing.

The update follows a product push into household finance, business chequing, kids and teens accounts, authorized trading, spending insights, and monthly rewards. Wealthsimple ended the first quarter with $124.8 billion in assets and 3.4 million clients, including one in five Canadians aged 18 to 40 using at least one product, according to the company nationally.

Want to know more? Check out the source code here.

KPMG Canada Deepens OpenAI Push

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KPMG Canada has formed a strategic alliance with OpenAI to help Canadian organizations move from AI pilots to enterprise-wide deployment. The firm has been named an OpenAI Elite Partner, the highest tier in OpenAI’s Partner Network, and will combine OpenAI technology with KPMG’s transformation, governance, and risk management expertise.

KPMG says it has already enabled more than 3,000 Canadian employees with ChatGPT Enterprise and is using Codex in Deal Advisory to review transaction documents and financial data faster. The alliance also includes cybersecurity work through OpenAI’s Daybreak Cyber Partner Program, targeting secure, responsible AI adoption across public and private sectors.

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