Decoder.ca

Canadian Tech in 100 Words

M&A

Protecting Against Quantum Threats, Scope AI Bolsters Its Suite of Security Solutions

by

Scope AI, a Vancouver tech firm dedicated to advancing the field of artificial intelligence with a focus on visual recognition and neural network technology, has finalized its acquisition of QSE Technology from Ovryde Ltd., thereby fortifying its suite of quantum-resilient security solutions.

The $400,000 deal, plus 2.8 million shares, enhances Scope’s ability to protect digital assets against emerging threats. CEO James Young noted that the quantum cryptography market is projected to grow to $126 billion by 2033. This acquisition positions Scope AI at the forefront of digital security, Young believes, offering advanced encryption solutions to retail and institutional clients.

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

Combing Forces, Unbounce Reveals Merger with San Francisco CRM Platform

by

Vancouver’s Unbounce has merged with San Francisco’s Insightly, combining strengths in landing page optimization and CRM. The merger aims to provide marketers with better metrics, such as revenue and lifetime value, by leveraging first-party CRM data. The merger will also enhance AI and machine learning capabilities within the Insightly platform, the companies said.

The combined entity, now with over 200 employees across Europe and North America, will aim to increase the quality of both their product offerings and joint portfolio. Unbounce secured a $52 million funding round led by Crest Rock Partners four years ago.

Want to know more? Check out the source code on Techcouver.