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Canadian Tech in 100 Words

KPMG: Low AI Literacy Holding Canada Back

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Canada ranks near the bottom globally in AI literacy and trust, according to new research from KPMG and the University of Melbourne. Among 47 countries studied, Canada ranked 44th for AI literacy and 42nd for trust. Only 24% of Canadians have received AI training, and just 34% trust information from AI systems.

Despite low exposure to harms, concern remains high—especially around cybersecurity and privacy. Experts warn Canada risks falling behind economically unless education, regulation, and adoption improve. Stronger governance and more public-private collaboration could build the trust needed to unlock AI’s economic potential.

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

Conquest Planning Raises $100M to Scale Financial AI

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Winnipeg-based Conquest Planning has raised $100 million in Series B funding to expand its AI-driven financial planning platform. Led by Goldman Sachs Alternatives, the round includes new investors Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, and USAA, with continued support from BNY and Portage.

Conquest’s Strategic Advice Manager (SAM) uses AI to deliver personalized, real-time financial recommendations. Already adopted by over 1,000 institutions—including RBC and Manulife—Conquest supports 60% of Canadian advisors and is expanding in the U.S. and U.K. The firm also unveiled SAM Bytes to support individuals not yet working with advisors.

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

Canada’s Innovation Engine Leaves Builders Behind

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Despite catalyzing nearly $100 billion in value, Canadian innovation programs like Velocity and CDL leave key contributors—ecosystem staff and operators—without equity or upside. While founders and institutions benefit, the people enabling startup success often remain underpaid and structurally excluded.

In contrast, U.S. models like Y Combinator reward early-stage supporters, fostering a sustainable loop of reinvestment. Builders Club is proposing a new Canadian model with aligned incentives, peer-led support, and community-owned upside. Without such changes, Canada risks losing talent, reinvestment, and the next generation of high-growth ventures to systems designed to reward value creation.

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

League Eyes $100M Raise After Scaling to 58M Users

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Toronto-based League is preparing to raise $100 million USD in growth financing after scaling its digital health platform to 58 million users. The 11-year-old startup, founded by serial entrepreneur Mike Serbinis, has pivoted twice to reach its current model—providing white-labeled platforms for insurers and governments.

Clients include Manulife, Telus, Quest Diagnostics, and Medibank. League’s recurring revenue has grown 42% year-over-year, with break-even targeted for 2026. With $225 million raised to date, Serbinis says the company is now in a strong position as market sentiment stabilizes. Expansion continues across the U.S., U.K., Middle East, and Australia.

Want to know more? Check out the source code on The Globe and Mail.

Botpress Raises $25M to Scale Agentic AI Platform

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Montréal-based Botpress has raised $25 million USD in Series B financing to scale its AI agent platform as demand for agentic AI grows. Led by Framework Venture Partners, the round included Deloitte Ventures, HubSpot Ventures, Inovia Capital, and Decibel Partners. Botpress offers an “infrastructure layer” for deploying AI agents safely and at scale.

CEO Sylvain Perron said the funding will double the team, expand European operations, and add voice features. With nearly one million users and 3,000 paying customers, the platform serves industries from fintech to agriculture. Botpress aims to bridge LLM technology with real-world business applications.

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

Rogers Closes $7B Deal with Blackstone and Pension Giants

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Rogers Communications has closed a $7 billion equity investment led by Blackstone and backed by Canada’s top institutional investors, including CPP Investments, CDPQ, PSP Investments, BCI, and IMCO. The transaction gives Blackstone a non-controlling stake in a Rogers subsidiary holding part of its wireless backhaul infrastructure.

Rogers retains full operational control, and the unit’s financials will remain consolidated. CEO Tony Staffieri said the deal reflects investor confidence and supports Rogers’ strategy to unlock asset value and reduce debt. The deal highlights growing institutional interest in telecom infrastructure as a long-term investment class.

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

Meta and Oakley Launch Smart AI Glasses

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Oakley and Meta have unveiled Oakley Meta HSTN, a new line of Performance AI glasses blending cutting-edge design with advanced technology. Built for athletes and active users, the glasses feature a built-in camera, open-ear speakers, and Meta’s AI assistant for hands-free interaction. Battery life reaches eight hours of use, with 3K video capture and water resistance included.

Select models use Oakley’s PRIZM™ lens tech to enhance contrast and clarity. The limited-edition launch begins July 11 at $499 USD, with broader availability later this summer across North America and Europe.

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

Walter and Fasken Launch Legal AI Innovation Program

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Vancouver legaltech startup Walter is expanding its partnership with national law firm Fasken through a new Joint Innovation Program to develop the Walter AI Assistant. Integrated into Microsoft Outlook and the Walter platform, the AI tool will automate legal tasks such as data entry, entity creation, compliance management, and document drafting.

Fasken’s Emerging Technology group is contributing real-world insight to ensure workflow relevance. The collaboration builds on an existing relationship and reflects growing adoption of AI tools to reduce administrative burdens and enhance client service. The assistant marks a significant advance in legal operations technology.

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

Alberta Invests in Wearable Health Tech Innovation

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Alberta Innovates is investing $348,750 to support a new initiative aimed at advancing wearable health technology in the province. Led by the Canadian Sport Institute Alberta through its Sport Product Testing platform, the program will help startups validate, analyze, and commercialize devices measuring biomechanics and physiological data.

With support from the University of Calgary and University of Alberta, the initiative offers validation services, machine learning analytics, and expert mentorship. Originally focused on elite athletes, the program is expanding to consumer health. Officials say the effort could position Alberta as a hub for wearable innovation.

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

Montreal’s DNE Joins AppDirect’s Growing Portfolio

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San Francisco–based AppDirect has acquired Montreal’s DNE Resources, one of Canada’s largest energy brokers, as part of its continued expansion into deregulated North American energy markets. DNE manages over $250 million in annual commercial energy spending and is known for simplifying energy procurement.

The deal follows AppDirect’s acquisition of U.S.-based Broker Online Exchange (BOX), integrating both firms into a unified service platform. DNE customers will gain access to AppDirect’s BOX My Service Cloud and other value-added services. The move positions AppDirect as a one-stop hub for energy, cloud, telco, mobility, and AI procurement solutions.

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