Tech & Telecom
 

January 18, 2022

 
 
Top news
 
CPPIB backs Vancouver capital markets data upstart Canalyst’s US$70-million venture funding
 

Rafal Gerszak/The Globe and Mail

  CPPIB backs Vancouver capital markets data upstart Canalyst’s US$70-million venture funding
 

Sean Silcoff

 
Technology Reporter
A fast-growing Vancouver startup that has become a key data provider to investment professionals has raised US$70-million in venture capital led by Dragoneer Investment Group and backed by Canada Pension Plan Investment Board (CPPIB).
 
Canalyst Financial Modeling Corp., which builds financial models used by investment professionals to track 5,000 equities, says it has roughly doubled revenues in each of the past two years and is now generates between US$15-million and US$20-million annually. It has benefited from strong word-of-mouth, expanding to 2,500 individual users at 400-plus investment firms, banks and corporations, up from 400 and 150, respectively, in early 2020.
 
 
Full Story
 
 
 
More stories below advertisement
 
 
 
Latest posted news
 
  Microsoft to buy video game publisher Activision Blizzard for US$68.7-billion
 

Subrat Patnaik and Supantha Mukherjee

 
Full Story
 
Twitter expands test feature allowing users to flag misleading tweets
 
Full Story
 
Microsoft has reportedly stopped manufacturing Xbox One consoles to focus on next-gen
 
Full Story
 
  Toshiba should prioritize an overhaul of its board and management, major Japanese pension fund says
 

Makiko Yamazaki

 
Full Story
 
  Apple submits plans to allow third-party payment systems on its App Store, South Korean regulator says
 
Full Story
 
  Nokia says it expects its turnaround to continue in 2022
 
Full Story
 
 
Also worth reading: Science
 
How STEM paves the way to a wide range of careers
How STEM paves the way to a wide range of careers
 

Colleen Babenko

 
Full Story
 
 
Sponsor Content
 
How stronger cybersecurity measures support the successful shift to digital
 

Supplied

How stronger cybersecurity measures support the successful shift to digital
 
Full Story
 
 
About this newsletter
The Tech & Telecom newsletter features headlines from the technology, telecom and media industries. It is sent weekdays.

For delivery issues related to this newsletter, please contact Digital Support.