Company
Canadian pension plan for Ontario's public school teachers and one of the country's largest institutional investors in private companies.
Proofpoint has agreed to acquire Varonis in an all-cash deal valued at about $6.3 billion, or $49.75 a share. Varonis expects the deal to close in the first half of 2027, and until then the two companies stay independent.
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EliseAI raised $350 million at a $4 billion valuation, double its Series E price last August, in a round co-led by Andreessen Horowitz and Bessemer. Landlords and clinics using it now deal with a vendor funded to automate more of their operations.
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EliseAI raised $350 million at a $4 billion valuation, up from $2.2 billion 13 months earlier, with a16z and Bessemer co-leading again. On reported recurring revenue above $200 million, that is about 20 times sales, close to the multiple on its last round.
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Canadian Shield Institute wants pension funds required to put 3% of their assets into Canadian growth companies, roughly $7 billion a year. Prime Minister Mark Carney has ruled out compelling the funds, so the proposal now turns on whether voluntary summit pledges ever reach startups.
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The six dollar-denominated Canadian pledges made ahead of next week's Toronto summit add up to about $98.4 billion, and $70 billion of that is BMO's ten-year infrastructure figure. The fund aimed at scaling technology companies is $1.4 billion.
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ICONIQ, GIC and Ontario Teachers' Pension Plan put $750 million into Ramp at a $44 billion valuation. Ramp is naming AI token spend as a third pillar of corporate cost, alongside people and vendors.
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