Prominent tech investor Benchmark led the round for the San Francisco-based startup, which was founded in Vancouver. Others participating in the financing included Shopify’s venture arm, First Round Capital and Y Combinator. (The Logic)

Talking point: Workers at firms like Shopify and Ramp use Gumloop’s software to set up and run AI agents that do data analysis, customer research and other tasks. The firm’s selling point is that lawyers, sales and marketing staff, and other non-technical users can automate work without needing to call their IT teams. Founded by McGill University engineering graduates in mid-2023, Gumloop went through Y Combinator’s famed accelerator program. It relocated to Silicon Valley early last year after raising a US$17-million Series A round. “U.S. venture capital let us scale massively,” CEO Max Brodeur-Urbas has said on X, but the firm is also “hiring aggressively” at the Vancouver office it opened in December.