News Summary

San Francisco-based Landbase, an AI-powered go-to-market platform, has acquired Toronto-based AI research tool LavaReach. Founded in 2023 by Daniel Zhao and YiMing Han, LavaReach focuses on assisting sales teams with company research through AI-driven solutions. Following the acquisition, Zhao and Han will join Landbase to help advance its go-to-market automation technologies. Landbase co-founder Daniel Saks, a Canadian entrepreneur, previously co-founded AppDirect and continues to support the Canadian tech ecosystem with this acquisition. The acquisition was rapidly completed, reflecting a shared vision and synergy between the companies. Landbase recently emerged from stealth with $12.5 million USD in seed funding and received additional growth capital from CIBC Innovation Banking.