News from BetaKit

Inside the reborn OneEleven

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Isabelle Kirkwood @ BetaKit 2 place · 04/24/2023 06:01 EDT

Less than two years after the Toronto tech hub’s sudden closure and reopening, its managing director says the “turnaround is complete.” Read more ›

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Canadian startup news of the week (4/23/23)

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Alex Riehl @ BetaKit 3 place · 04/24/2023 05:00 EDT

Plus: BDC launches $150M sustainability fund. Read more ›

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Scale AI’s COO explains how Canada can build an AI-powered economy

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Douglas Soltys @ BetaKit · 04/23/2023 17:11 EDT

Clément Bourgogne says Scale AI is more focused on supply chains than generative AI. Read more ›

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Ocean Supercluster tops up 16 projects with $23 million to drive commercialization

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Charles Mandel @ BetaKit 1 place · 04/21/2023 15:51 EDT

Ocean Supercluster wants to strengthen, grow supply chains while accelerating commercialization. Read more ›

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Flash Forest raises $11.4 million CAD to support reforestation using drones and AI

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Charlize Alcaraz @ BetaKit 2 place · 04/21/2023 14:50 EDT

Manual reforestation can be labour-intensive, but this Mississauga startup claims it can be done in a flash. Read more ›

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Academics, CEOs sign on in support of AI regulation and Bill C-27 as Canadian companies race to adopt the technology

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Charles Mandel @ BetaKit 3 place · 04/21/2023 14:18 EDT

Ada, AlayaCare, Hootsuite, and Unbounce have all rolled out new AI-related products in recent weeks. Read more ›

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Yield Exchange raises $700,000 CAD to simplify access to guaranteed investment certificates

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Charlize Alcaraz @ BetaKit 2 place · 04/21/2023 11:06 EDT

Yield Exchange won two pitch competitions at SAAS NORTH 2022, taking home $110,000. Read more ›

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H|T: The Healthtech Times – More healthtech fraud with Outcome Health ex-exec judgment

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Alex Riehl @ BetaKit · 04/21/2023 05:00 EDT

Plus: Spring Health nabs $71M, propels to $2.5B valuation. Read more ›

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R|T: The Retail Times – E Inc. to delist from TSX, Sleep Country scoops up Casper’s Canadian operations

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Alex Riehl @ BetaKit 1 place · 04/21/2023 05:00 EDT

Plus: Product sampling startup Sampler acquires Abeo. Read more ›

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KB Nam officially named president of Wattpad following recent leadership change

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Charlize Alcaraz @ BetaKit 2 place · 04/20/2023 16:58 EDT

KB Nam was hired as interim president following two previous leadership departures. Read more ›

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Raghwa Gopal to retire as head of Innovate BC, kicking off search for new leader

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Charlize Alcaraz @ BetaKit · 04/20/2023 13:42 EDT

Gopal previously helped create Okanagan’s first startups accelerator. Read more ›

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AI beauty lab Omy raises $11 million CAD to expand personalized skin care product line in North America

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Charlize Alcaraz @ BetaKit · 04/20/2023 10:16 EDT

Omy launched its AI virtual skin consultant in 2020. Read more ›

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Certn targets global expansion of background check tech with $30 million USD Series B extension from EDC

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Josh Scott @ BetaKit 2 place · 04/20/2023 06:00 EDT

M&A key part of Certn’s strategy as it looks to expand in Europe, Africa, Asia. Read more ›

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A|I: The AI Times – Quantum pioneer D-Wave gets $50M lifeline

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Alex Riehl @ BetaKit 3 place · 04/20/2023 05:00 EDT

Plus: Mila secures $21 million from Québec government to support ethical AI. Read more ›

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Medfar secures $30 million CAD, looks to acquire more electronic medical record software providers

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Charlize Alcaraz @ BetaKit 1 place · 04/19/2023 16:25 EDT

Medfar was built by two aeronautical engineers who wanted to digitize health clinics Read more ›

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Optable raises $26 million CAD to help companies improve advertising campaigns

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Meagan Simpson @ BetaKit · 04/19/2023 11:07 EDT

Optable is backed by a group of corporate venture investors. Read more ›

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Fairly AI raises $2.2 million CAD to help AI firms comply with forthcoming regulatory requirements

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Charles Mandel @ BetaKit 2 place · 04/19/2023 06:00 EDT

Fairly wants to accelerate the broad use of fair and responsible AI. Read more ›

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S|W: The SaaS Weekly – With more layoffs coming, Meta is facing a morale crisis

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Alex Riehl @ BetaKit · 04/19/2023 05:00 EDT

Plus: AutoLeap gears up for growth with $40 million CAD Series B. Read more ›

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Wealthsimple co-founder Rudy Adler steps back as CMO as company makes exec changes

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Charles Mandel @ BetaKit · 04/18/2023 16:09 EDT

Diederik van Liere joins startup as new CTO. Read more ›

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General Assembly takes slice out of business, sells frozen pizza line

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Charlize Alcaraz @ BetaKit · 04/18/2023 14:58 EDT

General Assembly saw an over 40 percent decline in revenue from its frozen pizzas. Read more ›

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