News from BetaKit

One chart that will make you feel good about Canadian tech

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Douglas Soltys @ BetaKit 1 place · 11/18/2024 05:00 EDT

Plus: Neo’s backers, Wealthsimple’s value, and Shopify’s concerns. Read more ›

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F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability

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Alex Riehl @ BetaKit · 03/28/2023 05:00 EDT

Plus: Jack Dorsey's Block accused of facilitating fraud. Read more ›

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Canadian government ups semiconductor focus, invests $36 million in Ranovus

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Charles Mandel @ BetaKit · 03/27/2023 16:52 EDT

Ranovus investment part of a $100-million project to advance Canadian semiconductor manufacturing, production. Read more ›

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Ontario budget gains kudos for streamlining procurement, increasing access to skilled talent

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Charles Mandel @ BetaKit · 03/27/2023 15:56 EDT

"We appreciate that Minister Bethlenfalvy and the Ontario government has listened to many of our members' concerns." Read more ›

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Valhalla Private Capital partners with Plug and Play Alberta to boost exposure of startup companies to investors

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Ryan O'Connor @ BetaKit 3 place · 03/27/2023 12:40 EDT

Plug and Play opened its first Canadian location in 2020. Read more ›

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UBC, BC Cancer researchers develop AI model to predict cancer survival rates

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Charlize Alcaraz @ BetaKit · 03/27/2023 11:16 EDT

The AI model can predict survival outcomes within six months, 36 months, 60 months. Read more ›

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Coveo CEO Louis Têtu wants to take risk out of generative AI

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Charles Mandel @ BetaKit 3 place · 03/27/2023 06:00 EDT

“We’re very confident of our advance here,” says the CEO. Read more ›

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Canadian startup news of the week (3/26/23)

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Alex Riehl @ BetaKit · 03/27/2023 05:00 EDT

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page. Top Stories of the Week Vertu Capital closes first private equity fund with over $300 million Led by founder and... Read more ›

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Michelle Scarborough explains why BDC is thinking bigger with Thrive Platform

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Douglas Soltys @ BetaKit · 03/26/2023 18:36 EDT

In late September, at a private BDC event taking place during Elevate—the same day the Crown Corporation announced its new Thrive Platform—Michelle Scarborough told a story of going to Isabelle Hudon and asking for a $200 million re-up of BDC’s Women In Technology Venture Fund. The response she received from BDC’s recently named CEO and President? “Think bigger.” “We’re seeing way more women found new technology companies in the market... Read more ›

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Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify

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Josh Scott @ BetaKit 1 place · 03/24/2023 17:08 EDT

Amid downturn, e-commerce slowdown, Rewind targets breakeven. Read more ›

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Alberta Innovates invests $30 million into Alberta Machine Intelligence Institute to spur research

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Charles Mandel @ BetaKit 1 place · 03/24/2023 16:47 EDT

New funding will attract investment and create jobs, says innovation minister. Read more ›

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Backed by Mark Cuban-led $2.4 million round, TransCrypts uses blockchain to help Ukrainian refugees access health records securely

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Charlize Alcaraz @ BetaKit 3 place · 03/24/2023 12:49 EDT

TransCrypts is also expanding to help those impacted by earthquakes in Turkey. Read more ›

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Mercator AI raises $5.1 million CAD as it develops early project detection tool for construction

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Charlize Alcaraz @ BetaKit 2 place · 03/24/2023 06:00 EDT

Mercator helps business developers find leads in construction projects faster using AI. Read more ›

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H|T: The Healthtech Times – Google is flexing its health care AI muscle

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Alex Riehl @ BetaKit · 03/24/2023 05:05 EDT

Plus: PointClickCare acquires Patient Pattern. Read more ›

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R|T: The Retail Times – SkipTheDishes gets a new CEO…again

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Alex Riehl @ BetaKit 1 place · 03/24/2023 05:00 EDT

Plus: Sobeys pays more than expected for cyber-breach. Read more ›

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Magnet Forensics shareholders approve $1.8 billion Thoma Bravo acquisition as campaign against deal proves unsuccessful

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Josh Scott @ BetaKit · 03/23/2023 16:40 EDT

Despite vote, dissenting shareholder says “this is not the end of the road for us.” Read more ›

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Québec budget aimed at stimulating the economy with investments in tech sectors, skilled labour

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Olivia Collette @ BetaKit 3 place · 03/23/2023 12:18 EDT

Cleantech, FinTech, AI, and quantum sciences are getting attention. Read more ›

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Shopify enterprise merchants can now use Google’s AI tools to improve searchability

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Charlize Alcaraz @ BetaKit 2 place · 03/23/2023 09:00 EDT

Google Cloud’s integration increases access to Google’s search and browsing technologies. Read more ›

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A|I: The AI Times – OpenAI unveils GPT-4 as Google-backed Anthropic launches Claude

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Alex Riehl @ BetaKit 1 place · 03/23/2023 05:00 EDT

Plus: How did Siri, Google, and Alexa lose their lead? Read more ›

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Vertu Capital closes first private equity fund with over $300 million

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Josh Scott @ BetaKit 3 place · 03/22/2023 16:31 EDT

Led by ex-OMERS veteran Lisa Melchior, Vertu is Canada’s first woman-founded PE firm. Read more ›

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Evol receives nearly $10 million from Canadian Economic Development to support diverse Québec entrepreneurs

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Ryan O'Connor @ BetaKit 3 place · 03/22/2023 13:23 EDT

Diverse businesses are 70 percent more likely to break into new markets. Read more ›

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