News from BetaKit

Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return

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Alex Riehl @ BetaKit · 04/03/2024 13:01 EDT

Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings. Read more ›

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Startup Open House returns to its roots after acquisition by MTL NewTech

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Isabelle Kirkwood @ BetaKit 3 place · 04/03/2024 10:00 EDT

The one-day showcase is hoped to draw up to 900 attendees. Read more ›

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“The stakes are high”: CCI report calls on feds, provinces to revamp approach to buying from Canadian tech companies

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Josh Scott @ BetaKit · 04/03/2024 10:00 EDT

CCI argues public procurement improvements could help correct Canada’s “historic innovation underperformance.” Read more ›

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Siri Agrell joins BetaKit as CEO

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BetaKit @ BetaKit 3 place · 04/03/2024 09:00 EDT

Seasoned Canadian journalist and tech ecosystem leader joins as BetaKit's new CEO. Read more ›

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With latest funding and Scotiabank partnership, Willful sets its sights on profitability

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Josh Scott @ BetaKit 3 place · 04/03/2024 06:00 EDT

After launching in PEI and Newfoundland in January, Willful now serves all 10 provinces. Read more ›

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A|I: The AI Times – Canadian pension manager to co-lead deal valuing Cohere at $5 billion

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Alex Riehl @ BetaKit · 04/03/2024 04:59 EDT

Plus: Feds broaden foreign investment scrutiny; Why Apple bought DarwinAI. Read more ›

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BeniPlus secures $1.1 million to simplify employee benefits

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Alex Riehl @ BetaKit · 04/02/2024 16:41 EDT

BeniPlus offers a wallet system for employees to allocate benefits depending on their needs. Read more ›

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Cohere’s Aidan Gomez talks scaling AI for enterprise, Vinod Khosla explores risk-taking at CIX Summit 2024

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Isabelle Kirkwood @ BetaKit · 04/02/2024 16:33 EDT

Opening night covered AI adoption, risk-taking in venture capital, and bipedal robots. Read more ›

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Feds, Québec commit $16 million to create an AI computing cluster in Laval

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Alex Riehl @ BetaKit · 04/02/2024 13:54 EDT

The funding follows recent calls to increase Canada’s AI computing power. Read more ›

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Recon Instruments founder unveils new AR swim goggles

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Isabelle Kirkwood @ BetaKit · 04/02/2024 10:00 EDT

Form’s Smart Swim 2 features heart rate monitor, digital compass. Read more ›

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S|W: The SaaS Weekly – Peek inside Canva’s battle plan against Adobe

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Alex Riehl @ BetaKit 2 place · 04/02/2024 05:00 EDT

Plus: Ontario school boards sue social media giants for $4.5B. Read more ›

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Helika launches $50-million accelerator for Web3 and traditional gaming studios

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Alex Riehl @ BetaKit 3 place · 04/01/2024 14:04 EDT

Helika secured $10.8 million CAD in Series A funding last month. Read more ›

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Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal

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Josh Scott @ BetaKit · 04/01/2024 13:56 EDT

Nuvei will become the latest in string of publicly traded Canadian tech companies to go private. Read more ›

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Carbonova secures $6 million to turn GHGs into carbon nanofibres

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Josh Scott @ BetaKit 3 place · 04/01/2024 06:00 EDT

Alberta firm fuels up to expand its commercial production capabilities. Read more ›

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F|T: The FinTech Times – Sam Bankman-Fried gets 25 years

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Alex Riehl @ BetaKit · 04/01/2024 05:30 EDT

Plus: MOGO backs KAOS in WonderFi boardroom battle. Read more ›

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Why Dax Dasilva thinks about taking Lightspeed private

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Bianca Bharti @ BetaKit 1 place · 04/01/2024 05:00 EDT

Plus: Notman House is for sale. A startup-led effort wants to buy it back. Read more ›

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Can video games teach kids math?

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Douglas Soltys @ BetaKit · 03/31/2024 18:01 EDT

Serial founder Steven Woods on using video games as an educational tool, and avoiding venture capital. Read more ›

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These B2B software companies are hiring in Canada

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Isabelle Kirkwood @ BetaKit 1 place · 03/28/2024 15:21 EDT

Visier, ShyftLabs, Autodesk are all looking to beef up their Canadian teams. Read more ›

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WonderFi responds as shareholders Kaos Capital, Mogo push for board overhaul

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Josh Scott @ BetaKit 1 place · 03/28/2024 11:57 EDT

Kaos and Mogo want board changes. WonderFi claims Mogo wants control without paying a premium. Read more ›

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Tofu nets $1.2 million to fast-track hiring for tech startups

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Josh Scott @ BetaKit 1 place · 03/28/2024 06:00 EDT

Company’s backers include Night Capital, Garage Capital, Wayfinder Ventures, Ritual Capital. Read more ›

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