News from BetaKit

A|I: The AI Times – OpenAI debuts Sora, a hyper-realistic text-to-video generator

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Alex Riehl @ BetaKit 3 place · 02/22/2024 05:00 EDT

Plus: How Vector Institute is reversing Canada’s AI brain drain. Read more ›

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Y Combinator and Yoshua Bengio-backed Armilla AI secures $6 million CAD in new funding

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Alex Riehl @ BetaKit · 02/21/2024 15:59 EDT

Armilla says its AI model warranty could have covered Air Canada’s chatbot snafu. Read more ›

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BEKH, Volta and Tribe launch new initiatives to support Black Canadian founders

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Isabelle Kirkwood @ BetaKit 2 place · 02/21/2024 06:05 EDT

Both initiatives look to address the unique, systemic barriers facing Black entrepreneurs. Read more ›

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S|W: The SaaS Weekly – Prodigy’s got a new plan, a new CFO, and a leaner team to boost growth

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Alex Riehl @ BetaKit 3 place · 02/21/2024 05:00 EDT

Plus: It’s getting (slightly) easier to sell software. Read more ›

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1Password acquires Boston-based device security platform Kolide

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Alex Riehl @ BetaKit 2 place · 02/20/2024 15:17 EDT

Following the deal, CEO Jeff Shiner said 1Password expects to add 250 new positions in 2024. Read more ›

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Levr.ai closes $1-million seed round for AI-powered loan platform for small businesses

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Isabelle Kirkwood @ BetaKit 2 place · 02/20/2024 08:30 EDT

Startup serves companies that “big banks struggle to service and tech startups often ignore.” Read more ›

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Round13 Digital Asset Fund claims over 40 percent gains despite tough crypto market

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Josh Scott @ BetaKit 2 place · 02/20/2024 06:30 EDT

Toronto fund says mix of digital assets, crypto VC has fuelled strong early returns. Read more ›

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F|T: The FinTech Times – Float expands with $50M debt financing from SVB

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Alex Riehl @ BetaKit · 02/20/2024 05:30 EDT

Plus: What a crumbling Brex says about the FinTech sector. Read more ›

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Love troubles? There’s an AI chatbot for that.

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Bianca Bharti @ BetaKit 2 place · 02/20/2024 05:00 EDT

Plus: #CDNtech startups pivot and refocus in 2024. Read more ›

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Think Research to be acquired by lender Beedie Capital

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Isabelle Kirkwood @ BetaKit 1 place · 02/16/2024 16:45 EDT

The deal offers “the best available path forward” for the healthtech firm. Read more ›

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Can this FinTech startup become Canada’s next bank?

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Douglas Soltys @ BetaKit 2 place · 02/16/2024 16:04 EDT

CEO Daniel Eberhard explains why Koho is going from challenger bank to actual bank. Read more ›

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Maple VC co-leads $4-million seed round for Canadian-led Inference.ai

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Isabelle Kirkwood @ BetaKit 1 place · 02/16/2024 07:00 EDT

Palo Alto-based startup is the latest to receive investment from Maple VC. Read more ›

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York Region commits $1 million to support international, women entrepreneurs

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Isabelle Kirkwood @ BetaKit 1 place · 02/16/2024 06:20 EDT

Project JumpSTART aims to create a soft landing for tech entrepreneurs in the York Region. Read more ›

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These aerospace and defense companies are hiring in Canada

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Isabelle Kirkwood @ BetaKit 3 place · 02/16/2024 05:30 EDT

Thales, Allen Vanguard seeking Canadian talent to take them to new heights. Read more ›

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H|T: The Healthtech Times – Beleaguered 23andMe weighs splitting

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Alex Riehl @ BetaKit · 02/16/2024 05:00 EDT

Plus: Amazon makes cuts in healthcare units. Read more ›

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ZayZoon, Symend, Peggy named to CIX’s top early-stage, growth startup lists

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Alex Riehl @ BetaKit · 02/15/2024 14:28 EDT

This is the first edition of the lists since Elevate acquired CIX in September 2023. Read more ›

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Supply chain software company Nulogy receives strategic backing from US private equity firm Rubicon

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Isabelle Kirkwood @ BetaKit 2 place · 02/15/2024 10:30 EDT

With Rubicon’s experience and more cash on hand, Nulogy is exploring new ways to scale. Read more ›

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Lightspeed founder Dax Dasilva returns as interim CEO, replacing JP Chauvet

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Josh Scott @ BetaKit 3 place · 02/15/2024 09:58 EDT

Despite recently beating its fiscal Q3 targets, Lightspeed’s shares have still fallen. Read more ›

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Mining tech company GeologicAI acquires consultancy Resource Modeling Solutions

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Bianca Bharti @ BetaKit 3 place · 02/15/2024 06:00 EDT

GeologicAI has developed “robot geologists” for the mining sector. Read more ›

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R|T: The Retail Times – Shein seeks China’s green light to IPO

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Alex Riehl @ BetaKit 3 place · 02/15/2024 05:00 EDT

Plus: Shares drop after Lightspeed beats Q3 guidance and Shopify hikes prices. Read more ›

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