News from BetaKit

Canada losing its appeal to Indian tech workers following diplomatic tensions, affordability challenges

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Jared Lindzon @ BetaKit 2 place · 10/19/2023 06:00 EDT

Nearly half of the 32,000 tech workers who moved to Canada between April of 2022 and March of 2023 originated from India. Read more ›

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R|T: The Retail Times – Inside the chaos of New York’s Airbnb ban

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Alex Riehl @ BetaKit 3 place · 10/19/2023 05:00 EDT

Plus: Flexport continues weekly cuts with 20 percent workforce reduction. Read more ›

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Struggling, TSX-listed BBTV announces plan to become a private company

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Josh Scott @ BetaKit · 10/18/2023 17:24 EDT

BBTV founder and CEO, Well Health CEO to privatize Vancouver firm. Read more ›

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University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup

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Alex Riehl @ BetaKit · 10/18/2023 16:31 EDT

The university plans to reinvest returns from the donor-fuelled fund into “future innovations.” Read more ›

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With new funding, Astrus has secured $3.6 million CAD to date for its AI microchip design offering

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Alex Riehl @ BetaKit 2 place · 10/18/2023 15:01 EDT

Astrus wants to cut down the time-consuming analog microchip design process. Read more ›

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Restaurant software startup Snappy secures $7-million Series A round

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Isabelle Kirkwood @ BetaKit · 10/18/2023 06:02 EDT

As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured market.” Read more ›

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Conexus, Emmertech alum Sean O’Connor joins TechBrew Robotics as CEO

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Josh Scott @ BetaKit 3 place · 10/18/2023 06:00 EDT

TechBrew is an Emmertech portfolio firm that builds mushroom-pickling robots. Read more ›

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A|I: The AI Times – OpenAI passes $1.3B annualized revenue while Big Tech struggles to turn AI hype into profits

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Alex Riehl @ BetaKit · 10/18/2023 05:00 EDT

Plus: Canadian quantum group appoints its first CEO. Read more ›

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Federal government commits $2.7 million to new education project through Women Entrepreneurship Strategy Ecosystem Fund

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Alex Riehl @ BetaKit · 10/17/2023 14:11 EDT

FAIR.E, launched this week, will provide entrepreneurship education programs to 1,800 women in six provinces. Read more ›

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Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform

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Josh Scott @ BetaKit 3 place · 10/17/2023 14:05 EDT

Ten Coves Capital, EDC join existing backers Information VP, HarbourVest. Read more ›

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Hiive secures $5.7-million CAD Series A to improve VC secondary trading

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Josh Scott @ BetaKit · 10/17/2023 11:00 EDT

Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform. Read more ›

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Federal government launches consultation on AI’s copyright implications as privacy watchdog seeks input on new biometrics guidance

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Josh Scott @ BetaKit 2 place · 10/17/2023 06:00 EDT

Consultations come as Canadian authorities explore how to regulate emerging technologies. Read more ›

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S|W: The SaaS Weekly – Atlassian to buy video messaging provider Loom for nearly $1 billion

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Alex Riehl @ BetaKit · 10/17/2023 05:00 EDT

Plus: Vendasta closes $20M in new funding following layoffs. Read more ›

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CANImmunize, PharmaGuide, Wave View Imaging named to inaugural cohort of Pfizer Canada’s Healthcare Hub

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Alex Riehl @ BetaKit · 10/16/2023 16:50 EDT

Pfizer Canada is earmarking $1.4 million in in-kind support and donations for the three companies as part of the program. Read more ›

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Cycle Momentum receives $22.25 million in provincial backing, launches matching cleantech funding program

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Charles Mandel @ BetaKit 2 place · 10/16/2023 12:18 EDT

Origo will offer Québec-based pre-seed and seed-stage startups with $150,000 CAD in funding. Read more ›

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Ripple Ventures plants flag in Vancouver as firm envisions “coast-to-coast” Fund III

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Isabelle Kirkwood @ BetaKit 3 place · 10/16/2023 06:01 EDT

With Fund III backed by RBCx and VCCI, Ripple Ventures plans to hold final close by year's end. Read more ›

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F|T: The FinTech Times – Consumer payments startup Braid shuts down, Goldman Sachs drops BNPL

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Alex Riehl @ BetaKit 3 place · 10/16/2023 05:30 EDT

Plus: Ten Key Labs secures $10.5 million, launches AI equity management tool for founders. Read more ›

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First VCCI inclusive growth stream recipients get funding as Quantum Industry Canada appoints first-ever CEO

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Alex Riehl @ BetaKit · 10/16/2023 05:00 EDT

Plus: Exploring the forgotten history of Canadian venture capital. Read more ›

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Exploring the forgotten history of Canadian venture capital

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Douglas Soltys @ BetaKit · 10/15/2023 18:28 EDT

CMD Capital’s Matt Roberts investigates the curious case of the missing Canadian dotcom crash. Read more ›

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Neo Financial, Jobber, WaitWell among winners of sixth annual Start Alberta Tech Awards

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Alex Riehl @ BetaKit 1 place · 10/13/2023 14:23 EDT

Neo Financial was recognized as scaleup of the year while Jobber was awarded for its $100 million Series D. Read more ›

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