News from BetaKit

Canada won’t pursue national semiconductor strategy, AI minister says

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Alex Riehl @ BetaKit 1 place · 05/08/2026 13:41 EDT

Canada is the only G7 country without a standalone strategy. Industry groups are urging action. Read more ›

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H|T: The Healthtech Times – AI takeover: predictive pitfall or “medicine’s biggest moment” since antibiotics?

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Alex Riehl @ BetaKit 2 place · 10/20/2023 05:00 EDT

Plus: Quebec City-based OpSens acquired by US firm in $345M deal. Read more ›

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Workplace investigation platform Case IQ acquires hotline service Whistleblower Security

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Alex Riehl @ BetaKit · 10/19/2023 16:10 EDT

Case IQ sees telephone hotlines as a “crucial” element of case management intake. Read more ›

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“Cooler financing environment” leads StellarAlgo to restructure and make layoffs

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Josh Scott @ BetaKit · 10/19/2023 15:07 EDT

Twenty-one employees laid off could represent nearly one quarter of Calgary startup’s headcount. Read more ›

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What Allen Lau learned from Wattpad’s $754-million acquisition

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Isabelle Kirkwood @ BetaKit · 10/19/2023 14:09 EDT

Co-founder shares M&A insights ahead of TechExit appearance on October 25. Read more ›

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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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