News from BetaKit

Spark Microsystems raises $34 million to meet chip demand amid supply crunch

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Charlize Alcaraz @ BetaKit 2 place · 03/16/2023 11:47 EDT

Spark aims to accelerate product development amid chip shortages and demand fluctuations. Read more ›

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R|T: The Retail Times – Amazon’s belt-tightening is causing concerns

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Alex Riehl @ BetaKit 1 place · 03/16/2023 05:00 EDT

Plus: Uber rumoured to spin off freight division. Read more ›

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Regulators force Silicon Valley Bank Canada into liquidation, paving way for auction

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Meagan Simpson @ BetaKit 2 place · 03/15/2023 14:21 EDT

Canadian regulators have now moved to wind up SVB Canada’s operations after taking over temporary control of it earlier this week. The wind-up is a court order that forces the Canadian branch of SVB into liquidation. The order was approved on Wednesday after The Office of the Superintendent of Financial Institutions Canada (OFSI) took over permanent control of SVB Canada. The order allows for an auction process of SVB Canada... Read more ›

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Canadian tech calls on feds to inject more liquidity into sector over concerns of SVB-caused “full-blown crisis”

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Josh Scott @ BetaKit · 03/15/2023 12:04 EDT

Letter asks Government of Canada to extend bridge financing program, guarantee secured loans on SVB deposits. Read more ›

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Policy Talks: Canadian policy leaders meet in person to talk remote work

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Ian Hartlen @ BetaKit 2 place · 03/15/2023 06:00 EDT

New panel series kicks off with lively discussion on the current state of work. Read more ›

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S|W: The SaaS Weekly – Qualtrics shopping for a private offer

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Alex Riehl @ BetaKit 3 place · 03/15/2023 05:00 EDT

Plus: How the Silicon Valley Bank shutdown might impact Canadian tech. Read more ›

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Ontario proposes new regulations to tighten rules around mass layoffs

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Charlize Alcaraz @ BetaKit · 03/14/2023 16:53 EDT

Remote employees are not currently entitled to same advance notice as office workers. Read more ›

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Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans

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Josh Scott @ BetaKit · 03/14/2023 14:28 EDT

Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November. Read more ›

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Applications now open for the 2023 New Ventures BC Competition

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Ryan O'Connor @ BetaKit 1 place · 03/14/2023 13:50 EDT

Participants stand to win over $250,000 in prizes. Read more ›

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Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend

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Isabelle Kirkwood @ BetaKit 2 place · 03/14/2023 06:02 EDT

Alberta and Québec investment increased by 89 percent and 21 percent, respectively. Read more ›

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F|T: The FinTech Times – Stripe looks to raise another $6 billion

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Alex Riehl @ BetaKit 3 place · 03/14/2023 05:00 EDT

Plus: How the Silicon Valley Bank shutdown might impact Canadian tech. Read more ›

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As Canadian regulators take over SVB, Canadian companies still have questions about impact

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Charles Mandel @ BetaKit · 03/13/2023 13:54 EDT

CCI estimates low risk for the majority of Canadian companies. Read more ›

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BDC appoints Sévrine Labelle as head of $100 million Thrive Lab for women entrepreneurs

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Meagan Simpson @ BetaKit 1 place · 03/13/2023 07:29 EDT

Thrive Lab is set to launch this spring. Read more ›

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Canadian startup news of the week (3/12/23)

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Alex Riehl @ BetaKit 1 place · 03/13/2023 05:00 EDT

Plus: Ten things worth reading on International Women’s Day. Read more ›

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Dan Breznitz unmuzzled: Canada Innovation Corporation architect explains how we got here

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Douglas Soltys @ BetaKit 1 place · 03/11/2023 16:35 EDT

What the CIC is missing, who might make a good CEO, and why the Crown corp. comes with carrots and sticks. Read more ›

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CAN Health Network to serve all of Canada with Québec, northern territories expansion

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Charlize Alcaraz @ BetaKit 1 place · 03/10/2023 13:13 EDT

The initiative secured $30 million in federal funding for the expansion. Read more ›

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How Silicon Valley Bank shutdown might impact Canadian tech

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Meagan Simpson @ BetaKit 1 place · 03/10/2023 12:43 EDT

The SVB run is done. What comes next? Read more ›

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Sanctuary marks first commercial test of “human-like” robots in Mark’s clothing store

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Charlize Alcaraz @ BetaKit 2 place · 03/10/2023 06:00 EDT

The robot can pick and pack merchandise, fold, and label items among other tasks. Read more ›

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H|T: The Healthtech Times – AstraZeneca announces big Canadian expansion, hiring plans

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Alex Riehl @ BetaKit · 03/10/2023 05:00 EDT

Plus: BetterHelp barred by FTC from sharing data with Facebook. Read more ›

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A|I: The AI Times – OpenAI is now everything it promised not to be

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Alex Riehl @ BetaKit 3 place · 03/10/2023 05:00 EDT

Plus: Who's actually getting rich off of AI? Read more ›

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