News from BetaKit

Michelle Scarborough explains why BDC is thinking bigger with Thrive Platform

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Douglas Soltys @ BetaKit · 03/26/2023 18:36 EDT

In late September, at a private BDC event taking place during Elevate—the same day the Crown Corporation announced its new Thrive Platform—Michelle Scarborough told a story of going to Isabelle Hudon and asking for a $200 million re-up of BDC’s Women In Technology Venture Fund. The response she received from BDC’s recently named CEO and President? “Think bigger.” “We’re seeing way more women found new technology companies in the market... Read more ›

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Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify

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Josh Scott @ BetaKit 1 place · 03/24/2023 17:08 EDT

Amid downturn, e-commerce slowdown, Rewind targets breakeven. Read more ›

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Alberta Innovates invests $30 million into Alberta Machine Intelligence Institute to spur research

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Charles Mandel @ BetaKit 1 place · 03/24/2023 16:47 EDT

New funding will attract investment and create jobs, says innovation minister. Read more ›

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Backed by Mark Cuban-led $2.4 million round, TransCrypts uses blockchain to help Ukrainian refugees access health records securely

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Charlize Alcaraz @ BetaKit 3 place · 03/24/2023 12:49 EDT

TransCrypts is also expanding to help those impacted by earthquakes in Turkey. Read more ›

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Mercator AI raises $5.1 million CAD as it develops early project detection tool for construction

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Charlize Alcaraz @ BetaKit 2 place · 03/24/2023 06:00 EDT

Mercator helps business developers find leads in construction projects faster using AI. Read more ›

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H|T: The Healthtech Times – Google is flexing its health care AI muscle

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Alex Riehl @ BetaKit · 03/24/2023 05:05 EDT

Plus: PointClickCare acquires Patient Pattern. Read more ›

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R|T: The Retail Times – SkipTheDishes gets a new CEO…again

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Alex Riehl @ BetaKit 1 place · 03/24/2023 05:00 EDT

Plus: Sobeys pays more than expected for cyber-breach. Read more ›

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Magnet Forensics shareholders approve $1.8 billion Thoma Bravo acquisition as campaign against deal proves unsuccessful

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Josh Scott @ BetaKit · 03/23/2023 16:40 EDT

Despite vote, dissenting shareholder says “this is not the end of the road for us.” Read more ›

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Québec budget aimed at stimulating the economy with investments in tech sectors, skilled labour

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Olivia Collette @ BetaKit 3 place · 03/23/2023 12:18 EDT

Cleantech, FinTech, AI, and quantum sciences are getting attention. Read more ›

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Shopify enterprise merchants can now use Google’s AI tools to improve searchability

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Charlize Alcaraz @ BetaKit 2 place · 03/23/2023 09:00 EDT

Google Cloud’s integration increases access to Google’s search and browsing technologies. Read more ›

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A|I: The AI Times – OpenAI unveils GPT-4 as Google-backed Anthropic launches Claude

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Alex Riehl @ BetaKit 1 place · 03/23/2023 05:00 EDT

Plus: How did Siri, Google, and Alexa lose their lead? Read more ›

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Vertu Capital closes first private equity fund with over $300 million

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Josh Scott @ BetaKit 3 place · 03/22/2023 16:31 EDT

Led by ex-OMERS veteran Lisa Melchior, Vertu is Canada’s first woman-founded PE firm. Read more ›

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Evol receives nearly $10 million from Canadian Economic Development to support diverse Québec entrepreneurs

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Ryan O'Connor @ BetaKit 3 place · 03/22/2023 13:23 EDT

Diverse businesses are 70 percent more likely to break into new markets. Read more ›

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Noze receives $1 million grant from Bill & Melinda Gates Foundation to build TB- and malaria-detecting breathalyzer

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Olivia Collette @ BetaKit · 03/22/2023 11:55 EDT

The startup’s digital odour perception platform was used during the COVID-19 pandemic. Read more ›

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Symend reduces team by 25 percent in restructuring, four months after $54 million round

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Josh Scott @ BetaKit · 03/22/2023 11:45 EDT

Latest cuts come after Symend laid off 13 percent of staff late last year. Read more ›

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Mila, UNESCO warn against use of AI in “harmful contexts” in joint book on AI governance

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Charlize Alcaraz @ BetaKit · 03/22/2023 06:00 EDT

Joint book addresses lack of accountability, transparency in AI training models. Read more ›

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S|W: The SaaS Weekly – Magnet Forensics proxy advisors split on takeover

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Alex Riehl @ BetaKit 2 place · 03/22/2023 05:00 EDT

Is Meta slowing down on Canadian hires post-layoffs? Read more ›

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Canada Drives undergoing restructuring as it files for creditor protection

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Charlize Alcaraz @ BetaKit · 03/21/2023 17:24 EDT

“The rising costs of holding inventory…has made this specific business model no longer viable.” Read more ›

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Haply Robotics secures $4.8 million CAD seed round to develop tactile tech used for surgical training, gaming

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Olivia Collette @ BetaKit · 03/21/2023 14:20 EDT

Funds will go towards fine-tuning Haply’s Inverse3 device. Read more ›

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BBTV among 10 BC orgs receiving total $25.7 million from PacifiCan to help job retention amid tech layoffs

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Charlize Alcaraz @ BetaKit · 03/21/2023 14:00 EDT

Over 500 jobs are expected to be created from the investment. Read more ›

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