News from BetaKit

Despite strong 2022 for cleantech, EDC report finds Canada lags peers on R&D spending, funding, converting startups to scaleups

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Josh Scott @ BetaKit 1 place · 10/20/2023 14:45 EDT

VC investment in Canadian cleantech jumped 63 percent in 2022 despite a tough economic climate. Read more ›

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Blockchain payments firm Ripple is hiring software engineers in Canada

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Alex Riehl @ BetaKit 1 place · 10/20/2023 14:19 EDT

The San Francisco-based company is looking for software engineers in its Toronto office. Read more ›

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Canadian Council for Aboriginal Business receives $500,000 in federal funding to address barriers for Indigenous entrepreneurs

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Alex Riehl @ BetaKit 1 place · 10/20/2023 13:34 EDT

The new funding will help the CCAB promote the federal government's 50-30 challenge. Read more ›

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Traffic management startup Miovision closes $36-million CAD, bringing latest round to $296 million

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Charles Mandel @ BetaKit 3 place · 10/20/2023 06:02 EDT

Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth. 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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