News from BetaKit

Fading 2023 VC performance underscores Canadian tech market’s “vulnerability,” BDC reports

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Josh Scott @ BetaKit 3 place · 05/28/2024 06:00 EDT

Down rounds rose from seven percent in 2022 to 31 percent last year. Read more ›

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S|W: The SaaS Weekly – Newfoundland’s CoLab to go on hiring spree with Series B funding

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Alex Riehl @ BetaKit · 05/28/2024 05:00 EDT

Plus: Thinkific has too much cash. That’s a real problem. Read more ›

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CIFAR, CABHI among recipients of more than $850 million in federal science and research funding

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Alex Riehl @ BetaKit · 05/27/2024 16:36 EDT

Two dozen third-party science and research organizations are being backed by the new Strategic Science Fund. Read more ›

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Artemis closes $2 million CAD to improve data quality for analytics and AI

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Josh Scott @ BetaKit 2 place · 05/27/2024 06:00 EDT

Indigenous-led Vancouver startup aims to automate data cleanup with AI agents. Read more ›

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F|T: The FinTech Times – Bench and Shopify alumni get $11M to launch “Stripe for accounting”

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Alex Riehl @ BetaKit 3 place · 05/27/2024 05:15 EDT

Plus: Neo Financial credit products will now report to Equifax. Read more ›

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Google has a glue problem

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Bianca Bharti @ BetaKit · 05/27/2024 05:00 EDT

Plus: Xanadu wants another $200 million. Read more ›

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Xanadu’s Christian Weedbrook is raising another $200 million to build a quantum data centre

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Douglas Soltys @ BetaKit 1 place · 05/24/2024 16:07 EDT

Recently on The BetaKit Podcast, we spoke with a German immigrant who has been fairly critical of Canada’s approach to innovation; he asked specifically for more courage and ambition.  Today, we’re speaking with the Australian immigrant behind Canada’s quantum unicorn, Xanadu. His take? The vibes are good! “We’ve been offered or at least suggested, ‘Why don’t you move your headquarters to the US?’ The only way we’ll move our headquarters... Read more ›

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Amii secures $3 million from PrairiesCan to fuel AI adoption in the Prairies

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Alex Riehl @ BetaKit 2 place · 05/24/2024 15:53 EDT

Alberta AI hub aims to give SMBs tools and knowledge to leverage AI. Read more ›

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Major skills shortage looming in cybersecurity, AI

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Josh Scott @ BetaKit 2 place · 05/24/2024 11:32 EDT

Reskilling in emerging fields can help those impacted by recent layoffs. Read more ›

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Startupfest shares full schedule for 2024 tech festival

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Josh Scott @ BetaKit 2 place · 05/24/2024 06:00 EDT

Speakers include leaders from Shopify, Paper, BDC, Disco, Brightspark, BetaKit, and more. Read more ›

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DIGITAL invests $10.5 million across four AI projects from healthtech startups

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Alex Riehl @ BetaKit · 05/24/2024 06:00 EDT

Projects from Swift Medical, RxPx, Gotcare, and AlayaCare carry a collective $26-million value. Read more ›

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H|T: The Healthtech Times – Uber Health rolling out caregiving solution in US

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Alex Riehl @ BetaKit · 05/24/2024 05:03 EDT

Plus: CloudMD to go private after acquisition spree dries liquidity. Read more ›

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R|T: The Retail Times – The Shopify exec paid more than Tobi Lütke and Harley Finkelstein

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Alex Riehl @ BetaKit · 05/24/2024 04:57 EDT

Plus: Lightspeed’s Dax Dasilva sheds interim label from CEO title and puts EBITDA in the green. Read more ›

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US court overturns $40-million USD patent infringement verdict against Shopify

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Josh Scott @ BetaKit · 05/23/2024 16:19 EDT

Shopify calls the judgment “a significant victory in the battle against patent trolls.” Read more ›

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Federal government invests $2.5 million in Co.Labs to maintain Uniting the Prairies

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Alex Riehl @ BetaKit · 05/23/2024 13:23 EDT

The funding will help stage the Uniting the Prairies conference for the next three years. Read more ›

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Daniel Vranesic of TXIO is on a mission to improve personal finance

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Isabelle Kirkwood @ BetaKit 2 place · 05/23/2024 07:00 EDT

The Neontra app offers a foundation for financial wellness. Read more ›

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Forma.ai’s first acquisition nets fellow Toronto sales software startup SeaMonster

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Josh Scott @ BetaKit 3 place · 05/23/2024 06:00 EDT

With SeaMonster, Forma.ai aims to help companies provide activity-based sales incentives. Read more ›

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A|I: The AI Times – AI is jeopardizing Microsoft’s climate goals

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Alex Riehl @ BetaKit · 05/23/2024 05:00 EDT

Plus: OpenAI hemorrhages safety-conscious leaders, including Canadian Ilya Sutskever. Read more ›

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Conexus Venture Capital launches its second $30-million fund to back Saskatchewan tech startups

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Josh Scott @ BetaKit 3 place · 05/22/2024 20:30 EDT

Conexus Credit Union reaffirms commitment to local VC with another $15-million investment. Read more ›

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Busbud acquires South African revenue management platform Ratality

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Alex Riehl @ BetaKit · 05/22/2024 15:24 EDT

The acquisition adds demand forecasting, dynamic pricing, and fleet management features to Busbud’s platform. Read more ›

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