News from BetaKit

Cohere secures federal backing to build multibillion-dollar Canadian AI data centre

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Josh Scott @ BetaKit · 12/06/2024 15:16 EDT

This marks the first investment through the new Canadian Sovereign AI Compute Strategy. Read more ›

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Mississauga’s rising entrepreneurs are cleaning water, transforming legal services, and making robot EV chargers

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Jacqueline Loganathan @ BetaKit 2 place · 12/06/2024 07:00 EDT

Sauga Startup Showcase recognizes promising startups. Read more ›

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KisoJi raises $57-million CAD Series B to advance antibody cancer therapy

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Madison McLauchlan @ BetaKit · 12/06/2024 06:00 EDT

Montréal-based biotech company using AI to boost antibody identification platform. Read more ›

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Federal government outlines $2 billion in AI compute spending commitment

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Josh Scott @ BetaKit 3 place · 12/05/2024 09:47 EDT

Strategy includes $1 billion for public computing infrastructure, $700 million for AI data centres, and $300 million for SMBs. Read more ›

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Trexo Robotics has helped people with disabilities take 100 million steps

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Alex Riehl @ BetaKit 2 place · 12/05/2024 06:00 EDT

Device is meant to assist those with cerebral palsy and other leg mobility-affecting conditions. Read more ›

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Musical AI partners with India’s Beatoven.ai to create “fully licensed” AI song generator

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Josh Scott @ BetaKit 3 place · 12/04/2024 15:58 EDT

Music tech startups join forces to help create songs and compensate IP holders with AI. Read more ›

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BDC launches program to help businesses access financing to adopt AI

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Alex Riehl @ BetaKit · 12/04/2024 14:31 EDT

Program includes cybersecurity assessment and workflow automation assistance. Read more ›

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BDC launches program to help small businesses access financing to adopt AI

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Alex Riehl @ BetaKit · 12/04/2024 14:31 EDT

Program includes cybersecurity assessment and workflow automation assistance. Read more ›

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Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec

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Madison McLauchlan @ BetaKit · 12/04/2024 12:29 EDT

STRX looking to close $70-million CAD convertible note financing round before end of year. Read more ›

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Markets change. Venture debt doesn’t have to.

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Isabelle Kirkwood @ BetaKit · 12/04/2024 10:00 EDT

CIBC Innovation Banking’s Amy Olah on why venture debt stays steady, even when markets don’t. Read more ›

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Lessons from Wattpad’s $754-million exit

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Isabelle Kirkwood @ BetaKit · 12/04/2024 07:00 EDT

Eva Lau wants you to avoid the obvious. Read more ›

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BC Securities Commission fines ezBtc owner $18.4 million over crypto fraud

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Alex Riehl @ BetaKit · 12/03/2024 15:24 EDT

CBSC previously found crypto platform had diverted one-third of customer deposits to personal accounts. Read more ›

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Canada Post strike didn’t slow Shopify’s record-breaking BFCM weekend

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Alex Riehl @ BetaKit 1 place · 12/03/2024 13:31 EDT

Shopify merchants drove $11.5 billion USD in sales over the weekend, eclipsing last year by more than $2 billion. Read more ›

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Stability and speed: Mastercard’s partnership with Koho

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Isabelle Kirkwood @ BetaKit 3 place · 12/03/2024 07:00 EDT

How a FinTech startup migrated towards the future of banking. Read more ›

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Online brokerage Questrade lays off undisclosed number of employees

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Alex Riehl @ BetaKit · 12/02/2024 17:03 EDT

Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it. Read more ›

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AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation

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Josh Scott @ BetaKit · 12/02/2024 16:57 EDT

Samsung, Bezos-backed financing comes after the firm quietly relocated to the US. Read more ›

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British Columbia deploys combined $9.2 million into projects tackling climate, nutrition, health and more

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Isabelle Kirkwood @ BetaKit · 12/02/2024 15:23 EDT

Funding recipients include Ekona Power, Wildfire Robotics, and Ideon Technologies. Read more ›

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Lightspeed lays off 200 employees in second restructuring of the year

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Alex Riehl @ BetaKit · 12/02/2024 14:03 EDT

Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days. Read more ›

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The one role companies are struggling to fill

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Jacqueline Loganathan @ BetaKit 1 place · 12/02/2024 07:00 EDT

Digital Marketing Sector Council report encourages employers to recognize certifications to expand the talent pool. Read more ›

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Why Hopper might be the next Canadian tech company to play the secondary game

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Josh Scott @ BetaKit · 12/02/2024 05:00 EDT

Plus: Canada sues Big Tech. Read more ›

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