News from BetaKit

One chart that will make you feel good about Canadian tech

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Douglas Soltys @ BetaKit 1 place · 11/18/2024 05:00 EDT

Plus: Neo’s backers, Wealthsimple’s value, and Shopify’s concerns. Read more ›

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Startups SensaloTech, OroraTech look to mitigate wildfires with early detection services

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Charles Mandel @ BetaKit 1 place · 05/12/2023 14:10 EDT

Canadian wildfires cost more than $1 billion annually. Read more ›

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Mysa acquires United States smart thermostat company as it expands into commercial heating

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Meagan Simpson @ BetaKit 2 place · 05/12/2023 12:56 EDT

Mysa, a smart-thermostat company based in St. John’s, Nfld., has acquired the intellectual property of United States smart thermostat firm Zen Ecosystems. This purchase moves Mysa beyond thermostats for people’s homes and into the commercial market. Canada is one of the largest consumers of electricity per person in the world. This is Mysa’s first acquisition since it was launched in 2016. The startup shipped its first smart thermostats in 2018.... Read more ›

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Koïos Intelligence raises $6.5 million to expand conversational AI assistant for insurance brokers

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Charlize Alcaraz @ BetaKit 1 place · 05/12/2023 11:00 EDT

Koïos claims its AI assistant achieves a 30 percent shorter waiting time than call centres. Read more ›

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“A new bottom”: Toronto and Waterloo Region venture funding fell short in first quarter of 2023

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Isabelle Kirkwood @ BetaKit 2 place · 05/12/2023 06:02 EDT

Toronto’s venture funding dropped 94 percent year-over-year. Read more ›

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H|T: The Healthtech Times – Telehealth giant Amwell posts nearly $400M loss in Q1

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Alex Riehl @ BetaKit 1 place · 05/12/2023 05:00 EDT

Plus: Peloton shares plunge after company reports wider-than-expected loss. Read more ›

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F|T: The FinTech Times – Diagram Ventures adds $100M onto its FinTech bet

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Alex Riehl @ BetaKit 2 place · 05/12/2023 05:00 EDT

Plus: Shopify backs Nigeria-based FinTech Nomba. Read more ›

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BDC, Vanedge invest in semiconductor startup Bonsai Micro to create advanced wireless networks

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Meagan Simpson @ BetaKit · 05/11/2023 15:09 EDT

Bonsai Micro’s co-founders come from notable BC semiconductor company PMC-Sierra. Read more ›

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OneEleven head Matthew Lombardi stepping down

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Charlize Alcaraz @ BetaKit · 05/11/2023 14:31 EDT

After its 2020 closure, Lombardi led OneEleven through its revival. Read more ›

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Ontario innovation consortium SOSCIP shuts down as three-year federal funding ends

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Charlize Alcaraz @ BetaKit · 05/11/2023 12:23 EDT

SOSCIP helped researchers access advanced computing platforms and technical expertise. Read more ›

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Attabotics sues Canadian Tire over warehouse fire

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Charles Mandel @ BetaKit · 05/11/2023 12:19 EDT

Robotics supply chain startup alleges damages including loss of business opportunities. Read more ›

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BC venture deal volume reached a three-year low in first quarter of 2023

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Isabelle Kirkwood @ BetaKit · 05/11/2023 06:02 EDT

Startups in BC raised $95.1 million through nine deals in Q1 2023. Read more ›

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S|W: The SaaS Weekly – 1Password’s CEO responds to Google’s “tipping point”

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Alex Riehl @ BetaKit · 05/11/2023 05:00 EDT

Plus: Will BlackBerry make it to the BlackBerry movie release? Read more ›

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Hopper to power Uber’s expansion into flight bookings

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Charlize Alcaraz @ BetaKit · 05/10/2023 16:56 EDT

“Flights on Uber” will be available to UK users this summer. Read more ›

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D2L acquires Connected Shopping to let clients sell online courses

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Charlize Alcaraz @ BetaKit · 05/10/2023 15:37 EDT

The acquisition signals D2L’s ongoing expansion into e-commerce. Read more ›

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Float launches new corporate card as it experiences growth in economic downturn

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Charlize Alcaraz @ BetaKit · 05/10/2023 13:57 EDT

How a Toronto FinTech startup says it stays afloat as others struggle. Read more ›

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Inflation blamed for decline in mental health of Canadian founders in the last year

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Charlize Alcaraz @ BetaKit 2 place · 05/10/2023 06:00 EDT

BDC report maps impact of the economic downturn on entrepreneurs’ mental health. Read more ›

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A|I: The AI Times – Geoffrey Hinton issues warning, Cohere is soaring

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Alex Riehl @ BetaKit 2 place · 05/10/2023 05:00 EDT

Plus: IBM to pause hiring for jobs that AI could do. Read more ›

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VentureLab president and CEO Melissa Chee steps down as tech hub looks for new leader

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Charlize Alcaraz @ BetaKit 2 place · 05/09/2023 13:43 EDT

Chee led VentureLab in launching initiatives to support Canada’s semiconductor industry amid the global chip shortage. Read more ›

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GeoComply acquires OneComply to automate licensing for regulated industries

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Charlize Alcaraz @ BetaKit 3 place · 05/09/2023 12:05 EDT

GeoComply is using its platform to address “compliance failures” in the crypto industry. Read more ›

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Carbonhound raises $1.3 million help small, medium business get ready for emissions regulations

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Meagan Simpson @ BetaKit 2 place · 05/09/2023 06:00 EDT

The startup will help cut carbon as the United Nations says "catastrophic" warming is upon us. Read more ›

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