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AI and IoT startup Mnubo acquired by Aspen Technology for $102 million CAD(BETAKIT)
Mnubo, a Montreal-based Internet of Things (IoT) and AI company, has been acquired by Aspen Technology (AspenTech), an asset optimization software firm, for $102 million CAD.
Microsoft’s $399 Azure Kinect AI camera is now shipping in the US and China(TECHCRUNCH)
Unlike the original Kinect, which launched as an Xbox gaming accessory that never quite caught on, the Azure Kinect is all business.
Former Vector Institute VP Darin Graham to lead LG’s Toronto AI lab(BETAKIT)
LG has appointed Darin Graham, a longtime artificial intelligence researcher, as the head of its AI lab in Toronto.
Chinese medical AI startup Synyi raises $36.3M in Series C funding(MOBIHEALTHNEWS)
The company will use the funds to explore the smart healthcare sector, attract new medical and AI talent and ensure its products stay at the top of the Chinese market.
AI and robotics enterprise startups C2RO raises $2.25 million Series A(BETAKIT)
Montreal-based C2RO, a startup specializing in artificial intelligence-powered enterprise products for retail applications, has closed a $2.25 million Series A round.
VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance(TECHCRUNCH)
The deal, which has been rumored for months, is part of a broader alliance between VW Group and Ford that covers autonomous and electric vehicles.
Singapore-backed AI firm Taiger wins $25 million from investors(BLOOMBERG)
Taiger, an artificial intelligence startup whose clients include Bank of America Corp, AIA Group Ltd. and Banco Santander SA, has raised $25 million of funding for its expansion.
Artificial intelligence startup Kyndi raises $20 million to advance industry’s first Explainable AI platform(TECHSTARTUPS)
The round was led by Intel Capital, with participation from UL Ventures, PivotNorth Capital, and existing investors.
Karen HR acquired by Alexander Mann Solutions(BETAKIT)
Karen HR, a Toronto-based AI company with a recruiting software tool for human resources workers, has been acquired by global talent acquisition company, Alexander Mann Solutions.
Matterport acquires AI special effects startup Arraiy(TECHCRUNCH)
Real estate computer vision platform startup Matterport is set to acquire Arraiy, an AI startup aiming to automate special effects processing in film.
Facebook’s “superhuman” poker AI out-bluffs world’s top players(FUTURISM)
The AI won an average of five bucks per hand, cashing in roughly a grand every hour.
Lidar startup Luminar raises $100 million, unveils Iris sensors(VENTUREBEAT)
Luminar is now expanding its product lineup substantially as it looks to corner an autonomous vehicle market that’s anticipated to be worth $556.67 billion by 2026.
BlackBerry, Microsoft partner to bring new tech to Indigenous nations(BETAKIT)
“First Nations need to own, control, and possess their own data and communications systems in order to create vibrant, self-sustaining communities.”