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Deeplite raises $7.5 million CAD seed round to optimize deep neural networks (BETAKIT)
Deeplite is collaborating with Yoshua Bengio on new ways to optimize AI-based neural networks.
Industry Insights: Selling into Financial Institutions and Regulated Enterprises
The art and science behind enterprise sales is complex, particularly when selling into heavily regulated industries. Join our panel of industry leaders who will share their insights, strategies for success and lessons learned.
Join us: Wednesday April 21, 2021 at 2:00PM EST
Robot truck startup TuSimple raises $1 billion in first self-driving startup IPO (FORBES)
TuSimple, a San Diego-based developer of robotic truck technology, raised $1 billion from listing shares on Nasdaq and is the first self-driving tech company to go public in the U.S.
Microsoft bulks up with $16 billion deal for nuance communications (WALL STREET JOURNAL)
Microsoft Corp. has agreed to buy artificial intelligence company Nuance Communications Inc. for $16 billion, extending Chief Executive Satya Nadella’s run of big acquisitions to accelerate growth in everything from healthcare to videogaming.
Data-labeling company Scale AI valued at $7.3 billion with new funding (FORTUNE)
The new financing brings the total amount of venture capital it has raised since its founding in 2016 to more than $600 million.
Following a year of growth, healthtech startup My Intelligent Machines raises $5 million (BETAKIT)
Anges Québec and its subsidiary Anges Québec Capital both provided separate investments as part of the round. CEO Sarah Jenna told BetaKit a “big angel” investor also participated in the round but declined to disclose the name.
SambaNova raises $676M at a $5.1B valuation to double down on cloud-based AI software for enterprises (TECHCRUNCH)
The company has closed on $676 million in financing, a Series D that co-founder and CEO Rodrigo Liang has confirmed values the company at $5.1 billion.
Six ways startups can prepare for financial instability before it happens (BETAKIT)
Xero Canada Country Manager Faye Pang shares her top six tips for what small businesses can do to prepare for financial instability.
Walmart investing in GM’s Cruise self-driving car company (CNBC)
The decision to invest comes about five months after the companies started working on a pilot program to use Cruise self-driving vehicles for deliveries in Scottsdale, Arizona.
QRA Corp secures $3.76 million to meet rising demand for its product engineer software solution (BETAKIT)
Halifax-based enterprise software developer QRA Corp has raised $3.76 million CAD in financing as the startup looks to grow its team and develop its technology.
SoftBank leads $220 million funding for AI home gym maker Tempo (BNN BLOOMBERG)
Tempo’s valuation has more than tripled from the $250 million the San Francisco-based company was ascribed when it last raised capital in 2020.
BetaKit Live: Diversity in Cybersecurity (BETAKIT)
Wednesday, April 21, BetaKit is proud to present a BetaKit Live panel in partnership with Microsoft Canada focused on this important conversation: What needs to be done to build and support a diverse cybersecurity ecosystem in Canada?
The new lawsuit that shows facial recognition is officially a civil rights issue (MIT TECHNOLOGY REVIEW)
On January 9, 2020, Detroit police drove to the suburb of Farmington Hill and arrested Robert Williams in his driveway while his wife and young daughters looked on. Williams, a Black man, was accused of stealing watches from Shinola, a luxury store. He was held overnight in jail.
Dear Canadian founders, your time is now! (BETAKIT)
Damien Steel, Managing Partner and Head of Ventures at OMERS Ventures, shares his thoughts on why there’s never been a better time to be a Canadian founder.