A|I: The AI Times – Anatomy of an AI IPO

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The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page.


Anatomy of an IPO: How Coveo prepared to take itself public (BETAKIT)

Québec City-based Coveo officially closed its Toronto Stock Exchange IPO this week, raising $215 million CAD, after making a strong debut last week amid what has been a mixed market for new Canadian tech issues. BetaKit spoke with Coveo chair and CEO Louis Têtu about how and why the company went public.


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Verbit lands $250M Series E at a $2B valuation to expand its AI-powered transcription platform (TECHCRUNCH)

The new capital was led by Third Point Ventures, with participation from existing investors Sapphire Ventures, More Capital, Disruptive AI, Vertex Growth, 40North, Samsung Next and TCP.


Clearview AI does well in another round of facial recognition accuracy tests (NEW YORK TIMES)

The Clearview AI app placed in the top 10 among nearly 100 companies tested by the National Institute of Standards and Technology.


mCloud aims to secure capital for push into Middle East, as it lists to Nasdaq Capital Markets (BETAKIT)

The Nasdaq listing makes mCloud a dual-listed company as it already trades on the TSX Venture Exchange.


Robots won’t close the warehouse worker gap anytime soon (WIRED)

Even Amazon’s new AI-powered machines aren’t nearly capable enough to handle the most important fulfillment tasks.


China’s AI giant SenseTime readies Hong Kong IPO (TECHCRUNCH)

One of China’s biggest AI solution providers is a step closer to its initial public offering. SenseTime has received regulatory approval to list on the Hong Kong Stock Exchange, according to media reports.


Dax Dasilva on using Lightspeed learnings to address the world’s climate crisis (BETAKIT)

Dasilva, one of the most outspoken CEOs in Canadian tech regarding social issues, stressed the importance of leading by example, embracing discomfort, and giving back during the November Patreon-exclusive BetaKit Live event, titled “Dax Dasilva on making a difference.”


The infrastructure law just gave a boost to controversial driver-monitoring AI tech companies (PROTOCOL)

“If you’re absolutely upset, well, the car can know that,” said one maker of driver-monitoring AI, which could get a boost from the new law.


How a shift in strategy took once-struggling Looka back to profitability (BETAKIT)

In the fall of 2019, Toronto-based Looka was facing major difficulties, laying off 80 percent of its staff following a failed rebrand that cut its revenue in half. But two years on, after shifting its strategy, the startup has turned things around, tripled its monthly revenue, and returned to profitability.


An autonomous Mayflower aims to prove AI’s captain skills by sailing in the Pilgrims’ wake (FORTUNE)

If successful, The Mayflower Autonomous Ship, named in honor of its famous nautical forebearer and known as MAS for short, will be the first such trans-Atlantic voyage by an autonomous vessel.


BetaKit Live: How to drive growth and innovation through impact investing (BETAKIT)

In the next BetaKit Live on Thursday December 2, leaders from TELUS Pollinator Fund for Good, the Global Impact Investing Network, and Gotcare explain the corporate venture capital and impact investing space.


In a crowded global market, Canadian AI startups’ fundraising results stand out (TECHCRUNCH)

Private money, public money, and universities are fueling the boom.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.

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