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Intel-backed Untether AI raises $125 million, adds CPPIB, Tracker Capital as investors (BETAKIT)
Untether AI plans to use the fresh capital to expand its current product reach and accelerate the development of its next-generation products, attacking “a multitude of markets.”
DeepMind says it will release the structure of every protein known to science (MIT TECHNOLOGY REVIEW)
The company has already used AlphaFold, its protein folding AI, to generate structures for nearly all of the human proteome, as well as yeast, fruit flies, mice and more.
Clearco launches new partnership recommendation service as part of push to serve founders “beyond capital” (BETAKIT)
Earlier this month, Clearco raised $268 million CAD in a Softbank-led round, accelerating the company’s international expansion plans and overall roadmap.
Path Robotics raises another $100M (TECHCRUNCH)
The deal brings the robotic welding firm’s total funding to $171 million.
What to do when over 300,000 people count on your old code for their pension (BETAKIT)
BetaKit spoke with the Jonah Group about completing a massive digital transformation project for a major Canadian pension plan during a global pandemic.
Clearview AI raises $30 million from investors despite legal troubles (NEW YORK TIMES)
Last month, Canada’s privacy commissioner office has concluded its investigation into a law enforcement agency’s use of Clearview AI, finding that the Royal Canadian Mounted Police (RCMP) violated Canadian privacy law.
Following string of exits, Rhino Ventures expands focus across Canada for third fund (BETAKIT)
One of the biggest winners from the firm’s portfolio is online education platform Thinkific, which completed a $184 million IPO on the Toronto Stock Exchange in April.
Index Ventures raises two new funds, totalling $2.9bn (no typo) (SIFTED)
France’s Eurazeo has also announced a €1.6bn growth fund, with both European-focused investment groups having an eye towards AI startups.
Computer vision startup Algolux secures $23 million CAD Series B round (BETAKIT)
“The world of cameras is actually going to evolve very quickly, but we feel…in many ways, well ahead of the curve.”
Alphabet goes deep into industrial robotic software with Intrinsic (PROTOCOL)
If it succeeds, the gambit could help support Google Cloud’s lofty ambitions in the manufacturing sector.
Technical debt: the other innovator’s dilemma (BETAKIT)
Microsoft Canada CSO Kevin Magee argues startup founders need to prioritize security, privacy, and compliance from the start, lest they come back to haunt them.
The Pentagon is bolstering its AI systems — by hacking itself (WIRED)
A new “red team” will try to anticipate and thwart attacks on machine learning programs.
Microsoft, AltaML among partners in new University of Waterloo student training program (BETAKIT)
Microsoft Canada and AltaML are leading the AI stream of WE Accelerate, with the goal of helping train the next generation of AI leaders in Canada.