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ServiceNow closes $230 million USD acquisition of Montreal’s Element AI (BETAKIT)
California-based software company ServiceNow has officially acquired Element AI for approximately $230 million USD.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up (CNBC)
Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology.
Automated CI/CD platform Harness raises $115 million at a $1.7 billion valuation (VENTUREBEAT)
Harness increased its funding with a hitherto undisclosed $30 million series B-1 round and has now added $85 million via a follow-on series C round led by Alkeon Capital.
Uber planning to spin out Postmates’ delivery robot arm (TECHCRUNCH)
The startup is being referred to as Serve Robotics, a nod to the yellow and black-emblazoned autonomous sidewalk delivery bot that was developed and piloted by Postmates X.
FTC settles with photo storage app that pivoted to facial recognition (THE VERGE)
Under the terms of the agreement, Everalbum Inc. is required to delete photos and videos of its users who deactivated their accounts, as well as any facial recognition algorithms developed with users’ photos or videos.
Shopify VP Loren Padelford on four things e-commerce entrepreneurs need to keep in mind for 2021 (BETAKIT)
Shopify VP Loren Padelford shares four things e-commerce entrepreneurs need to keep in mind for 2021.
Worried about your firm’s AI ethics? These startups are here to help. (MIT TECHNOLOGY REVIEW)
A growing ecosystem of “responsible AI” ventures promise to help organizations monitor and fix their AI models.
From Russia with free shipping (REST OF WORLD)
Wildberries, the country’s answer to Amazon, is a genuine success. But its corporate backstory involves a lot of mythmaking.
Need a new knee or hip? A robot may help install it (NEW YORK TIMES)
As more people strive to stay active on aging frames, robots and other technologies are likely to play a wider role in helping surgeons replace joints.
The Capitol riot is spurring new interest in gun-detection AI (FAST COMPANY)
Facial detection has all sorts of technological and ethical problems. What if we tried to prevent crime by using software to spot weapons?
An algorithm is helping a community detect lead pipes (WIRED)
The model had shown promise in Flint before officials rebelled. Now Toledo is using it, while incorporating more public input.
AI in the beauty industry: How the pandemic finally made consumers care about it (FORTUNE)
Many of beauty’s biggest players aren’t yet convinced that there won’t be a place for brick-and-mortar stores in the future, and the tech innovators are hedging their bets accordingly.