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Klue scores $79 million CAD from Tiger Global, Salesforce Venture (BETAKIT)
Vancouver-based software company Klue has closed $79.2 million CAD in Series B financing led by Tiger Global with participation from Salesforce Ventures to build on the growth of its competitor intelligence platform since it secured its Series A round last fall.
How tech can promote a collaborative, patient-centric approach in healthcare
“Innovation is not just about technology. It’s the mechanism by which you organize and sequence how you actually deliver healthcare, and how to actually understand the patient-doctor relationship.”
In an interview with BetaKit, Saleema Khimji, the Chief Innovation Officer at MCI Onehealth, shared how the current siloed ecosystem of researchers, governments, and private sector companies can fail patients – and why a new patient-centric model based on collaboration needs technology to thrive.
PE investor Advent acquires significant stake in Iodine Software, boosting valuation to $1B (FIERCE HEALTHCARE)
A major player in healthcare artificial intelligence, Iodine is a large clinical AI engine used by more than 800 health systems and 80,000 physicians.
Coveo closes over-allotment option, raises additional $32 million CAD (BETAKIT)
Québec City-based Coveo has closed its over-allotment option, pulling in another $32 million from its Toronto Stock Exchange debut where it raised $215 million. BetaKit recently spoke to Coveo’s chair and CEO, Louis Têtu, about how the company prepared to take itself public.
Slowest supercluster Scale AI looks to ramp up amid global supply-chain crunch (THE LOGIC)
The Montreal-based organization is set to announce nearly $80-million in projects.
Communitech exploring $200 million venture fund (BETAKIT)
TCEO Chris Albinson spoke to the strategy on a recent episode of The BetaKit Podcast, and while he is still vague on many details of how Communitech will help create Canadian winners to own the podium, one thing is clear: Communitech wants to launch a venture fund to support their growth.
Crime prediction software promised to be free of biases. New data shows it perpetuates them (THE MARKUP)
In 2018, police in the city of Plainfield, N.J., started using software called PredPol to predict where crime would likely happen.
Pow! Bam! Biff! Special effects studio Monsters Aliens Robots Zombies raises $6.5 million (BETAKIT)
Monsters Aliens Robots Zombies’ (MARZ) slightly eerie name hasn’t put off investors; the fast-growing startup just raised $6.5 million CAD in Series A funding.
Timnit Gebru’s new research group wants to free AI from its corporate ills (BNN BLOOMBERG)
Exactly one year after Timnit Gebru was dismissed from her post at Google, the prominent expert in artificial intelligence ethics announced plans for a new AI research institute, designed to be an independent group committed to diverse points of view and preventing harm.
How Katherine Regnier found the right enterprise customers for Coconut Software (BETAKIT)
In a recent interview for the #CIBCInnovationEconomy Podcast, Regnier explained Coconut’s uncommon founding story and what she attributes as the secrets to her success landing enterprise clients.
The movement to hold AI accountable gains more steam (WIRED)
A New York City law requires algorithms used in hiring to be “audited” for bias. It’s the first in the US—and part of a larger push toward regulation.
Survey suggests progress, room for improvement on equitable compensation for women in venture capital (BETAKIT)
The survey found that, for investment roles, salaries and bonuses are lower for women than men in more junior roles, but higher in more senior positions, with the exception of partners.
Clearview AI on track to win U.S. patent for facial recognition technology (POLITICO)
This week, Clearview AI revealed that it is on track to win a federal patent for its controversial facial recognition technology, an award that the company claims is the first to cover a “search engine for faces” which crawls the internet to find matches. Meanwhile, Britain’s independent data privacy authority has fined the New York-based company $22.6 million USD.
Arteria AI pens deal to acquire H4’s financial services assets (BETAKIT)
After closing its $13.7 million CAD Series A round earlier this year, Toronto-based Deloitte spin-out company Arteria AI, which helps organizations turn executed contracts into data, has reached a deal to acquire assets from London-based H4.
Biometrics, smartphones, surveillance cameras pose new obstacles for U.S. spies (WALL STREET JOURNAL)
Espionage and covert action aren’t what they used to be.