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Kitchener-Waterloo-based digital investigation software firm Magnet Forensics plans to raise up to $950 million CAD, according to a preliminary short form base shelf prospectus the company filed this week. The news follows Magnet’s Toronto Stock Exchange debut in April.
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With a valuation of over $1 billion, Augury becomes one of the first company’s in the Industry 4.0 sector to achieve unicorn status.
Two Hat has partnered with Xbox and the Microsoft team for several years. According to Microsoft, Two Hat’s tech has helped improve the safety of its global communities on Xbox, Minecraft, and MSN.
Abacus co-founder and CEO Bindu Reddy, whose background includes stints at Google and AWS, says the company is trying to create a complete AI platform.
Following a poor Q2 for tech investment, Calgary bounced back in the third quarter. Elsewhere, Toronto startups broke venture funding records again, Montréal and British Columbia continued to see strong results, and Waterloo Region saw deal volume hit a two-year low.
FDA authorizes AI software designed to help spot prostate cancer (WALL STREET JOURNAL)
U.S. health regulators have authorized the use of the first artificial-intelligence tool designed to help doctors diagnose prostate cancer.
Named “awAIR,” the company is working towards submitting data related to the cerebral amyloid status test for Alzheimer’s disease for its FDA regulatory submission.
As employees seek new opportunities and skills, AI is becoming a popular source of professional advice, and companies including Oracle and IBM are betting it will be a key to employee management and retention.
BrainBox AI called the financing the “first close” of its Series A round, telling BetaKit it is working to raise a “top-up” in the next six to eight weeks from additional investors.
Deepfakes have made a huge impact on the world of image, audio, and video editing, so why isn’t Adobe, corporate behemoth of the content world, getting more involved?
BetaKit has teamed up with Cisco Designed for a live-streamed conversation with Canadian tech and business leaders, taking place Wednesday, November 3 at 3:30 pm EST.
aDolus raises $3 million CAD to bolster supply chain security solution amid growing demand (BETAKIT)
According to aDolus, the funding will be used to fuel its marketing strategy, just in time to meet the growing demand for supply chain security solutions.