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Montreal-based Element AI has entered into a strategic relationship with Japanese automotive company Aisin Seiki Co.
“Revealed at Microsoft’s Ignite Conference, #AzureArc is the latest effort by CEO Satya Nadella to let customers use whatever technology they want, even if it’s from a rival. This will empower people and startups around the world to choose solutions that work for them.” – Adam Nanjee, Microsoft for Startups
Alex Benay, the former CIO of Canada, has left his role at Ottawa-based Mindbridge after a short few months stint.
The AI model can now differentiate between normal and abnormal smear slides with accuracy and is currently under validation in labs for a period of three to six months.
Medopad Ltd., a U.K. artificial intelligence startup teaming with China’s Tencent Holdings Ltd. on new approaches to disease, raised $25 million for clinical studies of its health technology.
Looka, the Toronto startup that uses AI and machine learning to design logos, has laid off 80 percent of its employees, BetaKit has learned.
CEO Rich Sarkis said the fresh funding will bolster Reonomy’s R&D efforts while enabling it to scale its business to Canada, the U.K., and other international markets following “strong” customer demand.
Montreal-based FinTech startup Mylo has raised $10 million in Series A financing for its saving and investing.
The company bills itself as the industry’s first cloud-native data loss prevention platform.
Toronto-based chip startup Untether AI recently announced that it has raised an additional $9.2 million CAD, which was originally closed in May of this year.
The funding comes after a year in which RedMarlin’s revenue grew tenfold.
On Wednesday, Coveo announced it has raised $227 million CAD in a later stage investment round led by OMERS Capital Private Growth Equity Group.
Canadian immigration officials in 2018 voiced concerns that attendees wouldn’t leave the country when the conference was over.