A|I: The AI Times – The new new oil

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Alberta Innovates to fund four new tech accelerators through Scaleup GAP program (BETAKIT)

Alchemist, a public-private consortium based in Edmonton, partnered with Alchemist Accelerator to provide services to ventures using artificial intelligence in the social sector in Edmonton.


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Hai Robotics picks up $200M for its warehouse robot (TECHCRUNCH)

The latest fundings, which come after its $15 million Series B+ round in March this year, will be used to bolster its robot fleet with technological upgrades, penetrate further to the global market, hire talent and support its supply chain management.

Wishpond acquires Brax.io – a provider of ad management software (BETAKIT)

This is Wishpond’s third acquisition, with the most recent being in January this year where it acquired San Mateo, California-based SaaS startup PersistIQ for $3 million USD.

Amazon’s AI cameras are punishing drivers for mistakes they didn’t make (VICE)

Amazon delivery drivers say surveillance cameras installed in their vans have made them lose income for reasons beyond their control.

Facebook’s chief technology officer to step down in 2022 (NEW YORK TIMES)

Mike Schroepfer, who leads the company’s artificial intelligence and other technical efforts, said he planned to transition into a role as a senior fellow.

Radical Ventures expands leadership team, adds partner in San Francisco (BETAKIT)

The firm’s portfolio includes self-driving startup Waabi, which emerged from stealth this June with over $100 million CAD in initial capital.

The next big AI startup IPO? Why Samsara’s data really is the new oil (PROTOCOL)

Samsara is going toe-to-toe with software and cloud giants in the increasingly competitive world of industrial IoT. Ahead of an expected IPO, its CEO explains its plan to win.

Following Series A raise, Medchart adds VP of product design to support product development, expansion (BETAKIT)

“When you look at [Medchart’s] mission, when we think about being able to essentially impact lives, save lives, build a business that helps entrepreneurs build their business, it’s just super exciting,” Callahan told BetaKit.

Chinese augmented reality glasses maker Nreal valued at $700 million after fresh funding (CNBC)

Nreal’s flagship product is a pair of lightweight glasses called Nreal Light which connects to a smartphone.

Montreal-based BrainBox AI, American Internet of Things company partner to lower energy consumption in commercial buildings (BETAKIT)

In April 2020, BrainBox raised a $12 million CAD pre-series A round, often used if a startup is unable to raise a Series A round, or if founders are looking to achieve certain milestones, and decide to postpone a Series A financing.

WestCap and Peter Thiel-backed FLYR Labs closes $150M Series C (TECHCRUNCH)

The company has developed a deep learning platform to forecast airline demand and set airfare prices, and it’s now secured $150 million in Series C funding to grow both its core business and expand into other verticals.

Urbx moves to dismiss Attabotics’ patent infringement claim (BETAKIT)

Boston startup Urbx has filed a motion to dismiss Attabotics’ patent infringement lawsuit, arguing the claims laid out in the Calgary-based robotics supply chain firm’s suit lack merit.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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