CoLab raises $28.6-million CAD Series B to grow its team and incorporate AI
CoLab CEO Adam Keating said he expects to grow the team from 86 to 125 employees by the end of the year.
F|T: The FinTech Times – Is Canada an easy mark for international money laundering?
Plus: ZayZoon returns its services to Canada after years in the US.
H|T: The Healthtech Times – Neuralink encounters its first problem in a human patient
Plus: Oracle’s $28-billion Cerner healthtech acquisition is losing clients.
Lightspeed stock jumps as Dax Dasilva stays put, posts positive Q4 earnings
The firm’s founder is officially back in the CEO chair, shedding the interim label he’s had since February.
Diversio acquires CCDI Consulting to expand its workplace-inclusion services
Diversio now offers consulting services and hundreds of training courses.
R|T: The Retail Times – Shopify posts surprise Q1 loss, Lululemon under “greenwashing” investigation
Plus: What Tobi Lütke said at the BetaKit Town Hall.
Vantage points: Jocelyne Murphy on how Canadian tech can help Gen Z founders feel less alone
“I think we’re looking for the industry veterans to lean in, be mentors, and show up for us.”
CloudMD to be taken private by CPS Capital
CloudMD had been reviewing options to solve its liquidity issues as a result of its numerous acquisitions.
A|I: The AI Times – The Toronto startup using quantum chemistry to clean the world’s water
Plus: Vector awards $2 million in AI scholarships for top Ontario graduate students.
Earned wage startup ZayZoon returns its services to Canada
ZayZoon focused on servicing the United States after struggling to take on Canadian clients in 2016.
Nfinite Nanotech closes $8.9 million CAD to nanocoat sustainable packaging
Nfinite says its ultra-thin barrier seals sustainable packaging while maintaining recyclability.
S|W: The SaaS Weekly – How investment banks are helping Canva and Figma stay private
Plus: Ottawa’s Kinaxis to make staff cuts as profits rise.
F|T: The FinTech Times – Wealthsimple begins offering mortgages with Pine partnership
Plus: Binance caught in anti-money laundering crosshairs.
H|T: The Healthtech Times – Walmart ditches telehealth and cyberattack paralyzes Canadian pharmacy chain
Plus: Ottawa firm acquires mental health platform for first responders.
Three Canadian companies among finalists of Musk-funded XPRIZE Carbon Removal competition
Skyrenu, Arca, and Planetary are entering the last stage of the $100-million, four-year-long competition.