A|I: The AI Times – AI is expensive. Cue the M&A.
Plus: Canada and UK sign memo on AI compute power.
S|W: The SaaS Weekly – Toronto trio of tech firms shed jobs a second time
Plus: Antitrust regulations dampen deals and Meta’s paying dividends.
Wealthsimple surpasses combined $200 million for venture, private credit, equity funds
The FinTech firm’s trio of alternative investment funds have seen demand from retail investors.
Q4 Inc. delists from TSX as Sumeru Equity Partners buyout closes
Just over two years after TSX IPO, Q4 Inc. becomes the latest Canadian tech company to go private.
F|T: The FinTech Times – Block and PayPal cull staffers in latest tech layoffs
Plus: Koho wants a licence to compete.
H|T: The Healthtech Times – $135M CBIV fund, Femtech Canada put women’s health in the spotlight
Plus: Tech chases ‘Plan A’ as demand for male fertility services grows.
Accelerator Centre opens applications for new aerospace accelerator program
Selected startups can potentially test their tech at Waterloo’s international airport.
SumoQuote acquired by Utah-based roofing software firm JobNimbus
SumoQuote will continue to operate out of its Calgary office.
R|T: The Retail Times – How Shopify goes after enterprise brands
Plus: eBay and Flexport plan more staff cuts.
Exro to acquire California-based SEA Electric in $332-million CAD EV-tech deal
Exro said deal provides it with “a defined path” to profitability.
A|I: The AI Times – Ex-CPPIB chief wants to raise $500M USD AI growth fund
Plus: the free tool that ‘poisons’ AI models.
Tokens.com blazes in asset sale to StoryFire
The Web3 business has also put its domain up for sale.
AI-powered medical record reviewer Wisedocs closes $12.7-million CAD Series A round
Wisedocs claims it has more than doubled its customer base in 2023.
S|W: The SaaS Weekly – The “mother of all breaches” and more layoffs at Salesforce
Plus: The Vancouver startup partnering with Napster (in 2024).
Eight Canadian foodtech projects receive $1.9 million in pilot funding from CFIN
Supported projects include short-haul delivery robots and augmented reality training programs.