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.
New open letter from business groups condemns capital gains changes as “divisive”
CCI gathered approximately 2,000 signatures protesting the tax changes in a different letter last month.
AppDirect acquires low-code B2B marketplace builder Builtfirst
Nicolas Demarais-founded AppDirect looks to become a one-stop solution for B2B marketplace building.
R|T: The Retail Times – South Korean retail unicorn to set roots in Toronto
Plus: Shopify’s Tobi Lütke headlines BetaKit Town Hall.
A|I: The AI Times – Why Nvidia’s CEO handpicked this U of T professor
Plus: A mysterious “gpt-2” chatbot came online and vanished just as quickly.
Propel unveils latest Atlantic Canada cohort, ventureLAB opens applications for semiconductor incubator
Both accelerators recently received federal funding to continue their operations.
S|W: The SaaS Weekly – Is Bill Gates still the real brains behind Microsoft?
Plus: 1Password’s new product looks to secure unmanaged devices.
The Growcer raises $3 million Series A backed by former Farm Boy Co-CEO Jeff York
Growcer develops vertical farms in modular containers to help combat food insecurity in challenging climates.