Innovation Factory and Haltech amalgamate to serve Hamilton, Halton area startups
The Ontario organizations have come together under the Innovation Factory banner.
R|T: The Retail Times – Why women in retail are leaving CEO positions
Plus: Lightspeed CEO muses about privatization; Giant Tiger’s cyberattack.
Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
A|I: The AI Times – Canadian pension manager to co-lead deal valuing Cohere at $5 billion
Plus: Feds broaden foreign investment scrutiny; Why Apple bought DarwinAI.
BeniPlus secures $1.1 million to simplify employee benefits
BeniPlus offers a wallet system for employees to allocate benefits depending on their needs.
Feds, Québec commit $16 million to create an AI computing cluster at Université Laval
The funding follows recent calls to increase Canada’s AI computing power.
S|W: The SaaS Weekly – Peek inside Canva’s battle plan against Adobe
Plus: Ontario school boards sue social media giants for $4.5B.
Helika launches $50-million accelerator for Web3 and traditional gaming studios
Helika secured $10.8 million CAD in Series A funding last month.
F|T: The FinTech Times – Sam Bankman-Fried gets 25 years
Plus: Mogo backs Kaos in WonderFi boardroom battle.
H|T: The Healthtech Times – AstraZeneca pays $2B for Hamilton biopharma firm
Plus: Neuralink’s first human subject shows off abilities on livestream.
R|T: The Retail Times – Tobi Lutke granted a nine-figure Shopify compensation package
Plus: Sonder faces class action, Busbud continues LATAM push.
A|I: The AI Times – Cohere seeks big-time valuation despite small-time revenue
Plus: Canada’s underinvestment in computing threatens its AI advantage.
Dialogue acquires IP, other assets of fellow digital health platform Koble
Deal is hoped to strengthen Dialogue’s support for women’s healthcare.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
S|W: The SaaS Weekly – Constellation wants underperforming Canadian companies
Plus: NowVertical resolves dispute with founder and Reddit’s big debut.