A|I: The AI Times – Critics skewer Fed’s AI consultations, Cohere co-founder wants to keep it simple
Startup founded by ex-Google Search team nears $2 billion valuation.
S|W: The SaaS Weekly – BlackBerry names new CEO, ditches spinout IPO plans
Plus: Vistara Growth Fund V sets target on enterprise software companies.
Xanadu’s Christian Weedbrook among Quantum Industry Canada’s three new board appointments
The Xanadu CEO joins representatives from Anyon Systems and Quantacet.
F|T: The FinTech Times – Synctera and Monarch Money seek to fill Canadian finance gaps
Plus: Block rival SumUp defies FinTech funding slump with $307 million cash injection.
Montréal’s tech hub is in trouble, Waterloo Region goes grassroots
Plus: Why is the Start-up Visa program struggling?
H|T: The Healthtech Times – Healthtech startups among targets of Sixty Degree Capital’s new $338-million CAD fund
Plus: Medtronic’s $738 million acquisition is cancelled.
Anticipated innovation hub Ax-C to open on former trading floor of Montréal Exchange
Backed with $48 million, Ax-C secures its location as another Montréal hub struggles.
R|T: The Retail Times – SkipTheDishes appoints its third CEO this year
Plus: Asian food delivery service Fantuan secures $40 million.
Formerly Qui Identity, Wave alumni launch digital ID verification platform Confirm
Kirk Simpson and Peter Carrescia raised $6.5 million to launch company in August 2022.
Y Combinator graduate Terminal closes $4.2-million CAD seed round
Terminal aims to be the Plaid for telematics data in commercial trucking.
A|I: The AI Times – Google launches its hopeful GPT-4 killer
Plus: “Gentle Canadian” @BasedBeffJezos raises $14M for AI hardware startup.
Leav secures $2.3 million in seed funding for its mobile self-checkout solution
The funding round was led by Nicolas Bouchard’s venture capital firm Exo10.
S|W: The SaaS Weekly – Why did SaaS VC stalwart OpenView shut down?
Plus: ContactMonkey secures $55-million Series A.
Propel receives $2.9-million ACOA grant to continue virtual accelerator program until 2026
The Government of Nova Scotia committed $1.05 million to Propel in May.
F|T: The FinTech Times – Wealthsimple targets fourfold AUM growth, Koho targets profitability
Plus: Brex, Block, Flinks, and Shakepay unveil new product offerings.