Rockwell Automation completes acquisition of Clearpath Robotics and its OTTO Motors division
Reportedly topping $600 million USD, the deal will keep the autonomous robotics startup in the Waterloo Region.
R|T: The Retail Times – Shopify takes stake in Faire as company discourages employee side hustles
Plus: Instacart quickly loses its IPO gains.
Business getaway marketplace RetreatsAndVenues takes first prize in New Ventures BC 2023 startup competition
Vancouver-based startups Browse AI and Blanka came in second and third place.
MaRS and Innovate UK announce cohort for third advanced manufacturing incubator
Startups focused on industrial automation, carbon adsorbents, and aerospace maintenance are part of the new cohort.
A|I: The AI Times – Canadian leaders sign Gen AI code of conduct, Shopify’s CEO wants fewer “referees”
Plus: Amazon rachets AI race with up to $4 billion investment in Anthropic.
Ocean Supercluster announces $20 Million Investment in nine new AI-powered ocean projects
The funding brings the national innovation focus of AI to aquaculture and coastal cleantech.
S|W: The SaaS Weekly – Summertime Sadness for Saskatoon software startups
Plus: 1Password has a president.
Scale AI announces $21 million for nine Canadian AI healthcare projects
The projects address a sector facing budgetary strain, high community needs, and a persistent labour shortage.
F|T: The FinTech Times – Wealthsimple partners with Interac, Luge Capital is ready to cut cheques
Plus: Neo Financial, Float headline LinkedIn top startups list.
Neo, Float, Cohere top startup list, Luge tops up new FinTech fund
Plus: AI regulation is coming but Tobi Lütke is not “EFRAID”
David Faugno latest addition to 1Password as first-ever president and chief operating officer
1Password continues to add to its C-suite following new revenue milestones.
H|T: The Healthtech Times – Neuralink recruits for first human clinical trial
Plus: Thorne HealthTech misled investors around acquisition, suit says.
Neo Financial, Float, and Cohere headline LinkedIn’s sixth annual list of Canada’s top 15 startups
Neo Financial joins Wealthsimple as only companies to top list in multiple years.
Pollin Fertility raises $20-million CAD Series A led by David Thomson’s Osmington Inc.
The raise highlights a recent flurry of rounds in the fertility space.
R|T: The Retail Times – Waabi partners with Uber Freight, Instacart debuts big IPO
Plus: Shopify scores big off of Klaviyo IPO.