Avidbots launches Kas, a smaller cleaning robot targeting new markets
Avidbots has slimmed down for hot bot summer.
Harvest Ventures, New York-based IA Capital back Summit’s $3.5-million seed round
Digital insurance broker offers range of products, including to other FinTech firms.
R|T: The Retail Times – Lightspeed makes first cuts since Dax Dasilva’s return
Plus: Nuvei to officially go private in $6.3B deal.
Government software provider Clariti Cloud secures $24.6 million CAD from Vistara Growth
Clariti’s co-CEO is seeing increased demand for digital government services.
A|I: The AI Times – Microsoft and OpenAI team up to build $100-billion AI supercomputer
Plus: Feds pledge $2B to bolster AI compute, startups, and safety.
Appili Therapeutics to be acquired by Virginia-based life sciences company Aditxt
Deal is contingent upon Aditxt raising at least $20 million USD.
S|W: The SaaS Weekly – Microsoft faces new Excel rival as it’s forced to separate teams from office
Plus: BlackBerry CEO sued by former senior employee for sexual harassment.
F|T: The FinTech Times – Coinbase secures restricted dealer status in Canada
Plus: Nuvei to go-private in $6.3B deal while Binance kills Bitcoin NFT support.
With $7.75 million CAD, new CEO, Boston office, TrojAI looks to expand operations
Incoming CEO Lee Weiner was previously senior executive at Boston-based Rapid7 for 11 years.
H|T: The Healthtech Times – Ontario budget allocates funding to healthtech procurement
Plus: Neuralink is now accepting Canadian patients.
Cohere introduces new LLM for businesses alongside Microsoft Azure collaboration
Enterprise-focused OpenAI competitor is reportedly in talks to raise at least $500 million at $5 billion valuation.
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.