Majority owner Markus Frind named permanent CEO of Cymax Group
The Plenty of Fish founder first invested in Cymax in 2015.
A|I: The AI Times – OpenAI says Elon Musk agreed to plans he is now suing them for
Plus: Feds intend to move on AI legislation without industry consultation.
Alberta earmarks $55 million to build tech, science hub at the University of Calgary
The hub will include incubator space for researchers to collaborate with industry partners.
MDF Commerce to go private in $255-million acquisition by New York-based KKR
The deal’s price tag is a premium on its recent TSX close yet well below its peak value.
S|W: The SaaS Weekly – Apple’s walled garden hit with $2 billion fine
Plus: Travel perks platform Plusgrade gets major NY investor.
US-based Fortinet to open new cybersecurity tech hub in Calgary
The hub looks to address the cybersecurity skills shortage.
F|T: The FinTech Times – Boardroom skirmishes prevent Klarna’s IPO prep
Plus: FINTRAC “incident” shows cyberattacks are getting too easy.
H|T: The Healthtech Times – Canadian pharmaceutical research spending dropped in 2022
Plus: Myanmar Molecular seeks Health Canada approval.
Ontraccr secures $1.2 million for construction management software
Ontraccr’s platform digitizes operational workflows in the construction industry.
Ziing acquires Metroland Parcel Services from TorStar
Ziing looks to expand its Canadian delivery network with second acquisition this year.
R|T: The Retail Times – Thrasio raised $3 billion. Now it’s filing for bankruptcy.
Plus: US resistance has Shein eyeing UK to IPO.
Virtual mental health platform Cognito raises $2 million in seed funding
Cognito plans to expand its mental health services across Canada this year.
McMaster University partners with Celesta Capital to support Canadian deep tech startups
Celesta will help McMaster-affiliated entrepreneurs commercialize their innovations.
Contractor management platform PayShepherd closes $7 million CAD as product, market expansion continues
Inovia Capital-led round aimed at cementing firm’s presence in the United States and Canada.
A|I: The AI Times – Cohere will cover its customers sued for copyright violations
Plus: Six months after launch, Toronto’s Ideogram secures $80 million.