A|I: The AI Times – Why Midjourney’s founder rejects venture capital
Plus: Rockwell Automation to acquire Clearpath Robotics.
S|W: The SaaS Weekly – Canadian legaltech duo agrees to merge, SAP nabs LeanIX in $1B+ deal
Plus: David Sacks has a new SaaS startup for other SaaS startups.
F|T: The FinTech Times – Circle is losing to Tether, Square merchants lose connectivity
Plus: Meet the Y Combinator Summer 2023 cohort startups with Canadian connections.
Cultivator hits $100M milestone as Conexus loses VC Sean O’Connor
Plus: How this multi-millionaire “pirate” entrepreneur kicked his self-destructive habits.
Three companies hiring front-end software developers across Canada
eClerx, Procom, and Accenture are looking to hire front-end developers across the country.
H|T: The Healthtech Times – Prognosis bankruptcy for Babylon, Imagia Canexia
Plus: Amazon threatened with legal action over sales of “unapproved” drugs.
R|T: The Retail Times – Shopify and Amazon strike a deal
Plus: Benitago files for bankruptcy.
A|I: The AI Times – Cohere reportedly hunting for fresh funding as OpenAI passes $1B revenue pace
Plus: Xanadu, TMU to develop quantum computing educational program.
Rockwell Automation signs agreement to acquire Waterloo-based Clearpath Robotics
Clearpath’s mission statement is to automate “the world’s dullest, dirtiest, and deadliest jobs.”
S|W: The SaaS Weekly – Rubrik aims for IPO, SentinelOne is not for sale
Plus: Replicon is acquired by US-based Deltek.
F|T: The FinTech Times – Crypto startup loses $38.9-million wallet password, goes bankrupt
Plus: Canadian FinTech startup duo partners to bring AI-powered advice to financial advisors.
OMERS Ventures loses VC head in latest leadership turnover
Plus: Gambit Partners aims to take some risk out of early-stage investing.
Novarc Technologies announces closing of $20 million USD for its AI-powered automated welding robots
Construction-vehicle company Caterpillar’s venture arm joined the round.
H|T: The Healthtech Times – AbCellera denies patent infringement, Waystar eyes $8B valuation
Plus: Truepill moves to cut share price by 90 percent.
R|T: The Retail Times – TikTok to remove its Storefront integration, Instacart officially files for IPO
Plus: Hopper scores Air Canada partnership with embedded FinTech.