Quantum startup Photonic raises $137 million CAD, strikes strategic partnership with Microsoft
Photonic has an “audacious” five-year plan to build a fault-tolerant quantum computing platform.
A|I: The AI Times – Jim Balsillie says “AIDA needs to be scrapped completely” as Biden lays out new executive order
Plus: Thomson Reuters commits $100M a year to GenAI, Google $2B to Anthropic.
NGen commits $19 million to 12 new AI manufacturing projects
Industry contributions bring the total value of the projects to $55 million.
Private equity firm Vertu Capital acquires developer platform ActiveState
Vertu closed $300 million CAD for its first private equity fund in March.
Virtual care platform Mednow announces restructuring, looks for buyer
Receivership occurs just over two years after listing on the TSX Venture Exchange.
S|W: The SaaS Weekly – John Chen retires, Hyatt brothers return with DataStealth
Plus: Uber, Lyft to pay $328 million to settle wage-theft allegations.
Universities of Regina, British Columbia among 19 recipients of CRIN’s $16.1 million CAD commitment to clean up Canada’s oil and gas industry
CRIN received $100 million from the SIF in 2020 to lower the environment impacts of fossil fuels.
F|T: The FinTech Times – Sam Bankman-Fried convicted on all charges, Intuit winds down Mint
Plus: BDC recommits to seed deals with $50M fund.
BDC recommits to leading seed deals with new $50-million fund
Plus: The BetaKit Keynote Stage returns to SAAS NORTH 2023.
Nova Scotia taps Maple to expand free virtual care to the entire province
Maple will expand from servicing 145,000 Nova Scotians to over one million.
H|T: The Healthtech Times – Amazon Clinic can now treat cough, cold, or flu
Plus: Well Health acquires cybersecurity businesses, CAE to sell healthcare unit for $311M.
Cultivator’s AgTech accelerator startups surpass $80 million in funding since January 2022
Applications are open for its third cohort set to begin in March.
Brickeye secures $5 million CAD in convertible debt round with participation from BDC and Graphite Ventures
Brickeye provides construction companies with job site monitoring, analytics, and smart automations.
R|T: The Retail Times – Former Shopify leader launches AI imaging tool for merchants
Plus: Shein and Temu call off US legal spats.
FigBytes acquired by Irish software company AMCS in trans-atlantic ESG deal
The deal comes one year after FigBytes secured $14.5 million USD for its ESG insights platform.