Ecobee lays off 10% of staff, cancels new product line in COVID-19 market
Toronto-based IoT thermostat startup Ecobee has laid off 47 employees, BetaKit has learned. Ecobee has confirmed the layoffs with BetaKit, which took place on…
Inside Planswell’s messy relaunch, three months after bankruptcy
In an email to investors and former employees obtained by BetaKit, Planswell co-founder and CEO Eric Arnold said he is “launching a new, similar…
Microsoft partners with Invest Ottawa to scale public sector startups
Microsoft and Invest Ottawa announced a joint partnership to support public sector startups in the nation’s capital today. The partnership will see the two…
Round13 surpasses $325 million in capital under management with launch of two new funds
Since closing its $95 million first fund in 2017, Round13 Capital has stayed out of the limelight, eschewing the public exposure adopted by most…
Turo, TradeRev headline first 2020 AutoTech meetup on Feb 6th
At the end of 2018, BetaKit partnered with TradeRev to produce an event focused on the future of AutoTech. It was BetaKit’s first foray…
Xanadu receives grant from DARPA to test QML performance on quantum hardware
Toronto-based quantum computing startup Xanadu announced today that it has secured a grant from the Defense Advanced Research Projects Agency (DARPA). An agency of…
MaRS and EDC announce new program for startups expanding internationally
Toronto innovation hub MaRS Discovery District (MaRS) and Export Development Canada (EDC), a crown corporation, announced a new partnership today to help Canadian science…
OMERS Ventures adds experienced partner focused on Canada as firm preps for global fund
OMERS Ventures has a new addition focused on funding the firm’s back yard. Laura Lenz joins the venture capital arm of one of Canada’s…
Planswell CEO attributes company downfall to “social media storm” in investor email
An email to Planswell investors obtained by BetaKit sheds new light on the recent demise of the Toronto-based FinTech startup. Yesterday, the company published…
Planswell shuts down
Toronto-based FinTech startup Planswell is no more. In a notice posted on the company’s website, Planswell indicates that all 57 employees have lost their…
Startup Edmonton partners with Microsoft for Startups Canada
To kick off the sixth annual Edmonton Startup Week, a new startup partner has come to Alberta’s capital city. Local hub Startup Edmonton has…
Leaders Prize offers $1 million for an AI solution to fake news at #TrueNorth19
This afternoon at the True North tech conference in Kitchener-Waterloo, Communitech, in partnership with the Schulich Foundation and Leaders Fund, announced more details on…
Following government cutbacks, OCE makes significant staff cuts
The Ontario Centres of Excellence (OCE) has significantly reduced its staff, BetaKit has learned. OCE confirmed the layoffs, which took place last Thursday, stating…