Canadian startup news of the week (04/07/19)

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.

Top Stories of the Week

Canada’s 2019 Developer 30 Under 30(BETAKIT)

The Developer 30 Under 30 is an initiative dedicated to recognizing developers building the infrastructure behind Canada’s companies.

Element AI report shows artificial intelligence talent leaving Canada(BETAKIT)

A recent report conducted by Montreal-based Element AI has found a lack of women in the AI industry worldwide, alongside the fact that more AI talent was leaving Canada than coming in.

Sidewalk Labs CEO defends “real-time” planning process in front of House ethics committee(BETAKIT)

Dan Doctoroff appeared before the federal government’s Standing Committee on Access to Information, Privacy and Ethics, defending the organization’s plans to develop the Quayside project.

10 Montreal tech companies to watch in 2019(BETAKIT)

As with previous years, there is plenty going on in Montreal’s startup scene, so it was hard to narrow down the 2019 list to just ten.

Startup Milestones

  • Sharebee raises $400,000 (Read here)

  • Drug prescription healthtech, GenXys, closes $1.77 million seed round (Read here)

  • Chip startup Untether AI raises $13 million led by Intel Capital (Read here)

  • Agorize raises $20 million CAD, expanding Canadian presence (Read here)

  • Rio Investment Partners secures $77.5 million CAD for new agri-food tech fund (Read here)

Must Reads

Canadian tech needs to redefine its sense of scale(BETAKIT)

Canada has become a launch-pad for early-stage companies, but, with a few notable exceptions, we are largely still lacking later-stage success stories.

Ask an Investor: How can I create optionality after I get an acquisition offer?(BETAKIT)

No matter what stage your business is in, optionality is something you can be proactively driving towards before an acquisition comes your way.

Why 2019 will reveal Canada’s new tech darling (CanCon ep. 139)

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Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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