Canadian startup news of the week (05/27/18)

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

Canadian Women’s Network wants to give women founders Silicon Valley connections(BETAKIT)

The Canadian Women’s Network is hosting a series of events from June 11 to June 15 at its Canadian Landing Pad.

Samsung opens AI research centre in Toronto(BETAKIT)

Samsung Research is looking to strengthen the company’s AI capabilities by expanding its global AI research.

Canada maintains “C” grade in Conference Board of Canada’s innovation report card(BETAKIT)

Compared to 16 peer countries, Canada maintained a “C” grade with a 12th place rank, falling behind countries like Australia, Belgium, and Japan.

Today in crypto: OSC and BCSC crack down on unregistered cryptocurrencies, CryptoKitties gets sued(BETAKIT)

The Ontario Securities Commission called out several specific firms it said are not registered to give advice in Ontario.

Startup Milestones

  • AvenueHQ raises $4.5 million to expand realtor marketing platform across the US (Read here)

  • Circle Cardiovascular Imaging raises $16 million to help physicians diagnose cardiovascular diseases (Read here)

  • With $2 million in seed funding, NorthOne wants companies to understand their financial health (Read here)

  • Terminal raises $13 million Series A, adds Clay Kellogg as CEO (Read here)

  • Fiix raises $15.4 million to help businesses track equipment maintenance (Read here)

Must Reads

Report: Canadian tech investment hits record $1.3 billion CAD in Q1 2018(BETAKIT)

Q1’s $1.28 billion funding amount is the largest seen since CB Insights began collecting MoneyTree data in 2012.

Ask an Investor: How do I maximize my time at conferences?(BETAKIT)

There are three general motivations for attending a conference – landing customers, impressing investors, and gaining accolades.

CanCon Podcast Ep. 116: Why people are pissed about Wavefront + what’s influencer marketing?

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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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