Canadian startup news of the week (07/29/17)


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

Report: Canadian job opportunities in AI have grown by nearly 500%(BETAKIT)

The report looked at which cities are creating jobs in AI, and what types of AI and machine learning jobs are high in demand.

Canadian gov’t announces that Startup Visa pilot program will become permanent(BETAKIT)

So far, 117 entrepreneurs have become permanent residents through the Startup Visa.

Slack reportedly raising $250 million with $5 billion valuation(BETAKIT)

Accel reportedly led the financing with Japan-based SoftBank.

That time you failed to follow up on diversity(BETAKIT)

For many startups, diversity efforts are like intramural sports — participation is optional and if you flake, no biggie.

Startup Milestones

  • Toronto-based home healthcare platform AlayaCare receives $750,000 from FedDev Ontario (Read here)

  • Greenspace raises $1.4 million to match patients with the right therapists (Read here)

  • OpenText set to acquire forensic security firm Guidance Software for $300 million (Read here)

  • Cyclica raises additional $2.25 million for platform that predicts drug effectiveness (Read here)

  • SnapTravel raises $10 million to invest in machine learning capabilities for travel chatbot (Read here)

  • Financeit expands executive team with two new VP’s (Read here)

Must Reads

#BetaKit1on1: Marie Chevrier’s advice to young entrepreneurs: go for it(BETAKIT)

In this #BetaKit1on1 (powered by PwC Tech), Sampler CEO and founder Marie Chevrier tells young entrepreneurs to just go for it.

Ask an Investor: What are some tips for equity crowdfunding?(BETAKIT)

No matter what equity crowdfunding platform you select, the mechanics of running your crowdfunding campaign will be similar.

CanCon Podcast Ep. 77: Canada’s women entrepreneurship scorecard + 5G is the future

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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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