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
Facebook is opening an AI lab in Montreal(BETAKIT)
Joelle Pineau, the co-director of McGill University’s Reasoning and Learning Lab, will lead the lab.
Toronto launches Civic Innovation Office, announces Paula Kwan as director(BETAKIT)
The announcement was made during Elevate Toronto.
Announcing the BetaKit Spotlight selectees(BETAKIT)
In choosing the BetaKit Spotlight selectees, we kept in mind one of Elevate Toronto’s core values: “diversity is our strength.”
Lyft reportedly expanding into Canada this year(BETAKIT)
This would mark the company’s first foray outside of the US since its launch in 2012.
Startup Milestones
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Sam:) acquired by New York-based AI chatbot Hugging Face (Read here)
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Vancouver-based Foodee raises $10 million to continue North American expansion (Read here)
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Diagram raises additional $5M, adds PasswordBox founders to team after proving market fit (Read here)
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DeepLearni.ng raises $9 million Series A to bring AI to enterprise (Read here)
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Shopify launches app allowing merchants to create QR codes (Read here)
Must Reads
The rise of Canadian AI requires a few critical components(BETAKIT)
Enterprises need to find strategic ways to collaborate with new AI companies.
Ask an Investor: What is the role of a VC?(BETAKIT)
Just like the role of a founder morphs, the role of a VC changes throughout the life of a startup.
CanCon Podcast Ep. 85: Tech nostalgia + Canada’s Amazon bidding war
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