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
Vector Institute names Garth Gibson as CEO(BETAKIT)
Garth Gibson was Carnegie Mellon University’s co-director of its Master of Computational Data Science program.
Canadian gov’t says Facebook, DMZ set to partner on digital news incubator(BETAKIT)
Participants will reportedly receive startup funding and mentorship.
Yung Wu is MaRS’ new CEO(BETAKIT)
Wu will begin his new role at MaRS on November 1st.
Startup Milestones
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Koho raises $8 million from Portag3 as Paul Desmarais III and Mike Katchen join board (Read here)
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Transit raises $5 million with mission to make car ownership obsolete (Read here)
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Ritual raises $53 million Series B (Read here)
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Zoom.AI acquires SimplyInsight to double down on natural language processing (Read here)
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Analytics 4 Life raises $25 million Series B for AI-powered cardiac imaging tech (Read here)
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Picniic raises $2 million from Norway-based Telenor (Read here)
Must Reads
Canada’s strong AI talent could attract more corporate VC funding(BETAKIT)
PwC’s Michael Dingle explains what a rise in corporate venture funding means for the Canadian startup ecosystem.
Ask an Investor: When should I hire a VP of finance?(BETAKIT)
Raising a seed round is almost entirely predicated on the team and the end vision.
CanCon Podcast Ep. 86: Bigger tweets, Netflix dollars + Canadian tech in China
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