Canadian startup news of the week (10/15/17)

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

Navdeep Bains says not-for-profit model will keep superclusters accountable(BETAKIT)

“The money goes to the consortium, and there will be metrics around governance.”

Sabrina Geremia named new Google Canada head(BETAKIT)

Geremia has over 11 years of experience at Google.

DeepMind opens second international lab in Montreal(BETAKIT)

DeepMind’s partnership with McGill University will provide funding to AI research and sponsorship of PhD students.

  • Nuco raises $27 million to build interoperable blockchain network (Read here)

  • Ross Intelligence raises $13 million Series A (Read here)

  • Drop launches in the US with $5.5 million from Sierra Ventures, Portag3 (Read here)

  • Swept raises $2.5 million to tackle employee turnover in the cleaning industry (Read here)

  • Pelmorex acquires Addictive Mobility as part of shift to provide data solutions (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: What are the signs of a bad term sheet?(BETAKIT)

“If you aren’t familiar with term sheets, everything may look out of the ordinary.”

CanCon Podcast Ep. 88: Canadian sellouts and bad startup management

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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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