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
The number of artificial intelligence (AI) researchers in Canada’s private sector is proportionally higher than that of other countries, according to Montreal-based Element AI’s 2020 Global AI Talent Report.
Shopify’s third-quarter financial results greatly beat analysts’ predictions – and the company just penned a commerce deal with TikTok, as well.
With new leadership and familiar advisors, Toronto innovation hub OneEleven has re-launched.
Although the report’s data surveyed United-States-based respondents, the report aligns with Canada’s progress on women representation in venture capital over the last few years.
Latest Funding, Acquisitions, and Layoffs
MESH/Diversity raises $750,000 (Read here)
Sollum Technologies raises $3.15M (Read here)
Heirlume secures $150,000 in financing (Read here)
Nyoka Design Labs receives $5,000 from Canadian Export Challenge (Read here)
Canvass Analytics raises $8.5M (Read here)
Faire raises $170M USD Series E (Read here)
Lendesk acquires Finmo (Read here)
Federal government provides $1.3M to Alberta Innovates (Read here)
Synex Medical raises $6.99M (Read here)
AddÉnergie raises $53M Series C (Read here)
RECOMMENDED BY CISCO DESIGNED
This Wednesday, November 4, BetaKit is proud to present a BetaKit Live featuring two startup founders who have found success in 2020 despite COVID-19: Erin Bury, CEO of Willful, and Jeremy Hedges, President of The Canadian Shield.
Joined by Cisco Canada Director of Innovation, Wayne Cuervo, the conversation will focus on the steps entrepreneurs can take to survive and thrive in 2020 and beyond.
The Lord Mayor made a compelling pitch as to how Canadian investors and startups could capitalize on the UK’s plans to shape global FinTech regulation post-Brexit.
The Global Skills Strategy, and its Global Talent Stream, have their limitations. We’re also still in the middle of a pandemic, which really puts a damper on global mobility. So what to make of all of this?
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