Canadian startup news of the week (11/12/17)

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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

Justin Trudeau and Eric Schmidt

#GONORTH17: Shared values, education system helps Canada lead in AI, says PM Trudeau

AI experts and Canadian tech leaders at Google’s Go North Summit also discussed the large implications of Artificial Intellingence technology on society.


BetaKit

Vancouver to add 1,000 jobs with new Amazon office, but no HQ2

1,000 new jobs and a 150,000 sq ft office by 2020 is a pretty nice consolation prize.


BetaKit

Canadian AI experts urge for global ban on killer robots

Experts are urging the government to ban any AI systems that would remove “meaningful human control” while deploying lethal force.


Startup Milestones

  • Canadian-founded LogDNA closes $9 million CAD Series A (Read here)

  • Coconut Software closes $4.2 million Series A (Read here)

  • Solink raises $5 million for surveillance video auditing software (Read here)

  • VarageSale fails to monetize in time, acquired by VerticalScope (Read here)

  • Shopify’s Tobi Lütke named chair of Canadian government’s digital industries table (Read here)


Must Reads

handshake

Canada’s strong AI talent could attract more corporate VC funding

PwC’s Michael Dingle explains what a rise in corporate venture funding means for the Canadian startup ecosystem.


BetaKit

Ask an Investor: How do I evaluate and communicate my competition?

“Be thoughtful about why your competitors’ approach is both worse and better than yours.”


CanCon Podcast Ep. 93: Animoji Karaoke + youth tech addiction

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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.