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
Approximately 30 to 50 employees were laid off, according to multiple sources with knowledge of the company’s operations, who spoke to BetaKit on condition of anonymity.
The survey results echo what another lobbying group, Save Small Business, has found regarding the CECRA.
The updates are aimed to help employers prepare to apply for the fifth period of the CEWS, which will open for applications on August 17.
Latest Funding, Acquisitions, and Layoffs
Dapper Labs raises $12M USD (Read here)
FleetOps raises $6M in seed funding (Read here)
Plurilock to receive $120,000 from NRC IRAP (Read here)
Fortai raises $250,000 seed round (Read here)
EnergyX raises $1M (Read here)
Flyscan Systems secures $5.7M in venture funding (Read here)
Zoom.ai raises $600,000 in funding (Read here)
Atomwise raises $163M Series B (Read here)
RECOMMENDED BY BETAKIT
With COVID-19, it has never been more important to understand how Canadian firms innovate. The Conference Board of Canada is publishing an in-depth study on how innovation translates into growth.
Canadian tech firms and ecosystem partners are invited to join the survey. You will be first to receive the full report.[Start the Survey]
“We want to be bold, we want to think big, but we want to be flexible and nimble as well.”
Willful is a Toronto-based startup that helps people easily create a legal will. Not the sexiest of startups in normal times, but these are not normal times.
Subscribe to B|K: The BetaKit Newsletter
Subscribe to B|K using the form below to ensure the best from BetaKit hits your inbox every week.