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
Digital Main Street launching new programs for small businesses following federal, provincial funding
The programs are being funded by and are the result of a $57 million federal and provincial government commitment to Digital Main Street, first announced in June.
In June, BetaKit was first to report that multiple organizations had submitted proposals to acquire OneEleven, following the shutdown.
The program targets seed to Series A Canadian tech startups that use machine learning and AI.
Latest Funding, Acquisitions, and Layoffs
Attabotics raises $66M Series C round (Read here)
ThoughtWire closes $11.5 million in debt financing (Read here)
Odyssey Interactive launches with $7.9M (Read here)
Synapse raises $2.6M (Read here)
Showbie raises $5M Series A (Read here)
Flyscan Systems secures $5.7M in venture funding (Read here)
Tulip acquires Blueday (Read here)
Amika Mobile acquired by Genasys (Read here)
ComplyWorks acquired by Veriforce (Read here)
Koantic acquired by Absorb Software (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]
“There’s this asterisk attached to everybody’s answers right now, because they reserve the right to revise them all in a week.”
Unlike other major tech events in Canada, which look to attract the world’s attention, Startupfest has a unique proposition.
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