Fairly AI raises $2.2 million CAD to help AI firms comply with forthcoming regulatory requirements
Fairly wants to accelerate the broad use of fair and responsible AI.
Canadian Startup News
Wealthsimple co-founder Rudy Adler steps back as CMO as company makes exec changes
Diederik van Liere joins startup as new CTO.
General Assembly takes slice out of business, sells frozen pizza line
General Assembly saw an over 40 percent decline in revenue from its frozen pizzas.
BBTV resolves dispute with Ethan Klein as YouTube creators raise concerns over revenue payouts
Prominent YouTubers Kavos and Yo Mama have also taken issue with BBTV’s policies.
Yung Wu to depart as MaRS CEO at end of 2023 as innovation hub begins search for next leader
Wu will remain at organization’s helm during CEO transition.
BDC launches $150 million Sustainability fund in revamp of Industrial, Clean and Energy Technology Venture Fund
The Sustainability Venture Fund is set to complement BDC’s $400 million Climate Tech Fund.
Miovision acquires Global Traffic Technologies, raises $260 million from Telus, Maverix, EDC
Miovision is buying Global Traffic Technologies for $107 million USD.
Tab Commerce closes $1 million USD to help restaurants manage expenses
After growing up in the industry, Tab Commerce’s CEO has returned to his roots.
These companies are hiring product managers across Canada
Manage products in anti-fraud, communications, and data management.
Kepler Communications raises $122.7 million CAD to launch more high-speed satellites
Kepler’s low earth to orbit satellites reportedly deliver speeds of 2.5 gigabytes per second.
Regina-based parking validation app Offstreet closes $1.2 million seed round
The app removes the need for human-verified parking exemptions.
ChargeLab secures $15 million, commercial partnerships with electric vehicle companies to expand US presence
ChargeLab touts itself as “the Android of EV charging.”
Mila secures $21 million from Québec government to support ethical AI research, projects
The provincial government also invested $14.3 million into ten incubators, accelerators.
Calgary Police Force, Chainalysis partnership aims to reduce cryptocurrency scams
Partnership hopes to offer training, support to other law enforcement agencies.
Volta moves to new office to further focus on hybrid support for Atlantic Canadian startups
Volta started offering virtual residency to startups in 2021.