Symend reduces team by 25 percent in restructuring, four months after $54 million round
Latest cuts come after Symend laid off 13 percent of staff late last year.
Canadian Startup News
Mila, UNESCO warn against use of AI in “harmful contexts” in joint book on AI governance
Joint book addresses lack of accountability, transparency in AI training models.
Canada Drives undergoing restructuring as it files for creditor protection
“The rising costs of holding inventory…has made this specific business model no longer viable.”
Haply Robotics secures $4.8 million CAD seed round to develop tactile tech used for surgical training, gaming
Funds will go towards fine-tuning Haply’s Inverse3 device.
BBTV among 10 BC orgs receiving total $25.7 million from PacifiCan to help job retention amid tech layoffs
Over 500 jobs are expected to be created from the investment.
BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
Investment in the province’s tech startups fell by 67 percent in 2022.
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
Amazon won’t confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
Worldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
DMZ Demo Day event to hand out $300,000 in prizes for startups
Entrepreneurs will get to pitch and network with hand-picked global investors.
Ericsson sets up new quantum research hub in Montréal
Telecom tech provider has also partnered with University of Ottawa and Sherbrooke.
How 1Password plans to build a passwordless future
Now in a key 18-month window, 1Password plans to ramp up its shift to passkeys in 2023.
Proptech startup Operto raises $34.4 million CAD to open the door to new markets, literally
Operto eyes bringing its electronic check-in and check-out experience to more hotels.
BC government extends tax credit for digital media companies to cut employment costs
Minister of Innovation says tax credit will help nearly 250 companies in the province.
Paper acquires literacy tool Readlee to help curb pandemic-fuelled literacy crisis among children
Readlee was created by Harvard researchers and masters teachers.
Shinydocs raises $16.25 million to make it easier to find buried files, media, documents
Shinydocs’ platform automates information management for organizations.