American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.”
Canadian Startup News
Next Canada names startups in latest cohorts for its three accelerators
Next AI participants can receive up to $100,000.
Tech leaders, academics gather to discuss how Canada can reach net-zero emissions by 2050
The CityAge conference explored how Canada can grow sustainably to a population of 50 million.
Hopper co-founders launch new carbon capture startup, Deep Sky, with $10 million in funding
Deep Sky aims to scale carbon removal.
Report: powerful, new foundation models set to transform how businesses use AI
Accenture report outlines the next generation of AI on its way.
Elevate to return for 2023 with Lisa LaFlamme, Dragons’ Den, and Shark Tank stars among speaker lineup
Policy regulations around AI, Bill C-11 will be discussed at Elevate this year.
Conference Board of Canada, MaRS launch new innovation group as growth in Canadian ecosystem lags
Despite new federal programs, Canada’s innovation sector hasn’t picked up pace.
Canadian venture capital investment in Q1 2023 drops by 82 percent compared to last year
VC saw a sharp decline in both amount invested and number of deals compared to last year.
Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Shopify cuts 20 percent of staff, announces sale of logistics division
“There’s no way to make this good news,” Shopify CEO tells employees in company letter.
Diagram Ventures closes $100-million for latest fund as it continues to bet on FinTech
For the first time, Diagram will also invest in companies it doesn’t have a hand in creating.
1Password CEO calls Google’s move to passkeys “tipping point” for eliminating passwords
1Password is on a mission to lead the shift from traditional passwords to passkeys.
Startup Montréal awards $400,000 to startups as FounderFuel reveals first revamped accelerator cohort
Both programs award seed funding and mentorship support to tech founders.
Brightspark seeks to recreate its “home run” exits of Think Dynamics, Radian6 as it launches $120-million fund
Brightspark Ventures has made an initial close of $60 million towards its target.
Shopify backs Nigeria-based FinTech Nomba in $30 million round
Nomba provides payments and banking tools for businesses.