The can’t-miss events at Saskatoon Startup Week and Ottawa Innovation Week
Must-attend events include AccelerateOTT on June 12 and Saskatoon’s Fail Fest on June 13.
Canadian Startup News
Government-backed program aims to help Canadian non-profits adopt responsible AI
RAISE hopes to make Canada a leader in AI for charities and social impact causes.
Taiv lands $14.4-million CAD Series A to put targeted ads on bar and restaurant TVs across North America
Winnipeg startup’s adtech solution aims to make business TVs more profitable and engaging.
Canada’s Bengio brothers offer new AI critiques, solutions
Plus: American chip giant AMD to acquire Untether AI team.
American chip giant AMD to acquire Untether AI team
AI inference chipmaker to cease supporting its products and shut down.
Investissement Québec records annual loss on VC and fund investments
Provincial investment agency’s overall $13-million return came in well below $194 million forecast.
ApplyBoard lays off employees due to “policy changes across major study destinations”
Edtech unicorn is focusing beyond English-speaking world as Canada and US cut immigration numbers.
Portless raises $24.7 million to be retailers’ port in a trade storm
Logistics startup gives importers alternative to up-front duties following end of “de minimis” exemption.
Rails launches hybrid crypto exchange after raising $14 million USD in token warrant sale
Toronto and Miami’s Rails claims to provide self-custody without sacrificing performance.
CarbonCure and VerticalScope replace founding CEOs as #CDNtech companies see turnover at the top
Adlib Software and Scope Technologies also recently shuffled the C-suite.
Fispan continues industry trend of secondary-heavy deals with Series B round
Vancouver-based embedded banking startup says it’s bringing in $34 million annually.
DIGITAL Innovation Cluster providing $15 million across 16 Canadian AI-based training and CareerTech projects
Projects backed by matching $15-million private investment aim to upskill and connect workers with employers.
As aging entrepreneurs retire, BDC and FNBC announce $100 million to help Indigenous groups buy their businesses
FNBC and BDC want to help Indigenous communities buy established Canadian firms, aid “economic reconciliation.”
American gig giants Instacart and Uber add Canadian executives to top leadership positions
Chris Rogers tapped to lead Instacart as CEO, Uber appoints Andrew Macdonald as global president and COO.
Xanadu touts another advancement toward scalable quantum computing
Startup’s researchers generated error-resistant photonic qubits on a single chip for the first time.