Netcoins loses $343,000 in second security breach within 17 months
“Bad actor” makes off with hundreds of thousands from the cryptocurrency platform’s operational float.
Canadian Startup News
ZayZoon closes Series B to fuel continued US expansion of earned wage access business
ZayZoon nabs $34.5 million USD in debt and equity to help workers access a cash-advance alternative to payday loans.
Nàdarra Ventures makes $20-million first close in new Canadian biotech fund for sustainable chemicals development
Backed by Farm Credit Canada and Natural Products Canada, fund target is $50 million.
Aquanow launches AQN Digital Ventures Fund to back next generation of blockchain startups
Fund has already invested more than $1 million in seven companies, including BoomFi and Mash.
Monark closes $1.5 million led by Storytime Capital to modernize leadership development
Former leadership-development consultants aim to engage leaders earlier and more continuously with tech.
ALL IN to showcase Canada’s AI at major conference
More than 60 case studies of Canadian AI projects and 100 AI startups will be featured.
Simmunome secures $2 million to make clinical trials more efficient with AI
Montréal startup’s backers include Theodorus, Eurêka, BKR Capital, Sandpiper, and ACET Capital.
Deep Genomics adds life sciences veteran as CEO to support its evolution into a biopharma firm
Brian O’Callaghan to lead Toronto firm as founder transitions to chief innovation officer.
SaaSquatch acquired by US-based partnership management platform Impact.com
Deal follows Impact.com’s recent purchase of another BC tech startup: Pressboard.
CCI calls for Parliamentary Technology and Science Officer to help get AI regulation right
CCI report says AI opportunities to reach $2 trillion by 2030.
Paper cuts more staff in second round of layoffs since August
Another 87 “paperites” let go as EdTech startup aims for profitability.
Streamforge raises $1.6 million CAD to scale AI-driven influencer marketing
Montréal startup hopes seed round enables European, Asian expansion.
How CIOs can prepare for the “tectonic change” of generative AI
Coveo CEO Louis Têtu travelled the world talking to CIOs about their AI concerns. Here’s what he learned.
Ontopical closes $3.3 million seed extension to help companies navigate the local government procurement process
Rhino and Graphite Ventures-backed Ontopical mines public data for private sector clients using AI.
Inovia announces $34-million CAD Discovery Fund for early-stage VCs
Fund formalizes Inovia’s support for emerging managers as many struggle to fundraise.