A|I: The AI Times – Why Midjourney’s founder rejects venture capital
Plus: Rockwell Automation to acquire Clearpath Robotics.
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S|W: The SaaS Weekly – Canadian legaltech duo agrees to merge, SAP nabs LeanIX in $1B+ deal
Plus: David Sacks has a new SaaS startup for other SaaS startups.
F|T: The FinTech Times – Circle is losing to Tether, Square merchants lose connectivity
Plus: Meet the Y Combinator Summer 2023 cohort startups with Canadian connections.
Cultivator hits $100M milestone as Conexus loses VC Sean O’Connor
Plus: How this multi-millionaire “pirate” entrepreneur kicked his self-destructive habits.
H|T: The Healthtech Times – Prognosis bankruptcy for Babylon, Imagia Canexia
Plus: Amazon threatened with legal action over sales of “unapproved” drugs.
R|T: The Retail Times – Shopify and Amazon strike a deal
Plus: Benitago files for bankruptcy.
A|I: The AI Times – Cohere reportedly hunting for fresh funding as OpenAI passes $1B revenue pace
Plus: Xanadu, TMU to develop quantum computing educational program.
S|W: The SaaS Weekly – Rubrik aims for IPO, SentinelOne is not for sale
Plus: Replicon is acquired by US-based Deltek.
OMERS Ventures loses VC head in latest leadership turnover
Plus: Gambit Partners aims to take some risk out of early-stage investing.
H|T: The Healthtech Times – AbCellera denies patent infringement, Waystar eyes $8B valuation
Plus: Truepill moves to cut share price by 90 percent.
R|T: The Retail Times – TikTok to remove its Storefront integration, Instacart officially files for IPO
Plus: Hopper scores Air Canada partnership with embedded FinTech.
A|I: The AI Times – Tiger Global’s share sale puts Cohere at a $3 billion valuation
Plus: A new Canadian generative image startup gets $22.3 million.
S|W: The SaaS Weekly – BlackBerry has an interested buyer
Plus: Google faces executive turnover as the company searches for a new identity.
F|T: The FinTech Times – Better.com’s stock tanks, Ramp officially closes $300M at valuation haircut
Plus: Hopper’s embedded FinTech offerings are now half of its app revenue.
AI, cleantech stay hot as mega-deals carry Canada to second-largest Q2 on record
Plus: MindBridge founder Solon Angel joins Fresh Founders as managing partner.