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Layoffs persist at Canadian tech companies amid bleak outlook for 2023 (BETAKIT)
More than a dozen Canadian tech companies have recently laid off employees, BetaKit has learned, joining a growing list of firms to shed staff in 2022.
Komodo Health banks $200M equity infusion to fuel growth as it restructures, cuts head count by 9% (FIERCE HEALTHCARE)
Coatue Management led the new investment with Dragoneer Investment Group contributing. Komodo Health continues to experience strong growth despite volatile market headwinds, Web Sun, company president and co-founder, told Fierce Healthcare in an exclusive interview.
KeyOps secures $4 million CAD to connect pharma sales, marketing staff with physicians (BETAKIT)
KeyOps’ platform enables pharmaceutical sales and marketing teams to match and deploy short, digital surveys, asynchronous advisory board meetings, and to test marketing content with a network of expert physicians.
From Ada Support to Neo Financial, Canada’s top startups build on AWS. But they didn't do it alone. So whether you're looking for help solving a technical challenge, hiring the right engineers, or finalizing a fundraising round, we have all the resources you need to get started. There’s a reason more startups build on AWS than any other provider: we're here to help you succeed, from inception to IPO.
Temasek backs India’s HealthKart in $135 million funding (TECHCRUNCH)
Temasek led the Gurgaon-headquartered firm’s Series H funding, valuing the 11-year-old startup at about $350 million. The startup, which also counts Sequoia India, Sofina and IIFL among its backers, has raised about $225 million to date, according to market research firm Tracxn.
Think Research reports increased revenues, debt in Q3 (BETAKIT)
That money translated into $8.9 million after transaction costs. During the first nine months of 2022, cash allocations included payments of $2.4 million on lease liabilities, $2.3 million for finance costs, and investments of $2.9 million in intangible assets.
“Out Of Control”: Dozens of Telehealth Startups Sent Sensitive Health Information to Big Tech Companies (THE MARKUP)
An investigation by The Markup and STAT found 49 out of 50 telehealth websites sharing health data via Big Tech’s tracking tools.
Statements from Alberta innovation minister cast doubt on return of investor tax credit (BETAKIT)
In a recent interview with BetaKit, the minister spoke about his goals for the new role, noting areas he plans to focus on and others he does not: such as the Alberta Investor Tax Credit (AITC).
Medly Health, owner of pharmacy startup, has filed for bankruptcy with plans to sell 22 stores (FIERCE HEALTHCARE)
Founded in 2017, Medly touted itself as a full-service pharmacy that provides on-demand, same-day prescription delivery and also validates and files insurance claims and worked directly with patients to manage adherence to medication and refills.
New BC innovation minister Brenda Bailey lays out how she plans to support province’s tech, innovation (BETAKIT)
Bailey has taken over BC’s innovation agenda from Ravi Kahlon, a fellow member of the province’s New Democratic Party, who has been reassigned to lead BC’s newly created Ministry of Housing.
Headspace Meditation App Cuts 50 Workers, or 4% of Staff (BNN BLOOMBERG)
“We are taking this step to equip Headspace Health as a long-term, sustainable business that can weather various economic environments while continuing to execute on our mission,” the company said in a statement.
Does scaling your startup feel like constant chaos? Here’s what to do. (BETAKIT)
Startup leaders are accustomed to the mantra of ‘move fast and break things’ because this growth-at-all-costs mentality produced some of the largest companies the world has ever known. But along with it came intense working hours and mental health risks for founders and employees.
Alpha-9 Lands $75 Million to Build New Vancouver Facility, Battle Cancer (TECHCOUVER)
The San Francisco-based behavioral health tech startup declined to specify how many roles were impacted. The layoffs are part of its evolution from tech-backed autism service provider to a near-pure play software company, Elemy CEO Yury Yakubchyk told Behavioral Health Business.
MedTeq, Age-Well receive $47 million from SIF to deliver tech meant to help seniors, caregivers (BETAKIT)
The funding was made through the Strategic Innovation Fund. It will be allocated towards envisAGE Network’s goal to launch up to 100 projects to scale up and commercialize technologies developed by small and medium-sized enterprises (SMEs).
Bezos and Gates back Synchron in drive for brain implant breakthrough (BNN BLOOMBERG)
Synchron said Thursday it completed a $75 million funding round, part of it from Bezos Expeditions. The financing was led by ARCH Venture Partners, and includes a check from Gates Frontier, the venture investment arm of Microsoft Corp. co-founder Bill Gates, and others. Existing investors also participated, including Khosla Ventures — whose founder, Vinod Khosla, introduced Oxley to Gates.
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