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Today in funding: Thinkific, Attendease, Replica Analytics, HealthTech Connex (BETAKIT)
Four Canadian startups have recently announced fresh funding rounds to fuel their growth. Here’s the latest on who raised.
XtalPi lands massive $319M SoftBank-led round C to continue its high-tech drug discovery (TECHCRUNCH)
XtalPi works with major pharmaceutical companies like Pfizer that need to identify promising new drug-like molecules and learn as much about them as possible.
COVID Alert app nears 3 million users, but only 514 positive test reports (CTV NEWS)
The new statistics come as politicians once again ramp up calls for Canadians to download the software amid climbing case counts nationwide.
Late-stage AI deals push Waterloo Region’s venture funding to five-quarter high in Q2 2020 (BETAKIT)
Venture funding in the Waterloo Region reached $148.6 million in the second quarter of 2020, largely driven by two large investments into AI startups.
How VR in healthcare delivers pandemic education and outreach (HEALTHTECH MAGAZINE)
Virtual reality solutions give medical schools and healthcare organizations a new way to teach clinicians, patients and the public.
The pandemic sparked the rise of tele-abortion. Is it here to stay? (FAST COMPANY)
After 20 years in the U.S., medication abortion is finally widely accessible through telehealth. But a looming Supreme Court ruling could change all that.
Cyberattack hits major U.S. hospital system (CNBC)
Computer systems for Universal Health Services, which has more than 400 locations, primarily in the U.S., began to fail over the weekend.
Federal government’s CERB replacement measures pass in the House (BETAKIT)
The federal government has passed a new bill that would replace the program with three new streams of federal COVID-19 benefits.
Hims & Hers to go public through blank-check company (MED CITY NEWS)
The direct-to-consumer telehealth startup will go public through a merger with special purpose acquisition company Oaktree Acquisition Corp. The combined entity is expected to be valued at $1.6 billion.
COVID-sniffing robots offer a testing alternative, startup bets (BNN BLOOMBERG)
A biotechnology startup called Koniku is trying to develop robots that could sniff out COVID-19 infections faster than conventional testing.