After hiring freeze, Wealthsimple makes staff cuts
Approximately 13 percent of Wealthsimple staff are affected by the cuts.
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A|I: The AI Times – Meta shakes up AI unit
Plus: ‘AI’ Shopping Startup Exaggerated Tech Capabilities to Potential Investors.
CapIntel closes $14.2 million CAD Series A to fuel US expansion of wealth management sales platform
With help of US-based FinTech Collective, CapIntel aims to build on Canadian growth.
Québec’s new French language bill prompts letter of concern from tech business leaders
Stringent language requirements raise worries over attracting talent and economic damage.
S|W: The SaaS Weekly – Bessemer says centaurs are cool now, Clio agrees
Plus: 1Password adds Shopify alum Erin Zipes as chief legal officer, doubling C-suite over past year
F|T: The FinTech Times – Clearco continues EU expansion, Hopper continues FinTech expansion
Plus: How crypto giant Binance became a hub for hackers, fraudsters, and drug traffickers
H|T: The Healthtech Times – The 🇨🇦 company taking the pain out of patient transfer
Plus: Quebec’s medical records database still only accessible via Internet Explorer.
Orna raises over $1 million in seed funding to bolster AI-powered cybersecurity platform
Orna is working on using blockchain tech for secure data storage.
Thin Air Labs secures $20 million in initial close of Prairie-focused venture fund
The Prairie tech firm has targeted $100 million for first fund.
A|I: The AI Times – Borealis’ ‘big leap forward’
Plus: AI Is New but Not Immune From Old Rules, Bank Regulators Say.
Shopify finds conflict minerals in its third-party manufactured components
US, EU require conflict minerals reporting; Canada does not.
Nasdaq to acquire Montréal ESG software provider Metrio
Nasdaq’s last Canadian acquisition was Verafin for $2.75 billion USD.
A|I: The AI Times – Is Canada’s IP strategy paying off?
Plus: The alarmingly accurate face search engine anyone can use.
S|W: The SaaS Weekly – VMwares for sale… sold!
Plus: Humi closes $31 million Series B.
Worximity secures $14 million for smart factory analytics tech
Worximity part of the push towards the ‘Fourth Industrial Revolution.’