Canada’s private tech firms gather to talk AI, growth, global appeal
Steve Wozniak tells Canadian Private Technology Conference to find “reasonable ways” to deal with AI.
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Startupfest 2023 awards Hutsy twice while Ora Medical receives BDC prize match
Ora secured BDC, crowd matching investments on top of the $100K Women in Tech award.
Graphite Ventures secures $10 million from AEC to continue Alberta commitment
The Toronto-based VC firm recently invested in the Calgary startup WaitWell.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
A|I: The AI Times – PitchBook says VC is done for 2023, but AI startups continue to raise
Plus: OpenAI’s personal assistant plans may spark a rivalry with benefactor Microsoft.
Feds update talent strategy as cleantech flees south
Plus: PitchBook analysts say 2023 VC funding is “pretty much shot.”
PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely
PitchBook analyst: “It’s not going to be a six-month turnaround.”
Shopify’s venture arm unveils portfolio in new website launch
Shopify’s investments focus on funding the companies that support its merchant ecosystem.
Almost sideswiped by a Stripe acquisition, Helcim responds with new Smart Terminal
After Stripe acquired its manufacturing partner, Helcim faced delays and an increasingly competitive environment.
Financeit acquires consumer-loans competitor Simply Group Financial
The deal is estimated to be worth between $175-million and $225 million.
Harvest Venture Builders adopts AI focus with new climate and energy vertical
Leaders from energy, FinTech sectors appointed to support Harvest’s new vertical.
Québec bolsters quantum footprint as semiconductor industry forms advocacy group
Plus: Angel investment in Canada mirrored VC dip in 2022.
Neo Financial launches secured credit card to help Canadians build credit
The product launch comes as Neo navigates a tough consumer-banking market.
Chexy raises $1.3 million for platform that lets tenants pay rent with credit cards
Chexy becomes latest FinTech firm to offer rewards for tenants.
R|T: The Retail Times – Canadian-founded company behind Instant Pot files for bankruptcy
Plus: Shopify partners with Volt to offer open banking solutions (but not in Canada).