H|T: The Healthtech Times – Lululemon’s failed attempt at becoming a tech company
Plus: Felix and Eli raise new rounds.
fintech
A|I: The AI Times – Samsung workers made a major error by using ChatGPT
Plus: Anthropic’s $5B, 4-year plan to take on OpenAI.
BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
H|T: The Healthtech Times – BC researchers have an AI model that predicts cancer survival rates
Plus: Toronto’s Hypercare sole Canadian startup selected for AWS healthcare
Meet the Canadian startups participating in Y Combinator’s Winter 2023 Demo Day
A total of 282 companies participated globally.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.
A|I: The AI Times – Sam Altman isn’t worried—but Yoshua Bengio is
Plus: Italian privacy regulator bans ChatGPT.
LayerZero Labs raises $120 million at $3 billion valuation to enable more multi-blockchain apps
VCs continue to bet on long-term growth for crypto despite volatile market.
Canadian startup news of the week (4/2/23)
Plus: RenoRun files for creditor protection.
MaRS Discovery District launches new program for “high-growth” Canadian companies
The program is backed by existing FedDev funding.
S|W: The SaaS Weekly – Magnet shareholders ignore critics, back acquisition
How 1Password plans to build a passwordless future.
Federal budget a “huge win” for cleantech, but Canada still at risk of missing out
Now is not the time to stop investing in Canada’s clean economy.
Federal #Budget2023 includes cleantech commitments, little else for innovation
Budget 2023 includes $500 million to SIF for cleantech projects, billions in clean energy tax credits.
Québec budget aimed at stimulating the economy with investments in tech sectors, skilled labour
Cleantech, FinTech, AI, and quantum sciences are getting attention.
Vertu Capital closes first private equity fund with over $300 million
Led by ex-OMERS veteran Lisa Melchior, Vertu is Canada’s first woman-founded PE firm.