Golden Ventures closes nearly $140 million CAD for fifth seed-stage VC fund
Despite a tough market, Golden remains “long Canada” with strong support from existing LPs.
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A|I: The AI Times – OpenAI debuts Sora, a hyper-realistic text-to-video generator
Plus: How Vector Institute is reversing Canada’s AI brain drain.
Y Combinator and Yoshua Bengio-backed Armilla AI secures $6 million CAD in new funding
Armilla says its AI model warranty could have covered Air Canada’s chatbot snafu.
S|W: The SaaS Weekly – Prodigy’s got a new plan, a new CFO, and a leaner team to boost growth
Plus: It’s getting (slightly) easier to sell software.
1Password acquires Boston-based device security platform Kolide
Following the deal, CEO Jeff Shiner said 1Password expects to add 250 new positions in 2024.
Round13 Digital Asset Fund claims over 40 percent gains despite tough crypto market
Toronto fund says mix of digital assets, crypto VC has fuelled strong early returns.
F|T: The FinTech Times – Float expands with $50M debt financing from SVB
Plus: What a crumbling Brex says about the FinTech sector.
Love troubles? There’s an AI chatbot for that.
Plus: #CDNtech startups pivot and refocus in 2024.
Think Research to be acquired by lender Beedie Capital
The deal offers “the best available path forward” for the healthtech firm.
Maple VC co-leads $4-million USD seed round for Canadian-led Inference.ai
Palo Alto-based startup is the latest to receive investment from Maple VC.
York Region commits $1 million to support international, women entrepreneurs
Project JumpSTART aims to create a soft landing for tech entrepreneurs in the York Region.
H|T: The Healthtech Times – Beleaguered 23andMe weighs splitting
Plus: Amazon makes cuts in healthcare units.
ZayZoon, Symend, Peggy named to CIX’s top early-stage, growth startup lists
This is the first edition of the lists since Elevate acquired CIX in September 2023.
Supply chain software company Nulogy receives strategic backing from US private equity firm Rubicon
With Rubicon’s experience and more cash on hand, Nulogy is exploring new ways to scale.
Lightspeed founder Dax Dasilva returns as interim CEO, replacing JP Chauvet
Despite recently beating its fiscal Q3 targets, Lightspeed’s shares have still fallen.