A|I: The AI Times – Canadian AI chip manufacturer closes $100M from global backers
Plus: Luge Capital’s David Nault on making investment decisions through the AI hype cycle.
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EventMobi acquires US-based virtual events platform Run The World
The deal comes as demand for virtual gatherings has fallen from pandemic highs.
S|W: The SaaS Weekly – Atlassian & Cloudflare score big, Zoom sends employees back into the office
Plus: Uber finally makes a profit.
After only four years in market, OMERS Ventures is pulling out of Europe to focus on North America
North America is “best positioned to weather the current and future economic storms,” said global managing partner Damien…
Niricson closes $10-million Series A to monitor critical infrastructure using tech
Victoria startup’s solution has been tested at Toronto’s Pearson Airport and Saskatchewan’s Gardiner Dam.
Brookfield and Sequoia Heritage’s reported new fund is well-positioned to scoop up discount tech startups
Valuations are down and Canadian companies are filling for insolvency at a 10-year high.
F|T: The FinTech Times – Neo Financial goes all-in on partner credit cards, US regulators worry of Binance bank run
Plus: National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio.
Canadian startup struggles continue with more layoffs, shutdowns
Plus: Do Canadian entrepreneurs take risks?
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
R|T: The Retail Times – Shopify adds new merchant tools, loses long-time VP
Plus: Shein makes an aggressive pitch to woo US Amazon sellers.
H|T: The Healthtech Times – Turnstone Biologics goes public, Dialogue Health to be acquired
Plus: Vital Bioscience reveals desktop blood tester with big backers.
Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
A|I: The AI Times – Cohere releases Coral, Shopify unveils AI suite
Plus: Yoshua Bengio issues stark warning to U.S. Senate.