VentureLab appoints semiconductor industry leader Hugh Chow as CEO
Hong Kong-born Chow sees room for VentureLab to extend itself globally.
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H|T: The Healthtech Times – Prognosis bankruptcy for Babylon, Imagia Canexia
Plus: Amazon threatened with legal action over sales of “unapproved” drugs.
R|T: The Retail Times – Shopify and Amazon strike a deal
Plus: Benitago files for bankruptcy.
CDL-Vancouver preps fall innovation mining and minerals conference following launch of minerals stream
Conference will take place October 25 at the Vancouver Convention Centre.
Space-tech startup Mission Control shoots for the Moon (and Mars) with funding from GreenSky
Mission Control’s customers have included the Canadian Space Agency, NASA, and MDA.
A|I: The AI Times – Cohere reportedly hunting for fresh funding as OpenAI passes $1B revenue pace
Plus: Xanadu, TMU to develop quantum computing educational program.
Rockwell Automation signs agreement to acquire Waterloo-based Clearpath Robotics
Clearpath’s mission statement is to automate “the world’s dullest, dirtiest, and deadliest jobs.”
Meet the Y Combinator Summer 2023 cohort startups with Canadian connections
Participants include Decoda Health, Greenlite, LifestyleRX, Spine AI, Tempo Labs, Terminal, and VaultPay.
S|W: The SaaS Weekly – Rubrik aims for IPO, SentinelOne is not for sale
Plus: Replicon is acquired by US-based Deltek.
CiteRight and fellow Canadian legaltech startup Jurisage ink deal to merge
Merger will combine CiteRight’s litigation-drafting platform with Jurisage’s AI tech.
Clay Financial raises $1.7 million CAD to develop its home-equity sharing agreement platform
Clay aims to launch its platform in the Greater Toronto Area later this year.
Former Global Founders Capital partner launches Northside Ventures to back pre-seed Canadian entrepreneurs across North America
Northside has secured $6.25 million USD from Inovia, Intact, Bain, Golden Ventures, and Garage Capital, among others.
F|T: The FinTech Times – Crypto startup loses $38.9-million wallet password, goes bankrupt
Plus: Canadian FinTech startup duo partners to bring AI-powered advice to financial advisors.
OMERS Ventures loses VC head in latest leadership turnover
Plus: Gambit Partners aims to take some risk out of early-stage investing.
Parental leave requirements for Canadian entrepreneurs make no sense
Erin Bury (Willful) and Marie Chevrier (Sampler) discuss dumb restrictions and ongoing stigmas.