F|T: The FinTech Times – Procurify, Hiive secure new funding to tackle spend management & secondaries
Plus: Plaid hires first CFO on road to IPO.
toronto
EDC report says Canada is struggling to convert startups to scaleups
Plus: Ripple Ventures plants flag in Vancouver as part of coast-to-coast Fund III.
Why Korean car makers want Tenstorrent’s AI hardware
Getting nerdy with the Canadian hardware company attracting global interest.
Blockchain payments firm Ripple is hiring software engineers in Canada
The San Francisco-based company is looking for software engineers in its Toronto office.
H|T: The Healthtech Times – AI takeover: predictive pitfall or “medicine’s biggest moment” since antibiotics?
Plus: Quebec City-based OpSens acquired by US firm in $345M deal.
What Allen Lau learned from Wattpad’s $754-million acquisition
Co-founder shares M&A insights ahead of TechExit appearance on October 25.
Canada losing its appeal to Indian tech workers following diplomatic tensions, affordability challenges
Nearly half of the tech workers who moved to Canada between April 2022 and March 2023 originated from India.
R|T: The Retail Times – Inside the chaos of New York’s Airbnb ban
Plus: Flexport continues weekly cuts with 20 percent workforce reduction.
Struggling, TSX-listed BBTV announces plan to become a private company
BBTV founder and CEO, Well Health CEO to privatize Vancouver firm.
With new funding, Astrus has secured $3.6 million CAD to date for its AI microchip design offering
Astrus wants to cut down the time-consuming analog microchip design process.
Restaurant software startup Snappy secures $7-million Series A round
As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured…
A|I: The AI Times – OpenAI passes $1.3B annualized revenue while Big Tech struggles to turn AI hype into profits
Plus: Canadian quantum group appoints its first CEO.
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Hiive secures $5.7-million CAD Series A to improve VC secondary trading
Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.
S|W: The SaaS Weekly – Atlassian to buy video messaging provider Loom for nearly $1 billion
Plus: Vendasta closes $20M in new funding following layoffs.