A|I: The AI Times – AbCellera and BenchSci secure big funding
Plus: Ex-OpenAI execs raise $450 million for rival Anthropic.
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Geoffrey Hinton, Yoshua Bengio warn “risk of extinction from AI” in public letter
Signatories include OpenAI’s Sam Altman, Vector Institute and Mila researchers, and musician Grimes.
Ex-Panache, ScaleUp partners team up to launch new early-stage VC fund CMD Capital
As funding has dried up, David Dufresne and Matt Roberts say they plan to lead and price early-stage rounds.
S|W: The SaaS Weekly – Microsoft launches Fabric, mCloud looks to go private
Plus: Novisto closes $27-million Series B.
F|T: The FinTech Times – Now in Canada: Hiive’s VC secondary trading platform
Plus: QED closes on $925M to back FinTech startups globally.
Canadian startup news of the week (5/28/23)
Plus: What’s on the table for Alberta’s tech sector this election?
Three SaaS companies hiring software developers in Canada
Autodesk, Ceridian, and Opentext are looking to hire software developers in Canada.
Cognosys raises $2-million seed round to create AI personal assistants
Vancouver startup attracts prominent investors, including Google Ventures, Cohere
Wingmate secures $1 million CAD to market and sell its lead-generation app for frontline staff
Wingmate aims to make “sales and service a team sport,” giving incentives to field staff to chase down leads.
R|T: The Retail Times – Shopify touts checkout conversion rates, ranks merchants
Plus: Lightspeed Commerce recovers from tough third quarter.
H|T: The Healthtech Times – FTC signals tougher rules for health companies’ use of data
Plus: MCI OneHealth divests five Calgary clinics to Well Health for $2 million.
Spellbook, formerly Rally, raises $10.9 million to automate legal contracts using generative AI
The company is rebranding as part of a new focus on its AI tool and strategy.
BenchSci closes $95-million CAD Series D to expand AI drug-discovery platform
BenchSci aims to help pharma companies speed up R&D using AI.
A|I: The AI Times – OpenAI’s Sam Altman says this Canadian city should become a hub for AI
Plus: ServiceNow commits $1 billion to AI-based enterprise startups.
With regulatory approval, Hiive launches VC secondary trading platform in Canada
Closed IPO window, “discount mentality” driving secondary trading.