Canadian startup news of the week (11/6/22)
Plus: Lightspeed and Nuvei increase revenues, see share prices drop.
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OnCall Health acquired by US-based SaaS provider Qualifacts
Prior to its acquisition, OnCall has raised around $10.5 million CAD.
H|T: The Healthtech Times – Inside Google’s quiet digital health acquisition
Plus: Cerebral lays off 20 percent of its staff.
Market watch: Lightspeed, Nuvei increase revenues but reports lead shares to fluctuate
Lightspeed’s share price dropped after the report was tabled.
With VCCI commitment, Kensington Capital Partners targets $290 million third venture fund
With renewed mandate from Government of Canada, Kensington aims to nearly double its previous fund.
Google opens new MontrƩal office, commits $2.75 million to QuƩbec tech
Google finally opens new MontrƩal office after big 2020 commitment to expand in Canada.
1Password acquires Texas-based Passage to fuel push into passkeys
1Password envisions a future beyond passwords.
How Canada can get a big slice of the trillion-dollar global semiconductor market
Leaders explain why hardware is cool again ahead of HardTech Conference.
R|T: The Retail Times – Solving Shopify: lost swagger? Or “enormous opportunity ahead?”
Plus: Lightspeed promotes CRO JD St-Martin to president as leadership overhaul continues.
Hootsuite makes additional staff cuts following August layoffs
August cuts impacted one-third of company; latest round hit approximately 5 percent.
Report: Atlantic Canada 10th strongest blue economy startup ecosystem globally
Vancouver closely follows at 14th, with Calgary 27th, and Toronto-Waterloo 35th.
A|I: The AI Times – U of T gets an AI nod from Eric Schmidt
Plus: CIFAR appoints 8 new AI chairs.
Three big takeaways from BFUTR 2022
Creating opportunities for Black talent is still a disruptive idea in tech.
TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
Amid looming recession and stiff competition, TouchBistro sets sights on growing efficiently.
S|W: The SaaS Weekly ā A brutal week for Big Tech
Plus: Meet the new Chief Twit.