Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
The subscription program is set to launch in Q1 next year.
toronto
Dooly latest Vancouver startup to cut staff amid broader market downturn
Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
Report maps Canadian sustainable proptech industry and nearly $1.5 billion in investments
Amp Energy, GoBolt, Ecobee, Brainbox AI among top funded startups in the sector.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
S|W: The SaaS Weekly – Inside this week’s massive BC tech exit
Plus: Layoffs across SaaS startups pile up.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
Tracking the tech downturn across Canada with data
When the party winds down, the hangover is fast to follow.
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.
Uberflip CEO attributes company layoffs to “unsteady economy”
Uberflip laid off 31 employees.
Scale Without Borders wants to bring Canada’s immigrant tech community together in November summit
Last year’s summit spanned three days and saw 1,000 registrants.
H|T: The Healthtech Times – Making your baby cry… for science
Plus: Could the Theranos that was promised come from Sudbury?
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space
OMERS, Wittington, and Round13 have all backed Qui Identity.
R|T: The Retail Times – Shopify’s bet didn’t pay off
Plus: Has the scooter boom finally gone bust?