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.
toronto
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 – OpenAIâs 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, âdiscount mentalityâ driving secondary trading.
Novisto closes $27-million CAD Series B to help companies improve their ESG reporting
Novisto gears up for growth as shareholder ESG pressure heats up.
S|W: The SaaS Weekly â 1Password launches passkeys for businesses
Plus: Tehama returns as management buys out of bankruptcy.
As Nasdaq delisting looms, asset management firm mCloud looks to go private
mCloudâs Nasdaq shares declined by 80 percent in the last year.
List highlights 10 fast-growing, impactful SDTC-backed Canadian cleantech firms
Mara Renewables, MineSense, Ecopia AI crack the list alongside returnees Saltworks, Hifi, among others.
Canadian startup news of the week (5/22/23)
Plus: Sam Altman says this Canadian city should be the next AI hub.
F|T: The FinTech Times – PayPal spent $1 billion on Xoom, now facing pressure to sell
Plus: Wealthsimple ups user insurance limit.
Ailing MCI OneHealth divests five clinics in Calgary to Well Health for $2 million
Well called the acquisition an excellent opportunity to expand to more providers in Alberta.
Tough Commerce raises $2 million to become Shopify for âcomplexâ industries like construction
A former Shopify engineering lead joined Tough Commerce as investor, board member.
Energy management startup Peak Power raises $47 million CAD to expand across US
Peak Power to expand energy storage tech as new US tax incentive drives adoption.
Withe raises $1.1 million in mission to address hospitality hiring challenges
The Vancouver-based software startup lists Marriott International as one of its users.