Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify
Amid downturn, e-commerce slowdown, Rewind targets breakeven.
toronto
Alberta Innovates invests $30 million into Alberta Machine Intelligence Institute to spur research
New funding will attract investment and create jobs, says innovation minister.
Backed by Mark Cuban-led $2.4 million round, TransCrypts uses blockchain to help Ukrainian refugees access health records securely
TransCrypts is also expanding to help those impacted by earthquakes in Turkey.
Mercator AI raises $5.1 million CAD as it develops early project detection tool for construction
Mercator helps business developers find leads in construction projects faster using AI.
Vertu Capital closes first private equity fund with over $300 million
Led by ex-OMERS veteran Lisa Melchior, Vertu is Canadaâs first woman-founded PE firm.
Symend reduces team by 25 percent in restructuring, four months after $54 million round
Latest cuts come after Symend laid off 13 percent of staff late last year.
S|W: The SaaS Weekly â Magnet Forensics proxy advisors split on takeover
Is Meta slowing down on Canadian hires post-layoffs?
Canada Drives undergoing restructuring as it files for creditor protection
âThe rising costs of holding inventoryâŠhas made this specific business model no longer viable.â
BBTV among 10 BC orgs receiving total $25.7 million from PacifiCan to help job retention amid tech layoffs
Over 500 jobs are expected to be created from the investment.
BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
Investment in the provinceâs tech startups fell by 67 percent in 2022.
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooksâ second round of layoffs since December sees third C-suite exec depart in past year.
Amazon wonât confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
Worldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
DMZ Demo Day event to hand out $300,000 in prizes for startups
Entrepreneurs will get to pitch and network with hand-picked global investors.
Ericsson sets up new quantum research hub in Montréal
Telecom tech provider has also partnered with University of Ottawa and Sherbrooke.
Canadian startup news of the week (3/19/23)
Plus: Québec and Alberta tech investment bucked 2022 trends.