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Ada secures $130 million USD, claims $1.2 billion valuation (BETAKIT)
The funding news comes just over a year after Ada raised a $63.7 million CAD Series B round – though the company had to lay off 36 employees in April 2020 amid pandemic-related uncertainty.
Grab’s huge SPAC merger heralds Asia’s next tech boom (WALL STREET JOURNAL)
The Southeast Asian ride-hailing and delivery app is going public in the U.S. at a $40 billion valuation and others look likely to follow suit.
Shopify joins patent non-aggression network as competition with Amazon heats up (BETAKIT)
At the beginning of this year, BetaKit reported the Ottawa-founded company had received approvals for two merchant patents and that Shopify’s number of publicly available approved or pending patents, at the time, totalled approximately 45.
How startups can manage cashflow (BETAKIT)
Speaking with BetaKit, Xero Canada Country Manager Faye Pang shared her advice on how startups can properly set up their cash flow management.
Indian delivery giant touts pandemic profits — while drivers suffer through a deadly second wave (REST OF WORLD)
Ahead of its IPO, Zomato drivers are paying for their own masks and sanitizer.
Sonder to go public on NASDAQ through SPAC deal (BETAKIT)
Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation.
Attabotics, Amii, AltaML partner to develop AI solutions for supply chains (BETAKIT)
Previously, the federal government injected $34 million of additional capital into Attabotics to further develop and bring to market its robotics warehouse technologies.
ReCharge raises $277M to plug into merchant subscription programs (CRUNCHBASE)
Today, the company is behind subscription services for 15,000 merchants and 20 million subscribers worldwide.
How to better leverage SR&ED refunds to accelerate startup growth (BETAKIT)
Boast.AI’s Russ Armstrong explains how using Quarterly Advanced Refunds on SR&ED claims can dramatically accelerate startup growth.
Peloton’s treadmill recall could cost the company $165 million (PROTOCOL)
By recalling 125,000 Tread and Tread+ devices — and by initially refusing to do so – Peloton made its life a lot harder.
Has online retail’s biggest bully returned? (NEW YORK TIMES)
Outraged customers of Eyeglassesdepot sound like the victims of a man who’s already spent years in prison for terrorizing consumers.