H|T: The Healthtech Times – Healwell CEO dishes on evolution from clinics to AI
Plus: Newfoundland wants to be a biotech hub.
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R|T: The Retail Times – Dax Dasilva returns as Lightspeed CEO, Shopify drops on strong earnings
Plus: Investors fooled by Lyft typo.
Golden Ventures closes nearly $140 million CAD for fifth seed-stage VC fund
Despite a tough market, Golden remains “long Canada” with strong support from existing LPs.
Profitable payments startup Zūm Rails closes $10.5-million Series A
Founded by Flinks, Versapay alums, Züm is looking to ramp its US expansion.
A|I: The AI Times – OpenAI debuts Sora, a hyper-realistic text-to-video generator
Plus: How Vector Institute is reversing Canada’s AI brain drain.
1Password acquires Boston-based device security platform Kolide
Following the deal, CEO Jeff Shiner said 1Password expects to add 250 new positions in 2024.
Round13 Digital Asset Fund claims over 40 percent gains despite tough crypto market
Toronto fund says mix of digital assets, crypto VC has fuelled strong early returns.
Love troubles? There’s an AI chatbot for that.
Plus: #CDNtech startups pivot and refocus in 2024.
H|T: The Healthtech Times – Beleaguered 23andMe weighs splitting
Plus: Amazon makes cuts in healthcare units.
Lightspeed founder Dax Dasilva returns as interim CEO, replacing JP Chauvet
Despite recently beating its fiscal Q3 targets, Lightspeed’s shares have still fallen.
R|T: The Retail Times – Shein seeks China’s green light to IPO
Plus: Shares drop after Lightspeed beats Q3 guidance and Shopify hikes prices.
EdTech game developer Prodigy Education adds CFO to refreshed leadership team
After September 2022 “reset,” Prodigy has set its sights back on sustainable growth.
A|I: The AI Times – Deepfaked: employee falls for $25M USD money transfer order
Plus: Google launches a re-branded Bard in Canada and AI flags abound.
Digital transformation consulting firm Levio receives $125-million commitment from CDPQ
Financing deal expected to fuel Levio’s acquisition strategy.
Shopify beats Q4 estimates with strong holiday season, but stock still drops
Shopify aims to deliver “compelling mix of growth and profitability” in 2024.