Three Canadian cities ranked in the global top 50 startup ecosystems
Plus: Led by ex-Google researchers, OpenAI rival Cohere secures $270M.
layoffs
Cohere announces $270-million USD Series C from Inovia, Nvidia, Oracle, Salesforce
Led by ex-Google researchers, OpenAI rival Cohere aims to help firms adopt generative AI.
R|T: The Retail Times – Shopify’s birthday gift: a new class-action lawsuit
Plus: Temu is losing millions of dollars to break into the US.
Inside Canada’s new early-stage VC firm
Plus: Shopify facing $130M lawsuit for alleged attempts at slashing severance pay.
H|T: The Healthtech Times – FDA approves Elon Musk’s Neuralink for human clinical study
Plus: AbCellera and BenchSci get combined $395 million
Shopify facing $130-million lawsuit for alleged attempts to slash post-layoff severance pay
Lawsuit claims severance packages were reduced by “tens of thousands of dollars.”
Ex-Panache, ScaleUp partners team up to launch new early-stage VC fund CMD Capital
As funding has dried up, David Dufresne and Matt Roberts say they plan to lead and price early-stage rounds.
S|W: The SaaS Weekly – Microsoft launches Fabric, mCloud looks to go private
Plus: Novisto closes $27-million Series B.
Canadian startup news of the week (5/28/23)
Plus: What’s on the table for Alberta’s tech sector this election?
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.
Code for Canada ED: Laid-off tech employees are overlooking opportunities in public service
Dorothy Eng argues tech professionals would enjoy the challenge of designing solutions for everyone in Canada, not just those…
Shopify extends point-of-sale hardware to Canadian retailers after initial US launch
Shopify continues physical retail push as online sales fall from pandemic heights.
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 – 1Password launches passkeys for businesses
Plus: Tehama returns as management buys out of bankruptcy.
Canadian startup news of the week (5/22/23)
Plus: Sam Altman says this Canadian city should be the next AI hub.