Shopify cuts 20 percent of staff, announces sale of logistics division
“There’s no way to make this good news,” Shopify CEO tells employees in company letter.
layoffs
S|W: The SaaS Weekly – Inside the Salesforce slowdown
Plus: After Canadian pilot, Google expands cloud accelerator to US startups.
“Godfather of deep learning” Geoffrey Hinton quits Google to warn against dangers of AI
Hinton left his decade-long tenure at Google to speak openly about new AI fears.
Canadian startup news of the week (4/30/23)
Plus: OneEleven reborn, Neo Financial embedded, Pillar & Billi ended.
Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
S|W: The SaaS Weekly – Certn targets global expansion, Huawei builds Oracle replacement
Plus: Salesforce is working on new generative AI-driven workflow tools.
Reddit says Canada one of its largest and most key markets globally
Canada represents Reddit’s third-largest market after the US and UK.
Canadian startup news of the week (4/23/23)
Plus: BDC launches $150M sustainability fund.
Certn targets global expansion of background check tech with $30 million USD Series B extension from EDC
M&A key part of Certn’s strategy as it looks to expand in Europe, Africa, Asia.
Canadian startup news of the week (4/16/23)
Plus: Round13 nabs $200 million in first close for third fund.
H|T: The Healthtech Times – Lululemon’s failed attempt at becoming a tech company
Plus: Felix and Eli raise new rounds.
Online vehicle retailer E Inc. to delist from TSX citing limited trading volumes
E Inc. expects to delist from the TSX on May 24.
Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.
F|T: The FinTech Times – Canadian crypto’s Bizarre Love Triangle ends in three-way merger
Plus: Bob Lee, creator of Cash App, stabbed to death.