Canada attracts 30,000 tech workers, BDC wants Thrive co-investment partners
Plus: Shopify is building entrepreneurs an AI Sidekick.
layoffs
S|W: The SaaS Weekly â Dye & Durham accuses startup rival of ripping off its software
Plus: Vantage Circle and Eventcombo are moving HQs to Calgary.
F|T: The FinTech Times – Binance unravelling, Kraken founder investigated by FBI
Plus: Mastercardâs new AI tool helps British banks tackle scams.
Restructuring is here for Canadian startups as VC funding dries up
Plus: Two global SaaS firms relocate HQs to Calgary.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
H|T: The Healthtech Times – Iodine Software teams up with OpenAI on AI tech for hospitals
Plus: DOJ charges 78 in sweeping $2.5B healthcare fraud takedown.
R|T: The Retail Times – Amazon faces FTC antitrust case and free returns backlash
Plus: Meet the Shopify Ventures portfolio.
PacifiCan invests nearly $23 million in BC cleantech, zero-waste projects
Saltworks, MintList, and Novarc Technologies all receive funding for expansion and commercialization.
Shakudo closes $9.5-million CAD Series A to help companies adopt generative AI
GreatPoint-backed Shakudo is led by AI experts from Georgian, Borealis AI, and BMO.
S|W: The SaaS Weekly â ApplyBoard co-founder launches new skilled worker startup as feds update talent strategy
Plus: Snowflake expands Canadian engineering hub.
Feds update talent strategy as cleantech flees south
Plus: PitchBook analysts say 2023 VC funding is âpretty much shot.â
Loopio makes âdifficult decisionâ to lay off nine percent of its team
The Toronto-based software startup made its first acquisition in May.
R|T: The Retail Times – Shopify is in a “fight” with CRA over merchant records
Plus: Alibaba surprises with chairman and CEO replacement.
Québec bolsters quantum footprint as semiconductor industry forms advocacy group
Plus: Angel investment in Canada mirrored VC dip in 2022.
Shopify makes checkout solution Shop Pay available to enterprise retailers not using Shopify
The move represents part of Shopifyâs push to woo larger clients.