Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day signal: six more weeks of tech winter
Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.
layoffs
Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent.
H|T: The Healthtech Times – Smile Digital Health nabs $30 million Series B
Plus: Amazon expands into pharmacy.
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
R|T: The Retail Times – Shopify loses third C-Suite exec since September
Plus: Tiny Capital enters deal to go public.
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
F|T: The FinTech Times – Stripe’s path to IPO
Plus: Blockstream lands $125 million.
Tech-related roles dominate Indeed’s best jobs list in Canada for 2023
Data engineers still in demand despite downturn-induced layoffs.
Canadian startup news of the week (1/29/23)
Plus: Another Shopify C-suite exec departs.
Can Amber Mac explain WTF is happening in tech right now?
Not quite the best start to 2023 for tech.
Smile Digital Health secures $30 million Series B to expand AI, machine learning capabilities
LinkedIn posts indicate Smile Digital Health quietly let people go last year.
A|I: The AI Times – Microsoft wants OpenAI everywhere, Google calls in reinforcements
Plus: Is Tesla’s autopilot ‘overhyped’?
S|W: The SaaS Weekly – Hootsuite swaps CEOs amidst third set of staff cuts
Plus: Magnet Forensics gets acquired in $1.8 billion CAD deal.