Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
layoffs
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.
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.