R|T: The Retail Times – Alibaba logistics arm eyes up to $2 billion Hong Kong IPO
Plus: Attabotics sues Canadian Tire over warehouse fire.
layoffs
Tehama returns as management team buys it out of bankruptcy
CEO Paul VallĂ©e said he’s “pretty chuffed” about the new startup.
Canada ranks 12th in Shopifyâs first report on economic impact of merchants
Canadaâs Shopify merchants lag behind on economic impact compared to smaller economies.
S|W: The SaaS Weekly â Absolute Software sold to Crosspoint for $657 million
Plus: Hopper to power Uber’s expansion into flight bookings.
Canadian startup news of the week (5/14/23)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
âA new bottomâ: Toronto and Waterloo Region venture funding fell short in first quarter of 2023
Torontoâs venture funding dropped 94 percent year-over-year.
S|W: The SaaS Weekly â 1Password’s CEO responds to Google’s âtipping pointâ
Plus: Will BlackBerry make it to the BlackBerry movie release?
R|T: The Retail Times – Shopify sheds staff, offloads logistics business to focus on “main quest”
Plus: RenoRun halts operations as it pursues asset sale.
Canadian startup news of the week (5/7/23)
Plus: Canadian Q1 VC investment falls 82 percent from last year.
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.
Shopify cuts 20 percent of staff, announces sale of logistics division
âThereâs no way to make this good news,â Shopify CEO tells employees in company letter.
S|W: The SaaS Weekly â 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.