Can Amber Mac explain WTF is happening in tech right now?
Not quite the best start to 2023 for tech.
layoffs
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.
H|T: The Healthtech Times – How Tomi Poutanen is using AI to tackle Canadian healthcare
Plus: Teladoc Health lays off 300 staff.
Spinout Traction Complete standing on its own with new $6.7 million CAD Series A, big-name clients
Startup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce.
F|T: The FinTech Times – A Clearco co-founder resigns as CEO, again
Plus: the end of an era for crypto’s pseudo-banks.
Investor liquidity issues are putting the squeeze on Canadian startups
In the worst tech downturn in more than a decade, some LPs aren’t honouring capital calls from Canadian VCs. It’s killing…
Canadian startup news of the week (1/22/23)
Plus: Vidyard eyes $1 billion in revenue.
Front-end, back-end, full-stack developers needed across Canada
Clio, Busbud, Ceridian, and Global Relay all looking to hire.
H|T: The Healthtech Times – Carbon Health cuts staff, closes $100M
Plus: LeanTaas and Hospital IQ join forces.
S|W: The SaaS Weekly – The best places to work in Canada are US SaaS companies
Plus: Supply Vision acquired for $16 million.
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
Canadian startup news of the week (1/15/23)
Plus: Coinsquare breaks up with CoinSmart, courts WonderFi?