Canadian tech hubs not immune to downturn as Communitech lays off 10 percent of workforce
Innovation hub sees second significant staff reduction since 2019 provincial budget cuts.
layoffs
OMERS Venturesâ Laura Lenz says âego raisingâ is over in #CDNtech
VC says “there’s blame on both sides” for the lack of fundamentals in 2021.
One year after raising $6.5 million, GoodGood shuts down claiming it can’t find more money
Company says downturn has had âdramatic impactâ on its rapid local commerce delivery business.
Wiseday enters Canadaâs digital mortgage space with âinstantâ pre-approval process
Wiseday is led by RenoRun, Hopper, Ssense, Ubisoft, Nesto alumni.
A|I: The AI Times – With a new robot and fresh funding, Attabotics CEO says âthe hard partâs done.â
Plus: Raquel Urtasunâs Waabi gears up to hit the road.
Acerta closes $10.4 million CAD Series B to help automakers like Nissan and GM build car parts more efficiently
Acerta puts pedal to the metal and targets North American, European expansion.
F|T: The FinTech Times – Klarna slows expansion, Ripple targets the EU
Plus: Canadian tech layoffs continue.
Canadian startup news of the week (11/20/22)
Plus: Nobul, Hopper top Deloitte Canadaâs Fast 50.
Will some Canadian tech companies die during the downturn?
Founders: get used to hearing the ‘Canadian no’ more often.
Bold Commerce swaps CEOs, bringing on PayPal, Intuit alum Peter Karpas
Karpas took the reins from Bold co-founder Yvan Boisjoli last month.
H|T: The Healthtech Times – ‘Self-therapy’ startups are blooming
Plus: PointClickCare, Pfizer partner to exchange real-world data on seniors.
R|T: The Retail Times – Inside Hopper’s key strategic relationship and $5 billion valuation
Plus: Where and why Shopify is outsourcing customer support.
BluWave-ai, Tehama receive collective $4.4 million from FedDev Ontario for product development, hiring
The federal government investment is expected to create 85 jobs in the Ottawa region.
Symend closes $54 million CAD to pursue global expansion amid uncertain economic environment
Facing market headwinds and tailwinds, Symend has cut staff and set its sights on growing efficiently.
A|I: The AI Times – Canada’s latest unicorn is a quantum computing firm
Plus: Louis TĂȘtu explains how Coveo is bucking tech trends ahead of SAAS NORTH keynote.