layoffs

Canadian startup news of the week (5/15/22)

Plus: OMERS Ventures’ Damien Steel wants you to stop reading tech headlines.

Plus: Tailscale makes corporate VPNs as easy as ABC.

Magnet acquired Comae’s memory analysis tech to bolster its cyber incident investigation capabilities.

Amid a sea of top-down network security solutions, Tailscale’s bottom-up approach is paying dividends.

Plus: Bonsai lays off a third of employees shortly after $21 million Series A, citing shift to growth strategy.

CEO says the move is about restructuring to focus on customer acquisition.

Plus: Impression Ventures secures $64 million for fourth fund, continues to bet on seed-stage FinTech.

Plus: Beanstalk cryptocurrency project robbed after hacker votes to send themself $182 million.

Plus: The problem keeping entrepreneurs up at night.

Plus: Amid mounting competition, Float’s CEO believes company has what it takes to win in Canada

In recent weeks, Legible has laid off 23 employees and lost its CTO, CFO, CRO, and CPO.

Plus: Federal #Budget2022 surprisingly heavy on innovation policy.

Plus: Sid Paquette will now head RBC Ventures and RBCx.

Plus: Why Stripe’s ‘Fast’ Horse is losing the one-click checkout race.

Legible becomes second publicly-traded Canadian tech firm to announce significant layoffs in the past week.