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Toronto-based Ritual has laid off more than half of its employees and is set to reduce operations due to the impact of the COVID-19 pandemic.
A set of charts provided to TechCrunch detail how the growth rate of SaaS companies, in both B2B and B2C, are falling.
Morneau provides more detail on government’s 75 percent wage subsidy for Canadian businesses(BETAKIT)
“This clause might be a killer for the tech ecosystem.”
The round was led by Shawn Welch of Midtown Capital Advisors. Previous investors Mosley Ventures along with Alerion Ventures and other existing investors also participated.
Toronto-based Opencare has laid off 18 members of its team, as its core business has been affected by the COVID-19 pandemic.
While many start-ups grapple with the fallout from the pandemic, this San Francisco company raised more cash to survive.
“I believe this is a decent option for companies who don’t meet the 75 percent wage subsidy requirements.”
The core idea behind OctoML and TVM is to use machine learning to optimize machine learning models so they can more efficiently run on different types of hardware.
BC’s provincial government has partnered with organizations, including Traction on Demand, to create a platform coordinating supplies for health workers.
Huilianyi, a business travel platform, notched approximately $42 million in fundraising as China begins a possible economic renewal amid the global coronavirus pandemic, Phocuswire reported.
Recorded in quarantine, BetaKit has a new podcast to help Canadian tech to make it through COVID-19.
AristaMD raises $18M for eConsult platform(MEDCITYNEWS)
AristaMD, a San Diego-based startup facilitating eConsults, raised $18 million in a series B round led by Cigna Ventures and MemorialCare Innovation Fund.
Think Research, Ontario Psychological Association partner to offer virtual mental health services(BETAKIT)
Think Research has partnered with the Ontario Psychological Association (OPA) to make its virtual care platform available to OPA psychologists in Ontario.
How bad will SaaS churn get in the downturn?(TECHCRUNCH)
What happens to the industry now that the global economy has hit pause, layoffs are piling up across national economies and venture capital is slowing?