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Infosec and cybersecurity company HYAS has announced that it has entered into a debt financing agreement with Silicon Valley Bank (SVB).
While Toronto deserves its place at number one when it comes to Canadian innovation, the rest of the country has been gaining ground in the field of AI research and development. Cities such as Montreal, Edmonton, Vancouver, and Ottawa are quietly becoming major hubs of AI innovation.
Ottawa-based SaaS accelerator L-SPARK has released the results of its annual State of Canadian SaaS report.
Amazon’s AWS launched Amazon Forecast, a new pre-built machine learning tool that will make it easier for developers to generate predictions based on time-series data.
Caisse de dépôt et placement du Québec (la Caisse) is taking an equity interest totalling $200 million in Plusgrade, a provider of revenue solutions to the global travel industry.
Verloop, a SaaS startup for customer engagement, raised $3 million in Series A funding round led by IDFC Parampara Fund.
Deluce was a founding team member of Toronto-based Porter Airlines, where he oversees all commercial aspects of the business and continues to have a central role in the company.
At its core, NooBaa is all about bringing together various data silos, which should make it a good fit in Red Hat’s portfolio.
Toronto-based Patriot One Technologies is set to acquire New Brunswick-based EhEye, a video threat recognition software company.
Singapore-headquartered SaaS-based cybersecurity startup CloudSEK has raised $1.97 M (INR 14 Cr) in a Pre-Series A funding round led by Exfinity Venture Partners and StartupXseed.
Toronto-based Storyflow, which launched as a platform to build interactive voice entertainment on smart speakers, has changed its name to Voiceflow as it pivots its platform.
Backers included New Alpha, Go Capital, and other existing shareholders.
IBM said it also plans to hire 100 people for its Client Innovation Centre in Montréal which will be focused on AI and Salesforce solutions.