After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for AI drug discovery
The US biotech firm opened a new Canadian HQ in Toronto last month.
Healthtech
Ditch Labs secures $3.25 million to treat nicotine addiction with tech
Montréal startup set its sights on a massive public health issue.
H|T: The Healthtech Times – Iodine Software teams up with OpenAI on AI tech for hospitals
Plus: DOJ charges 78 in sweeping $2.5B healthcare fraud takedown.
Vector Institute, Kids Help Phone team up to expand use of AI in mental health services
Kids Help Phone said AI will help its staff adapt to the way young people speak.
H|T: The Healthtech Times – Aledade secures big funding to fuel M&A
Plus: Babylon will cease trading on NYSE, combine with MindMaze.
Canadian startups Oncoustics, OneCup AI among Google’s first North America-wide cloud accelerator cohort
Google piloted the cloud accelerator in Canada, then extended it to US startups this year.
H|T: The Healthtech Times – Canada’s latest big biotech exit
Plus: Google Lens can now search for skin conditions.
Altis Labs closes $7.9 million CAD to evaluate cancer treatments using AI
Altis has worked with UHN, Sunnybrook to develop its cancer imaging database.
Train Fitness closes $2.5 million USD to expand automatic workout-tracking app for strength training
Relay Ventures-backed Train Fitness aims to track weight-lifting without data entry.
H|T: The Healthtech Times – Twig Fertility secures funding, Bunnii shuts down
Plus: Founder of OneTaste charged with exploiting abuse victims.
Water sampling, agtech startups among Ontario Genomics’ first cohort for BioCreate program
Each company will receive $150,000 from Ontario Genomics.
H|T: The Healthtech Times – Pharma giant Bayer moves deeper into digital health
Plus: FemTherapeutics raises $2.5 million CAD to address pelvic floor disorders.
AlayaCare founder, Alberta Innovates and Strata Health Solutions executives honoured at e-Health Conference
Digital Health Canada hands out awards in six categories to medtech executives.
Rhino Ventures leads Twig Fertility’s $8 million Series A to improve fertility experience with tech
Twig is developing a proprietary platform to optimize treatment plans and opening more clinics in Canada.
Canada is in a health care crisis. What’s the prescription?
Brett Belchetz (Maple) and Alexandra Greenhill (Careteam) diagnose the failings of Canada’s health care system.