Meet the five Canadian startups participating in Y Combinator’s Summer 2022 Demo Day
Smallest #CDNtech group since Winter 2019 features four Toronto companies and one from Edmonton.
Healthtech
Telus acquires TSX-listed HR tech firm LifeWorks for $2.3 billion CAD
Telus acquires LifeWorks to bolster its employee wellness solutions.
H|T: The Healthtech Times – Vitalik Buterin gives financial boost to 🇨🇦 doctors tracking carbon dioxide levels
Plus: The many hurdles life sciences startups must overcome to commercialize.
Canadian-founded healthtech startup Power emerges from stealth with $7 million
Power wants to bring the process of discovering and accessing clinical trials into the future.
Vitalik Buterin fund gives financial booster shot to doctor’s startup assessing airborne COVID-19 risk
Raven Clean Air tracks carbon dioxide levels in order to assess COVID-19 risk.
H|T: The Healthtech Times – AlayaCare makes cuts as revenue doesn’t follow “aggressive investment”
Plus: Nurses say Amazon’s ambitions clash with health best practices.
Three Canadian startups selected for Google’s latest Women Founders accelerator cohort
Blossom Social, Emaww, MedEssist represent Canada in the third installation of Google’s accelerator.
The many hurdles life sciences startups must overcome to commercialize
Startups need cash, time, and connections.
H|T: The Healthtech Times – Truepill, Peloton, and Calm all make staff cuts
Plus: ByteDance Pays $1.5 Billion for China Hospital Chain in Health Foray.
AlayaCare lays off 14 percent of employees, slows M&A plans
AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.”
Medical imaging startup MolecuLight secures funding from BDC Capital, iGan Ventures for global expansion
MolecuLight has received at least three clearances from the FDA for its imaging device.
CloudMD appoints new CEO, CFO in latest exec switchup
CloudMD’s new CEO was formerly the company’s president and global head.
H|T: The Healthtech Times – How long term care in hospitals could become obsolete
Plus: 10x Genomics lays off approximately 100 employees.
Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
The subscription program is set to launch in Q1 next year.