CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
Longer-term impact of SVB fallout has some in Canadian tech worried.
Ottawa
Canadian tech calls on feds to inject more liquidity into sector to avoid SVB-caused “full-blown crisis”
Letter asks Government of Canada to extend bridge financing program, guarantee secured loans on SVB deposits.
Able Innovations strikes deal with Ottawa hospital for robotic patient transfer tech
Able Innovations’ robotic medical device addresses problem of patient transfers.
Semiconductor firm GaN Systems to be acquired by Infineon for $830 million USD
GaN Systems CEO says Infineon will enable company “to unleash our full potential.”
Shopify changes employee compensation model: “being a manager now has no effect on compensation”
Shopify employees are now either managers or crafters, but not both.
Shopify built Indigo’s new website in three days following ransomware attack
After reaching out to Shopify, Indigo was back online with a new site in three days.
Shopify launches initiative to expand partner program
First phase aims to help partners earn more, upskill, and engage more with Shopify.
Bidmii, SalonScale, Moves, TrojAI among 2023 cohort of Google’s Canadian accelerator
Previous cohort included MintList, Helcim, Fyyne.
Newly-named Canada Innovation Corporation will see budget double to absorb IRAP
Further details on feds new innovation agency to follow governance body, new legislation.
Shopify posts 26 percent YoY revenue jump, but growth still below pandemic highs
Shopify beats analyst projections in Q4 with over $1.7 billion USD in revenue.
Shopify unveils new features for shopping app, fulfillment network in latest products update report
Shopify focused on expanding its fulfillment network and Shop app.
Raven.ai aims to address supply chain issues following $12 million USD Series A
“We believe Raven’s solution will play a key role in engaging these frontline teams.”
Canadian Web3 Council calls on Senate to examine how to “effectively harmonize” regulatory framework for digital assets
Web3 Council to Senate: “Canada must not be left behind.”
Shopify invests in US-based e-commerce analytics aggregator Triple Whale
Triple Whale helps Shopify merchants unify business metrics into one dashboard.
Invest Ottawa’s 10th birthday party comes with over $6.6 million in funding to support Area X.O
Invest Ottawa will use funding to create remote and simulation options for smart mobility R&D.