S|W: The SaaS Weekly – Databricks nabs Arcion for $100M, 1Password detects “suspicious activity”
Plus: CentML gets Google and Nvidia backing to boost ML model performance.
SaaS
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
Deloitte spinout Arteria AI closes $46-million CAD Series B to help banks turn documents into data
Backers include GGV Capital, Citi, BDC Capital, Information VP, and Illuminate Financial.
Google and Nvidia-backed CentML secures $37 million CAD to help companies deploy AI amid chip shortages
Toronto startup wants to help AI hardware “starvation period” by optimizing ML models.
After pivoting focus from sellers to buyers, Kiwiz hopes to be the Uber for car inspections
Kiwiz has raised $600,000 CAD in pre-seed funding.
S|W: The SaaS Weekly – Struggling BBTV to go private while BlackBerry spinout eyes June IPO
Plus: What Allen Lau learned from Wattpad’s $754-million acquisition.
QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants
The Montréal-based startup is led by Lightspeed alumni.
Workplace investigation platform Case IQ acquires hotline service Whistleblower Security
Case IQ sees telephone hotlines as a “crucial” element of case management intake.
“Cooler financing environment” leads StellarAlgo to restructure and make layoffs
Twenty-one employees laid off could represent nearly one quarter of Calgary startup’s headcount.
What Allen Lau learned from Wattpad’s $754-million acquisition
Co-founder shares M&A insights ahead of TechExit appearance on October 25.
Struggling, TSX-listed BBTV announces plan to become a private company
BBTV founder and CEO, Well Health CEO to privatize Vancouver firm.
Restaurant software startup Snappy secures $7-million Series A round
As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured…
Ten Key Labs secures $10.5 million, launches AI equity management tool for founders
Extreme Venture Partners, Xtreme Labs alum secures backing from Craft Ventures, Shopify angels, Wave co-founder.
Buddybuild founder is back with new code-assist platform Unblocked
Amplify Partners, Slack founder Stewart Butterfield among Unblocked’s investors.
Vendasta closes $20-million Series E to fund acquisitions, converts existing debt into equity
Foundry partner Brad Feld joins board, sees Vendasta as a “natural consolidator” of B2B SaaS firms.