Ex-Tungle, Foko employees pivot new startup, Nook, to take on Evernote
With exits to BlackBerry and Workforce, Nook team wants to tackle notetaking.
SaaS
Introhive cuts 16 percent of workforce citing market conditions
CEO said the current environment makes it challenging to fund Introhive’s high-growth strategy.
BMO to acquire carbon offsets developer Radicle
Radicle’s software measures and aggregates greenhouse gas emissions.
S|W: The SaaS Weekly – Microsoft layoffs, Google hiring slowdown, Uber broke laws
Plus: Uber sued by more than 500 female passengers over sexual assault complaints.
BlackBerry, L-SPARK unveil third cohort for connected car accelerator
Third cohort sees return of Deeplite, Sensor Cortek.
Truffle raises $2.3 million to compete with restaurant POS incumbents Lightspeed, Square
Truffle’s latest feature allows for contactless food pickup using a locker system.
Welbi raises $3 million CAD to take its senior engagement software south of the border
Welbi’s solution helps ease the isolation of seniors in assisted living facilities.
Tata Consultancy Services, Nitro Software announce new Toronto hubs
Nitro, TCS join growing list of global firms dipping into city’s tech talent pool.
Milk Moovement bags $26 million CAD to bolster dairy supply chain software
The Halifax startup beefs up its cash reserves.
S|W: The SaaS Weekly – Twitter v. Musk
Plus: Highflying cyber firms cut staff after raising hundreds of millions of dollars.
English digital transformation company Adaptavist picks Toronto for North American headquarters
Adaptavist wants to add up to 800 jobs and invest more than $50 million.
Companies secure collective $1 million after Startup TNT Summit V
Startup TNT co-founders raising venture fund.
Fluence acquires SaaS startup Sturnis365 to expand European presence
Fluence’s second acquisition in six months gives the startup an end-to-end accounting solution.
S|W: The SaaS Weekly – Byju’s, Tencent, ByteDance hit with layoffs
Plus: Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions.
International IT firm Globant opens office in Toronto, plans to recruit 200 people
Globant is looking to hire people with backgrounds in AI, gaming, blockchain.