As Big Tech makes mass layoffs, recent Canadian startup reductions might cut deeper
byPartnerStack, SSENSE, #paid, Shakepay, Venngage latest to cut staff.
toronto
Smile Digital Health secures $30 million Series B to expand AI, machine learning capabilities
byLinkedIn posts indicate Smile Digital Health quietly let people go last year.
Nuula sold to Nav Technologies following collapse of Series A round
byNuula CEO: Company planned to raised $5 million but it “became impossible to close.”
Five Canadian programs listed among top incubators, accelerators globally
byCanada is the only country with three programs named to the top ten list.
Canadian-led, New York-based AtomicJar aims to hire in Canada with $25 million USD Series A
byUS software testing firm hopes to build “centre of excellence” in Canada.
Tenstorrent swaps CEOs as Apple, AMD, Intel alum takes helm of AI chip unicorn
byTenstorrent founder becomes CTO as company also hires ex-Google director as COO.
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
byPINQ² will operationalize the quantum supercomputer this year.
Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee
byPlaintiff: “I feel hurt and betrayed by Delphia’s co-founders.”
Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
byClutch cut approximately 65 percent of its staff.
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
byCEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Volvo backs Waabi to accelerate driverless trucks commercialization
byWaabi unveiled its self-driving product in November to gear up for road tests.
CoinSmart rejects Coinsquare’s notice to terminate acquisition deal
byCoinSmart claims Coinsquare’s acquisition about-face is “invalid and without merit.”
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
byNowVertical acquires more capital to fuel acquisition strategy.
UK autonomous vehicle company Oxbotica plans to expand Canadian presence following $140 million USD raise
byOxbotica plans to hire for up to 50 new roles in Toronto office.