“A new bottom”: Toronto and Waterloo Region venture funding fell short in first quarter of 2023
Toronto’s venture funding dropped 94 percent year-over-year.
Toronto
OneEleven head Matthew Lombardi stepping down
After its 2020 closure, Lombardi led OneEleven through its revival.
Float launches new corporate card as it experiences growth in economic downturn
How a Toronto FinTech startup says it stays afloat as others struggle.
VentureLab president and CEO Melissa Chee steps down as tech hub looks for new leader
Through VentureLab, Chee supported Canada’s semiconductor industry amid chip shortage
Carbonhound raises $1.3 million help small, medium business get ready for emissions regulations
The startup will help cut carbon as the United Nations says “catastrophic” warming is upon us.
American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.”
Next Canada names startups in latest cohorts for its three accelerators
Next AI participants can receive up to $100,000.
Tech leaders, academics gather to discuss how Canada can reach net-zero emissions by 2050
The CityAge conference explored how Canada can grow sustainably to a population of 50 million.
Elevate to return for 2023 with Lisa LaFlamme, Dragons’ Den, and Shark Tank stars among speaker lineup
Policy regulations around AI, Bill C-11 will be discussed at Elevate this year.
1Password CEO calls Google’s move to passkeys “tipping point” for eliminating passwords
1Password is on a mission to lead the shift from traditional passwords to passkeys.
The DMZ awards $35,000 to Black-led startups Blue Guardian, Gia Health, Scooli
The DMZ downsized its prize money after handing out $50,000 last year.
“Godfather of deep learning” Geoffrey Hinton quits Google to warn against dangers of AI
Hinton left his decade-long tenure at Google to speak openly about new AI fears.
Odaia closes $34 million CAD Series B to fix “bottleneck” in drug delivery process
Roster of big pharma clients helped Odaia nab latest funding round.
University of Toronto, Université de Montréal get combined $325 million as part of $1.4 billion federal investment into university innovation
Other projects focus on sustainability, health, and migrants.
Reddit says Canada one of its largest and most key markets globally
Canada represents Reddit’s third-largest market after the US and UK.