Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
Toronto
Daily Blends raises $2.7 million CAD, signs Metrolinx deal to deploy smart vending machines
Healthy vending machines are coming to public transit stations, college campuses across Canada.
Cohere among first investments from Salesforce’s new $250 million AI fund
Salesforce invests in Toronto startup as part of broader generative AI strategy.
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.
Toronto venture funding saw a “return to sanity” in 2022
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022.
Uplinq partners with World Bank Group-linked global network to educate on financial inclusion
FinTech recently raised $820,000 CAD for its global credit assessment platform.
Able Innovations strikes deal with Ottawa hospital for robotic patient transfer tech
Able Innovations’ robotic medical device addresses problem of patient transfers.
Yoshua Bengio, Element AI co-founders back AI startup Glowstick in $1.3 million round
Current and former Square and Shopify employees also invested in Glowstick.
From desk to doorstep: KitchenMate expands smart food kiosk to condo market
As hybrid and remote work prevail, KitchenMate brings its Gen2 closer to home.
Amazon climate tech fund backs Genecis to turn food waste into bioplastics
Amazon is exploring ways to use Genecis’ bioplastics in its own packaging.
AssistIQ raises $2.5 million CAD to cut down on medical waste in hospitals
AI platform tracks use of disposable medical devices, supplies for surgeries and common procedures.
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.
MaRS, adMare BioInnovations launch new biotech accelerator for early-stage ventures
New accelerator will provide valuable lab space, mentorship.
Backed by Bay Street veterans, Obsiido wants to make alternative investing accessible
Obsiido emerges from stealth with $815,000 pre-seed round.
Lighthouse Labs, TechNL each secure over $20 million in federal funding for tech upskilling programs
Two orgs aim to train thousands of students to meet tech sector talent demands.