AltaML, Waabi, TrojAI among Vector Institute’s 20 Canadian AI startups to watch for 2023
The list was narrowed down from 150 startups.
Toronto
Walnut Insurance secures $4 million CAD to help FinTechs deliver embedded insurance programs
Walnut has partnered with Neo Financial, Nuula to launch their insurance products.
Frate secures $2 million CAD to make e-commerce returns sustainable, cost-effective
“We turn customers’ houses into warehouses, and also fulfillment centers.”
The Upside Foundation appoints Juanita Lee-Garcia as new executive director
The Venture for Canada alum takes reins at “pivotal time” for Upside.
Shabodi closes $14 million CAD Series A to simplify 5G for developers
Shabodi aims to be to 5G what Stripe is to payment integrations.
Plooto closes $27 million CAD Series B to help SMBs manage cash flow
Plooto plans to double down on product-led growth strategy.
AI-driven investment startup Delphia acquires Fathom Privacy to increase transparency with user data
Users pool their data together through Delphia with the goal to improve investment strategies.
CommerceBear raises $10.5 million USD to modernize outdated furniture e-commerce market
CommerceBear wants to create easy access to channels like Wayfair.
GoBolt closes $75 million Series C round to double down on EVs, North American expansion
GoBolt spent the last year building a fleet of EVs from suppliers like Ford, Lion Six.
Top Hat acquires STEM EdTech startup Aktiv Learning
Aktiv is Top Hat’s fifth acquisition, and its first outside of publishing.
Wattpad president Jeanne Lam resigns months after being tapped to lead company
Naver Webtoon’s KB Nam has been appointed interim president.
Led by former Ada employees, Lancey secures $2 million to let B2B software buyers “try before you buy”
YC grad Lancey is backed by group that includes Panache, Garage, and Ada’s CEO.
Private AI secures $10.7 million CAD to protect personal data from privacy breaches
Microsoft, BDC, Twilio alum are among Private AI’s investors.
Cross-border payments startup Buckzy takes the smart money in downscaled $19.5 million CAD Series A
In challenging market, Buckzy opts for smaller round to hit escape velocity in 2023.
Ha Nguyen named McRock Capital’s third partner as firm looks to raise $200 million fund
Nguyen is the first McRock partner in addition to firm’s co-founders.