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With Passage acquisition 1Password prepares to battle tech giants for passwordless future (BETAKIT)
When Shiner took over the reins at Agile Bits—the company that would eventually morph into 1Password—ten years ago, it was a small development shop based in Toronto. By January of this year, the company was valued at $6.8 billion, following a $744 million CAD Series C round.
Hims & Hers bucks health tech’s downward trend, boosts 2022 revenue guidance (FIERCE HEALTHCARE)
The telehealth company, which sells prescription and over-the-counter drugs online as well as personal care products, reported better-than-expected revenue growth in the latest quarter, reporting its top line grew 95% to reach $144.8 million mostly due to its online business segment. The company’s top line beat Wall Street estimates as analysts expected revenue of $130.3 million in the third quarter.
Meta mass layoffs hit Canada less than a year after major expansion plans (BETAKIT)
Meta’s broad reductions affected every organization within the corporation, spanning Facebook, Messenger, Instagram and WhatsApp. The cuts also affected Meta’s Canadian employees as multiple LinkedIn posts have indicated.
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How one of Canada’s fastest-growing companies became its fastest shrinking – but learned to thrive (THE GLOBE AND MAIL)
Revenue for the Toronto company, which makes innovative portable intensive-care units complete with ventilators, increased about tenfold in 2020 to nearly $100-million and stayed there in 2021. It was enough for Thornhill, which goes by Thornhill Medical, to garner 10th place on The Globe and Mail’s Top Growing Companies list in September.
PointClickCare, Pfizer partner to exchange real-world data on seniors (MOBIHEALTHNEWS)
The cloud-based software company is focused on elder care. It covers the long-term and post-acute care market. PointClickCare will provide Pfizer with real-world data insights that specifically represent older adults, especially those in long-term care facilities, to help guide decisions on new therapies.
How Poseidon Ocean Systems pivoted internationally when domestic opportunity dried up (BETAKIT)
Speaking with BetaKit, Clarke explained Poseidon’s journey, how she stumbled upon her big opportunity, and how she managed the process of commercializing two products globally.
Talkspace names CEO as it pitches remote therapy to employers (THE WALL STREET JOURNAL)
The company, one of the best-known names in remote therapy, has picked a new CEO to help continue an overhaul of the business that began last year after several top executives left amid disappointing results and criticism from investors who said they had been misled.
OnCall Health acquired by US-based SaaS provider Qualifacts (BETAKIT)
Led by CEO Nicholas Chepesiuk, OnCall claims that it has hosted over one million virtual healthcare consults. Prior to its acquisition, OnCall has raised about $10.5 million CAD to date, which includes a $2 million seed round in 2019 and $7.9 million in Series A financing in 2020.
‘Self-therapy’ startups are blooming in the ‘moderate mental health’ space (TECHCRUNCH)
In this “moderate mental health” problems space is also Bloom, a New York-based digital mental health “self-therapy” startup that claims it can help with mild to moderate mental health problems.
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