Xanadu’s Christian Weedbrook among Quantum Industry Canada’s three new board appointments
Quantum Industry Canada (QIC), an advocacy group for Canada’s quantum technology sector, has added three new industry leaders to its board of directors. “I can guarantee that QIC is heading somewhere big.” – Martin Laforest Among the appointments is Christian Weedbrook, the founder and CEO of Xanadu, one of Canada’s largest quantum computing players. Xanadu […]
Montréal’s tech hub is in trouble, Waterloo Region goes grassroots
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter. Subscribe to the BetaKit Newsletter * indicates required Email Address * TOP STORIES OF […]
F|T: The FinTech Times – Synctera and Monarch Money seek to fill Canadian finance gaps
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using this form. Subscribe to the FinTech Times newsletter * indicates required Email Address * Synctera launches embedded banking platform in Canada(BETAKIT) After getting its […]
Cyber Security Today, Dec. 18, 2023 – Customer contact info stolen from MongoDB, more stringent American cyber attack reporting rules start today
Customer contact info stolen from MongoDB, more stringent American cyber attack reporting rules start today. Welcome to Cyber Security Today. It’s Monday, December 18th, 2023. I’m Howard Solomon, contributing reporter on cybersecurity for ITWorldCanada.com and TechNewsday.com in the U.S. This is a notable day if you’re a publicly traded company in the U.S. Most […]
Beauty tech startup Fyyne acquired by Nigeria-based e-commerce company Bumpa
Toronto-based Fyyne, which offers a marketplace for beauty services and business management tools for independent beauticians, has been acquired by Nigerian e-commerce firm Bumpa. Both companies declined to disclose the financial terms of the deal, which closed this summer. The move comes about a year and a half after Fyyne launched its beauty tech platform […]
Friendlier closes $5-million seed extension for reusable packaging solution
Guelph, Ont.-based cleantech startup Friendlier has secured a $5-million seed extension as it looks to help businesses transition from single-use plastics to reusable packaging. The seed extension was co-led by Relay Ventures and Garage Capital, with participation from other undisclosed investors. The round is an extension of Friendlier’s $2.5 million seed funding round, and brings […]
Inverted AI closes $5.3 million CAD in seed funding for vehicle safety simulation tech
Vancouver-based Inverted AI has closed over $5.3 million CAD ($4 million USD) in seed funding as it looks to develop AI technology for realistically simulating human drivers on roadways. The seed round was led by Yaletown Partners, with participation from Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF. The startup’s last raise was […]
Why is the Start-up Visa program struggling?
TMU senior research associate Stein Monteiro and former NACO CEO Yuri Navarro join to discuss the successes and failures of the Start-up Visa program in relation to its predecessor, and how improving the program might be difficult without the right data. “The government doesn’t have a great way of being able to kind of parse through […]
How John Raeder would use his $600 million growth fund to scale your startup
After successfully operating businesses through both the dot-com bust and the 2008 Financial Crisis, John Raeder has developed a “paranoia of operational frailty,” always planning for a doomsday scenario. That approach seems to work well; the 340-page playbook he built from the experience has consistently helped portfolio companies at Bow River Capital, where he is […]
Fifth-annual Startup Community Awards celebrates Montréal’s innovation ecosystem
Montréal’s tech ecosystem has recognized 15 local startups, stakeholders, and leaders at the fifth iteration of the Startup Community Awards (SCA), hosted by MTL NewTech. This year, nominations for the awards were gathered from 1,670 individual voters, with 8,460 total votes being cast. A total of 475 nominees were then vetted by a panel of […]