TikTok Bans, CEO kidnappings, and Canadian tech’s Fast 50
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Aron Levitz named co-president of Wattpad as #CDNtech executive turnover continues through the fall
In the latest wave of leadership changes in Canada’s tech sector this year, Toronto-based Wattpad has found a new co-president in one of its long-time leaders: Aron Levitz. Levitz joins from Webtoon Studios, a division of Wattpad’s parent company, South Korea-based conglomerate Naver Corporation, where he has served and will continue to serve as president. […]
‘The world’s biggest problems are not going to be solved with software’: industry leaders unpack Canada’s opportunities in semiconductors and AI
Semiconductors and artificial intelligence (AI) took centre stage at the fourth HardTech Summit this week, where attendees gathered to network, attend panels, exhibitions, and check in on the state of Canada’s hard technology ecosystem. Markham, Ont.-based VentureLab, which caters to entrepreneurs building hard tech solutions, hosted the event. “It’s becoming clear that the world’s biggest […]
Online legal database CanLII sues Caseway AI for copyright infringement
The Canadian Legal Information Institute (CanLII) has filed a lawsuit against artificial intelligence (AI) startup Caseway AI, alleging Caseway violated its terms of use and infringed copyright by scraping 3.5 million records from CanLII’s database. The suit follows a failed cease-and-desist letter the institute sent to Caseway last month, demanding the startup delete and end […]
Citing national security risks, feds order shutdown of TikTok’s Canadian arm but forgo outright ban
The Government of Canada has ordered social media giant TikTok to wind up its operations in Canada, but refrained from banning use of the short-form video platform outright. In a Nov. 6 statement, Innovation Minister François-Philippe Champagne indicated that with this move, the federal government aims to address “specific national security risks” related to the […]
WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
Dean Skurka, president and CEO of Toronto-based cryptocurrency company WonderFi, was reportedly kidnapped and held for ransom in Toronto yesterday. A Toronto Police Service spokesperson told BetaKit that police were called about a kidnapping in the area of University Ave. and Richmond St. W. just before 6 p.m. on Nov. 6 after suspects forced the […]
Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings
Shares in Montréal-based Lightspeed Commerce and Vancouver-based Well Health Technologies both climbed after the companies reported reaching new nine-figure revenue milestones in their latest quarterly earnings. Both Lightspeed and Well posted strong revenue growth in their latest fiscal quarters, with Lightspeed reporting $277.2 million USD and Well reporting $251.7 million CAD, a year-over-year increase of […]
MedEssist offers pharmacists medication delivery through new partnership with Uber Direct
Toronto-based healthtech startup MedEssist has launched a new integration with Uber’s white-label delivery service to expand access to same-day medication delivery for pharmacies across North America. The partnership between MedEssist and Uber Direct will allow community pharmacies in Canada and the United States to tap into Uber’s network of workers and offer delivery to their […]
Longbow Capital completes $150-million initial close of second Energy Transition Fund
Calgary-based private equity firm Longbow Capital looks to continue investing in emission-tackling companies after securing an initial close of $150 million for its second energy transition fund. Longbow’s first Energy Transition Fund reportedly raised a total of $181 million. The initial close of Energy Transition Fund II, which has a target of $250 million, is […]
Cracking the code with AI
Earlier this year, Mantle faced a common challenge. The next-generation equity management platform had finished the prototype for a new product, and needed to get it ready for production. “We developed an approach that reduced the scope of work by two-thirds and saved months of developer time.” Dwayne Forde, CTO of Mantle They had built […]