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Cyber Security Today, Week in Review for week ending Friday, April 26, 2024

Welcome to Cyber Security Today. This is the Week in Review for the week ending Friday April 26, 2024. From Toronto, I’m Howard Solomon. In a few minutes David Shipley, head of Beauceron Security, will be here to discuss some of the biggest news of the past week. They include the latest developments in the […]

How Canada’s capital gains tax changes might impact Canadian tech

Last week, Canada’s Liberal government announced capital gains tax changes that, for the technology sector, have overshadowed all other items in Budget 2024. In short, the Government of Canada has proposed raising not the tax rate but the inclusion rate on capital gains—which include profits from the sale of assets like stock or property—from one-half […]

These three US tech giants are hiring in Canada

The landscape of tech giants is expanding rapidly. Recent data from Pitchbook indicates that during the first quarter of 2024, a record 37 startups globally achieved unicorn status—each valued at over $1 billion USD, representing the largest increase in these valuations over the past year. A wave of potential exits is also on the horizon. […]

Qohash secures $17.4 million in Series B funding for data security platform

Québec City-based artificial intelligence (AI) and cybersecurity startup Qohash has closed $17.4 million in Series B financing as it looks to scale its data-security platform. The round was led by Fonds de solidarité FTQ, with participation from Export Development Canada and existing investor Desjardins Capital. It comes approximately three years after Qohash closed $8 million […]

FreshBooks expands Stripe partnership with new embedded payments offering

Toronto-based accounting software company FreshBooks is launching FreshBooks Payments, a new offering alongside American payments processor Stripe. The company said FreshBooks Payments helps businesses onboard easier, improve cash flow, and help business owners invoice, track, and collect payments in one place. Businesses can send a Stripe payment link to their clients alongside invoices that, once […]

H|T: The Healthtech Times – AbCellera plays the long game despite losses

The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using this form to ensure you don’t miss out on the most important healthtech news every week! Despite billion-dollar pandemic boost, AbCellera still seeks ‘escape velocity’ When AbCellera posted a nearly US$150-million annual loss at the end […]

Report: Canada must close its talent gap or risk falling behind in the AI race

Even as public- and private-sector organizations in Canada are turning their attention to artificial intelligence (AI), almost half feel their staff are not adequately prepared to use it, according to a new report from Deloitte Canada’s Future of Canada Centre. The data from a survey of over 800 managers and executives at both public and […]

Sanctuary AI reveals seventh-generation robot it calls “analogous to a person”

Vancouver-based robotics startup Sanctuary AI has revealed the seventh generation of its general-purpose robot, Phoenix. The newest iteration of Phoenix comes less than a year after Sanctuary AI unveiled its sixth-generation robot, which was recently recognized by TIME as one of 2023’s best inventions. It also comes less than 16 months after its fifth-generation robot […]