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Coffee Briefing Sept. 26 – Cybercrime on the rise in Canada; CGI selected by Scotiabank to deploy enterprise payments platform; IBM aims to train two million learners in AI by 2026; and more

Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. Cybercrime on the rise in Canada, small businesses vulnerable Gearing up for Cybersecurity Awareness Month 2023, a new survey by Mastercard has […]

Data on 3.4 million mothers, children stolen from Ontario registry

Data on 3.4 million Ontario mothers, newborns, and children collected over the past 10 years has been stolen from the MOVEit file transfer server of a provincially-funded birthing registry, the latest organization to admit it was victimized by a zero-day vulnerability in the tool. The Better Outcomes Registry & Network Ontario, also known as BORN, […]

Experts urge changes to proposed Canadian privacy, AI laws before today’s hearing

In advance of the start of committee hearings on proposed Canadian privacy and artificial intelligence legislation today, 45 groups, experts, and academics released an open letter to Innovation Minister François-Philippe Champagne calling on major changes. Champagne and department officials are scheduled to testify before the House of Commons Industry and Technology committee at 3:30 p.m. […]

Amazon invests $4 billion in Anthropic as AI race heats up

Amazon is the latest to join the raging tech battle that has seen the likes of OpenAI, Google, Microsoft and Nvidia splurge billions on AI.  It announced yesterday that it is investing up to US$4 billion in Anthropic, which created a rival to OpenAI’s ChatGPT called Claude. Under the agreement, Amazon will provide cloud services […]

Homecare Hub secures $3.4 million CAD in seed funding for its Airbnb-style senior care platform

Toronto-based senior care platform Homecare Hub raised $2.5 million USD ($3.4 million CAD) in an all-equity seed funding round with participation from Inception Health, Ballad Ventures, Blue Lion Global, CABHI, and AARP. The oversubscribed seed round officially closed Sept. 13 and with additional milestone-based funding the round could surpass $3 million USD, Homecare Hub CEO […]

S|W: The SaaS Weekly – 1Password hits $250M ARR on the back of B2B growth

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using this form to ensure you don’t miss out on the most important SaaS news every week! Subscribe to BetaKit’s SaaS Weekly newsletter * indicates required Email Address * Secoda closes $19-million CAD Series A […]

Front Row Ventures closes over-subscribed $5.5 million CAD pan-Canadian fund

Front Row Ventures, the university student-led fund that invests in student-led startups, has closed $5.5 million for its first pan-Canadian fund. Some 50 founders backed the oversubscribed fund, which closed July 28, despite the current challenging fundraising environment. “We have ecosystem players from all over Canada,” a delighted Emmanuelle Coppinger, managing director of Front Row […]

Luge Capital looks to buck FinTech trends with $71-million CAD first close of new fund

With FinTech funding mired in a global slump, Luge Capital believes it has the record and strategic partners to capitalize in a market coming down from its “sugar rush.” The Montréal and Toronto-based FinTech-focused VC firm announced today a $71-million first close of its target $100-million fund. Limited partners (LPs) in the new fund, Luge […]