Zafin founder and CEO joins latest slew of #CDNtech executive turnover
After over 20 years at the helm, Zafin founder Al Karim Somji is joining a growing list of executive turnover in Canadian tech after being acquired in February. Charbel Safadi, who previously served as the banking platform’s group president, will take over as CEO immediately, while Somji will continue to serve as a “substantial stakeholder” […]
Boom and goConfirm launch new products from experienced #CDNtech leaders
Two new offerings have come out of companies led by former leaders within Canadian tech giants. Founded by Shopify alumni Robleh Jama, CEO, and Krishna Satya, CTO, Boom is looking to inject energy into remote work meetings with camera personalization tools. The MacOS app works with multiple video-calling platforms and allows users to add branded […]
Cyber Security Today, April 24, 2024 – Good news/bad news in Mandiant report, UnitedHealth admits paying a ransomware gang, and more
Good news/bad news in Mandiant report, UnitedHealth admits paying a ransomware gang, and more. Welcome to Cyber Security Today. It’s Wednesday April 24th, 2024. I’m Howard Solomon. Security teams may be getting better at finding hackers lurking in their IT systems. That’s according to Mandiant’s latest annual M-Trends report. The mean time an attacker […]
Interac acquires “key employees,” exclusive Canadian rights to payments personalizer Vouchr
Canadian payment services provider Interac has acquired the exclusive rights to use Toronto-based Vouchr’s payments personalization platform in Canada. Interac said it invests into the Canadian FinTech ecosystem “to create a more accessible and secure digital economy.” An Interac spokesperson also told BetaKit that Interac has brought in several key Vouchr employees to integrate the […]
A|I: The AI Times – This Canadian AI startup will collab with semiconductor giant Arm
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using this form. Untether AI to collaborate with semiconductor giant Arm on smart vehicle solutions Toronto-based artificial intelligence semiconductor startup […]
Tech hub watch: Genesis loses its CEO, Edmonton Unlimited welcomes a new one
Edmonton Unlimited has announced the appointment of Tom Viinikka as its new CEO. Viinikka will assume the role on May 15, taking over from Launa Aspeslet. According to a January report from Taproot Edmonton, Aspeslet was named the organization’s interim CEO after Catherine Warren departed the role that month. The transitions add to a growing […]
Forcen closes $8.35 million in funding to develop its touch-tech for robots
Toronto-based robotics sensing company Forcen has closed an $8.35 million CAD funding round as it looks to scale up its prototype production facilities. The round was co-led by Brightspark Ventures and BDC Capital’s Deep Tech Venture Fund with participation from Garage Capital, MaRS IAF, and returning investors including EmergingVC. Forcen said it will use the […]
AI and Web3 startup Inference Labs secures $2.3 million in pre-seed funding
Hamilton, Ont.-based Inference Labs has closed $2.3 million in pre-seed funding as it looks to make AI inference more accessible. The round was co-led by three investors: Digital Asset Capital Management, Mechanism Capital, and Delphi Ventures. Additional participation came from Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, Metropolis DAO, Mozaik Capital, Newman Capital, Seed […]
BetaKit launches new program for Innovation Leaders
Today, we are pleased to announce BetaKit Innovation Leaders, a new program designed to provide Canada’s top innovation organizations with exclusive programming and insights. This is a new building block in BetaKit’s evolving business model, and one that helps ensure our independent journalism remains open and accessible to everyone in Canada, a value proposition we […]
AutoAlign spins off from Armilla AI, launches firewall solution for LLMs
Toronto-based AutoAlign has spun off from its parent company Armilla AI and has launched a firewall solution aimed at making large language models (LLMs) safer. According to a spokesperson for AutoAlign, the new spinout is being led by Dan Adamson as interim CEO and co-founder, and Rahm Hafiz as CTO and co-founder. Adamson will continue […]