Google and Nvidia-backed CentML secures $37 million CAD to help companies deploy AI amid chip shortages
Toronto startup wants to help AI hardware “starvation period” by optimizing ML models.
Source: betakit.com
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After pivoting focus from sellers to buyers, Kiwiz hopes to be the Uber for car inspections
Kiwiz has raised $600,000 CAD in pre-seed funding.
Source: betakit.com
How A Spin-Off Spun Up Laser Fast
Lumentum rebuilt its entire IT department in 2015 in preparation for becoming a fully independent company on August 5, 2015. It needed the global trade management function to be operational on that date so that it could continue exporting products but with a much smaller IT team.
Sree Vaidyanathan Lumentum Vaidyanathan Accelalpha Ganesh Nat Ganesh Oracle Global Trade Management Cloud Service Oraclee Business Suite
Source: forbes.com
S|W: The SaaS Weekly – Struggling BBTV to go private while BlackBerry spinout eyes June IPO
The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
Source: betakit.com
QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants
Montréal-based retail tech startup QuoteMachine has raised $3.7 million in new seed financing as the startup looks to personalize the online selling experience for merchants.
Jonathan Muschalle Clocktower Technology Ventures San Francisco Based Manresa Ventures Telegraph Hill Capital Maple Leaf Angel Real Ventures
Source: betakit.com
Rheinmetall-led next-gen training solution wins EU backing
The FEDERATES consortium will aim to create a distributed synthetic simulation environment, fostering collaboration in a networked digital ecosystem similar to NATO's MSaaS.
Indra Sistemas Service Msaa Federated Ecosystem European Simulation Assets Decision Support Training Solution
Source: shephardmedia.com
Workplace investigation platform Case IQ acquires hotline service Whistleblower Security
Case IQ sees telephone hotlines as a “crucial” element of case management intake.
Shannon Walker Resurgens Technology Partners Vancouver Based Whistleblower Security Whistleblower Security Case Iq Si Sight
Source: betakit.com
What Allen Lau learned from Wattpad's $754-million acquisition
Ahead of his TechExit appearance on October 25, Allen Lau spoke to the current state of M&A, the value of mentorship, and what role VCs can play.
Source: betakit.com
"Cooler financing environment" leads StellarAlgo to restructure and make layoffs
Calgary’s StellarAlgo has laid off 21 people in a restructuring aimed at helping it serve customers more efficiently with its sports fan engagement platform.
Source: betakit.com
Restaurant software startup Snappy secures $7-million Series A round
Toronto-based restaurant management software startup Snappy has raised $7 million in Series A financing as the startup looks to bolster its North American presence.
United States United Kingdom Ricky Wang Andrew Smith North American Texas Based Golden Section Ventures
Source: betakit.com