CFIB leads petition urging federal government to make changes to CEBA, CECRA, CEWS, CERB
A new online petition launched by the Canadian Federation of Independent Business (CFIB) is urging the federal government to enact specific changes to four COVID-19 aid programs in order to help small businesses recover from the pandemic. “Government needs to understand that there is a…
Newfoundland’s InspectAR acquired by Cadence Design Systems
Newfoundland-based startup InspectAR has been acquired by Silicon Valley-based electronic design automation (EDA) software company Cadence Design Systems. The purchase price of the acquisition was not disclosed. “We couldn’t be more excited for this new chapter of growth and vision.” InspectAR uses augmented reality to…
Intuit Canada joins Digital Main Street to support small businesses with digital transformation
Intuit QuickBooks Canada is set to announce plans to work with Digital Main Street as the organization looks to help Canadian small businesses digitally transform. The global accounting and financial services company is joining forces with Digital Main Street over the next year in an…
R|T: The Retail Times – Shop locally, worry globally
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe. Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week! Lightspeed…
Women-owned businesses suffering greater staff reductions due to COVID-19, report finds
During the COVID-19 pandemic, the percentage of women-owned businesses that have laid off 80 percent or more of their staff is much higher than that of businesses overall, according to a new report from the Women Entrepreneurship Knowledge Hub (WEKH). “We risk turning back the…
Halifax startup Groundhog lawsuit alleges US-based ConsenSys stole code to create rival product
Halifax-based crypto startup Groundhog has filed a lawsuit against New York-based ConsenSys, alleging the Ethereum company accessed Groundhog’s trade secrets to create a competing product. Groundhog filed the complaint last month with the US District Court in the state of New York, alleging ConsenSys misappropriated…
Atomwise raises $163 million CAD Series B
Atomwise, which operates an artificial intelligence (AI)-based drug discovery platform, has raised $163 million CAD ($123 million USD) in what it called an oversubscribed Series B financing round. “We will be able to leverage this to develop our own pipeline of small molecule drug programs.”…
Following pivot and pandemic-fuelled growth, Zoom.ai raises $600,000 in funding
Meeting scheduling software platform Zoom.ai has secured $600,000 CAD in a combination of equity and debt financing. The startup is classifying the round as bridge financing, with its last round being a seed extension in 2018. Zoom.ai told BetaKit the capital will be used to…
H|T: The Healthtech Times – Are you COVID app compatible?
The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week! Yourgene to acquire…
Shopify cuts office staff amid remote work shift
Shopify has laid off internal operations staff as the Canadian tech giant shifts to a permanent remote work model, BetaKit has learned. Approximately 30 to 50 employees were laid off, according to multiple sources with knowledge of the company’s operations, who spoke to BetaKit on…
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