AI chipmaker Tenstorrent closes nearly $700-million USD Series D …
Dec 2, 2024 · Canadian-founded, United States (US)-based artificial intelligence (AI) hardware company Tenstorrent has secured more than $693 million USD in Series D funding from a slew of big-name investors, including Amazon founder Jeff Bezos’s investment firm and electronics giant Samsung.. The AI chipmaker said it plans to use the funding to build out its open-source AI software stacks, ramp up hiring ...
Federal government outlines $2 billion in AI compute spending ...
Dec 5, 2024 · The federal government has launched the Canadian Sovereign AI Compute Strategy, outlining how it intends to deploy the $2 billion CAD it promised for artificial intelligence (AI) computing power as part of Budget 2024.. This funding has been allocated towards increasing the computing power available to Canada’s AI researchers, startups, and scaleups.
Neo Financial’s $360-million Series D features big names, …
Nov 11, 2024 · Calgary and Winnipeg-based challenger bank Neo Financial has secured $362 million CAD in Series D financing as the FinTech scaleup looks to offer Canadians more competitive alternatives to traditional banks.. The financing, which closed last month, consists of $112 million CAD in equity and $250 million CAD in debt.
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Dec 30, 2024 · Covering Canadian startups and tech innovation since 2012.
Lightspeed confirms strategic review of business as company …
Sep 26, 2024 · In response to recent media reports that the company is exploring a sale, Montréal-based Lightspeed Commerce has confirmed that it is currently conducting “a strategic review of its business and operations.”. The payments technology company announced that it periodically undertakes such reviews “with a view to realizing its full potential.” As part of this process, Lightspeed said it ...
Iconiq reportedly buyer of $100-million worth of Wealthsimple …
Nov 22, 2024 · Last week when Power Corp. revealed it had marked up the valuation of its controlling stake in Wealthsimple, BetaKit reported that Power’s Q3 financial results indicated the Toronto FinTech giant was engaged in a third-party secondary transaction expected to close during the fourth quarter. At the time, Wealthsimple declined to share further details.
Canada’s Competition Bureau targets Google for anti-competitive ...
Nov 28, 2024 · Canada’s Competition Bureau is suing Google for what it calls anti-competitive conduct in Canada’s online advertising technology services.
Workers are embracing AI faster than employers can keep up
Nov 27, 2024 · Unlock the future of work: dive into the State of Skills in AI Report today! Discover the essential skills shaping tomorrow’s workforce. Access the report here and stay ahead in the AI-driven job market.. Images licenced by FSC and provided to BetaKit.
University of Waterloo’s Velocity moves out of the Garage & into …
Nov 15, 2024 · Velocity has a new home at the University of Waterloo’s Innovation Arena in downtown Kitchener. The university-linked incubator will take half of the 90,000-square-foot Innovation Arena, which includes 20,000 square feet of purpose-built lab space for hardware and healthtech equipment.
Flinks co-founders trade open banking for open utility with new …
Oct 15, 2024 · The founders behind FinTech-focused Flinks are back with another startup—but instead of financial data, they’re connecting businesses with utility data to track energy consumption.