BetaKit

Award-winning coverage of Canadian startups and tech innovation since 2012.

[BetaKit @BetaKit]

Amid global uncertainty, the path forward is clear: Canada’s moment to build is now.

BetaKit Most Ambitious is back, telling stories of nearly 100 Canadian innovators strengthening our nation’s autonomy, security, and prosperity.

Read it now: https://t.co/gw0XdmVJSr

[BetaKit @BetaKit]

At @The_IIC conference in Ottawa, experts mulled the risks of Canada’s burgeoning prediction market industry.

Also in the BetaKit Newsletter:
🍁 A major cyber vulnerability hits home
🚀@Tesla and @SpaceX explore merger
🛍️@Shopify’s CTO departs

https://t.co/3r5aJ13v5e

[BetaKit @BetaKit]

The next Mass Effect game won’t make it out of @bioware.

Development is stopping as the Edmonton studio shuts down. The closure is a stark ending for a company that helped turn Mass Effect, Dragon Age, and Baldur’s Gate into global franchises.

https://t.co/aFGOj66Rd5

[BetaKit @BetaKit]

.@Nord_Space says the contract covers the minimum cost of maintaining the facility and systems over its length, but not individual missions or launches.

https://t.co/chvCwYJvO1

[BetaKit @BetaKit]

.@EvanLSolomon says the sites were taken down temporarily and as a precaution in response to serious vulnerabilities identified in PHP, software that underpins much of the internet.

https://t.co/I5TbuguoKX

[BetaKit @BetaKit]

Learn how lean finance teams are using AI to eliminate repetitive manual work without risking daily operations.

Join BetaKit and @tryramp on Oct. 27 for an actionable roadmap.

Save your spot: https://t.co/zmLV0U2TQo

[BetaKit @BetaKit]

.@hivealive spent 12 years pivoting, lost 60% of its revenue during COVID, and kept going.

Now, it says it’s well past $10M USD in ARR as it announces $27 million in equity Series B financing.

https://t.co/s2Re0Lbx7H

[BetaKit @BetaKit]

“There’s an enormous amount of noise and distraction” in Silicon Valley. Its one reason CoLab likes building in St. John’s.

Taylor Young says being farther from SF forces the company to focus more on customers and less on what other startups are doing.

https://t.co/0SlPO9NBYz

[BetaKit @BetaKit]

Garden Loft homes can track 37 behavioural signals inside a home to look for early signs that someone’s health is changing. The goal is to make something that's not just a smart home, but a part of seniors' medical care.

https://t.co/i9xhA92ofP

[BetaKit @BetaKit]

.@CelestaCapital will work with students, researchers, and faculty on entrepreneurship, patents, commercialization, and intellectual property as the @UAlberta tries to turn more of its deep-tech research into companies.

https://t.co/apErAx9y4M

[BetaKit @BetaKit]

The self-proclaimed “King of Bay Street,” @kingofbaystreet, and philanthropist Patsy Anderson and their families have pledged millions to support @sickkids' AI programs.

https://t.co/Acree4zJdF

[BetaKit @BetaKit]

In the VC world, moving straight to general partner is rare. Most people gradually work their way up the ranks. But @RyanStGermaine and @Raven_Capital say they're confident he can excel in the position.

https://t.co/3JV6vWwxs5

[BetaKit @BetaKit]

When MAK first warned @inc_uni that it wasn't living up to the deal, it quickly found private funding. It's still not clear, however, whether that funding was meant to improve UniUni's finances for the SPAC deal or provide liquidity if it fell through.

https://t.co/AjjV5O8CMM

[BetaKit @BetaKit]

Security doesn’t just defend your business; it accelerates it.

@Cybersecure_CA is launching Cyber for Startups, a no-cost program helping tech founders build security into products, win enterprise trust, and avoid technical debt.

https://t.co/U882WqJwvx

[BetaKit @BetaKit]

.@Reactiondyn is looking to raise $350 million and add nearly 300 employees over the next five years to send a new, more powerful rocket toward the stars.

https://t.co/XlxN4Ilx9V

[BetaKit @BetaKit]

.@Shopify CTO Mikhail Parakhin (@MParakhin), who has helped lead the retail tech giant’s AI charge, is departing after two years. $SHOP #CDNtech https://t.co/FdRFph4cHt

[BetaKit @BetaKit]

Montréal-based technology investor @inovia secures $200-million USD first close for sixth early-stage #VC fund. #CDNtech https://t.co/XMt1NkkloO

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.@ResolvMD_ serves about 1,700 of Alberta's physicians. Now, it's bringing its medical billing tech to Ontario.

https://t.co/AYZW5fPmHG

[BetaKit @BetaKit]

Rozvelt, the Montréal startup behind a breath-filtering mask for hunters, is expanding into the defence sector with a $3.1-million seed round.

https://t.co/casLWqDdnB

[BetaKit @BetaKit]

“The stock market is not even the stock market. The stock market is AI companies.”

@kylascan joins The BetaKit Podcast to discuss why #AI is viewed as the saviour of the US economy and the effect that's having on the public markets.

https://t.co/Ik6amPxI3s

[BetaKit @BetaKit]

Exclusive: Toronto and NYC’s @MeckaAI has recruited the growth hackers behind Ottawa-based “IRL sidequest” app @thirdspaceSo to help gather home video for training real-world robots. #CDNtech https://t.co/nwV7xYZCSp