Sixty Degree Capital closes $338 million CAD for third venture fund
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Sixty Degree Capital closes $338 million CAD for third venture fund

The new fund looks to invest in enterprise software and healthtech startups. Toronto-headquartered Sixty Degree Capital has completed a final close of its third…

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SaaS
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Canadian SaaS investment rebounded in 2023, reaching nearly $7 billion

L-Spark’s report identified 20 SaaS deals valued at $50 million or more. Canada’s software as a service (SaaS) sector saw a marked year-over-year…

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Tenstorrent and Hyundai
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A|I: The AI Times – OpenAI employee secondary values company at least $80 billion

Plus: Why Korean car makers want Tenstorrent’s AI hardware. The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data,…

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Prime Minister Justin Trudeau
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EDC report says Canada is struggling to convert startups to scaleups

Plus: Ripple Ventures plants flag in Vancouver as part of coast-to-coast Fund III. Welcome to BetaKit’s startup stories of the week! Here, you will…

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Miovision acquires Global Traffic Technologies, raises $260 million from Telus, Maverix, EDC
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Traffic management startup Miovision closes $36-million CAD, bringing latest round to $296 million

Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth. Traffic management startup Miovision has closed $36 million CAD for…

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A|I: The AI Times – How AI Drake is testing copyright law and fair use
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A|I: The AI Times – How AI Drake is testing copyright law and fair use

Plus: Google combines its competing AI research units. The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and…

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Academics, CEOs push for AI regulation, as Canadian companies race to adopt the technology
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Canadian startup news of the week (4/23/23)

Plus: BDC launches $150M sustainability fund. Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…

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Miovision acquires Global Traffic Technologies, raises $260 million from Telus, Maverix, EDC
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Miovision acquires Global Traffic Technologies, raises $260 million from Telus, Maverix, EDC

Miovision is buying Global Traffic Technologies for $107 million USD. Miovision has purchased fellow traffic management company Global Traffic Technologies (GTT) in a deal…

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The OpenAI logo on a black background
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A|I: The AI Times – OpenAI is now everything it promised not to be

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you…

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Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions
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Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions

MicroTraffic uses AI to predict potential traffic accidents. Miovision has acquired Winnipeg startup MicroTraffic with the goal of bringing collision predictions to its traffic…

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