Artificial Intelligence

Aifred Health sole Canadian team among 10 semi-finalists of global IBM Watson competition

Montreal-based Aifred Health has been named one of the top 10 semi-finalists of the global IBM Watson AI XPrize. The startup is the final Canadian team remaining in the multi-year competition. “We have the chance to show the world what we can do.” “Being in this competition up until this le ...

Canadian startup news of the week (1/26/20)

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page. T ...

ATB Financial to host open finance hackathon in February

Alberta-based ATB Financial is hosting an open finance hackathon on February 7 and 9 at Royal Mount University in Calgary. The hackathon aims to “educate and elevate” the conversation around open finance by letting participants collaborate, connect and brainstorm. The event also aims to show ho ...

Why investment in Canadian SaaS Startups shot up 200 percent in 2019

It’s a great time to be a software-as-a-service (SaaS) startup. Advances in cloud computing and the need for enterprise-level software have contributed to incredible growth in recent years, with the worldwide SaaS industry expected to be worth over $100 billion by 2020. Of course, every startup i ...

False Positives and Machine Learning

There is a high rate of failure among quant funds. These include smart beta, factor investing, statistical arbitrage, and CTAs. Such false positive strategies are a widespread industry problem. Since psychiatrists have long traded on the ability of the human mind to find an elaborate narrative in a ...

DMZ, Rogers Cybersecure Catalyst launch cybersecurity-focused accelerator

Two Ryerson University programs, Ryerson’s Digital Media Zone (the DMZ) and Rogers Cybersecure Catalyst have launched a new accelerator for scale-up companies in the cybersecurity space. Companies will have access to the DMZ’s investor network and $500,000 worth of business services. The Cata ...

Bonsai raises $4 million CAD to replicate new Complex Media shop with other publishers

Commerce startup Bonsai has raised a $4 million CAD bridge round to fuel a new business model that it sees as the future of e-commerce for publishers and media companies. The financing was led by Michael La Brier, chairman of Supreme Cannabis, a Toronto-based brand with a portfolio of cannabis grow ...

Calgary-based Communo raises $3.3 million seed round

Communo, which helps connect businesses in the marketing and advertising fields, has raised a $3.3 million CAD seed round, bringing its total funding to date to $4.3 million. Participants in the round included Panache Ventures and Calgary-based ICM, Brett Wilson, chairman of Prairie Merchant and Fr ...

Mastercard commits $510 million for new global cybersecurity centre in Vancouver

In an announcement at the fiftieth annual World Economic Forum currently being held in Davos, Switzerland, Minister Navdeep Bains and Ajay Banga, CEO of Mastercard, revealed today that Mastercard will open its latest global technology centre in Vancouver. “Somebody has to take the initiative to r ...

Dialogue evolves product with the acquisition of German health services company

Dialogue, which offers a virtual technology platform for employees, has announced its acquisition of Argumed Consulting Group, a German-based Occupational Health and Safety (OHS) services company. “This acquisition allows Dialogue to pursue its mission through a different lens.” According to t ...