Author: Maplestime Staff

The personal information of some Wealthsimple customers was accessed without authorization following an Aug. 30 security breach, the FinTech company revealed today. Wealthsimple told BetaKit the incident affected “significantly fewer” than one percent of its 3 million customers, which would amount to fewer than 30,000 clients. All impacted accounts have been notified by email. “All accounts remain secure, and no funds were accessed or stolen. We acted quickly and in a few hours the issue was contained,” the company said in a statement. The personal information accessed included contact details, government IDs, financial account numbers, IP addresses, social insurance…

Burnaby, BC-based medical technology company Kardium has received pre-market approval from the United States (US) Food and Drug Administration (FDA) for its innovative heart device: the Globe Pulsed Field System (Globe System). The company has also been given 510(k) clearance for both the Globe Introducer sheath and Globe mapping software. “The FDA approval of the Globe System represents the most significant milestone in the life of Kardium.” Kevin Chaplin, Kardium The Globe System is designed to treat a common heart problem called atrial fibrillation (AF). AF is an irregular heartbeat disorder that affects more than 59 million people globally. It…

Two Canadian startups — Reaction Dynamics and Tactiql — each won €300,000 ($482,000 CAD) in NATO’s DIANA accelerator Phase 2. Defence tech is booming.

The Ontario Health Innovation Pathway is a new streamlined system for adopting healthtech — and it prioritizes made-in-Ontario solutions. What vendors need to k

Ottawa startup Dominion Dynamics raised a “very substantial” pre-seed round and will test defence tech at the Arctic Training Centre in Yukon.

Mistral AI is reportedly finalizing a €2B round at a $14B valuation, cementing its spot as Europe’s most valuable AI startup. What it means. (149 chars)

FedDev Ontario is investing $2.4 million in Toronto’s Black Creek Community Health Centre to expand Black Entrepreneurship Alliance incubator programs.

Cohere co-founder Nick Frosst says throwing more computing power at large-language models (LLMs) won’t necessarily get the world any closer to so-called artificial general intelligence (AGI). On the 20VC podcast, hosted by Harry Stebbings, Frosst took a contrarian spin on industry hype around AGI. The computer scientist and indie musician called out OpenAI CEO Sam Altman for both touting the technology’s power and raising concerns about its potential threat to humanity. Frosst doesn’t believe that pure scaling could create AGI, a nebulous concept which he defines as “treating a computer like a person.” “I think that was academically disingenuous…

As the feds prepare to accelerate defence spending, Business Development Bank of Canada (BDC) president and CEO Isabelle Hudon says that the Crown corporation is gearing up to serve the country’s defence tech sector in “a less shy” and “more aggressive way.” “We are getting ready—the whole bank—to make this sector a strategic one to support,” Hudon told BetaKit in an interview about the bank’s latest annual report. “It’s a 360-[degree] project at the bank.” Isabelle Hudon, BDC Those fiscal 2025 results state that the federal government-funded BDC increased venture capital (VC) investments while once again marking…

Toronto-based legaltech startup Bench IQhas raised $5.3 million USD ($7.3 million CAD) in seed financing to help expand its artificial intelligence (AI) platform that says it can analyze judicial rulings for lawyers. Bench IQ said it plans to expand its coverage to US state judges and Canadian judges. The round closed earlier this year, led by Inovia Capital and Battery Ventures, and included $1 million USD of debt. Other backers included CIBC Innovation Banking, MVP Ventures, Maple VC, and Haystack VC. The startup said this brings its total funding to $7.4 million USD. Bench IQ’s platform claims to help lawyers…