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How AI startup Cohere landed $170M of funding in a year
Cohere helps developers integrate natural-language processing into their products more easily
News round-up: Elevate’s star speaker, Swtch Energy’s raise and more
Here’s what’s been happening on Toronto’s startup scene this week.
Not joking around: Toronto stand-up comedians experiment with NFTs
Barry Taylor of Comedy Records details how new tech, learning from mistakes and good-old-fashioned community have supported his roster of artists throughout the pandemic.
News round-up: Funding challenges for women founders, and ventureLAB eyes medtech
Here’s what’s been happening on Toronto’s startup scene this week.
How Wright Mobile Spa is riding the personalized wellness wave
When the bottom dropped out of the market for corporate perks, the portable pampering company refocused on people who needed a little luxury at home.
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"Startups in Toronto benefit from support at every stage. From the very early stage we have incubators, accelerators and seed stage investors. In the growth stage, we have funders willing to invest a lot of money to really help a company take-off. This gives tech companies in Toronto a huge advantage.”
Allen Lau, CEO & Co-Founder, Wattpad
“Something that makes Toronto truly unique is that willingness to share and communicate with people very openly inside the industry looking at the global pie as something we can all co-create and achieve together.”
Satish Kanwar, VP of Product, Acceleration, Shopify
"A culture of collaboration is really at the heart of what’s next in innovation. What’s exciting in Toronto is that we have local and international businesses partnering with the startup ecosystem and increasingly with the academic community to position themselves for success in the future. And it’s happening across the spectrum from digital media and information technology, to life sciences and healthcare, energy solutions and social innovation.”
Dr. Ilse Treurnicht, Former CEO, MaRS Discovery District
"If you come to our studio and take a look at the people sitting around the table discussing ideas, they’re from almost every part of the world. I think it has really helped Umbra create an international style.”
Paul Rowan, Co-Founder, Umbra
“The scale and quality of meet-ups and conferences and speaking events have gone up dramatically. You don’t need to leave Toronto to build a successful company.”
Evgeny Tchebotarev, Co-Founder, 500px
“I think it’s an attractive place to come for talented people, it's a huge market for creative people and I think there are some companies emerging that give people hope that it can be done here.”
Mike McDerment, CEO/Co-Founder, Freshbooks
“In Toronto, Bombardier manufactures business and commercial aircraft and relies on the diversified, local regional supply chain. We work with more than 70 suppliers located in the Greater Toronto Area and we benefit from a variety of expertise going from complex machining to systems integration.”
Graham Kelly, Vice-President, Global Operations & Toronto Site, Bombardier Aerospace
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