Layer 6, Toronto AI startup, was acquired by TD. This will help TD bank with their artificial intelligence ambitions as many financial institutions started rushing into AI space. The acquisition price was not disclosed. The company will remain in their mid town Toronto location, and will do work exclusively for TD from now on. Michael … Continue reading TD Bank buys Toronto AI startup
Social media company Yelp has just acquired Toronto based Turnstyle for $20m in cash. Turnstyle is a company based in Toronto employing over 35 employees. It is a marketing and analytics platform that utilizes public Wi-Fi to attract, retain and reward customers. Turnstyle enables clients to learn actionable insights about on-premise customer behaviour and send … Continue reading Yelp acquires Toronto Turnstyle for $20m
BlueCat Networks, a leading provider of Enterprise DNS, announced today it has agreed to be acquired by Madison Dearborn Partners, a leading private equity firm based in Chicago. Upon completion of the transaction, BlueCat’s management team will remain in place and retain a significant equity ownership position in the company. BlueCat is The Enterprise DNS … Continue reading Toronto BlueCat Networks sold for $400-million
AirBnB is in talks to acquire Montreal based Luxury Retreats, according to Bloomberg's interview. Luxury Retreats's purchasing cost discussed was around $300m USD in cash and stock options. "We are always looking to provide our community with access to new and different options, but we have no announcements to make," Airbnb spokesman Nick Papas said … Continue reading Montreal Luxury Retreats is about to be acquired by behemoth Airbnb?
Hootsuite, a Vancouver based social media management platform, acquired AdEspresso, a San Francisco based provider of Facebook and Instagram advertising management. The amount of the deal was not disclosed. Video of Massimo Chieruzzi CEO , AdEspresso: Allright… it’s time to finally let the big news out…Today AdEspresso is joining forces with Hootsuite The n.1 Facebook … Continue reading Vancouver Hootsuite acquires San Francisco AdEspresso / Facebook Ad Optimizer
The Chan Zuckerberg Initiative, the organization launched by Facebook founder and CEO Mark Zuckerberg and his wife Dr. Priscilla Chan to advance human potential and promote equality, has acquired Meta, a Toronto, Ontario, Canada-based developer of an AI for scientists to read, understand and prioritize scientific papers. No financial information was released. Meta’s platform aims … Continue reading Toronto based Meta, artificial intelligence for science, acquired by Facebook founder foundation
Microsoft has agreed to acquire Maluuba, a Montreal Waterloo based company with one of the world’s most impressive deep learning research labs for natural language understanding. Maluuba’s expertise in deep learning and reinforcement learning for question-answering and decision-making systems will help Microsoft advance their strategy to democratize AI and to make it accessible and valuable … Continue reading Montreal / Waterloo Maluuba, AI deep learning startup, has been acquired by Microsoft