Artificial Agency, an AI startup advancing generative behaviour for gaming, this week emerged from stealth. In doing so, the Edmonton-based startup announced US$16 million in funding. The round of capital hails from from Radical Ventures, Toyota Ventures, Flying Fish, Kaya, BDC Deep Tech, TIRTA Ventures, and others. The funding will be used to accelerate the […]
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University Innovation Fund Unveils Initial Investment in Edmonton Startup
The University of Alberta this month launched an investment fund targeting startup ventures that are working to solve challenges while diversifying the province’s economy by providing support for entrepreneurs across the region. Supported by both private donors and public partners, The U of A Innovation Fund intends to work with startups to mobilize the university’s […]
Alberta Tech Industry Embraces Downturn, Prepares for Rebound
With 20 million users accessing their platform, Benevity is the largest corporate purpose software provider in the world. But last week, Benevity announced it is laying off 137 staff members. This represents 14% of the Calgary-based technology unicorn’s workforce. In a statement posted to Benevity’s website, CEO Kelly Schmitt called it one of the toughest days in the company’s history. […]
Alphabet Layoffs Impact Alberta’s AI Cluster, But Ecosystem Remains Resilient
Alphabet’s recent announcement that it will cut a whopping 12,000 staff sent shockwaves throughout the industry. The move will impact many regions and organizations, including dealing a blow to Alberta’s burgeoning artificial intelligence scene. That is because Google owns DeepMind, the company’s AI research arm, which runs an office in Alberta. As a result of […]