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. […]
Sidetrade
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 […]
How Calgary is Fuelling a Future of Tech and Entrepreneurship
Alberta is home to one of Canada’s largest technology and startup hubs. The Calgary region in particular breeds top-notch startups who receive substantial funding from a supportive local ecosystem. For example, fintech fledging Fillip raised capital from Calgary neighbours Thin Air Labs and 51 Ventures before earning top prize at Digital Commerce Bank Calgary’s inaugural Calgary Fintech Awards. From there? “Growth,” […]
Sidetrade Selects Calgary for North American Headquarters, Citing AI Excellence
One year following the launch of its North America operations, Sidetrade says it has exceeded its own expectations: nearly 60% of new bookings for the company’s AI-powered service now from the North America market. Consequently the France-born Sidetrade is now accelerating its expansion into the region. Thus the company announced an investment of $24 million […]