Communitech names six new Canadian tech companies on track to reach $1 billion in revenue by 2030
The startups include GoBolt, Humi, Smile Digital Health, SWTCH, ZayZoon, Connect Tech.
Kitchener-Waterloo
Ontario invests $14.9 million into Waterloo Region’s Quantum Valley Ideas Lab
The funding is aimed to build a “world-class quantum sensing ecosystem” in the province.
Miovision acquires one of its customers, traffic data collection firm CJ Hensch
CEO hopes deal will give Miovision a deeper understanding of its target market.
After 10 years leading Tulip, Ali Asaria steps down as CEO
Tulip COO and president Ian Rawlins to replace Asaria.
Kitchener-Waterloo tech leaders launch new community-building platform Waterloo Inc.
Intellijoint CEO: “We want to put the focus back on Waterloo Region.”
Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
Cavelo secures $5-million Inovia-led seed round to help financial services firms protect their data
With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion.
Faire cuts 250 employees in its second layoff round in last year
Last year, Faire slashed seven percent of its workforce as the e-commerce boom dimmed.
Traffic management startup Miovision closes $36 million CAD, bringing latest round to $296 million
Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth.
FluidAI Medical announces $15-million Series A for AI-driven postoperative monitor
Series A round comes almost exactly one year after rebranding from NERv Technology.
Rockwell Automation completes acquisition of Clearpath Robotics and its OTTO Motors division
Reportedly topping $600 million USD, the deal will keep the autonomous robotics startup in the Waterloo Region.
Rockwell Automation signs agreement to acquire Waterloo-based Clearpath Robotics
Clearpath’s mission statement is to automate “the world’s dullest, dirtiest, and deadliest jobs.”
Bank of Canada taps EvolutionQ to explore impact of quantum computing on digital dollar
“The price of being late is far too great,” EvolutionQ CEO Michele Mosca says.
OpenText acquires solutions partner KineMatik
KineMatik offers automation tools for business processes via OpenText marketplace.
Magnet Forensics acquires digital-media startup Griffeye to help investigate child abuse online
Griffeye claims its platform is used by over 1,000 police agencies globally.