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Waterloo EDC Blog

5 Charts: Waterloo vs. Phoenix

Posted by Waterloo EDC on October 29, 2020
This is part of a Waterloo EDC series called “5 Charts: Waterloo Versus” that compares our community with some of American’s top tech hubs, including Austin, Texas ; Pittsburgh, Pennsylvania ; Columbus, Ohio ; Salt Lake City, Utah and Detroit, Michigan. You can find a full summary here .

We often compare Waterloo’s exceptional tech credentials to other major cities in Canada like...

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Topics: technology, talent, business, artificial intelligence, site selection

Waterloo-based unicorn Faire doubles valuation to $2.5 billion

Posted by Waterloo EDC on October 28, 2020

Less than 12 months after becoming a unicorn, retail innovator Faire has doubled its valuation to $2.5 billion with a $170 million Series E funding round. The company plans to use its new capital to expand internationally, entering the United Kingdom in 2021 and other European countries soon afterward. The company is also shifting to expand its customer base to include larger retailers with...

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Topics: technology, talent, artificial intelligence

Arctic Wolf raises $200M to become Waterloo’s latest unicorn

Posted by Waterloo EDC on October 27, 2020

Arctic Wolf, a tech innovator that provides security operations as a concierge service, has announced $200 million in Series E funding at a $1.3 billion valuation. The new funding enables Arctic Wolf to accelerate the introduction of new security operations offerings, expand into new markets and further cements its leadership position in security operation and managed detection and response...

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Topics: technology, talent, artificial intelligence

Mid-sized tech hubs aren’t all created equal

Posted by Waterloo EDC on October 22, 2020

In a recent article for the Harvard Business Review, famed business expert Richard Florida highlighted the important role talent-focused satellite offices – in mid-sized communities – now have for corporate location strategy.

Mid-sized communities aren’t going to replace big cities as the site of corporate HQs, but they do have unique competitive advantages. They can provide unique access to...

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Topics: technology, talent, artificial intelligence

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