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Waterloo EDC Blog

Cybersecurity leader Arctic Wolf reaches $4.3 billion valuation

Posted by Waterloo EDC on July 13, 2021

For the third time in the last month, a Waterloo-based unicorn tech company has announced a massive raise and valuation. Arctic Wolf, the cybersecurity innovator, has announced a $150 million Series F round that has raised its valuation to $4.3 billion.

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Topics: technology, talent, artificial intelligence

Risk: Stability and Freedom

Posted by Waterloo EDC on July 8, 2021

This article is part of our "Understand the Risk" series, which looks at business risk with comparative data. Articles in this series cover natural hazards, infrastructure, economic competitiveness, stability and freedom, talent and workforce and health.

Canada is a country where stability is a key part of our brand promise.

Sometimes that stability can come across as boring, but when...

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Topics: tech, technology, manufacturing, talent, business, artificial intelligence, R&D

WLU ScaleUp companies top $1 billion in funding

Posted by Waterloo EDC on July 6, 2021

Wilfrid Laurier University has announced that Lazaridis ScaleUp program companies have surpassed $1 billion in new capital raised. This news comes just one year after Velocity, the Waterloo-based incubator, also announced that its graduate companies had raised more than $1 billion in investment.

The Lazaridis ScaleUp program seeks to help high-potential Canadian companies transition from...

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Topics: technology, talent, artificial intelligence

June Wrap-up: Tech heats up

Posted by Waterloo EDC on July 2, 2021

With the warm weather kicking in, Waterloo tech news got even hotter this month. Big names like MasterClass and Verily have announced expansions into the region while local tech scale-ups Faire, ApplyBoard, SkyWatch and Tulip raised a combined $683M. There’s a lot to cover, but we’re here to fill you in.

Here are the top stories from June 2021:

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Topics: tech, technology, manufacturing, talent, business, artificial intelligence, R&D

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