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Waterloo EDC Blog

Four Waterloo companies on list of potential tech “unicorns”

Posted by Waterloo EDC on February 12, 2020

The annual Narwhal List of top companies based on global growth prospects identified four Waterloo companies as potential unicorns.

The term “narwhal” (a Canadian version of “unicorn”) is used to describe a private company valued at more than $1 billion that has the potential to go public. The Narwhal List identifies companies with the highest potential of unicorn success using a metric they...

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Topics: security, technology, artificial intelligence

Google announces big expansion of its Canadian operations

Posted by Waterloo EDC on February 6, 2020

Google has announced plans for significant new expansions in Waterloo, Toronto and Montréal.

At an event in Toronto, the company announced it is constructing new offices in each city, with the aim of accommodating up to 5,000 employees by 2022. Google currently employs 1,500 engineers, sales leaders and AI researchers in Canada, which means it will more than triple in size over the next two...

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Topics: technology, business, artificial intelligence, site selection

Waterloo-based Northern Digital makes measurements the world can trust

Posted by Waterloo EDC on January 20, 2020

For over three decades, Northern Digital Inc. (NDI) has built a reputation as a leading innovator and manufacturer of advanced 3D measurement technology systems.

With more than 45,000 installations worldwide, NDI’s optical measurement and electromagnetic tracking solutions are trusted by the world’s top OEMs and institutes for the most complex—and groundbreaking—tracking applications in...

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Topics: technology, talent, artificial intelligence

DarwinAI is bringing artificial intelligence to new industries

Posted by Waterloo EDC on December 10, 2019

Alexander Wong, co-founder of DarwinAI, wants to “democratize” artificial intelligence, so that many more companies and businesses can take advantage of it.

The company is a spinoff from research at the University of Waterloo, where Wong is an Associate Professor in Systems Design Engineering and a Canada Research Chair working in the field of artificial intelligence (AI). He and his...

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Topics: technology, talent, artificial intelligence

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