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Waterloo EDC Blog

Waterloo companies claim top three spots on Deloitte’s Technology Fast 50

Posted by Waterloo EDC on November 14, 2019

The Waterloo community can claim the three fastest-growing tech companies in Canada, according to a new ranking from Deloitte.

ApplyBoard, Intellijoint Surgical and Auvik Networks top the Deloitte Technology Fast 50 list, which ranks companies by revenue-growth percentage over their last four years of operation. Each company had a revenue growth of more than 7,900% over that period, with...

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Topics: technology, startup, artificial intelligence

Retail innovator announces $150 million raise and $1 billion valuation

Posted by Waterloo EDC on November 12, 2019

Faire, a scale-up that operates an online marketplace for independent local retailers and makers, has announced $150 million in new funding through a Series D raise. In total, the company has raised $266 million and now has a valuation of $1 billion, fulfilling a prediction that Forbes made just a few months ago.

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Topics: technology, startup, artificial intelligence

Canada's first Amazon Alexa accelerator program launches in Waterloo

Posted by Waterloo EDC on November 6, 2019

Last week, the Waterloo-based Accelerator Centre (AC) announced that they have joined forces with Amazon’s Alexa Fund to launch an all-new accelerator program tailored to support entrepreneurs who are advancing voice-powered technologies.

The first of its kind in Canada, the Amazon Alexa Voice Tech Accelerator is built on the Accelerator Centre’s distinguished curriculum-based programming.

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Topics: technology, startup, artificial intelligence, R&D

Three reasons California-based Carta came to Waterloo

Posted by Waterloo EDC on October 24, 2019

On October 15, California-based fintech company Carta announced an expansion in Waterloo. Founded in 2012, Carta’s cap table software supports over 800,000 security holders at more than 12,000 companies. This software helps these companies manage more than $575 billion in equity.

The company arrived in Waterloo through the acquisition of 51 employees from Kik, the messenger app company that...

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Topics: technology, artificial intelligence

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