Waterloo EDC Blog

When large technology companies buy smaller ones, they often assimilate the technology and intellectual property, integrate the workforce and, eventually, leave the company’s original community.

But that’s not what happened when Geotab Inc. bought Waterloo-based FleetCarma last year. Geotab decided to not only keep the staff in Waterloo, but to invest and expand the Waterloo division, now...

Earlier this year, BlackBerry announced its acquisition of Cylance, an artificial intelligence and cybersecurity company, positioning themselves as one of the world’s largest cybersecurity firms. BlackBerry’s security business was back in the news last week as they announced the development of a new cybersecurity research and development lab based out of their Waterloo operations centre.

New technology from Waterloo-based DarwinAI has made a big impression at Audi, the German automotive giant.

Since announcing a partnership last year, the two companies have worked to apply artificial intelligence to the development of the electronic brain behind autonomous vehicles. Using DarwinAI’s technology, Audi engineers saw a 90 per cent reduction in the number of hours spent...

There was a lot of exciting news in Waterloo over the last month, including new investment announcements, exciting new autotech research and a Governor General’s Award for one of Waterloo’s local business leaders.

Here are nine great business and investment stories: