Waterloo EDC Blog

February brought a storm of tech funding and cybersecurity success to Waterloo.

This month, a flurry of funding raises for companies like eSentire, DOZR and RideCo descended on our community, while exciting announcements regarding research and rapid growth in Waterloo made headlines.

Here are the top stories from February 2022:

When it comes to business expansion, being in the right place at the right time is no coincidence. It takes extensive market research, comprehensive analysis and data deep dives to find the best community for your company and employees. This data, combined with your growth plans, is the basis of a location strategy.

Although the global pandemic has given rise to remote work, location strategy...

Waterloo has a new unicorn in town.

eSentire, the cybersecurity innovator, has announced a new $325 million financing deal that will give the company a $1.1 billion valuation.

The new funding comes as eSentire has surpassed $100 million in annual recurring revenue. The company’s platform is used by 1,200 organizations in more than 75 countries and they are a recognized leader in the managed...

Waterloo is a special place for tech. It has unique tech credentials that places it among North America’s most dynamic tech hubs. It’s home to some of Canada’s fastest-growing tech businesses, a globally renowned top tech university and multinationals like Google and SAP, as well as exciting scale-ups like Faire, ApplyBoard and Arctic Wolf.

Yes, we are proud of our hometown.

That said, the ace...