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Waterloo EDC Blog

OTTO Motors secures US$29 million in new funding

Posted by Waterloo EDC on June 9, 2020

Manufacturing is evolving during this pandemic and OTTO Motors is leading the charge.

OTTO Motors, the developers of autonomous mobile robots (AMR) designed for industry use, have announced US$29 million in Series C funding.

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Topics: technology, manufacturing, artificial intelligence

30 day timeline: How governments in Canada reacted to COVID-19

Posted by Waterloo EDC on June 3, 2020

For many, COVID-19 has felt like an eternity. We haven’t seen our friends and family or our colleagues. We haven’t been able to go to the office or a park. Every day feels a bit like every other day.

For government, COVID-19 was a sprint. Aside from public health issues, the pandemic brought mass unemployment, shuttered storefronts and uncertainty for businesses and workers alike. Reacting to...

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Topics: manufacturing, financial services, business, site selection

May Wrap-Up: Reasons for optimism

Posted by Waterloo EDC on June 1, 2020

After two months of uncertainty, we’re beginning to see the light at the end of the tunnel.

This month, Waterloo gained a unicorn, kicked off some exciting new research and business partnerships, began to embrace remote work and more. We’re still fighting the good fight against the pandemic, too.

Here’s how companies are thriving in May 2020:

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

April Wrap-Up: The tide is starting to turn

Posted by Waterloo EDC on May 4, 2020

If March was a scramble to react to an unprecedented crisis, then April was when we started to take the fight to COVID-19.

This month saw the largest peacetime mobilization of industrial capacity in Canada’s history, including a few huge pivots that make Waterloo a focal point in the manufacture of medical supplies. We also saw governments – federal and provincial – launch unprecedented...

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Topics: technology, manufacturing, talent, business, R&D

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