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Waterloo EDC Blog

Quantum Benchmark is at the leading edge of the quantum revolution

Posted by Waterloo EDC on June 11, 2019
Mike & Ophelia Lazaridis Quantum-Nano Centre at the University of Waterloo (Credit: Institute for Quantum Computing)

Quantum Benchmark, a Waterloo startup launched in 2017, is getting ready to power the age of discovery about to be unleashed by quantum computers.

The company now employs 14 people and is part of Waterloo’s vibrant and growing cluster of quantum computing companies.

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Topics: quantum, technology, startup

News round-up: Nine great Waterloo business and investment stories from April 2019

Posted by Waterloo EDC on May 1, 2019

There was a lot of exciting news in Waterloo over the last month, including multiple major government funding announcements, significant news about Toyota’s manufacturing plans and reporting on a US tech exodus to Canada.

Here are nine great business and investment stories:

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Topics: quantum, technology, manufacturing, automotive, artificial intelligence

Quantum businesses in Waterloo get a $41 million boost

Posted by Waterloo EDC on April 25, 2019

Last week, the Canadian federal government announced funding for four Waterloo-based quantum technology businesses and organizations totaling $41 million. Delivered through the Strategic Innovation Fund, this money further strengthens Canada’s position in the world of quantum computing and machine learning and further affirms Waterloo’s nickname “Quantum Valley.”

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Topics: quantum, security, technology, talent, artificial intelligence

BlackBerry is now one of the world's leading cybersecurity firms

Posted by Waterloo EDC on February 26, 2019

Last week, Waterloo-based BlackBerry announced that it has acquired Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion. This acquisition makes BlackBerry – once known primarily for building the world’s most secure smartphones – one of the world’s largest cybersecurity firms.

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Topics: quantum, security, technology, automotive, artificial intelligence

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