Waterloo EDC Blog

As technology becomes more powerful, security becomes more central to businesses. Whether it is cloud-based business applications, bank transfers or over-the-air updates to cars, our lives are becoming more and more hackable.

Thankfully, Waterloo’s business community is developing security solutions that make the world a safer, more secure place.

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.”

There was a lot of exciting news in Waterloo over the last month, including investment and expansion announcements from numerous tech and robotics companies, an exciting new global product launch from Google Canada’s Waterloo office and more.

Here are 10 great business and investment stories:

Last week, Waterloo-based cybersecurity firm eSentire announced a new $47 million investment to supercharge research and development and a relocation within the community to accommodate its rapid expansion.