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.
Waterloo has a long-established reputation for innovation in security. Our researchers helped invent elliptic-curve cryptography, which helped keep the world secure for the last 15 years. Blackberry, a company known primarily for building the world’s most secure smartphones, was founded here. Today, Waterloo is home to more than 50 security companies committed to making the world a safer...