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Waterloo EDC Blog

Retail innovator announces $150 million raise and $1 billion valuation

Posted by Waterloo EDC on November 12, 2019

Faire, a scale-up that operates an online marketplace for independent local retailers and makers, has announced $150 million in new funding through a Series D raise. In total, the company has raised $266 million and now has a valuation of $1 billion, fulfilling a prediction that Forbes made just a few months ago.

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Topics: technology, startup, artificial intelligence

Canada's first Amazon Alexa accelerator program launches in Waterloo

Posted by Waterloo EDC on November 6, 2019

Last week, the Waterloo-based Accelerator Centre (AC) announced that they have joined forces with Amazon’s Alexa Fund to launch an all-new accelerator program tailored to support entrepreneurs who are advancing voice-powered technologies.

The first of its kind in Canada, the Amazon Alexa Voice Tech Accelerator is built on the Accelerator Centre’s distinguished curriculum-based programming.

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Topics: technology, startup, artificial intelligence, R&D

Canada’s first industry-led medtech hub opens in Waterloo

Posted by Waterloo EDC on June 27, 2019

Last week, Waterloo welcomed a new addition to its innovation ecosystem: the Medical Innovation Xchange (MIX). Canada’s first industry-led hub dedicated to medtech startups, the MIX mission is to provide a collaborative space for medtech companies that supports business growth and adds to the overall success of Waterloo’s world-renowned tech ecosystem.

As founder of Intellijoint, a...

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Topics: technology, startup

Q&A: Why Vidyard keeps its roots in Waterloo while expanding globally

Posted by Waterloo EDC on June 18, 2019

Vidyard, creator of an innovative online video platform for business, is one of Waterloo’s most exciting scale-ups. It was one of Deloitte’s 2018 Fast 50 and Technology Fast 500 Fastest Growing Companies, and when the Impact Centre at the University of Toronto studied which Canadian businesses had the best chance of becoming a “unicorn,” Vidyard made that list too.

Founded in 2010 as a video...

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Topics: technology, startup, talent, artificial intelligence, Q&A

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