Waterloo EDC Blog

For companies looking to innovate in artificial intelligence or incorporate AI into their operations there is no better location than Waterloo. Our community is home to Canada’s top technology university, a renowned AI research centre and 130+ companies working in applied AI, including machine learning, data science and analytics, human-machine interaction, smart robotics and more.

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It was already valued at more than $12 billion. It was just named Fast Company’s Most Innovative Retail Company. Now, Faire has announced another massive raise worth $416 million.

Coming as an extension to their Series G round, a $400 million raise that closed last November, the new funding brings the company’s current valuation to $12.59 billion.

Faire operates an online wholesale marketplace...

With a legacy of manufacturing innovation and reputation as the most dynamic tech ecosystem in Canada, Waterloo has become a global leader in robotics and automation. We are strategically located in the heart of Canada’s biggest manufacturing corridor with access to 187+ million consumers within a one-day drive. Waterloo has the talent pipeline and expertise needed to help robotics and automation...

As spring keeps rolling along in Waterloo, our post-secondary institutions are getting global attention for their incredible programming and ability to produce work-ready talent.

That’s just the tip of the iceberg in April, though, which includes news about Canada’s impressive tech workforce growth and an exciting new 5G autotech challenge.

Here are the top stories from April 2022: