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Waterloo EDC Blog

May Wrap-Up: Creative talent on the rise

Posted by Waterloo EDC on June 1, 2022

Kicking the summer off right, this month we saw new tech funding rounds, growing partnerships with our higher education institutions and more.

Here are the top stories from May 2022:

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Topics: tech, technology, manufacturing, talent, business, R&D

Waterloo: Where the Future of Aerospace Takes Flight

Posted by Waterloo EDC on May 26, 2022

Waterloo’s strong aerospace ecosystem is built on our top talent, exceptional research capacity and a legacy of manufacturing and tech innovation. Our community is home to a full-service airport and is strategically located next to one of Canada’s largest aerospace clusters. With 85+ companies working in materials testing and development, component and aircraft manufacturing and software and...

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Topics: tech, artificial intelligence

Waterloo: Canada’s AI Powerhouse

Posted by Waterloo EDC on May 19, 2022

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.

Here is...

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Topics: tech, artificial intelligence

“Most Innovative Retail Company” Faire raises another $416M

Posted by Waterloo EDC on May 12, 2022

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...

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Topics: tech, talent, business

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