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...

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:

The University of Waterloo has collected another accolade.

The latest edition of the Quacquarelli Symonds (QS) global university rankings has recognized the University of Waterloo – once again – as one of the world’s top science, technology, engineering and mathematics universities.

The university was ranked 25^th in the world for computer science. This ranking puts it ahead of well-known American...