OCE-Supported Companies In The News

  • September 8, 2020 – OCE stands with innovators wishing John Ruffolo a speedy recovery

    It is with shock and deepest sympathies that we learn of John Ruffolo’s tragic accident.

    John has been a tireless champion and leader of the Canadian tech community, bringing local and international attention to Canadian innovation. As co-Chair of the Council of Canadian Innovators (CCI), a founding partner of OneEleven, and having previously served on OCE’s Board of Directors, John’s contributions to the vibrance and prosperity of Canada’s innovation ecosystem are unmatched.

    Both personally and professionally, John has been a tremendous friend of OCE and, on behalf of Ontario’s tech ecosystem, we wish him all the best for a speedy recovery.

    For those who know John, he has a reputation for approaching every challenge with determination, grit and excellence – and this recovery will be no different. Our thoughts are with John and his family during this difficult time."

    Claudia Krywiak
    President & CEO

  • May 7, 2020 – ColdBlockCOLDBLOCK TECHNOLOGIES Raises $1.5 Million To Develop Generation 3 System With Automation & Expand International Distribution
    Canadian startup, ColdBlock Technologies Inc. (ColdBlock), inventor of the innovative sample digestion technology that delivers a new performance standard for laboratories serving the environmental, metals and alloys, mining, food and agriculture, and pharmaceuticals industries, today announced it has completed a $1.5 million Series A round of financing. ColdBlock’s financing results from investments by the Province of Ontario through OCE, istarthub, and the Angel Investors Ontario.
  • March 22, 2019 – TechcrunchHelping children overcome their mobility challenges, Trexo Robotics gets a Y Combinator boost

    Manmeet Maggu and Rahul Udasi didn’t know it when they met at the University of Waterloo  eleven years ago, but the bond that the two forged in late night study sessions as roommates in the UW Place dorm has helped power their work building an exoskeleton that allows children with disabilities to walk.

    The fruit of that labor is Trexo Robotics, which will graduate as part of the latest batch of Y Combinator’s winter 2019 cohort.

  • March 4, 2019 – eSentireeSentire Raises $47 Million to Provide AI-Powered Managed Detection and Response
    eSentire, Inc., the global leader in Managed Detection and Response (MDR), today announced it has raised an additional USD $47 million in funding led by majority investor Warburg Pincus and minority investors Georgian Partners and Edison Partners.
  • February 28, 2019 – MedstackMedStack Raises $2.4M Oversubscribed Seed Round To Drive The App Ecosystem For Healthcare
    MedStack, a privacy and security compliance solution for healthcare apps, has raised a $2.4 million oversubscribed seed round led by TELUS Ventures, with participation from ScaleUP Ventures and Panache Ventures. Existing investor Ontario Centres of Excellence and several existing angel investors have also participated in this round.
  • February 28, 2019 – BetaKitDozr receives $14 million CAD investment in series A
    Kitchener-based Dozr has closed a $14 million CAD Series A equity funding round.
  • February 14, 2019 – Federal Economic Development Agency for Southern OntarioFedDev Ontario supports cutting-edge technologies to benefit cardiovascular patients worldwide
    FedDev Ontario announces a contribution of over $3.9 million for Conavi Medical Inc. to support the expansion and reconfiguration of its production facility in Toronto.
  • February 14, 2019 – BetaKit11 Canadian tech companies to watch in 2019
    Xanadu, Mindbridge AI and Klipfolio are listed among BetaKit's Canadian tech companies to watch in 2019.
  • February 11, 2019 – DevpostWinners of Amazon Sumerian AR/VR Challenge Announced
    Ontario-based InStage wins the Best Education, Training and Simulation category of the Amazon Sumerian AR/VR Challenge.
  • February 8, 2019 – CTV News LondonBig investment in mental health support software
    Almost $1 million has been committed to research new mobile software to support youth with mental health challenges.
  • February 8, 2019 – The London Free PressParkwood pilots mobile app for youth mental health patients
    In a city where young people looking for mental health care have been stranded in hallways waiting for beds and where programs to help youth in particular are in short supply, Parkwood Institute is testing out a new mobile app researchers hope will improve access to service.
  • February 6, 2019 – BetaKitInsurtech AI startup ProNavigator closes $2 million seed round
    Waterloo-based creator of virtual assistants for insurance, ProNavigator, recently closed its latest seed round of equity financing, announcing more than $2 million in total funding. 
  • February 5, 2019 – Waterloo Region RecordEDC invests $1 million in Waterloo’s P & P Optica
    Export Development Canada has invested $1 million in a Waterloo company that uses imaging and machine learning to assess the composition and quality of food.
  • February 4, 2019 – NFL announces winners of 1st and Future presented by Arrow Electronics
    The NFL and Arrow Electronics announced the winners of 1st and Future, the NFL's annual Super Bowl competition designed to spur innovation in player health, safety and performance.
  • February 1, 2019 – BetaKitFedDev invests $615,000 in Canadian start-up assisting first responders
    Ottawa-based startup Advance Property eXposure Canada Inc. (APX) is receiving $615,000 in funding from FedDev Ontario, one of the federal government’s regional development agencies to help it commercialize its technology focused on helping first responders.
  • January 29, 2019 – BetaKitWaterloo's Aeryon Labs acquired by Flir Systems for $265 million CAD
    Aeryon Labs Inc., a developer of unmanned aerial systems (UAS) has been bought by FLIR Systems Inc. for $265 million CAD. FLIR Systems specializes in developing sensor systems with thermal imaging for security and surveillance.
  • January 29, 2019 – BetaKitFiix closes $53 million CAD series C from Georgian to build Salesforce for predictive maintenance
    Toronto-based Fiix announced today the close of a $53 million ($40 million USD) Series C round, led by Georgian Partners, with participation from follow-on investor BuildGroup. As part of the funding, Georgian Partners Managing Partner Simon Chong will join Fiix’s board of directors.
  • January 28, 2019 – BetaKitLightspeed acquired ReUp, rebrands it to Lightspeed Loyalty
    Cloud-based point of sale system Lightspeed has announced Lightspeed Loyalty, its new platform for customer engagement. The technology comes via the company’s acquisition of Toronto-based ReUp, a digital platform that allows business owners to build a branded loyalty program.
  • January 23, 2019 – The Canadian Business JournalNovel augmented reality surgery technology comes to Hamilton operating room
    Mariner Endosurgery, an innovative Canadian medical device company leading commercialization of computer-assisted surgical tools, is pleased to announce that Hamilton General Hospital is the first hospital in the world to acquire Mariner’s LaparoGuard technology.  
  • January 23, 2019 – BetaKitLuminari raises $845,000 in seed round for CPA career management platform
    Toronto-based Luminari, a career management platform for Canadian chartered professional accountants (CPAs), announced it has raised $845,000 from strategic angel investors in a second seed round.