Silicon Valley startup Teknol is expanding its presence to Canada with a new office in Calgary. The expansion will bring $12.5 million and 125 new jobs to Alberta over three years.
Invest Alberta joined the firm to announce that it will be relocating its entire engineering and support teams to Calgary, a move that underscores the city’s growing reputation as a North American tech hub.
Teknol’s decision to expand to Calgary comes with a focus on the early learning sector, as part of the organization’s wider goal to revolutionize education through technology. Their popular software platform, PREto3.com, is dedicated to simplifying management processes in early childhood education.
Teknol also boasts a strategic partnership with WePay, a JP Morgan Chase company, which empowers the startup to streamline payment processes and expand its client base. This partnership serves as an indicator of Teknol’s desire to innovate within Calgary’s growing fintech cluster.
With their move to Alberta, Teknol aims to hire a diverse workforce, nurture the local talent available, and build a robust ecosystem that emphasizes innovation and tech-based solutions.
“With our expansion into Calgary, we are better positioned to continue innovating and growing in a dynamic tech industry. The partnership between WePay and PREto3.com is a perfect illustration of this vision. We’re not just building software; we’re building the future of education,” shared Rahul Beri, Teknol CEO.