A global cybersecurity firm driving the convergence of networking and security announced this week plans today to invest $30 million into Alberta’s technology sector. Silicon Valley headquartered Fortinet, whose cybersecurity portfolio comprises over 50 enterprise-grade products, serves more than half a million customers. With support from Invest Alberta and Calgary Economic Development, as well as […]
Governments Unveil $112M Investment to Boost Internet Connectivity in Rural Alberta
Today, 93% of Canadian households have access to high-speed Internet, compared to 79% in 2014. It’s significant progress, but we’re not done yet. The federal and provincial governments agree that all Canadians deserve reliable and affordable high-speed Internet and mobile connectivity, regardless of where they live. “Connectivity is an essential tool to access education and […]
Growing Logistics Innovator Ziing Continues Expansion with Latest Strategic Acquisition
A last-mile delivery solutions startup applying tech-forward innovation to the logistics industry today announced its second acquisition in six months. Calgary-based delivery solutions firm Ziing revealed this week the acquisition of Metroland Parcel Services—a transaction the Alberta company described as “part of a strategic initiative to expand its final mile network coverage and enhance its […]
PayShepherd Raises $7 Million to ‘Deepen’ Fintech Targeting Heavy Industry with AI
A Calgary-based innovator of financial services for heavy industry today announced an oversubscribed “seed+” round of funding. PayShepherd wants to become the “system of record” for financial transactions between industrial facilities and contractors. Working as a billing management and contract assurance platform, the company’s solution sits between facilities and the contracted workforce to identify billing […]
Bloom Finance Launches Payments Card Targeting Retired Homeowners in Alberta
A Canadian financial technology firm today introduced a payment card targeting Canadian homeowners aged 55 and older. Toronto’s Bloom Finance says that its new Bloom Home Equity Prepaid Mastercard addresses a “pressing need for innovation within the financial landscape for . . . the unique requirements of Canadian retirees who own their homes.” The card […]
Health-Tech Startup BioMimir Graduates from Calgary’s Life Sciences Fellowship
Last year, a medical device company developing biomaterials-based solutions for complex wounds graduated from the 2023 Biomedical Engineering stream of the Creative Destruction Lab program at University of British Columbia’s Sauder School of Business. The Quebec-born BioMimir uses synthetic biomimetics to design biomaterials that are self-adhesive, anti-inflammatory, and anti-fibrotic, with products targeting complex wounds like ulcers, […]
Freshly Funded RetinaLogik Looks to Prevent Vision Loss with VR Tech Solution
Over two billion people live with vision impairment, data from the World Health Organization shows, with at least half of these cases being preventable or treatable. Targeting this sizeable global market, Alberta’s RetinaLogik this month announced a successful round of pre-seed funding. The Calgary-based eye care innovator raised $783,000 from HaloHealth, Spring Impact Capital, UCeed, […]
Big Rounds Bookend ‘Another Strong Year’ of Venture Capital Investment in Alberta
In 2023, venture capital in Canada witnessed a cumulative investment of $6.9 billion across 660 deals, with the fourth quarter attracting $1.4B over 142 deals, a year-end report from the Canadian Venture Capital Association shows. These data demonstrate “a return to pre-pandemic momentum despite a year-over-year slowdown caused largely by rising interest rates and economic uncertainties,” according to CVCA. Leveraging data from […]
Startup TNT Ranks Among Most Active Early-Stage Investors in Canada
Earlier this year, we reported on a nonprofit organization based out of Edmonton is working to raise capital for startups in Alberta. Founded in 2019 to empower entrepreneurs across Western Canada, Startup TNT hosts Investment Summit that aim to help raise capital for startups and make it easier for local investors, both seasoned and new, […]
Calgary Sport-Tech Startup Heads South of the Border to Join ‘Immersive’ Accelerator
This week, 10 companies were accepted into the fourth class of the Comcast NBCUniversal SportsTech Accelerator powered by Boomtown. The immersive six-month program, slated to kick off in March, selected the lucky few startups among more than 1,500 applicants across over 50 nations. Notably, four are Canadian, rendering Canada the most represented country this year. […]