In a strategic move to enhance its seismic data solutions, Calgary-based Computer Modelling Group (CMG) has acquired Germany’s Sharp Reflections, a leader in seismic processing and interpretation. CMG’s wholly-owned subsidiary purchased all Sharp shares, integrating a seismic platform that has set new standards for cloud-based data handling. Sharp Reflections, known for its pioneering efforts in […]
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Ionic Solutions Uses Innovative Engineering in Effort to Help Tackle Global Water Crisis
Land-locked Alberta is not the first province one might think of when it comes to water technology innovation. British Columbia, with 26,000 kilometres of coastline, is a more obvious pick. But a handful of local firms are proving that water-tech innovators can thrive in Alberta. One such company is Ionic Solutions. Based out of Calgary, […]
Neo Secures $360M, Leading Calgary’s Fintech Surge
Calgary-born fintech Neo Financial has secured a $360 million Series D fundraising round consisting of $110 million of equity and $250 million of debt. The funding round includes investments from renowned Canadian founders and entrepreneurs including Tobi Lütke (Shopify), Stewart Butterfield (Slack), David Baszucki (Roblox), and Mike Wessinger (PointClickCare). Existing investors, including Valar Ventures, Golden Ventures, Afore […]
Calgary’s Flora Fertility Secures $1.5M to Launch North America’s First Private Fertility Insurance
Flora Fertility, a Calgary-based insurtech company, has successfully closed an oversubscribed pre-seed funding round, raising $1.5 million to support the launch of a private fertility insurance product across the U.S. and Canada. This initiative marks a significant step toward making fertility treatments more accessible and affordable for millions of individuals and families. The funding round […]
BossPac Deploys Sensor Tech to Help Industries Optimize Operations, Reduce Risk
As agriculture equipment ages, two problems emerge: a rising risk of failure and increasing incompatibility with modern technology. In mining, conveyance systems can be critical to operations, moving heavy loads in remote locations. When they fail, operations grind to a halt. Calgary’s BossPac Technologies is in the business of solving these types of problems. The […]
Who Are Calgary’s Most Investable Cleantech Companies?
According to the Climate Change Performance Index (CCPI), Canada has fallen four spots since 2023 and now ranks 62nd globally in key climate battlegrounds like greenhouse gas reduction, renewable energy advancement and adoption, and overall energy consumption reduction. It is increasingly clear that Canada is struggling to keep up with other G7 countries in tackling climate […]
Edmonton’s Wyvern Space Uses Advanced Tech to ‘Reveal the Hidden Reality of Earth’
An upstart operating out of Edmonton wants to “reveal the invisible truth of earth.” What does Wyvern Space mean by that? The Alberta firm is utilizing high-resolution hyperspectral imaging technology to uncover a range of what it calls “invisible problems” from space. The Canadian space data company taps satellites and hyperspectral tech to generate data […]
Neo Financial Leads Deloitte’s 2024 Technology Fast 50
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, Clean Technology and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 27th year. The Technology Fast 50 program recognizes the achievements of Canada’s leading technology companies—highlighting their commitment to innovation, strong leadership, […]
Alberta’s Aerospace Industry Soars with Over $4.3 Million in Federal Support
Alberta’s aerospace and aviation sector is gaining momentum as a key player in economic diversification, thanks to a fresh $4.3 million federal investment. With over 500 small- and medium-sized businesses in the field, Alberta’s aerospace industry supports thousands of jobs and is increasingly essential to the province’s economic landscape. The funding announcement, made today by […]
MedEssist Partners with Uber Direct to Revolutionize Pharmacy Deliveries Across North America
In a step toward enhancing healthcare accessibility Calgary-based pharmacy software platform MedEssist has announced a strategic partnership with Uber Direct, Uber’s delivery platform. This collaboration enables pharmacies across Canada and the United States to leverage Uber’s expansive delivery network for rapid, reliable, and cost-effective medication delivery, catering to patients’ needs without imposing monthly fees on […]