Nanoprecise Sci Corp has secured a Series C round of financing, the Canadian cleantech revealed this week. The Edmonton-based cleantech innovator announced a $38 million round. The sizeable Series C was co-led by Yaletown Partners and BDC’s Industrial Innovation Venture Fund, according to a statement from the firm, in addition to participation from Export Development […]
Nanoprecise
Edmonton, Calgary Firms Highlighted Among ‘Strong Lineup of Companies’ at CIX Startup Awards
This year’s recipients of the CIX Startup Awards, a showcase of Canada’s rising stars selected by North American investors, have been revealed. The CIX Selection Committee, comprising over 100 investors and experts, evaluated submissions based on six criteria: Business Model, Quality of Product and Service Offering, Innovation, Market Opportunity, Depth of Management, and D.E.I. of […]
Slew of Calgary Tech Firms Rank Among Canada’s Fastest Growing Companies
Calgary’s Neo Financial claimed top spot in Report on Business magazine’s annual ranking of Canada’s Top Growing Companies for 2024 thanks to three-year revenue growth of 38,000%. It’s the sixth annual edition of the list, which spans all sectors across the whole country to find firms with one thing in common: a “penchant for sustained growth.” And […]
Nanoprecise Launches ‘Energy Dashboard’ Tech to Enhance Remote Monitoring Toolkit
Remote condition monitoring is an emerging approach that allows operators to observe the health of equipment from any location. The process involves using sensors and other devices to collect data about equipment performance, which is then analyzed to identify potential issues before they can result in a breakdown. This technology is increasingly being used across […]
Calgary Tech Companies Earn Awards at Global Energy Show Canada
Global Energy Show Canada’s awards were announced at its annual event and a number of Alberta-based companies were recognized for outstanding achievements. The annual event focuses on technology, innovation, and sustainability in the energy industry. It took place at Calgary’s newly expanded BMO Centre in Stampede Park from June 11 to 13. The awards shine […]
Five Alberta Startups Growing with Capital in 2023
According to Osler’s 2023 Deal Points Report, “Ontario and British Columbia have the highest concentration of companies raising a financing round.” But that is not to dismiss Alberta. The spirited province accounts for 11% of the share, the report shows, which is marked growth over the previous figure of 9%. Indeed, Osler’s Calgary office reported on […]
Alberta Tech Industry Embraces Downturn, Prepares for Rebound
With 20 million users accessing their platform, Benevity is the largest corporate purpose software provider in the world. But last week, Benevity announced it is laying off 137 staff members. This represents 14% of the Calgary-based technology unicorn’s workforce. In a statement posted to Benevity’s website, CEO Kelly Schmitt called it one of the toughest days in the company’s history. […]
Alphabet Layoffs Impact Alberta’s AI Cluster, But Ecosystem Remains Resilient
Alphabet’s recent announcement that it will cut a whopping 12,000 staff sent shockwaves throughout the industry. The move will impact many regions and organizations, including dealing a blow to Alberta’s burgeoning artificial intelligence scene. That is because Google owns DeepMind, the company’s AI research arm, which runs an office in Alberta. As a result of […]
Edmonton’s Nanoprecise Raises $10 Million For AI In Manufacturing Plants
Edmonton’s Nanoprecise Sci Corp has raised a USD $10 million series B financing round led by Export Development Canada (EDC) with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions. Nanoprecise is an automated AI-based predictive maintenance solution provider that specializes in the implementation of Artificial Intelligence and IIoT technology for predictive asset maintenance and […]