Fredericton Software Startup Secures $100-Million Investment
FREDERICTON—Introhive, a Fredericton-based software startup, announced Wednesday that it has secured a $100-million (U.S.) investment, part of a Series C round led by PSG, a Boston-based company that backs middle-market software companies.
“It’s been a big year for Introhive,” said CEO Jody Glidden in an interview with Huddle. “We were on Deloitte’s 500 fastest-growing companies list for the second year in a row, we were recognized in Canada on the best places to work list.”Read more
Government of Canada invests in Hamilton-based clean automotive and aerospace hub
$10 million to establish McMaster University's iHub to support more than 230 SMEs to commercialize new technologies for next-generation automotive and aerospace sectors
HAMILTON, ON, June 14, 2021 /CNW/ - The integration of advanced technology across the automotive and aerospace sectors is transforming the way we travel and transport goods, while offering substantial environmental benefits by reducing emissions and moving us closer to a zero emissions future. Manufacturers integrating new technology are growing in number and SMEs will be required to quickly pivot their operations and seize new supply chain opportunities as the automotive and aerospace sectors embrace greater electrification.
This is why, today, the Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West–Ancaster–Dundas, announced a $10-million FedDev Ontario investment for McMaster University https://innovationfactory.ca/ to establish iHub, a university-based integrated automotive, aerospace and advanced manufacturing network. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario.Read more
How a Toronto tech boom is keeping the local economy going — despite the pandemic
Amidst the economic doom and gloom that the COVID pandemic has wreaked on Toronto, there’s been one consistent source of good news.
The Greater Toronto Area’s technology sector keeps on growing. The latest example? Delivery app DoorDash announced Wednesday that it would be starting a 50-person engineering team by the end of the year.
It’s the first non-U.S. engineering office for the company.Read more
It’s official: Canada will fund C$1.7 billion of Hamilton’s LRT project
The proposed Hamilton Light Rail Transit (LRT) project in Ontario will move forward with a 14-kilometer (8.7-mile) line planned between McMaster and Eastgate. The estimated C$3.4 billion (US$2.79 billion) project costs will be split between the government of Canada and the province of Ontario, which will each fund up to C$1.7 billion (US$1.4 billion).
It has been a bumpy ride for the proposed project that saw the province of Ontario commit C$1 billion to build light-rail in Hamilton only to see the province cancel the project in late 2019 citing rising costs – a move Hamilton elected officials called a betrayal.Read more
Taipei City sets 2050 as target date for net zero emissions
TAIPEI (Taiwan News) – Taipei City marked Earth Day Thursday (April 22) by setting 2050 as its target for net zero emissions.
The move symbolized the Taiwanese capital’s determination to shoulder its responsibility as a citizen of the global community and cut carbon emissions, Taipei City Mayor Ko Wen-je (柯文哲) said.
Taipei will take the United Nations Sustainable Development Goals (SDGs) for 2030 as its base to transform the city as it faces the threat of climate change. The use of recycled materials, electric vehicles, smart and zero-carbon buildings, and investment in innovative businesses will form part of the capital’s long-term emission reduction policies.Read more
Toronto-based tech firm Alphawave plans London IPO
(Reuters) – Toronto-based semiconductor group Alphawave said on Thursday it was planning to apply for a London listing of its shares, adding that the cornerstone agreement with certain investors gave it a valuation of up to $4.5 billion.
The initial public offering would include issuing new shares, raising roughly $500 million, as well as an offer of existing stock to be sold by current shareholders, the company added.Read more
This tiny country keeps on creating tech unicorns. Here's how it does it
While many of us have been forced to work from home during the past year, few are likely to say they raised tens of millions for their startup from their bedroom, like Estonian entrepreneur Kaarel Kotkas.
Kotkas is founder and CEO of identity verification startup Veriff, which recently announced that it raised €58 million in a new Series B round led by venture capital firms IVP and Accel, on top of the €14 million it raised last year.
"Before the pandemic hit, I was in the UK and US for six months. Now for the past year, I have just been in Estonia and pretty much raised Series B from my bedroom/office in Tallinn," he says.Read more
Smart City Summit & Expo in Taoyuan demonstrates the future of events
The eighth Smart City Summit & Expo (SCSE) successfully concluded on March 26 at Taipei Nangang Exhibition Center Hall 2.
Despite the strict entry control on the number of attendees, the four-day event drew over 80,000 visitors. The organiser, Taipei Computer Association (TCA), also invited delegations from more than 50 industrial and business associations to the event. Many local governmental agencies sent delegations to join the hustle and bustle of the marketplace. During this time when many international fairs are called off, SCSE brings a silver lining to the economy devastated by the pandemic. In addition, the livestreaming forum sessions have taken down cross-border walls to reach international professionals and city leaders. This kind of physical-virtual hybrid form appears to be a ‘new normal’ for the future of conferences.Read more
DRAM company Nanya Technology plans $10bn chip fab in New Taipei, Taiwan
Taiwanese memory chipmaker Nanya Technology plans to spend $10.69 billion on a DRAM facility in New Taipei, Taiwan.
The company trails Samsung, SK Hynix, and Micron in dynamic random access memory sales, but is benefiting from a rapidly growing overall market.Read more
Construction begins on Amazon's new Melbourne offices
Amazon marked the start of construction work on a new $1.5 billion office precinct in Melbourne that it will take space in, with a ceremony attended by Victoria’s leaders.
The ceremony took place on Wednesday to mark the foundations being poured for the precinct’s first stage, and was attended by Melbourne’s Lord Mayor Sally Capp and Victorian Treasurer Tim Pallas.Read more