Congratulations to the North team
We are excited for the North team and the tremendous outcome they have had through their acquisition by Google. From the entire Velocity family, we wanted to say congratulations!
Company news
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Velocity alum ApplyBoard reinvents international university recruitment and secures $2 billion (CAD) valuation
ApplyBoard announced that it has secured $100 million in CAD in Series C funding. The company is now valued at $2 billion (CAD), marking the third time a Velocity-incubated startup has achieved the highly coveted “unicorn” status.
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Velocity alum Emagin acquired by Innovyze: headcount to double in 2020 to combat climate crisis
Emagin, a Velocity-incubated company, announced today that it has been acquired by Innovyze, a global leader in water infrastructure data analytics. Emagin’s platform will form the backbone of Innovyze’s AI offering, and Emagin’s team size will more than double in the Waterloo Region in…
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Embark Raises $40M to Expand its Fleet of Self-Driving Semi-Trucks to 100
Embark has huge ambitions to expand its fleet of autonomous semi-trucks from 5 to 100, and now, with a $40 million (CAD) Series B investment led by Sequoia Capital, that vision has wheels. Three years after the company was initially founded by Alex Rodrigues and Brandon Moak as Varden…
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ApplyBoard Raises $17 Million in Series A Funding to Streamline International Student Applications to North American Schools
Applying to post-secondary schools can be a hassle, but particularly so as an international student. Not only do students need to find the right school for their financial situation, academic background, and desired program, they also need to navigate the murky waters of applying…
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Velocity Entrepreneurs Shak Lakhani and Andre Bertram win Thiel Fellowships
How does a $100,000 grant sound, paired with a two year program aimed to help youth under the age of 22 develop their ingenious ideas? The Thiel Fellowship offers an elite few the opportunity to pursue a different path and work full-time on their idea. This gives…
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Canada’s First Free Roam Virtual Reality Experience Centre Opens in Downtown Kitchener
To many people, virtual reality (VR) seems as elusive as flying cars or 3D-printed food; but one startup has made VR more fun, realistic, and accessible than ever before, opening a new VR centre in Kitchener. Mirage VR has created the first full body, free roam multiplayer…
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Microsoft acquires AI startup Maluuba, advancing creation of literate machines
Velocity alum Maluuba revealed today they are being acquired by Microsoft. The company’s vision to create literate machines that can think, reason and communicate like humans will be now help Microsoft advance their strategy to democratize AI, and make it valuable and accessible to everyone. With offices in…
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May the $35M be with you, says Battery Ventures to Vidyard in Series C Funding
Velocity Garage alumni Vidyard, a video marketing platform which enables customers to derive insights into viewer-behavior for marketing automation systems and CRM tools, raised $35M in Series C funding. Founders Michael Litt and Devon Galloway started their journey at the University of Waterloo in 2005 and founded Vidyard in 2010. After working…
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Interview with Stephen Lake of Thalmic Labs- Thalmic hits $1.5M in pre-orders!
Where did the idea for Thalmic Labs come from in the first place? It came from myself and the two other co-founders, we spent some time working on wearable computing during our undergrad at the University of Waterloo and realized this was a super-exciting…