Despite small decline in deals, Waterloo Region remained a healthy startup ecosystem in 2020
Waterloo Region startups raised $689.6 million for all of 2020 up 107 percent over 2019, according to Hockeystick’s latest ecosystem report for the region.
The overall funding was driven by three notable deals in the region, including Faire, which raised $222 million, Miovision, which raised $120 million, and ApplyBoard, which raised a $100 million Series C in May 2020 and a $70 million extension following investor interest five months later. ApplyBoard and Faire also represented two sectors that saw a boom as COVID-19 forced businesses to embrace online services: retail and EdTech.
Wholesale marketplace Faire, which is headquartered in Silicon Valley with an office in Kitchener, managed to push the marketplace vertical to the top of funded areas, followed by SaaS, healthtech, analytics, and AI. Even with Faire’s $222 million round removed from the quarter’s tota
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TORONTO Rogers wireless services were starting to return to normal Monday evening, the company said in a tweet, after a countrywide cellular service outage left many Rogers and Fido wireless customers unable to make calls, send text messages or use mobile data. The company has also identified the root cause of the intermittent outage and was still working to restore full service to its customers. A recent Ericsson software update affected a piece of equipment in the central part of the company’s wireless network, which led to intermittent congestion impacting many customers across Canada, Rogers Chief Technology Officer Jorge Fernandes said in a statement posted on the company’s website.
TORONTO Many Rogers and Fido wireless customers are being impacted by a countrywide cellular service outage and have been left unable to make calls, send text message or use mobile data. Some wireless customers are experiencing an intermittent service interruption for wireless voice and data services. Our team is working quickly to restore services as soon as possible, Rogers said from its @RogersHelps customer care Twitter account. We apologize for the inconvenience and will continue to provide regular updates.
DownDetector.ca, a website that tracks network outages, says it started to receive reports of outages just after midnight eastern time on Monday, before peaking at more than 12,000 reports by 8:30 a.m. The website show reports of outages in every province, though most reports have largely clustered around Southern Ontario, the Greater Montreal Area and Calgary.