GrowthWorks invests in some of Canada’s most exciting tech companies.
Smart Skin Technologies
Schott leads $3.1 million funding of Smart Skin Technologies (November 1, 2018)
Smart Skin Technologies, a Fredericton-based developer of a pressure-sensitive skin technology, has raised $3.1 million in financing. The lead investor was Schott AG, a German maker of glass and glass-ceramics; here are the details.
General Fusion raises $49 million from the Strategic Innovation Fund (October 26, 2018)
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, together with the Honourable Harjit Singh Sajjan, Minister of National Defence, announced a $49.3 million investment in General Fusion, a clean technology company seeking to transform the world's energy supply with safe, sustainable and economical fusion energy; here are the details.
New Customers and Funding Fuel D-Wave's Growth (June 7, 2018)
D-Wave Systems, the leader in quantum computing systems and software, announced significant growth of its customer base in Japan, Europe and North America; here are the details.
BuildDirect Closes $55 Million In Funding Led by Mohr Davidow Ventures (March 26, 2018)
Vancouver-based BuildDirect, developers of the first technology platform for the home improvement industry, today announced that it has has raised $55 million in connection with the successful completion of its financial restructuring. "We are very bullish on the shift towards professional contractors," said Katherine Barr, General Partner, Mohr Davidow Ventures. "BuildDirect is pursuing a very large market opportunity and we believe that the company's assets, capabilities, and executive leadership uniquely position the Company to be extremely successful moving forward." Here is the full press release.
Minister Catherine McKenna meets with General Fusion at Globe 2018 (March 20, 2018)
Held in Vancouver every two years, GLOBE Forum draws world leaders, cleantech investors and sustainability entrepreneurs from around the world. Canadian Minister for the Environment and Climate Change, the Honorable Catherine McKenna, met with members of the General Fusion team and learned more about the company’s progress, in particular plans for a large scale fusion demonstration plant. Here is her Twitter video.
Taking Business to the Cloud? HP Unveils New All-in-One Zero Client (January 3, 2018)
Powered by Teradici, and compatible with VMware and Amazon virtual workspace environments, the new zero client enables more functionality and better security for users; here are the details.
World’s Largest Plasma Injector Brings Commercial Fusion Energy a Step Closer (December 21, 2017)
Ten times more powerful than its predecessor, the world’s largest and most powerful plasma injector has begun operation at General Fusion; here are the details and a photo.
D-Wave Announces Upgrades to D-Wave 2000Q Quantum Computer (November 13, 2017)
D-Wave today announced major upgrades coming to the D-Wave 2000Q™ quantum computer in the first quarter of 2018. Two of the most powerful new capabilities are reverse annealing and virtual graphs; here are the details.
Netsertive acquires Mixpo, a provider of video advertising solutions (August 15, 2017)
Netsertive’s acquisition of Mixpo strengthens its position as the fastest-growing brand-to-local marketing tech platform at a critical time for brick-and-mortar retail; here are the details.
Oak Ridge National Laboratory Acquires D-Wave 2000Q Cloud Services to Accelerate Hybrid Computing Applications (July 25, 2017)
D-Wave and Oak Ridge National Laboratory (ORNL), the largest U.S. Department of Energy science and energy laboratory, today announced an agreement aimed at advancing hybrid computing applications, particularly targeted at helping accelerate future exascale applications; here are the details.
Canadian Defence Review Identifies Virtual Marine as a Top 75 Defence Company (May 31, 2017)
The Top 75 Defence Companies ranking was recently released by Canadian Defence Review (CDR), one of the most reputable publications known industry-wide. Virtual Marine is pleased to announce that it has been selected as one of the Top 75 for 2017.
Inside a General Fusion Power Plant (May 31, 2017)
Learn how a General Fusion power plant creates fusion energy, followed by full explanation of how the process works; here are the details.
D-Wave Closes $50M Investment to Develop Next Generation of Quantum Computers (May 16, 2017)
Capital will support delivery of real-world quantum computing applications. Read here for major milestones achieved in 2017.
Temporal Defense Systems Purchases the First D-Wave 2000Q Quantum Computer (January 23, 2017)
Cyber security technology company to integrate system to solve critical and complex cyber security problems; here are the details.
The Fusion Underground: Can Small Fusion Energy Start-Ups Conquer the Problems That Killed the Giants? (October 21, 2016)
The November 2016 edition of Scientific American features General Fusion as it explores the private companies pursuing fusion energy; click here.
New study aims to find cancer in healthy volunteers with a simple blood test (October 18, 2016)
CANDACE will assess the clinical utility of a test based on technology developed by UBC and Boreal Genomics that has been previously shown to detect cancer DNA present in very low levels in the blood; click here.
Los Alamos National Laboratory Article (July 21, 2016)
This LANL article takes a simplified approach to explaining Quantum Computing and D-Wave’s role in setting standards in the Quantum field. Learn about the general concepts that apply to quantum computing by reading this article.
Copperleaf’s C55 Solution Selected by the Government of British Columbia (June 21, 2016)
The B.C. Government has chosen to use Copperleaf’s decision analytics to enhance its decision making process. The C55 software solution, offered by GrowthWorks portfolio company, Copperleaf, will assist the B.C. Government to optimize and rationalize decisions, with regards to its portfolio of information technology capital investments across ministries. The press release featuring Amrik Virk, Minister of Technology, Innovation and Citizens’ Services, can be found here.
ResponseTek given the Adoption of Technology Award (June 9, 2016)
ResponseTek, one of GrowthWorks’ Working Opportunity Fund portfolio companies, was recognized by the BC Technology Industry Association this year, winning the Adoption of Technology award. Read more about ResponseTek’s success.
Emerging Company of the Year (June 8, 2016)
Working Opportunity portfolio company, Copperleaf, won the Emerging Company of the Year award at the TIAs. This GrowthWorks portfolio company is being recognized for their success. Read more about what the BC Technology Industry Association has to say about Copperleaf here.
Introhive celebrated as one of the best businesses in New Brunswick in Telegraph-Journal’s Success Stories (May 22, 2016)
Jody Glidden, co-founder of Introhive, has used the knowledge and experience he obtained launching start-ups and working at BlackBerry to generate Introhive’s success. Introhive provides software that improves sales performance by automating CRM data entry and data synch relationships and insights within clients’ accounts. Read more about Introhive’s potential in Telegraph-Journal’s new feature: Success Stories.
Recognized by CRN for Virtualization Industry Leadership and data management (May 9, 2016)
The CRN are recognizing Teradici, a Working Opportunity Fund Portfolio Company, for its innovative virtualization technology and advanced data center support and management. Read more about Teradici’s recognition by the CRN here.
St Claraspital Wins Year’s Best Desktop Virtualization Project Award with the Help of Teradici (March 9, 2016)
The 2015 winner of the Best Desktop Virtualization award was St Claraspital. The hospital couldn’t have obtained their award without Teradici’s innovative technology. Read more about how this GrowthWorks Portfolio Company helped St Claraspital provide more efficient health care.
Featured in the Calgary Harold (February 21, 2016)
Fusion energy is often considered a solution to can replace fossil fuels. This GrowthWorks portfolio company is discussed in this article for its cost efficient approach to combat global warming. Read the Calgary Harold article on General Fusion here.
Virtual Marine Technologies
Lifeboat simulators featured in CAPP Marketing Campaign (February 17, 2016)
Virtual Marine Technologies develops advanced simulator technology to improve safety for lifeboat training. Recently featured in the Canadian Association of Petroleum Producers marketing campaign, this GrowthWorks Atlantic Venture Fund Portfolio Company strives to make the offshore oil & gas industry safer. More information, along with the marketing video can be found here.
GrowthWorks Portfolio Company listed as one of the top 10 Clean Tech Companies for 2016 (January 5, 2016)
SWITCH Materials’ automotive glazing product, created using synthetic and polymer chemistry research in combination with engineering applications, caught the attention of Investing News Network. Named one of the 10 Top Companies for Cleantech Investors to Watch, SWITCH Materials has great potential to apply their innovative technology in a variety of ways, aside from just automotive products. Please click here to read more.
The Connected Campaign: The Next Generation of Digital Advertising (November 6, 2015)
Mixpo recently released its Connected Campaign. Read about how real-time data flow affects ad campaign performance and production in Mixpo’s latest analysis.
CNN Interview (September 10, 2015)
The chief scientist and founder of General Fusion, Michel Laberge, was interviewed by CNN. The great potential for fusion energy is discussed in this interview. Take a look at the video here.
Smart Skin Technologies
High-speed Coca-Cola Canning Line Makes Use of Smart Skin’s Preventative Technology (May 5, 2015)
GrowthWorks Atlantic Venture Fund portfolio company, Smart Skin Technologies, is using its innovative pressure sensing technology to identify and prevent errors on the production line. The production line for Coca-Cola Refreshments Canada, located in Weston, Ontario, recently deployed Smart Skin’s inline quality assurance system. Read more about how the Weston plant uses Smart Skin’s preventative technology to improve their overall production, in this article.
GrowthWorks awarded CVCA’s 2014 ‘Deal of the Year’ Award (May 21, 2014)
CVCA – Canada’s Venture Capital & Private Equity Association, is pleased to announce that BDC Venture Capital and GrowthWorks are the joint recipients of the CVCA’s 2014 ‘Deal of the Year’ Award for the venture capital category - here are the details.
The Quantum Quest for a Revolutionary Computer (February 6, 2014)
This Time magazine article by Lev Grossman explains the basics of quantum computing and discusses the importance of GrowthWorks portfolio company, D-Wave’s innovative technology. A summary of Time’s article can be found here.
The Vancouver Sun: How Canada can become a leader in fusion energy – opinion piece (January 14, 2014)
General Fusion, a GrowthWorks portfolio company, was featured in an article about clean energy research in Canada. This opinion piece discusses the international recognition for Vancouver’s fusion energy progress. The article goes so far as to say that General Fusion may be Canada’s key to becoming a leader in fusion energy. It is only a matter of time until fusion, an unlimited, emission free energy source, becomes the primary technology in the energy landscape. The article can be found here.