Only a handful of companies raised large funding rounds over the last week, earmarked by one company picking up nearly $50 million and relocating their headquarters to a major Canadian tech hub.
eSentire announced a USD $47 million round, led by Warburg Pincus, along with smaller investors Georgian Partners and Edison Partners, As a leader in managed detection and response, eSentire champions visibility and intelligence to keep up with cyber threats. The company, originally based in Cambridge, will relocate its headquarters to Waterloo.
“Protecting the scale of information that is widely distributed across an organization’s infrastructure, endpoint, customers and supply chain partners requires the continued innovation of MDR by applying AI technology with expert analysts,” said Kerry Bailey, CEO of eSentire. “Today’s business leaders recognize the fiduciary responsibility of securing mission-critical information, and eSentire has been committed to this responsibility since creating MDR.”waste robotics
Emovi has announced a $15 million Series C round, which will be combined with other capital to form a total $20 million raise. The $15 million comes from a partnership with TVM Capital Life Science and co-investors StandUp Ventures and Desjardins Capital.
With this new money, the Montreal-based Emovi will scale the adoption of their core product, KneeKG. It is a clinical tool that can evaluate knee functional deficiencies linked to patients’ symptoms and pathology progression.
“I am proud to partner with world-class venture capital funds to ensure that Emovi will become a major player in the global orthopaedic and sports medicine field,” said Michelle Laflamme, president and CEO of Emovi. “These investments enable us to support clinical adoption of our product in Canada, the United States and Europe.”
The Government of Canada invested $1.4 million into Waste Robotics as part of its plan to make cleantech a priority for the country. The new funding will allow the Quebec company to develop an AI-guided sorting system that can separate commercial waste more effectively.
“Waste Robotics develops intelligent sorting systems that are revolutionizing the waste recycling industry and contributing in a significant way to sustainable development,” said Eric Camirand, founder and CEO of Waste Robotics. “We are very pleased to be able to benefit from the support of SDTC to demonstrate our technologies under real commercial conditions, thus strengthening the growth of Waste Robotics.”