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AC Grads Cross Chasm and Miovision Land $1.8 Million in Clean Technology Funding

AC graduates Miovision and Cross Chasm have landed $1.8 million in clean technology funding.

CrossChasm__LogoThe announcement of the funding made today onsite at Cross Chasm by the Honourable Diane Finley, Minister of Public Works and Government Services on behalf of the Honourable Greg Rickford, Canada’s Minister of Natural Resources. The funding was provided through Sustainable Development Technology Canada’s (SDTC) SD Tech Fund™ in support of two transportation projects that will further the Government of Canada’s goal of creating and protecting jobs and opportunities.

Through SDTC, Miovision is receiving $1.8 million for the development of a traffic system that is capable of observing and analyzing real-time traffic conditions to optimize traffic flow and reduce idling, a technology that could potentially reduce travel time by more than 20 percent.

Cross Chasm is also benefiting from a $430,000 funding round directed to the development of a smart-charging system that will better predict and accommodate the energy needs of the growing plug-in electrical vehicles market.

miovision_logo-used on website and for CECRMiovision, founded in 2005 was the first graduate of the Accelerator Centre’s world-class incubation program. The company also announced today a $30M funding round to expand its business operations and product lines. Cross Chasm, founded in 2007 by University of Waterloo engineering grads Matt Stevens and Chris Mendes, graduated from the Accelerator Centre in 2012. In 2013, the company’s mobile app, MyCarma, won the popular choice grand prize in Apps for Vehicle Challenge, sponsored by the US Department of Energy.

You can read the full announcement details here.

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AC Grad Miovision raises $30 Million to accelerate smart cities vision

Miovision Technologies, a fast-growing Kitchener company that develops technology for monitoring and controlling traffic signals, has secured $30 million in financing.

“We are pretty happy with the outcome,” chief executive officer Kurtis McBride said in an interview. “We have our sights set on being one of Canada’s iconic technology companies in the not-so-distant future.”

The “Series B” financing round, announced Wednesday, was led by MacKinnon, Bennett & Co., with participation from Investeco Capital, Renewal Funds, PlazaCorp Ventures and Comerica. It is among the biggest rounds of financing for a technology company in Waterloo Region, and is significant because most of the funds were raised in Canada.

Miovision was founded in 2005 by McBride and fellow University of Waterloo systems design engineering graduates Kevin Madill and Tony Brijpaul. It was the first startup to graduate from the Accelerator Centre incubator in Waterloo. The company’s sales have been growing between 60 and 80 per cent a year for the past six years. It will be hiring more staff to meet the increased demand expected with the pending launch of the new smart intersection technology.

To read the full article, click here.

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AC Grad NetSuite TribeHR launches new service

NetSuite’s 2013 acquisition of Waterloo, Ont.-based TribeHR provided an established human capital management (HCM) solution to add to NetSuite’s existing platform.

It is no surprise that NetSuite has further developed its HCM product offering with its recent launch of NetSuite Premier Payroll Service, fully integrated with TribeHR.

Consistent with NetSuite’s business approach of “One System For Your Entire Company”, the Premier Payroll Service supports NetSuite’s integrated business solutions across all operating systems. CRM, Accounting, Sales, HCM, all talk to one another, making reporting seamless, and decision making data rich, more reliable, and more effortless.

Using the reporting capacities within TribeHR, payroll administrative issues have been automated within Premier Payroll Service. TribeHR seamlessly populates the system, avoiding duplication of effort, saving administrative costs and time, and ensuring accuracy and reliability.

To learn more, click here.

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AC Grad Deep Trekker unveils DTX2 at Underwater Intervention

Deep Trekker has presented it’s new Remotely Operated Vehicle (ROV), the Deep Trekker DTX2, at the Underwater Intervention conference and exhibition in New Orleans.

This new ROV represents the first in a new line of subsea vehicles to complement the companies existing portable ROV line, the DTG2.

Rated for depths of up to 1000 feet and with speeds approaching 3.5 knots and over 28 lbs of thrust, the DTX2 is as powerful and strong as it is easy to use, the company explained.

To learn more, click here.

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AC Grad Clearpath Robotics de-mining robots are helping detect land mines in Portugal

Researchers from the University of Coimbra in Portugal are developing technology to detect mines and other explosive devices as part of a European Union (EU) project involving 26 partners, the university said in a statement issued on Tuesday.

The researchers in Coimbra, 175 km north of capital city of Lisbon, are already testing an adapted de-mining robot provided to the university by Canadian company Clearpath Robotics, following an international competition to seek out the best 10 entries out 150 submissions.

The robot was adapted with “a robotic arm that makes it possible to sweep the ground with mine detection sensors, such as metal detectors and ground-penetration radars,” said the team’s coordinator Lino Marques.

To make the robot more autonomous, the team “added a number of different sensors such as artificial vision cameras and laser sensors to measure distance, as well as artificial intelligence software, which makes it possible to understand the information from those sensors and to make decisions about the de-mining task, without human intervention,” Marques said.

There are an estimated 110 million land mines in over 70 countries across the world, according to Coimbra University, and developing autonomous robotic de-mining equipment is expected to save thousands of lives every year.

To read the full article, click here

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AC Grad TribeHR discusses life after acquisition

Joseph Fung was a founder and CEO of TribeHR, a human resources software company in Kitchener, which was acquired by NetSuite in October 2013. From the launch of TribeHR, with seven founders, to acquisition took only 2 ½ years. The experience was a good one for TribeHR, said Fung, now vice-president of Netsuite’s human capital management products.

“We were really, really fortunate,” he said.

Everyone at TribeHR had a nice windfall, but now the business is part of a publicly-traded company and decisions must be vetted by the legal, IT and security departments, Fung said.

To read the full article, click here.

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AC Client BioSensive Technologies introduces Ear-O-Smart, the world's first smart earring

While the wearable technology market continues to grow and mature, the space has had a persistent image problem. Consumer wearables have largely focused on athletic wristbands, with critics suggesting that for women, who outnumber men among prospective buyers, alternative offerings have been largely relegated to glammed up versions of fitness trackers—with the “glam” often coming from overtly girly designs.

If wearables are going to succeed among consumers, and not just gym-goers, they need to become more fashion conscious. Look no further than Apple Watch, which seems to be embracing fashion by offering distinct collections and customizable straps. Google’s recent “strategic reset” of Google Glass also points to an issue the entire industry is dealing with—if the wearables aren’t “cool” enough to wear every day, mainstream adoption will be tricky. However, following successful wearable tech-fashion collaborations such as Tory Burch’s Fitbit collection, jewellery is now poised to have its wearables moment.

We Are Wearables Toronto, one of the largest wearable tech meetups in the world, will host a panel of experts specializing in digital culture, fashion and wearables to discuss developing and designing wearables for women.

The event will feature Ear-O-Smart, touted as the world’s first smart earring (it can monitor your heart rate, calories and activity level). Ear-O-Smart connects to your smartphone with Bluetooth, allowing you to monitor a wide range of fitness data. Most importantly, fashion is a fundamental part of the company’s product.

To read an interview with Ear-O-Smart CEO and AC Client Ravinder Saini, click here.

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Human Care Systems continues global deployment of AC Grad Perspecsys to secure sensitive patient data

Perspecsys, the leader in enterprise cloud data protection gateway solutions, today announced that Human Care Systems is extending its successful European deployment of Perspecsys’ AppProtex Cloud Data Protection Gateway to power its growing Canadian operations. Human Care Systems initially selected Perspecsys’ solution because of its ability to provide the highest levels of data compliance and protection without impacting the usability and functionality of the cloud-based SaaS applications used by their business. Perspecsys’ advanced architecture and highly secure form of tokenization allows Human Care Systems to easily comply with an increasingly complex set of data governance requirements that are emerging around the globe while they enjoy the business benefits of using the latest SaaS cloud applications.

Human Care Systems is a leading provider of high-impact patient, physician and pharmacist support services for 15 of the top 20 pharmaceutical companies in the world. As a global leader in delivering patient personalized support, Human Care Systems delivers service and support solutions to maximize use of therapies, real world outcomes and evidence collected. “Cloud SaaS applications provide Human Care Systems with unmatched flexibility and the power to store and process sensitive medical data in a highly efficient and accessible platform,” said Andrew Taff, director of operations and technology.

To read the full article, click here.

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AC Grad Karos Health will demonstrate their cross-enterprise solutions at ECR in Vienna

Karos Health, a leader in standards-based clinical imaging exchange, cross-enterprise workflow and diagnostic imaging solutions, will demonstrate its solutions at the 2015 ECR Annual Meeting from March 4 to March 8 in Vienna.

At Karos we continue to improve and expand upon our product portfolio to address the challenges faced by healthcare institutions. At this year’s ECR we will follow a patient through the healthcare system during a real, complex, clinical scenario, demonstrating our new and expanded offerings and the enhancements to our platform.

To learn more, click here.