Category Archives: Latest News

Ottawa Klipfolio, a provider of cloud business dashboards, raises $12 Million (Cdn)

Klipfolio, a provider of cloud business dashboards, today announced that it received $12 million (Cdn) in a Series B funding. This funding round was led by OMERS Ventures and included all the investors from Klipfolio’s 2015 Series A and 2014 seed rounds, bringing their total funding to date to $19.4 million.

Watch their Stop Reporting Like its 2001 for a brief intro:

Founded in 2001 as a bootstrapped provider of desktop dashboard widgets, Klipfolio has grown dramatically since re-launching as a cloud-based dashboard provider in 2011. Since receiving its first round of funding, the company’s customer base has doubled each year, now serving more than 7,000 customers globally. The company has a best-in-class net retention rate of rate of 100.3, and is delivering tens of thousands of real-time dashboards to customers.

“I’m proud of Klipfolio’s rapid growth, but more importantly, what that growth indicates – that businesses are embracing real-time monitoring. Businesses who monitor their performance in real-time, are more in control than those who rely on monthly or quarterly reports,” says Allan Wille, Klipfolio’s President and CEO. “This new funding will allow us to further invest in the product, make it easier to build dashboards for our customers, provide new mobile experiences, and deliver hundreds of pre-built visualizations and dashboards.”

In the past year, Klipfolio has achieved a number of important milestones:

  • The number of full-time Klipfolio employees has grown to 68 and the company expanded the Ottawa office footprint 1860 sf to accommodate that growth.
  • Klipfolio dashboards collectively refresh more than 2.6 billion times per year, reflecting their use in real time business operations.
  • Klipfolio customers access more than half a million different data sources and run more than 25 billion formula executions annually.
  • Klipfolio’s customers created more than 54,000 dashboards, with more than 36 million dashboard views in 2016.
  • More than 276K Klips were created to help customers track their metrics.

Toronto Exact Imaging, micro ultrasound system, secures CDN $21.5m in funding

Exact Imaging secures CDN $21.5 Million in financing to support the commercialization of Its new disruptive ExactVu™ Micro-Ultrasound for prostate imaging and biopsy.

Exact Imaging, the world’s leader in high resolution micro-ultrasound systems enabling real-time imaging and biopsy guidance for the prostate, announced it has secured CDN $21.5 million in a Series C investment to commercialize its ExactVu™ micro-ultrasound system. The financing, which closed late in 2016, was co-led by Lumira Capital (Toronto, ON) and Vesalius Biocapital (Luxembourg) with participation from numerous new investors including PMV (Participatiemaatschappij Vlaanderen) (Brussels, Belgium) and strong support from existing investors including iGan Partners/Rowanwood Ventures (Toronto, ON).

Watch Dr. Gregg Eure, M.D., F.A.C.S. Urology of Virginia talk about Exact Imaging micro-ultrasound system:

https://www.youtube.com/watch?v=vFcu_FUAiL4

The company intends to use the funds to commercialize its ExactVu™ micro-ultrasound system.

The company has also just recently got FDO approval:

“This has been a great few weeks with the receipt of our 510(k) clearance and the announcement of our CE approval just two weeks ago,” says Randy AuCoin, Exact Imaging’s President and CEO. “These important regulatory approvals will allow our commercial team to start fulfilling the pent-up demand for the ExactVu micro-ultrasound system. The era of blind, unguided biopsies is coming to an end and urologists are searching for new tools that leverage break-through technologies, familiar workflows and allow them to benefit from improved imaging resolution to target their prostate biopsies. Our platform is such a solution – it images in real-time, it is located in the urologist’s office, and it is ultrasound-based. Most important, it allows for the guidance of both systematic and targeted biopsies due to its exquisite resolution”.

VW buys Vancouver startup PaybyPhone

Volkswagen Financial Services AG and PayByPhone today announced that the financial services division of Volkswagen Group has acquired PayByPhone, the world’s leading parking payment provider. The deal positions Volkswagen Financial Services AG as the clear leader in mobile payments and parking sectors, while providing the foundation for future PayByPhone growth globally and continued innovation.

In 2016, PayByPhone has already processed more than $250 million in payments and is adding approximately 7,000 users per day to their already substantial base of more than 12.5 million registered users.

“With the acquisition of PayByPhone, we are now the leading provider for the processing and mobile payment of parking. In the future, we will be bundling this know-how in a separate business field around the theme of parking,” said Dr. Christian Dahlheim, the management board member responsible for sales and marketing at Volkswagen Financial Services AG.

Amazon Prime Video launches in Canada (… and it’s cheaper than Netflix!!!)

Amazon unveiled Amazon Prime for Canadians, which will include free two-day shipping with no minimum purchase for a $79 annual fee. That is 35% cheaper than Netflix and you also get additional perks listed below.

Customers around the world can now enjoy popular new original series like The Grand Tour from Jeremy Clarkson, Richard Hammond and James May (currently the top-rated TV show on IMDb with an overall rating of 9.4 and over 20,000 votes) and award-winning Amazon Original Series like The Man in the High Castle, Transparent, Mozart in the Jungle, Tumble Leaf and more.

See reviews of top TV shows on Amazon Prime Video below (please note not all available in Canada – for what’s available see below):

https://www.youtube.com/watch?v=kTYTZK-LRIA

 

As an Amazon Prime Member you will also get the following benefits – what are you waiting for? 

  • FREE Two-Day Shipping on eligible items. Note: If the item you’re ordering is out of stock or unavailable to ship, we’ll get it to you two days after it’s back in stock. Remember to check the cut-off time shown on the detail page. Orders over $1,300 may require a signature.
  • Free Standard Shipping on eligible items.
  • Discounted One-Day and Same-Day Shipping where eligible.
  • No minimum purchase for shipping benefits.
  • Prime Video: Unlimited streaming of movies and TV episodes for paid or free trial members. For more information, go to What’s Prime Video?
  • Prime Photos: Secure unlimited photo storage in Amazon Drive. For more information, go to About Prime Photos.
  • Twitch Prime: Members get exclusive discounts on physical games pre-orders and new releases.
  • Twitch.tv users who link their Amazon Prime account get ad-free viewing on Twitch, a free Twitch channel subscription every 30 days, and exclusive access to free game content. For more information, go to Twitch.tv.
  • Prime Early Access: Get 30-minute early access to select Lightning Deals on Amazon.ca. For more information, go to About Prime Early Access.

List of what is on Amazon Prime Video in Canada as of today is below. The list is very short compared to the Netflix line up.


Movies:

Action & Adventure:

Wanted
The Mummy (1999)
The Mummy: Tomb of the Dragon Emperor
The Mummy Returns
Fast & Furious
The Fast and the Furious: Tokyo Drift
The Fast and the Furious
2 Fast 2 Furious
Fast & Furious 5
Miami Vice
The Missing
The Hulk
The Incredible Hulk
Doom
Green Zone
Battleship
Van Helsing
Apollo 13
Jarhead
The Man with the Iron Fists
Darkman
Fighting
The Scorpion King
The Hornet’s Nest
The Chronicles of Riddick: Dark Fury
The Chronicles of Riddick
The Ghost and the Darkness
Fear and Loathing in Las Vegas
Sanctum
Paul
Serenity
Galaxy Quest
Hellboy II: The Golden Army
Crocodile Dundee
Waterworld
The Four Feathers
Scorpion King 2: The Rise of a Warrior
xXx
xXx: State of the Union

Crime:

Scarface (1983)
Wanted
Miami Vice
2 Fast 2 Furious
Fast & Furious
The Fast and the Furious: Tokyo Drift
Littleman
Freedomland
Fast & Furious 5
Gigli
Smokin’ Aces
Breach
xXx: State of the Union
State of Play
Green Zone
Public Enemies
American Gangster
Changeling
The Black Dahlia
The Life of David Gale
Half Baked

Drama:

Charlie St. Cloud
Children of Men
American Beauty
The Express
Sanctum
Punch-Drunk Love
Charlie Wilson’s War
The Forgotten
Elizabeth: The Golden Age
The Four Feathers
Freedomland
Leap Year
Rent
Maid in Manhattan
Radio
Fighting
Across the Universe
The Good Shepherd
Patch Adams
The Best Man
Fatal Attraction
The Ghost and the Darkness
The Wolfman
Ghost
Field of Dreams
Apollo 13
Big Miracle

Kids & Family:

Despicable Me
Curious George
Alvin and the Chipmunks Meet The Wolfman
Babe
Nanny McPhee
Alvin and the Chipmunks Meet Frankenstein
Mr. Bean’s Holiday
The Tale Of Despereaux
Dr. Seuss’ The Lorax

Comedy:

Bridesmaids (2011)
Mamma Mia! The Movie
American Reunion
American Pie 2
American Wedding
The Aminal
Little Black Book
Tomcats
Punch-Drunk Love
About a boy
Charlie Wilson’s War
Superstar
Littleman
The Brothers Solomon
Nanny McPhee
The Flintstones
I Now Pronounce You Chuck & Larry
Gigli
Couples Retreat
Maid in Manhattan
American Dreamz
Are We There Yet?
13 Going on 30
Brüno
Monty Python’s Meaning Of Life
Get Him to the Greek
Funny people
The Break-Up
The New Guy
Happy Gilmore
Meet the Fockers
Meet the Parents
Crocodile Dundee
Crocodile Dundee II
Weird Science
The Out of Towners (1999)
Little Fockers
Dazed and Confused
The Fighting Temptations
Role Models
Forgetting Sarah Marshall
Galaxy Quest
Mr. Bean’s Holiday
Sixteen Candles
Leap of Faith
Accepted
Scott Pilgrim vs. The World
The Five-Year Engagement
Forces of Nature
Dead Man on Campus
Knocked Up
Baby Mama
The Blues Brothers
Half Baked
Dear God
Nuts!

Thriller:

The Adjustment Bureau
Sanctum
Devil
xXx
Smokin’ Aces
The Skulls III
Breach
Dawn of the Dead
Rear Window
The Thing (2011)
Twelve Monkeys

Bollywood Movies:

Sultan
Sarbjit
Prem Ratan Dhan Payo
Don
Don 2
Fan
Ready
Ek Tha Tiger
Talaash
Zindagi Na Milegi Dobara
Dil Dhadakne Do
Humpty Sharma Ki Dulhania
Kapoor & Sons
Aashiqui 2
Fukrey

Animated:

Despicable Me
Curious George
Alvin and the Chipmunks Meet The Wolfman
The Chronicles of Riddick: Dark Fury
Alvin and the Chipmunks Meet Frankenstein
The Tale Of Despereaux

TV Shows:

Amazon Original Series:

The Grand Tour
The Man In The High Castle
Transparent (Season 1 and Season 2)
Hand Of God
Mozart in the Jungle (Season 1 and Season 2)
Red Oaks
Julian Fellowes Presents Doctor Thorne

Top TV

The Grand Tour
Fear the Walking Dead
The Man In The High Castle
Transparent (Season 1 and Season 2)
Community (Season 1 to Season 6)
Justified
Startup
Hand Of God
Mozart in the Jungle (Season 1 and Season 2)
The Night Shift (Season 1 and Season 2)
Red Oaks
Chi’s Sweet Adventure (Subbed)
Julian Fellowes Presents Doctor Thorne
The Night Manager
Wishenpoof!
Just Add Magic

Anime TV:

ViVid Strike!
Magical Girl Lyrical NANOHA StrikerS
Magical Girl Lyrical NANOHA
Magical Girl Lyrical NANOHA A’s
The Great Passage
BATTERY the animation
KABANERI OF THE IRON FORTRESS
Shin chan Spin-off vol.1 Aliens vs. Shinnosuke
Chi’s Sweet Adventure (Subbed)

Canadians Must Be able to Access High-Speed Internet, CRTC rules

CRTC wants Canadians to have access to an unlimited data plan option and speeds of at least 50 Mbps download and 10 Mbps upload.

The Canadian Radio-television and Telecommunications Commission (CRTC) today declared that broadband access Internet service is now considered a basic telecommunications service for all Canadians. The CRTC is also setting ambitious new speed targets and creating a new fund that will invest up to $750 million over and above existing government programs.

High quality and reliable digital connectivity is essential for the quality of life of Canadians and Canada’s economic prosperity.” – said Jean-Pierre Blais, Chairman and CEO, CRTC

Vancouver-based OpenMedia, a pro-internet organization, described the decision as “truly historic.”

Toronto startup Askuity turning complex retail data to grow sales

Askuity works with leading retail brands to turn complex point of sale data into profitable insights and greater business results. By combining automated point of sale data collection with powerful analytics and mobile technology, the Askuity analytics platform uncovers data-driven insights to help brands grow sales, improve margins and strengthen retailer relationships.

https://www.youtube.com/watch?v=fg2DKrvT8KE

Who started the company? Do you / team members have tech background?
The company was founded by Eric Green and Neal Sherman. Eric, Askuity’s CEO, was formerly co-founder and president of a high-growth CPG company that sold innovative products to retailers across North America. It was through this experience that he realized the impact that retail analytics could have on his business, which ultimately ignited the idea behind the Askuity platform. Neal, Askuity’s COO, is the technical half of the Askuity founding team, responsible for turning Askuity’s vision into product reality. He has held leadership roles in both sales and product management at a number of successful technology companies spanning Cloud, Analytics and Mobile solutions.

How are you being financed?
Askuity has conducted two funding rounds; one in 2014 and one in 2016.

Office

What do you think will be / is a big obstacle to overcome?
The biggest obstacle for Askuity is challenging the status quo. Many retail brands have failed to adopt modern technology to make better use of their data and gain greater insight into their retail business. As companies continue to realize how important data is to their continued success, we expect that these brands will move away from the status quo of Microsoft Excel and canned reports, transitioning to modern solutions such as Askuity.

How do you go about finding good developers / IT guys for your company?
Great developers are not easy to find in this market. We tend to find our most talented developers through referrals, and place an emphasis on sourcing development hires through our existing development team’s network.

Who is your biggest competition?
Askuity has reinvented the point of sale analytics market. As a result, we don’t have many competitors that offer a truly competitive product offering that spans desktop and mobile. Most often we find ourselves displacing expensive data visualization/reporting software that does not specialize in handling retail data. Askuity is a compelling alternative to these types of generic solutions, as our platform is purpose-built for brands and manufacturers selling their products into major retailers.

Founders

How are you intending on taking your company to million dollars in revenues? In what markets?
Askuity has been growing rapidly and steadily, with new brands signing onto our platform every week. By continuing to listen to the needs of our customers and adding new functionality to improve and differentiate our platform, we are confident that we will continue to expand our footprint in the retail industry. While Askuity is actively focusing on the North American market at the moment, we see great potential in scaling our sales and marketing efforts internationally in the near future.

What is the big lesson you’ve learned (success or failure) with this project.
As we’ve gone to market, we’ve identified that the market is broken out into two distinct groups: old school and new school. Some brands have not yet embraced data as a growth strategy, relying on old school ways of managing their business. These brands often require more education and assistance as they are still learning how data can be used to improve their business, resulting in a longer and more complex sales cycle. On the other hand we work with some brands that already understand the value of harnessing data, but are often limited by traditional reporting solutions that fail to meet their needs. When dealing with these brands, the sales process is rather straightforward, allowing us to focus on the benefits of the Askuity platform while ensuring that our solution addresses their specific pain points and key business objectives.

Website: https://www.askuity.com/

Amazon picks Montreal Quebec instead of Ontario for their hosting operations due to cheaper hydro rates

Amazon picked province of Quebec to open their Canadian data centres near Montreal. “We picked the Montreal Quebec area that we did because of the hydro power,” said Teresa Carlson, vice-president of public sector with Amazon Web Services.

Average price for business customers in Montreal Quebec were just around 5.17 cents (IN ¢/KWH) while in Toronto Ontario it is around 9 cents (almost double the price) while in New York City it is around 17 cents. Montreal is not the cheapest though – in cities across Canada such as Calgary and Winnipeg prices are around 4.5 cents respectively. But cities like Winnipeg lack IT tech talent which can be readily available in Montreal or Toronto.

Below you can see a table from 2014 comparing rates in Canada (prices have changed slightly over the last few years though):

Amazon did not reveal how many people will be hired at the Montreal-area data centres. Citing customers’ security, the company has been famously secretive about its data centre location. Spokespeople have simply described them as “a big investment.”

Patrick Brown, leader of Ontario’s Progressive Conservative party, was quick to jump on the news as more evidence that the province’s electricity prices are making it less competitive for big business investments and could hamper its opportunities when it comes to high-tech.