BDC Capital

BDC Capital Inc. is the private equity and venture capital arm of the Business Development Bank of Canada, focusing on direct and fund of funds investments. It specializes in various financing options, including subordinate, recapitalization, bridge, and venture capital, targeting middle market, later stage, and small to medium-sized businesses. BDC Capital engages in venture capital activities across all stages, from seed funding to pre-IPO financing, with a particular emphasis on technology and healthcare sectors. Its investment strategy includes a commitment to supporting women-led firms and spans industries such as life sciences, telecommunications, information technology, and advanced technologies. The firm typically invests between CAD 0.1 million and CAD 35 million, often seeking minority stakes and board representation in its portfolio companies. BDC Capital prefers to exit investments within three to five years, utilizing strategies such as initial public offerings and strategic sales. Established in 1975 and headquartered in Montreal, the firm also has offices in British Columbia, Ontario, Quebec, and Alberta, focusing its investments primarily within Canada.

Steven Abrams

Partner

Dinar Ahmed

Partner

Nabil El Asraoui

Associate

Lenka Baloghova

Associate

Amine Benmoussa

Principal

Disha Bhargav

Associate

Jeremy Billan

Partner, Growth Equity Partners

Ela Borenstein

Vice President

Sara Cavalluzzi

Associate

Cheri Corbett

Director

Olivier Côté

Associate

Kristina D’Amico

Director, Fund Investments

Kyle Feucht

Director

Ajay Gopal

Associate Director

Vivian Kan

Partner

Karim Kennedy

Director - Cleantech Practice

Leonard Kofman

Partner, Intellectual Property-Backed Financing

Sandy Li

Associate

Guillaume Mercier

Senior Vice President, Advisory Services and Business Strategy

Mona Minhas

Partner, Thrive Venture Fund

Claude Miron

Managing Partner - Growth Equity Partners

Anamika Mukherjee

Partner of Industrial, Clean and Energy Technology Venture Fund

Alison Nankivell

Vice President, Fund Investments and Global Scaling

Katherine Nicanorova

Associate

Michael Notto

Partner, Growth Equity Partners

Thomas Park

Partner

Salman Qadir

Associate

Loren Rafeson

Partner, Growth Equity Partners

Karl Reckziegel

Senior Vice President, Direct Investments

Joseph Regan

Managing Partner, Industrial Innovation Fund

Lally Rementilla

Managing Partner, IP-Backed Financing

Victor Scutaru

Managing Director, Private Equity Funds Portfolio

Matt Stanley

Partner, Climate Tech Fund

Stephanie Tadros

Associate

Zoltan Tompa

Director, Cleantech Practice

Ron Warburton

Managing Partner

Past deals in Ottawa

GaN Systems

Venture Round in 2021
GaN Systems Inc. is a semiconductor company that specializes in the development and manufacture of gallium nitride power switching transistors and diodes. The company offers 650 V and 100 V E-HEMT transistors, as well as wireless power amplifiers, which are utilized in various sectors including consumer electronics, enterprise equipment, industrial applications, and renewable energy systems such as solar and wind. By leveraging advanced device design and licensed process technology, GaN Systems produces high-performance devices that significantly enhance switching efficiencies compared to traditional silicon-based solutions. These innovations are designed to address power conversion challenges, reduce product costs, and improve energy efficiency in applications ranging from electric vehicles to power supply designs. Founded in 2008 and headquartered in Ottawa, Canada, GaN Systems also maintains offices in Japan, China, and Germany, serving a global customer base.

Solink

Series B in 2020
Solink is a data-driven security platform designed to capture and audit video and transactional data with the aim of proactively reducing fraud. The platform features a unique Video Discovery application that allows users to search for specific events, eliminating the need for manual evidence retrieval based on time and location. By automatically matching in-store transactions with video footage, Solink enables users to analyze data and identify suspicious activities effectively. This comprehensive service model provides businesses with the tools necessary to collect, analyze, investigate, and manage their security data remotely, enhancing overall business security.

Tehama

Series A in 2020
Tehama Inc. is a company that develops an automated software-as-a-service platform aimed at creating secure, cloud-based virtual work environments. Founded in 2018 and headquartered in Ottawa, Canada, Tehama's platform allows users to establish virtual offices, rooms, and desktops that can be accessed from any device with a web browser. The service addresses key security and operational challenges faced by enterprises, service providers, and individuals by facilitating efficient access to a global workforce while ensuring secure management and compliance. Tehama’s solution includes features such as real-time activity feeds, session recordings, and comprehensive audit trails, enabling organizations to streamline the onboarding of talent and enhance productivity without sacrificing security.

Cord3

Seed Round in 2019
Cord3 Innovation Inc. develops software for data security. The company provides data-centric cyber security services to protect files and emails by encrypting them at rest and controls access to the protected data assets for Cloud and enterprise data that protects against access by unauthorized administrators. It provides UNITY File and UNITY Email solutions for the protection of files and emails respectively. The company was founded in 2013 and is headquartered in Ottawa, Canada.

Relogix

Series A in 2019
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers its UtiLive system, which combines advanced sensor technology and a machine learning analytics engine to provide real-time insights into workplace usage. This system helps identify usage patterns, enabling real estate professionals to optimize their portfolios effectively. Relogix operates on a sensor-as-a-service pricing model, which encompasses initial floor planning, the deployment of sensor devices, and ongoing monitoring through a cloud-based application. Founded in 2010, Relogix primarily serves large enterprises and commercial real estate portfolios, particularly those with dynamic mobile workforces, such as technology firms and financial institutions.

Renaissance Repair and Supply

Venture Round in 2019
Renaissance Repair and Supply Ltd. specializes in providing comprehensive repair, testing, and remanufacturing services for the telecommunications industry. Established in 2011, the company is headquartered in Ottawa, Canada, with an additional office in Flower Mound, Texas. Its service offerings encompass various aspects of the supply chain, including repair and test services that feature inbound tracking, system testing, physical repairs, and distribution. The company also provides logistics services such as excess buyback, spares supply, and packaging. Furthermore, Renaissance offers engineering solutions, including test engineering and documentation control, alongside dedicated services for military and defense applications. By focusing on areas like wireline, wireless, optical, data/IP, and IoT, Renaissance enables clients to manage the lifecycle of both legacy and next-generation networking equipment across multiple OEM brands.

Avidbots

Series B in 2019
Avidbots Corp. develops and manufactures autonomous floor cleaning robots, primarily focusing on its flagship product, NEO, which is recognized as one of the most advanced autonomous scrubbing robots available. Founded in 2014 and based in Ottawa, Canada, Avidbots uses laser mapping technology to create detailed area maps and plan efficient cleaning paths. Its robots are designed to automate the labor-intensive aspects of commercial cleaning, allowing human cleaning crews to concentrate on higher-value tasks. Avidbots' products are utilized in various settings, including airports, retail malls, hospitals, colleges, and industrial sites across multiple countries. The company's vision is to integrate robots into everyday life to enhance human capabilities and improve operational efficiency in cleaning processes.

Solink

Series A in 2019
Solink is a data-driven security platform designed to capture and audit video and transactional data with the aim of proactively reducing fraud. The platform features a unique Video Discovery application that allows users to search for specific events, eliminating the need for manual evidence retrieval based on time and location. By automatically matching in-store transactions with video footage, Solink enables users to analyze data and identify suspicious activities effectively. This comprehensive service model provides businesses with the tools necessary to collect, analyze, investigate, and manage their security data remotely, enhancing overall business security.

Corsa

Series C in 2018
Corsa Technology Inc. is a Canadian company specializing in networking hardware and security solutions. Founded in 2011 and based in Ottawa, it provides programmable data planes that enhance Software Defined Networking (SDN). Corsa's OpenFlow data planes are designed for various applications, including router replacement and bypass in wide area networks, as well as for network functions virtualization. The company also offers a network security virtualization platform that enables large enterprises and service providers to efficiently scale traffic inspection, including encrypted traffic, at a reduced total cost of ownership. By integrating virtualization with intelligent orchestration, Corsa facilitates the deployment and management of next-generation firewall arrays, allowing clients to easily expand their network security capabilities in response to growing bandwidth demands.

Relogix

Seed Round in 2018
Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. The company offers its UtiLive system, which combines advanced sensor technology and a machine learning analytics engine to provide real-time insights into workplace usage. This system helps identify usage patterns, enabling real estate professionals to optimize their portfolios effectively. Relogix operates on a sensor-as-a-service pricing model, which encompasses initial floor planning, the deployment of sensor devices, and ongoing monitoring through a cloud-based application. Founded in 2010, Relogix primarily serves large enterprises and commercial real estate portfolios, particularly those with dynamic mobile workforces, such as technology firms and financial institutions.

CanvasPop

Series A in 2018
CanvasPop LLC is a prominent provider of personalized photo art and gifts, specializing in on-demand printing services. Founded in 2009 and based in Las Vegas, Nevada, the company offers a variety of products including canvas prints, framed prints, photo collages, magnets, and decorative pillows. CanvasPop aims to enhance customer experience through high-quality products and exceptional support, catering to individual preferences by allowing users to upload images from various sources. With facilities in the United States and Canada, the company serves over 450,000 customers and provides shipping options across the European Union, ensuring a broad reach for its innovative offerings.

Solink

Venture Round in 2017
Solink is a data-driven security platform designed to capture and audit video and transactional data with the aim of proactively reducing fraud. The platform features a unique Video Discovery application that allows users to search for specific events, eliminating the need for manual evidence retrieval based on time and location. By automatically matching in-store transactions with video footage, Solink enables users to analyze data and identify suspicious activities effectively. This comprehensive service model provides businesses with the tools necessary to collect, analyze, investigate, and manage their security data remotely, enhancing overall business security.

Shoebox

Series A in 2017
Clearwater Clinical Limited, founded in 2004 and based in Ottawa, Canada, specializes in the design and manufacture of mobile medical-grade devices aimed at enhancing clinical practices in the endoscopy and audiology markets. The company offers innovative products such as ClearSCOPE, a mobile endoscope adaptor that supports various medical applications, including ENT and urology exams, as well as veterinary and industrial uses. Additionally, Clearwater Clinical produces ShoeBOX, an iPad-based audiometer designed for screening and diagnostic testing in diverse settings such as clinics, schools, and telemedicine applications. Another key product is DizzyFIX, which facilitates the Epley Maneuver, a common treatment for vertigo caused by benign paroxysmal positional vertigo. The company, led by Dr. Matthew Bromwich and his team, is committed to providing affordable solutions that leverage mobile technology to improve patient care.

Klipfolio

Series B in 2017
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

Zighra

Seed Round in 2016
Zighra Inc. is a mobile security company based in Ottawa, Canada, founded in 2009. The company specializes in continuous authentication solutions, most notably its patented SensifyID technology, which provides automatic user recognition without requiring explicit authentication. This innovative approach utilizes advanced AI and behavioral biometric algorithms to create a seamless and non-intrusive security layer for users, making it particularly suitable for sensor-based devices. Zighra's platform operates entirely on-device, enhancing user experience while ensuring robust security for online transactions. Additionally, it offers a scalable platform as a service that enables clients to detect and respond to potential security threats, effectively eliminating the reliance on traditional passwords and improving overall identity protection.

GaN Systems

Series C in 2015
GaN Systems Inc. is a semiconductor company that specializes in the development and manufacture of gallium nitride power switching transistors and diodes. The company offers 650 V and 100 V E-HEMT transistors, as well as wireless power amplifiers, which are utilized in various sectors including consumer electronics, enterprise equipment, industrial applications, and renewable energy systems such as solar and wind. By leveraging advanced device design and licensed process technology, GaN Systems produces high-performance devices that significantly enhance switching efficiencies compared to traditional silicon-based solutions. These innovations are designed to address power conversion challenges, reduce product costs, and improve energy efficiency in applications ranging from electric vehicles to power supply designs. Founded in 2008 and headquartered in Ottawa, Canada, GaN Systems also maintains offices in Japan, China, and Germany, serving a global customer base.

Solantro Semiconductor

Venture Round in 2015
Solantro is a leader in module integrated electronic technology for intelligent solar solutions. The company has assembled a team of proven entrepreneurs with deep experience in system architecture, semiconductors, power conversion, RF and distributed communications systems.

Corsa

Series B in 2015
Corsa Technology Inc. is a Canadian company specializing in networking hardware and security solutions. Founded in 2011 and based in Ottawa, it provides programmable data planes that enhance Software Defined Networking (SDN). Corsa's OpenFlow data planes are designed for various applications, including router replacement and bypass in wide area networks, as well as for network functions virtualization. The company also offers a network security virtualization platform that enables large enterprises and service providers to efficiently scale traffic inspection, including encrypted traffic, at a reduced total cost of ownership. By integrating virtualization with intelligent orchestration, Corsa facilitates the deployment and management of next-generation firewall arrays, allowing clients to easily expand their network security capabilities in response to growing bandwidth demands.

Klipfolio

Series A in 2015
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

Gymtrack

Seed Round in 2015
Gymtrack Inc. is a company that specializes in developing exercise planning and virtual coaching software, along with innovative devices aimed at enhancing workout experiences. Founded in 2014 and headquartered in Ottawa, Canada, Gymtrack's technology enables fitness centers to foster stronger relationships with their clients while providing users with valuable insights into their workout progress and overall health. The company offers a unique bracelet that connects to users' smartphones, allowing them to track their workout tempo and form in real-time. Additionally, Gymtrack's systems can automatically measure workout progress and deliver personalized training feedback, making it easier for gym members to monitor their fitness journey. Gymtrack serves both Canadian and international markets.

Shoebox

Venture Round in 2014
Clearwater Clinical Limited, founded in 2004 and based in Ottawa, Canada, specializes in the design and manufacture of mobile medical-grade devices aimed at enhancing clinical practices in the endoscopy and audiology markets. The company offers innovative products such as ClearSCOPE, a mobile endoscope adaptor that supports various medical applications, including ENT and urology exams, as well as veterinary and industrial uses. Additionally, Clearwater Clinical produces ShoeBOX, an iPad-based audiometer designed for screening and diagnostic testing in diverse settings such as clinics, schools, and telemedicine applications. Another key product is DizzyFIX, which facilitates the Epley Maneuver, a common treatment for vertigo caused by benign paroxysmal positional vertigo. The company, led by Dr. Matthew Bromwich and his team, is committed to providing affordable solutions that leverage mobile technology to improve patient care.

Ranovus

Series B in 2014
Ranovus Inc. is a company based in Ottawa, Canada, that specializes in developing and manufacturing multi-terabit interconnect solutions for data centers and communications networks in the telecommunications and information technology sectors. Founded in 2012, Ranovus offers innovative technologies such as Quantum Dot Multi-Wavelength Laser and advanced digital and photonics integrated circuits. These solutions are designed to provide scalable and efficient alternatives for optical interconnectivity, focusing on minimizing power dissipation, size, and cost. The company operates in the United States, Canada, and Germany, and is recognized for its contributions to the development of optoelectronic components and transceiver subsystems, setting new benchmarks in the industry.

BLiNQ Networks

Series B in 2014
BLINQ Networks is the pioneer in developing next-generation non-line-of sight (NLOS) wireless backhaul products for compact base stations that enable wireless carriers to address the growth in demand for capacity. BLINQ is funded by highly regarded US and Canadian venture capital firms with strong investment track record in wireless technologies and solutions. Their management team has a proven record in building high-growth businesses in the wireless industry with companies that include Andrew, Flarion and Qualcomm. BLINQ's core engineering team comes from Nortel Networks where they were well recognized for developing innovative, state of the art and cost effective wireless systems that have been deployed worldwide. They are set to make a large impact in the wireless industry at a critical inflection point where the mobile Internet enabled by smart phones and mobile computing devices are driving data usage ever higher.

Privacy Analytics

Seed Round in 2014
Privacy Analytics Inc. specializes in data anonymization software tailored for healthcare organizations, insurance providers, and medical device manufacturers. The company provides solutions that enable the responsible de-identification of both structured and unstructured personal data, facilitating various secondary uses such as research, public health analysis, and marketing while ensuring individual privacy and legal compliance. Its flagship product, PARAT, integrates de-identification and data masking capabilities for clinical and health claims databases. Additionally, Privacy Analytics offers a range of tools, including text anonymization software and an online risk assessment tool to streamline data sharing agreements. The company also provides services such as re-identification risk assessments and anonymization methodology training. Founded in 2007 and based in Ottawa, Canada, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.

Klipfolio

Seed Round in 2014
Klipfolio Inc. is a cloud-based business intelligence company that specializes in providing real-time dashboard solutions. Its flagship product, Klipfolio Dashboard, empowers users to monitor key business metrics by connecting to various data sources, allowing for data manipulation, visualization, and sharing across devices including web browsers and TV monitors. In addition to its dashboard capabilities, Klipfolio offers consulting services in design, business analysis, and data visualization, as well as technical training. The company caters to a diverse range of sectors, including technology, healthcare, financial services, and government organizations. Founded in 2001 and headquartered in Ottawa, Canada, Klipfolio aims to enhance decision-making by enabling users to take control of their data.

BTI Systems

Series D in 2014
BTI Systems Inc. specializes in the development and marketing of cloud and metro networking software and systems aimed at carriers, colocation, content, and service providers, as well as cloud infrastructure companies globally. The company offers a range of products, including the BTI Intelligent Cloud Connect platforms for cloud service delivery, high-bandwidth Packet Optical Transport network infrastructure platforms, and Access and Aggregation Platforms that support carrier Ethernet services and mobile backhaul applications. Additionally, BTI provides Ethernet Access Platforms to extend services to customer premises and cell towers, alongside control software for enhanced network visibility and management. Their solutions address software-defined networking, data center interconnect, and low-latency network requirements. Founded in 2000 and headquartered in Kanata, Canada, BTI Systems operates as a subsidiary of Juniper Networks, having over 380 customers and multiple regional centers for sales, marketing, and research and development worldwide.
Solantro is a leader in module integrated electronic technology for intelligent solar solutions. The company has assembled a team of proven entrepreneurs with deep experience in system architecture, semiconductors, power conversion, RF and distributed communications systems.

Elliptic Technologies

Venture Round in 2013
Elliptic Technologies, founded in 2001, specializes in security software and semiconductor Internet Protocol engines. The company leverages extensive expertise in security design, derived from its history of developing System-on-Chip designs and related software. Elliptic Technologies offers embedded security services that cater to a range of applications, including wired and wireless networking, digital media, home entertainment systems, and Internet of Things (IoT) sensor networks. Its solutions are designed for vendors, device manufacturers, and service and content providers, positioning the company as a key player in the security technology sector.

Ranovus

Series A in 2013
Ranovus Inc. is a company based in Ottawa, Canada, that specializes in developing and manufacturing multi-terabit interconnect solutions for data centers and communications networks in the telecommunications and information technology sectors. Founded in 2012, Ranovus offers innovative technologies such as Quantum Dot Multi-Wavelength Laser and advanced digital and photonics integrated circuits. These solutions are designed to provide scalable and efficient alternatives for optical interconnectivity, focusing on minimizing power dissipation, size, and cost. The company operates in the United States, Canada, and Germany, and is recognized for its contributions to the development of optoelectronic components and transceiver subsystems, setting new benchmarks in the industry.

CloudLink Tech

Series A in 2013
CloudLink Technologies Inc. specializes in networking, virtualization, and cloud security solutions for enterprises, governments, and service providers globally. Established in 2003 and based in Ottawa, Canada, the company offers a comprehensive CloudLink Platform that provides encryption for mission-critical data across diverse infrastructures. Its offerings include CloudLink SecureVSA for data-at-rest encryption in various cloud environments, CloudLink SecureVM for enhanced security in virtualized machines, and CloudLink SecureFILE for encrypting sensitive files and managing NAS storage. CloudLink is recognized for its compliance solutions in healthcare and law enforcement. The company is certified by major cloud technology leaders and operates in the United States and Europe, functioning as a subsidiary of EMC Corporation since 2015.

Privacy Analytics

Seed Round in 2013
Privacy Analytics Inc. specializes in data anonymization software tailored for healthcare organizations, insurance providers, and medical device manufacturers. The company provides solutions that enable the responsible de-identification of both structured and unstructured personal data, facilitating various secondary uses such as research, public health analysis, and marketing while ensuring individual privacy and legal compliance. Its flagship product, PARAT, integrates de-identification and data masking capabilities for clinical and health claims databases. Additionally, Privacy Analytics offers a range of tools, including text anonymization software and an online risk assessment tool to streamline data sharing agreements. The company also provides services such as re-identification risk assessments and anonymization methodology training. Founded in 2007 and based in Ottawa, Canada, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.

Openera

Seed Round in 2012
Openera Inc. is a Canadian company based in Kanata, specializing in the development of mobile applications aimed at enhancing file management and organization. Founded in 2011, Openera offers several products, including FileFinder, which allows users to locate and share files from any location; AutoFile, which automatically saves, organizes, and backs up files and email attachments; and FileAnalytics, designed to monitor and manage file and cloud storage usage. The company's services integrate seamlessly with major cloud storage platforms such as Dropbox, Box, and Google Drive, enabling users to create customized rules for automatic organization and backup of their files. Openera operates under a freemium software-as-a-service (SaaS) model, catering primarily to professionals and small to medium-sized businesses. As of late 2013, Openera functions as a subsidiary of LiveQoS Incorporated.

Privacy Analytics

Venture Round in 2012
Privacy Analytics Inc. specializes in data anonymization software tailored for healthcare organizations, insurance providers, and medical device manufacturers. The company provides solutions that enable the responsible de-identification of both structured and unstructured personal data, facilitating various secondary uses such as research, public health analysis, and marketing while ensuring individual privacy and legal compliance. Its flagship product, PARAT, integrates de-identification and data masking capabilities for clinical and health claims databases. Additionally, Privacy Analytics offers a range of tools, including text anonymization software and an online risk assessment tool to streamline data sharing agreements. The company also provides services such as re-identification risk assessments and anonymization methodology training. Founded in 2007 and based in Ottawa, Canada, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.

BLiNQ Networks

Series B in 2012
BLINQ Networks is the pioneer in developing next-generation non-line-of sight (NLOS) wireless backhaul products for compact base stations that enable wireless carriers to address the growth in demand for capacity. BLINQ is funded by highly regarded US and Canadian venture capital firms with strong investment track record in wireless technologies and solutions. Their management team has a proven record in building high-growth businesses in the wireless industry with companies that include Andrew, Flarion and Qualcomm. BLINQ's core engineering team comes from Nortel Networks where they were well recognized for developing innovative, state of the art and cost effective wireless systems that have been deployed worldwide. They are set to make a large impact in the wireless industry at a critical inflection point where the mobile Internet enabled by smart phones and mobile computing devices are driving data usage ever higher.

BLiNQ Networks

Series A in 2011
BLINQ Networks is the pioneer in developing next-generation non-line-of sight (NLOS) wireless backhaul products for compact base stations that enable wireless carriers to address the growth in demand for capacity. BLINQ is funded by highly regarded US and Canadian venture capital firms with strong investment track record in wireless technologies and solutions. Their management team has a proven record in building high-growth businesses in the wireless industry with companies that include Andrew, Flarion and Qualcomm. BLINQ's core engineering team comes from Nortel Networks where they were well recognized for developing innovative, state of the art and cost effective wireless systems that have been deployed worldwide. They are set to make a large impact in the wireless industry at a critical inflection point where the mobile Internet enabled by smart phones and mobile computing devices are driving data usage ever higher.

Blaze.io

Seed Round in 2010
Blaze is a new technology for accelerating the speed of Websites and cutting bandwidth costs. We do this by dynamically optimizing the frontend code to make pages load more efficiently. Blaze is a cloud based service that requires no software, no hardware and no code changes. Blaze can be deployed in less than 1 hour and can integrate with your existing CDN services. Who is it for? Blaze is used by performance architects or operations engineers to accelerate their sites for their users. Blaze can be used on any Web site or intranet application - both static & dynamic. It requires no new hardware or code changes. Why use BLAZE? Improving website speed will reduce customer abandonment & improve your google rank. Blaze also significantly cuts operating costs by improving site efficiency. Deploying Blaze on your site is fast and simple.

CareWorx

Venture Round in 2010
CareWorx is a provider of advanced technology hardware, cloud products and related services to senior care facilities leveraging a strategic partnership with PointClickCare® – the market-leader in Electronic Health Records (EHR) software for senior care. CareWorx provides customers with focused expertise, wireless networking and out-of-the-box point-of-care and mobile technology designed specifically for use in senior care.

OneChip Photonics

Series A in 2009
OneChip Photonics specializes in the development of optical transceiver chips designed for mass applications. The company has created an integrated fiber-to-the-home transceiver, which is unique in the market. This innovation aims to reduce costs while simultaneously enhancing performance, making it a significant advancement in the field of optical communications. By focusing on these objectives, OneChip Photonics seeks to address the growing demand for efficient and cost-effective optical solutions.

Cyrium Technologies

Series B in 2008
Cyrium Technologies Inc. specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells for terrestrial solar energy applications. Established in 2002 and headquartered in Ottawa, Canada, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Cyrium Technologies also provides optimization and customization services for cell performance through its ASCC program, catering to the needs of CPV system manufacturers and the broader solar energy market.

BTI Systems

Series D in 2007
BTI Systems Inc. specializes in the development and marketing of cloud and metro networking software and systems aimed at carriers, colocation, content, and service providers, as well as cloud infrastructure companies globally. The company offers a range of products, including the BTI Intelligent Cloud Connect platforms for cloud service delivery, high-bandwidth Packet Optical Transport network infrastructure platforms, and Access and Aggregation Platforms that support carrier Ethernet services and mobile backhaul applications. Additionally, BTI provides Ethernet Access Platforms to extend services to customer premises and cell towers, alongside control software for enhanced network visibility and management. Their solutions address software-defined networking, data center interconnect, and low-latency network requirements. Founded in 2000 and headquartered in Kanata, Canada, BTI Systems operates as a subsidiary of Juniper Networks, having over 380 customers and multiple regional centers for sales, marketing, and research and development worldwide.

Gridpoint Systems

Series A in 2007
Gridpoint Systems, Inc. provides connection oriented carrier Ethernet (COCE) traffic engineering solutions. The company’s solutions enable partners and service providers to plan, provision, and protect Ethernet service and transport networks. Its products include 3400 Intelligent Node, a form factor edge service concentration solution for carrier Ethernet service delivery; Value Management Suite, a modular software suite designed to deliver traffic engineering for COCE; and Ethernet Path Computation Module, a portable software application that enables the scaling of multi-vendor, multi-technology, and multi-domain carrier Ethernet networks. The company’s planning and fulfillment applications are used by equipment, EMS/NMS, and OSS vendors. Gridpoint Systems, Inc. was founded in 2005 and is based in Ottawa, Canada.

OneChip Photonics

Seed Round in 2007
OneChip Photonics specializes in the development of optical transceiver chips designed for mass applications. The company has created an integrated fiber-to-the-home transceiver, which is unique in the market. This innovation aims to reduce costs while simultaneously enhancing performance, making it a significant advancement in the field of optical communications. By focusing on these objectives, OneChip Photonics seeks to address the growing demand for efficient and cost-effective optical solutions.

Natural Convergence

Series C in 2006
Natural Convergence, Inc. is a provider of hosted voice over Internet Protocol (VoIP) software designed for service providers catering to the small business sector. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets a product called Silhouette, which serves telecom carriers and service providers. Natural Convergence offers a range of services including customizable training, professional consulting, project management, and a channel program to enhance its software solutions. The company has a diverse customer base across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean, positioning itself as a significant player in the VoIP market for small businesses.

FirstHand Technologies

Series C in 2006
FirstHand Technologies is a technology pioneer with specific expertise in Session Initiation Protocol (SIP). By embedding or bundling SIPquest SIP-based software products with their own products, telecom and datacom equipment vendors are able to take advantage of the growing demand for VoIP services and capabilities. IP Telephony is the superset encompassing more than just VoIP. SIPquest's application and component suite also includes IP-based audio conferencing, video conferencing, data conferencing, application sharing, instant messaging, presence, a multimedia collaboration agent, voice mail, auto attendant, a SIP to H.323 signaling converter, an extensible SIP server and mobile WiFi roaming and collaboration capabilities. SIPquest is committed to expanding the use of SIP technologies through an exclusive licensing agreement with Columbia University's Internet Real-Time Lab and Professor Henning Schulzrinne, Chief Scientific Advisor to SIPquest and co-author of SIP. Located in Ottawa, Canada, SIPquest has the most complete and advanced suite of Session Initiation Protocol (SIP) software modules and components on the market.

Galazar

Series C in 2006
Galazar Networks Inc. specializes in the design, development, and supply of system semiconductors and software solutions. The company focuses on providing advanced semiconductor solutions for various telecommunications needs, including Ethernet, DS1/E1, DS3/E3, and SONET/SDH/OTN applications. Its product offerings encompass framer and mapper devices for data and telecom interfaces, as well as radio transmission and cellular backhaul solutions. Additionally, Galazar delivers OTN mappers, multiplexers, and multi-protocol infrastructure solutions, aiming to support carrier-grade Ethernet and multi-service line cards in the industry.

MODASolutions Corporation

Venture Round in 2006
MODASolutions Corporation provides online payment solutions. It offers eBillme, a payment processing technology that bridges consumers, merchants, and online banking in a product that integrates online banking payments with existing shopping infrastructures; and eBillme Walk-In, a way for consumers to shop online and pay with cash, without having a credit card or a bank account. The company's solutions allow users to accept cash payments for purchases made through Website or call center. It serves retail e-commerce and call center industries. The company has a strategic relationship with MasterCard RPPS. MODASolutions Corporation was founded in 2001 and is based in Ottawa, Canada with additional offices in the United States.

Metconnex

Venture Round in 2006
Metconnex develops integrated optical modules for optical networks. The company offers products such as wave switching modules for wavelength division multiplexing (WDM) networks. It was founded in 2002 and is based in Ottawa, Canada.

BTI Systems

Series C in 2006
BTI Systems Inc. specializes in the development and marketing of cloud and metro networking software and systems aimed at carriers, colocation, content, and service providers, as well as cloud infrastructure companies globally. The company offers a range of products, including the BTI Intelligent Cloud Connect platforms for cloud service delivery, high-bandwidth Packet Optical Transport network infrastructure platforms, and Access and Aggregation Platforms that support carrier Ethernet services and mobile backhaul applications. Additionally, BTI provides Ethernet Access Platforms to extend services to customer premises and cell towers, alongside control software for enhanced network visibility and management. Their solutions address software-defined networking, data center interconnect, and low-latency network requirements. Founded in 2000 and headquartered in Kanata, Canada, BTI Systems operates as a subsidiary of Juniper Networks, having over 380 customers and multiple regional centers for sales, marketing, and research and development worldwide.

Elliptic Technologies

Series A in 2005
Elliptic Technologies, founded in 2001, specializes in security software and semiconductor Internet Protocol engines. The company leverages extensive expertise in security design, derived from its history of developing System-on-Chip designs and related software. Elliptic Technologies offers embedded security services that cater to a range of applications, including wired and wireless networking, digital media, home entertainment systems, and Internet of Things (IoT) sensor networks. Its solutions are designed for vendors, device manufacturers, and service and content providers, positioning the company as a key player in the security technology sector.

Liquid Computing

Series A in 2005
Liquid Computing Corp. develops converged communications and computing platforms. It designs and develops LiquidIQ, a computing infrastructure that offers IT infrastructure and data centers management, and software-based control of servers, as well as storage and networking resources. The company was founded in 2003 and is based in Ottawa, Canada with an additional office in Stamford, Connecticut.

SiGe Semiconductor

Venture Round in 2005
SiGe Semiconductor, Inc. is a fabless semiconductor company that specializes in designing and manufacturing radio frequency (RF) integrated circuits and multi-chip modules for the wireless consumer electronics market. The company offers a range of products, including wireless LAN front end modules, dual band front end modules, discrete power amplifiers, WiMAX power amplifiers, transceivers, GPS radio integrated circuits, GPS receivers, and Bluetooth power amplifiers. SiGe Semiconductor distributes its RF solutions through a network of partners, catering to various applications in computing, home entertainment, and mobile devices across regions such as Asia, Europe, the Middle East, and North America.

TenXc Wireless

Series A in 2004
TenXc Wireless designs and supplies wireless access systems and antenna products to major wireless operators worldwide. It offers wideband bi-sector arrays that allow the clients to improve network performance, spectral efficiency, and coverage as well as the flexibility to target network hotspots and build new networks.

Natural Convergence

Series B in 2004
Natural Convergence, Inc. is a provider of hosted voice over Internet Protocol (VoIP) software designed for service providers catering to the small business sector. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets a product called Silhouette, which serves telecom carriers and service providers. Natural Convergence offers a range of services including customizable training, professional consulting, project management, and a channel program to enhance its software solutions. The company has a diverse customer base across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean, positioning itself as a significant player in the VoIP market for small businesses.

Atreus Systems

Series C in 2003
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

Natural Convergence

Series A in 2002
Natural Convergence, Inc. is a provider of hosted voice over Internet Protocol (VoIP) software designed for service providers catering to the small business sector. Founded in 2001 and headquartered in Ottawa, Canada, the company develops and markets a product called Silhouette, which serves telecom carriers and service providers. Natural Convergence offers a range of services including customizable training, professional consulting, project management, and a channel program to enhance its software solutions. The company has a diverse customer base across Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean, positioning itself as a significant player in the VoIP market for small businesses.
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