BDC Capital

Founded in 1953, BDC Capital is a Canadian investment firm specializing in growth and expansion financing. It focuses on information technology, technology, energy, cleantech, and healthcare sectors across Canada.

Dinar Ahmed

Principal

Réjean Asselin

Assistant Vice President, Portfolio Management - Growth and Transition Capital

Lenka Baloghova

Associate

Amine Benmoussa

Associate Director

Disha Bhargav

Associate

Past deals in Embedded Software

Blumind

Series A in 2025
Blumind develops an analog AI neural network architecture designed for low-power edge computing and provides inferencing engines for edge smart sensors and devices. The platform uses standard semiconductor technology to deliver real-time inference with minimal energy consumption, enabling always-on artificial intelligence at the edge. It supports features such as keyword detection, biometric pattern recognition, gesture identification, and image classification, allowing industries to deploy efficient AI on edge devices.

Hexoskin (Carré Technologies)

Venture Round in 2024
Hexoskin develops smart clothing designed for health, fitness, and wellness. The company specializes in body-worn sensing technologies that incorporate sensors to capture various body metrics, including cardiorespiratory activity, physical activity, and sleep patterns. These metrics are transmitted in real-time to smartphones, allowing users to monitor their health status continuously. Hexoskin's garments facilitate the sharing of health data online, enabling digital health management and predictive health analytics through an integrated platform that communicates with various applications. This innovative approach empowers customers to take control of their health and wellness.

Bonsai Micro

Seed Round in 2023
Bonsai Micro is a fabless semiconductor company that develops network infrastructure for next-generation wireless networks. It focuses on advanced wireless technology and leverages RF and millimeter-wave design, mixed-signal circuitry, and machine-learning techniques to deliver high performance and energy efficiency for wireless networks.

Haply

Seed Round in 2023
Haply is a robotics company that specializes in the development of haptic devices and sensor technology aimed at enhancing robotic control and interfaces, particularly in medical training and gamification. The company's innovative products leverage rapid manufacturing techniques to create effective surgical simulation tools, allowing users to engage in a wide range of procedures through advanced force feedback systems. By providing prototyping, firmware, and virtual learning assistance, Haply aims to improve the training experience for medical professionals and facilitate the integration of robotics in various applications.

Invixium

Series C in 2020
Invixium Inc., founded in 2012 and based in Markham, Canada, is a global provider of biometric solutions designed to enhance safety, health, security, and productivity for enterprises. The company offers a range of products including Ixm Mycro for personalized home environments, Ixm Touch for employee time tracking, IXM Titan for face recognition and edge computing, IXM Merge for indoor fingerprint tracking, and Ixm Sense for industrial installations. Invixium's solutions also include touchless biometric technologies with face recognition and temperature detection for access control, workforce management, and visitor screening. The company's products are deployed across various industries such as government, banking, healthcare, and education in over 60 countries.

IRYSTEC

Series A in 2018
Faurecia IRYStec Inc., based in Montreal, Canada, specializes in perceptual display technology solutions for the automotive industry. Founded in 2015, the company develops a customizable software platform known as PDP Vision, which integrates seamlessly into various automotive display systems, including instrument clusters and head-up displays. Their product offerings include IRYStec DRIVEvue, which enhances display visibility under bright lighting conditions, and IRYStec MYvue, a viewer intelligence solution that optimizes content presentation for individual users. By leveraging advanced algorithms, Faurecia IRYStec's technology adapts display characteristics in real-time, ensuring a safe and efficient viewing experience. In May 2020, the company rebranded from IRYSTEC to Faurecia IRYStec Inc. and now operates as a subsidiary of Faurecia S.E.

ecobee

Series C in 2018
ecobee, Inc. is a Toronto-based company founded in 2007 that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial applications. The company’s product lineup includes the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+, all designed to enhance energy conservation and provide customizable temperature settings. These devices allow users to manage their home or office environments remotely via a mobile application compatible with various platforms, including iOS, Android, and BlackBerry. Ecobee's offerings aim to empower consumers to monitor and reduce their energy consumption while maintaining comfort in their spaces. The company sells its products primarily through online channels.

Delco Automation

Venture Round in 2018
Delco Automation is a manufacturer specializing in appliances, electrical systems, and electronics, with a strong focus on process automation and control systems. The company serves various industries, including water and wastewater, integrated security, ethanol, energy, and oil and gas. Delco Automation offers a range of services, such as automation integration, control systems, and telecommunications, along with specialized products like loop tuning instruments and electrical panels. Their commitment to custom-engineered solutions ensures that clients receive tailored products for process control and water treatment, delivered on time and within budget.

IRYSTEC

Series A in 2016
Faurecia IRYStec Inc., based in Montreal, Canada, specializes in perceptual display technology solutions for the automotive industry. Founded in 2015, the company develops a customizable software platform known as PDP Vision, which integrates seamlessly into various automotive display systems, including instrument clusters and head-up displays. Their product offerings include IRYStec DRIVEvue, which enhances display visibility under bright lighting conditions, and IRYStec MYvue, a viewer intelligence solution that optimizes content presentation for individual users. By leveraging advanced algorithms, Faurecia IRYStec's technology adapts display characteristics in real-time, ensuring a safe and efficient viewing experience. In May 2020, the company rebranded from IRYSTEC to Faurecia IRYStec Inc. and now operates as a subsidiary of Faurecia S.E.

Invixium

Series A in 2016
Invixium Inc., founded in 2012 and based in Markham, Canada, is a global provider of biometric solutions designed to enhance safety, health, security, and productivity for enterprises. The company offers a range of products including Ixm Mycro for personalized home environments, Ixm Touch for employee time tracking, IXM Titan for face recognition and edge computing, IXM Merge for indoor fingerprint tracking, and Ixm Sense for industrial installations. Invixium's solutions also include touchless biometric technologies with face recognition and temperature detection for access control, workforce management, and visitor screening. The company's products are deployed across various industries such as government, banking, healthcare, and education in over 60 countries.

Solantro Semiconductor

Venture Round in 2015
Solantro Semiconductor Corp. is a Canadian semiconductor company established in 2009, specializing in the design and manufacture of integrated circuits for grid applications, particularly within the renewable energy sector. The company develops a range of products, including analog power managers, DC-DC power optimizers, and micro-inverter controllers, which are essential for converting solar energy into usable power. Their chipsets enhance solar panels, enabling them to function as integrated power generators. Solantro's technology supports various applications, including intelligent photovoltaic module safety disconnects and battery chargers, while also offering software development tools for system integration. The company serves clients in power electronics, smart grid, and renewable energy industries, providing semiconductor-based architectures that facilitate the measurement, processing, and management of power from distributed energy resources.

Solantro Semiconductor

Grant in 2013
Solantro Semiconductor Corp. is a Canadian semiconductor company established in 2009, specializing in the design and manufacture of integrated circuits for grid applications, particularly within the renewable energy sector. The company develops a range of products, including analog power managers, DC-DC power optimizers, and micro-inverter controllers, which are essential for converting solar energy into usable power. Their chipsets enhance solar panels, enabling them to function as integrated power generators. Solantro's technology supports various applications, including intelligent photovoltaic module safety disconnects and battery chargers, while also offering software development tools for system integration. The company serves clients in power electronics, smart grid, and renewable energy industries, providing semiconductor-based architectures that facilitate the measurement, processing, and management of power from distributed energy resources.

Elliptic Technologies

Venture Round in 2013
Elliptic Technologies, established in 2001, specializes in supplying security software and semiconductor IP offload engines. The company offers embedded security services for various applications such as wired/wireless networking, digital media, home entertainment systems, and IoT sensor networks to vendors, device manufacturers, service providers, and content creators. Its team brings extensive experience from developing System-on-Chip designs at Chrysalis-ITS.

Solantro Semiconductor

Venture Round in 2013
Solantro Semiconductor Corp. is a Canadian semiconductor company established in 2009, specializing in the design and manufacture of integrated circuits for grid applications, particularly within the renewable energy sector. The company develops a range of products, including analog power managers, DC-DC power optimizers, and micro-inverter controllers, which are essential for converting solar energy into usable power. Their chipsets enhance solar panels, enabling them to function as integrated power generators. Solantro's technology supports various applications, including intelligent photovoltaic module safety disconnects and battery chargers, while also offering software development tools for system integration. The company serves clients in power electronics, smart grid, and renewable energy industries, providing semiconductor-based architectures that facilitate the measurement, processing, and management of power from distributed energy resources.

Wavesat

Venture Round in 2009
Wavesat is a provider of advanced semiconductor solutions that cater to the needs of carrier and mobile device manufacturers focused on mobile broadband. The company is recognized for its innovative technologies, including the industry’s first WiMAX Forum Certified CPE design, which facilitates the deployment of a variety of broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS. Wavesat’s technology is built on an intelligent, multimode 4G architecture that supports seamless migration to future 4G technologies like LTE. By offering highly integrated and power-efficient broadband solutions, Wavesat enables mobile device manufacturers to optimize investments, reduce development time and risks, and accelerate their time-to-market. The company combines superior technical support with cost-effective platforms that include both software and reference designs, making it a key partner for businesses aiming to stay ahead in the rapidly evolving broadband landscape.

Bluestreak Technology

Series D in 2007
Bluestreak Technology, Inc. is a Montreal-based company that specializes in designing and developing media applications for connected devices such as televisions, set-top boxes, smartphones, and tablets. Founded in 2002, Bluestreak offers a range of products, including the MachBlue platform, which enables over-the-top video services, and MachBlue Smart Runtime Classic, which allows the creation of interactive experiences from Adobe Flash applications. The company also provides MachBlue Studio, a testing environment for optimizing applications across various devices. Its clientele includes prominent names in the telecommunications and technology sectors, such as Alcatel, Ericsson, and Samsung. Bluestreak Technology operates as a subsidiary of Espial Group, Inc. and has additional offices in Sèvres, France, and Seoul, South Korea.

Zeligsoft

Series B in 2007
Zeligsoft, Inc. is a software development company based in Gatineau, Canada, founded in 2002. It specializes in creating software engineering tools tailored for developers, testers, architects, and integrators across various industries. Its offerings include a platform-aware development environment for multicore and multiprocessor systems, as well as solutions for embedded software, software defined radio, and communications architecture. Zeligsoft provides various toolkits, along with professional services that encompass software tool development expertise and consulting. The company also delivers education and support services, including distributions of its Papyrus modeling tool. Zeligsoft serves a diverse range of sectors, including telecommunications, aerospace, and multimedia, with a notable presence in South Korea and Japan. The company's tools aim to improve developers' productivity, accelerate time to market, and enhance software quality while reducing development costs.

Trigence Semiconductor

Series B in 2007
Trigence Semiconductor, Inc. is an audio integrated circuit design and solution provider based in Tokyo, Japan, with additional offices in the United States, Hong Kong, and Taiwan. Founded in 2006, the company specializes in high-quality audio technology, offering digital audio products such as Digital Speaker Modules, which include speakers, enclosures, connectors, audio DSPs, and interfaces aimed at simplifying audio functionality for PCs, tablets, and smartphones. Trigence's product portfolio serves a variety of applications, including computers, laptops, headsets, soundbars, and Bluetooth speakers. Their innovative audio systems utilize unique algorithms to enhance speaker response, delivering clear audio output while optimizing power consumption compared to traditional methods. The company distributes its products through a network of distributors, catering to both consumer and IT markets.

Wavesat

Venture Round in 2006
Wavesat is a provider of advanced semiconductor solutions that cater to the needs of carrier and mobile device manufacturers focused on mobile broadband. The company is recognized for its innovative technologies, including the industry’s first WiMAX Forum Certified CPE design, which facilitates the deployment of a variety of broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS. Wavesat’s technology is built on an intelligent, multimode 4G architecture that supports seamless migration to future 4G technologies like LTE. By offering highly integrated and power-efficient broadband solutions, Wavesat enables mobile device manufacturers to optimize investments, reduce development time and risks, and accelerate their time-to-market. The company combines superior technical support with cost-effective platforms that include both software and reference designs, making it a key partner for businesses aiming to stay ahead in the rapidly evolving broadband landscape.

Bluestreak Technology

Series C in 2006
Bluestreak Technology, Inc. is a Montreal-based company that specializes in designing and developing media applications for connected devices such as televisions, set-top boxes, smartphones, and tablets. Founded in 2002, Bluestreak offers a range of products, including the MachBlue platform, which enables over-the-top video services, and MachBlue Smart Runtime Classic, which allows the creation of interactive experiences from Adobe Flash applications. The company also provides MachBlue Studio, a testing environment for optimizing applications across various devices. Its clientele includes prominent names in the telecommunications and technology sectors, such as Alcatel, Ericsson, and Samsung. Bluestreak Technology operates as a subsidiary of Espial Group, Inc. and has additional offices in Sèvres, France, and Seoul, South Korea.

DFT Microsystems

Venture Round in 2006
DFT Microsystems delivers high throughput, comprehensive test solutions for a broad range of high-speed semiconductor device interfaces. The company's products dramatically reduce test costs and accelerate time-to-volume by leveraging DFT Microsystems' revolutionary signal processing algorithms and highly-integrated implementation technology. The company is positioned to become a leading supplier of compact high-speed serial test solutions for customers spanning the microelectronic device, board, and system industries.

Elliptic Technologies

Series A in 2005
Elliptic Technologies, established in 2001, specializes in supplying security software and semiconductor IP offload engines. The company offers embedded security services for various applications such as wired/wireless networking, digital media, home entertainment systems, and IoT sensor networks to vendors, device manufacturers, service providers, and content creators. Its team brings extensive experience from developing System-on-Chip designs at Chrysalis-ITS.

Bluestreak Technology

Series B in 2005
Bluestreak Technology, Inc. is a Montreal-based company that specializes in designing and developing media applications for connected devices such as televisions, set-top boxes, smartphones, and tablets. Founded in 2002, Bluestreak offers a range of products, including the MachBlue platform, which enables over-the-top video services, and MachBlue Smart Runtime Classic, which allows the creation of interactive experiences from Adobe Flash applications. The company also provides MachBlue Studio, a testing environment for optimizing applications across various devices. Its clientele includes prominent names in the telecommunications and technology sectors, such as Alcatel, Ericsson, and Samsung. Bluestreak Technology operates as a subsidiary of Espial Group, Inc. and has additional offices in Sèvres, France, and Seoul, South Korea.

Wavesat

Venture Round in 2004
Wavesat is a provider of advanced semiconductor solutions that cater to the needs of carrier and mobile device manufacturers focused on mobile broadband. The company is recognized for its innovative technologies, including the industry’s first WiMAX Forum Certified CPE design, which facilitates the deployment of a variety of broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS. Wavesat’s technology is built on an intelligent, multimode 4G architecture that supports seamless migration to future 4G technologies like LTE. By offering highly integrated and power-efficient broadband solutions, Wavesat enables mobile device manufacturers to optimize investments, reduce development time and risks, and accelerate their time-to-market. The company combines superior technical support with cost-effective platforms that include both software and reference designs, making it a key partner for businesses aiming to stay ahead in the rapidly evolving broadband landscape.

Goal Semiconductor

Series A in 2004
Goal Semiconductor is a fabless semiconductor company that designs and develops mixed-signal integrated circuits for the embedded data acquisition market. The company’s products include system-on-a-chip devices used in various applications. Its microcontrollers integrate peripherals into the chips, replacing additional components typically found on circuit boards. Goal Semiconductor offers VERSA MIX, VERSA1, VRS1000, VRS900, VERSA HV100 or 300, VRS540, and VRS700 microcontrollers with minor variations. In addition, the company provides integrated circuit design services such as analog and digital design, physical design and layout, test program development, automated wafer testing, device characterization, and package test. Goal Semiconductor is based in Montréal, Quebec.

Trigence Semiconductor

Series A in 2004
Trigence Semiconductor, Inc. is an audio integrated circuit design and solution provider based in Tokyo, Japan, with additional offices in the United States, Hong Kong, and Taiwan. Founded in 2006, the company specializes in high-quality audio technology, offering digital audio products such as Digital Speaker Modules, which include speakers, enclosures, connectors, audio DSPs, and interfaces aimed at simplifying audio functionality for PCs, tablets, and smartphones. Trigence's product portfolio serves a variety of applications, including computers, laptops, headsets, soundbars, and Bluetooth speakers. Their innovative audio systems utilize unique algorithms to enhance speaker response, delivering clear audio output while optimizing power consumption compared to traditional methods. The company distributes its products through a network of distributors, catering to both consumer and IT markets.

Atmos Corp.

Series A in 2001
ATMOS is a semiconductor memory company that focuses on creating embedded memory solutions for system-on-a-chip (SoC) applications. ATMOS offers silicon-proven memory cores to customers in the networking, wireless, graphics and imaging industries that require very large on-chip memory.

Tarian Software

Venture Round in 2001
Tarian Software develops the Tarian eRecordsEngine, an embedded electronic recordkeeping technology for business application software. Its technology allows business software vendors to build formal recordkeeping accountability into their software applications. The company was founded in 1999 and is based in Ottawa, Canada.

Metrowerks

Venture Round in 1999
Founded in Montreal, Canada in 1985, Metrowerks is headquartered in Austin, Texas. It designs, develops, markets, and supports professional software development tools used by programmers to create applications. The company's products cater to four major market segments: desktop Windows® and Macintosh®, embedded proprietary operating systems, real-time operating systems/Windows® CE, and Java technology.

Wavesat

Venture Round in 1997
Wavesat is a provider of advanced semiconductor solutions that cater to the needs of carrier and mobile device manufacturers focused on mobile broadband. The company is recognized for its innovative technologies, including the industry’s first WiMAX Forum Certified CPE design, which facilitates the deployment of a variety of broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS. Wavesat’s technology is built on an intelligent, multimode 4G architecture that supports seamless migration to future 4G technologies like LTE. By offering highly integrated and power-efficient broadband solutions, Wavesat enables mobile device manufacturers to optimize investments, reduce development time and risks, and accelerate their time-to-market. The company combines superior technical support with cost-effective platforms that include both software and reference designs, making it a key partner for businesses aiming to stay ahead in the rapidly evolving broadband landscape.
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