Ericsson (NASDAQ:ERIC) has agreed to acquire 100 percent of the shares in CENX, boosting Ericsson’s Operations Support Systems (OSS) portfolio with vendor-agnostic service assurance and closed-loop automation capability. Ericsson has held a minority stake in CENX since 2012.
While trying to open his own ecommerce shop in January 2017, Saba Mohebpour (CEO) was reaching out to suppliers to get their products in his store with 20 percent of the profit going to him, and the rest to suppliers. The model, called dropshipping, provides advantages for ecommerce businesses that don’t want to take on the cost of shipping and housing inventory.
A glut of under-utilized real estate in office portfolios around the world has brought enormous customers such as Amazon and Starbucks to the door of Kanata-based Internet of Things firm Relogix. Now, these enterprises are joined by Mistral Venture Partners, Ottawa’s own venture capital fund, as it leads a $1.4-million investment in the local firm.
Toronto-based food ordering app Ritual has raised $90 million CAD ($70 million USD) in a Series C led by Georgian Partners. The round included participation from existing investors Greylock Partners, Insight Ventures, and Mistral Venture Partners.
CENX, a global leader in next generation service assurance software, today announces it has been selected by a leading Tier 1 Communication Service Provider (CSP) to serve as the single source of service assurance for wireless, wireline and cloud environments, facilitating a transition to full automation.
12th December 2017 — Jersey City, NJ — CENX, a global leader in next generation service assurance software, was named one of the fastest growing technology companies in the Deloitte 2017 North America Technology Fast 500 list.
Former Google Product Leads Tackle Local Commerce in Metro Markets, Raised $57.5 Million Total in Series A from Greylock Partners and Series B from Insight Ventures.
At FinovateFall in New York, Sensibill shared their vision for personalization in banking with a demonstration of their new data insights tool, Pulse. Sharing the stage with over 70 industry leaders, Sensibill’s cutting-edge technology earned the crowd’s favor and won the “Best of Show” award.
Stockpile, the startup brokerage that’s bringing fractional share investing to mainstream investors, has raised $30 million to continue its mission. The company received its latest cash injection from the Fidelity-backed Eight Roads Ventures, Mayfield, Arbor Ventures, Hanna Ventures, Wang Ventures, and others.
Ritual Technologies Inc., whose app allows restaurant customers to order ahead for takeout food, has raised $43.5 million in a new round led by Insight Venture Partners. The Series B will help the Toronto-based startup double its staff and make the app available in several major U.S. cities over the next year.
Montreal-based seed investor and incubator TandemLaunch has announced a partnership with Mistral Venture Partners. TandemLaunch focuses on gathering ideas and patents from universities in areas such as artificial intelligence, audio-visual processing, computer vision, smart sensors, and wireless systems.
In January, Mistral wrapped up initial fundraising for Mistral Venture Partners II, earmarked for financing early-stage information-technology companies. The close accounted for $26 million of a $35 million target, Managing Director Code Cubitt told PE Hub Canada. He expects the fund to reach its goal later this year.
CloudCheckr, the leading cloud management platform, announced today that it has raised $50 million in institutional funding from Level Equity. The funding round will augment an already profitable business that has tripled in each of the last three years.
When Klipfolio launched in 2001, the Ottawa-based startup was very different than it is today. As the internet gained mainstream use and became a source of news and entertainment for more people, the company targeted the everyday consumer and provided desktop dashboard widgets tracking things like the weather and news.