A technology company based in Kelowna this month trimmed its workforce by up to 10%, local newspapers reported over the weekend. The round of layoffs at the electronic medical records platform, founded in 2004 and acquired by Loblaws through Shoppers Drug Mart in 2016 for $170 million, impacted dozens of staff. “Although this a relatively […]
News
ClioCon 2024: Clio Showcases AI Integration and Reports Soaring AI Adoption in Law Firms
Local centaur Clio, the world’s leading provider of cloud-based legal technology, opened its annual Clio Cloud Conference (ClioCon) this morning in Austin, Texas, to a sold-out crowd. That centaur designation was earned by Clio reaching $100 million of annual recurring revenue. Co-founder and CEO Jack Newton kicked off the 12th annual event with an engaging […]
TIA Finalist Oxygen8 Solutions Innovates Interior Airflow with Cleantech System for Buildings
For many, Covid-19 brought to top of mind the importance of proper ventilation and access to healthy air. For Oyxgen8, the timing of the pandemic was helpful. Founded in 2019, mere months before the virus broke out in Wuhan, Vancouver upstart Oxygen8 is in the business of innovating how buildings manage air and flow. “Indoor […]
Global Semiconductor Firm Taps Plurilock to Overhaul Cybersecurity System
A local cybersecurity services and solutions provider this week announced a major contract. Vancouver’s Plurilock Security, which provides cybersecurity solutions to the United States and Canadian federal governments alongside Global 2000 companies, says the record US$19 million contract is with a semiconductor firm on the S&P 500 index—a key player in global supply chains. “Being […]
KOHO Blazes Own Trail as Fintech CEO Cultivates a Remote Work Culture
After raising substantial financing in 2022, things went south for Koho. That year, Koho was recognized by Team True North, representing fintechs as one of Canada’s most promising growth companies. But 2023 saw layoffs and a lack of profitability. Resilience has been a crucial component of any company that has endured the global market turbulence of the past […]
General Fusion’s Vision for a Trillion-Dollar Future Begins in B.C.
General Fusion’s Greg Twinney presented a bold vision at the Energy Disruptors: UNITE 2024 conference in Calgary this week, outlining how fusion energy has the potential to transform the world’s energy landscape, bringing clean, scalable, and abundant power to the grid by the mid-2030s. The CEO of the Richmond, B.C.-based fusion power leadershared the progress and […]
Demystifying AI: How BC Tech Members Are Finding Real-World Applications for AI
In a 2023 paper McKinsey estimated that 75% of the overall economic impact from generative AI would come in 4 areas: customer operations, marketing and sales, software engineering, and research and development. But for many companies it is hard to know where to start. At a recent event BC Took took a poll of members […]
Marine Industry is ‘Ripe for Innovation’ as VoltSafe Returns to FrontFundr
VoltSafe announced this week that it has launched a strategic equity crowdfunding campaign. The crowdfunding campaign, launched through online private markets investing platform FrontFundr, aims to raise incremental capital to accelerate VoltSafe’s trajectory and drive the company towards licensing and commercialization goals, according to chief executive officer Trevor Burgess. “Investing in VoltSafe through our FrontFundr […]
B.C. Fintech VoPay Shifts Focus to Insurance Industry with Latest Launch
VoPay this week launched a new vertical targeting the insurance industry. The Vancouver-based financial technology company now provides a platform that simplifies the complexities of embedding financial services into insurance platforms. VoPay’s API enables companies to integrate payment capabilities, manage risk, ensure compliance, and scale without the need to build and maintain infrastructure. With a […]
Apera Innovates Intelligence for Robotics, Bringing ‘4D Vision’ to Automated Manufacturing
A Vancouver company advancing intelligence in robotics is competing for “Company of the Year – Growth” at this year’s Technology Impact Awards powered by the BC Tech Association. Apera AI was founded in 2017 by Sina Afrooze and Armin Khatoonabadi. Afrooze, who serves his company as chief executive officer, is an expert in the deep […]