A University of Waterloo alumnus who is a successful venture capitalist and part owner of the NBA’s Golden State Warriors has donated $25 million towards Engineering 7, the University’s newest building that officially opened today.
Chamath Palihapitiya kept it light but heartfelt when he was announced today as the largest private donor to the new Engineering 7 (E7) building as hundreds of people gathered to celebrate its official opening.
A 1999 graduate of Waterloo Engineering who went on to tremendous success in business, Palihapitiya got a laugh when he joked via video clip about not being able to attend the event in person because an injury had forced him to fill in for the Golden State Warriors, the NBA basketball team he partly owns.
Thalmic Labs, a company founded by three Waterloo Engineering graduates, announced a series B raise of US $120 million today.
Leading the future of human-computer interaction with its Myo gesture control armband, the company has plans to further build out its workforce in Kitchener-Waterloo and San Francisco, and accelerate development of new technologies and products.
The investment was led by Intel Capital, the Amazon Alexa Fund and Fidelity Investments Canada.
The next big innovation to hit the marketplace could be among the Waterloo student projects on display at the annual Capstone Design symposia beginning March 16.
Senior-year engineering students at Waterloo will exhibit projects ranging from a technology that reduces agricultural water waste through intelligent irrigation systems to a device that may help people with Parkinson`s disease avoid falls.