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.
Three of the top research-intensive and industrially collaborative universities in Ontario – McMaster University, University of Waterloo and Western University – received $35 million in funding over five years from the Government of Ontario today as part of a $50 million project aimed at combining existing strengths in the heart of Ontario’s manufacturing region to create an Advanced Manufacturing Consortium.
Intellijoint Surgical Inc., a medical technology company co-founded by Waterloo Engineering graduates, announced today that it has been given US Food and Drug Administration clearance for the next generation of intellijoint HIP™ - the company's flagship product initially developed as a