Four companies founded by graduates of Waterloo Engineering were named this week to a prestigious list of the fastest-growing technology businesses in Canada.
Announced annually by professional services firm Deloitte Canada, the Technology Fast 50 program “recognizes the world-class achievements of Canada’s top technology companies, highlighting their resilience, entrepreneurial spirit and commitment to innovation.”
Waterloo Engineering alumni companies that made the grade for 2025 in the Technology Fast 50 category, which ranks the country’s fastest-growing technology companies over a four-year period, were Tailscale and Brickeye, both based in Toronto.
Tailscale, which was founded by David Carney (BASc ’01, computer engineering) and Avery Pennarun (BASc ’01, computer engineering), ranked 14th with growth of 3,299 per cent.
Brickeye, which was founded by Richard Liang (BASc ’12, mechatronics engineering; MASc 14’, mechanical engineering), Hamid Alemohammad (PhD ’10, mechanical engineering) and Amir Azhari (PhD ’17, mechanical engineering), recorded growth of 595 per cent to take the 42nd spot.
In the Enterprise-Industry Leaders category for the fastest-growing enterprise-level technology, media and telecommunications companies over four years, Kitchener-based Miovision ranked seventh and Propel Holdings of Toronto ranked 10th.
Miovision, which was founded by Kurtis McBride (BASc ’04, systems design engineering; MASc ’08, systems design engineering) Tony Brijpaul (BASc ’04, systems design engineering) and Kevin Madill (BASc ’05, systems design engineering), grew 307 per cent.
Propel, which was founded by Noah Buchman (MBET ’09, business, entrepreneurship and technology), recorded growth of 279 per cent.
“With representation across the country these companies are fueling a new wave of growth that will position Canada as a global force in technology and innovation,” Brendan Cooper, national co-leader of the Technology Fast 50 program, said in a media release.