Here are some of the top Edmonton startups to watch out for in 2019, they have become notable owing to the investments they have attracted in the year 2017 and 2018.
Canada is a growing startup country, and Edmonton is emerging as an important city with ample potentials for startups to grow and thrive in the country. Edmonton-based startups enjoy an array of benefits from the government that have been introduced to help the city develop as an important startup hub.
The city was featured in the top 50 startup ecosystem in the Global Startup Ecosystem Report 2018 and has seen the tech sector grow impressively. Several of the top startups from Edmonton participated in funding activities this year and have piqued the interests of the various startup players in the city and have become the top Edmonton startups to watch out for in 2019.
Here Are The Top Startups from Edmonton to Watch out for in 2019
Testfire Labs is the first company in our list of top Edmonton startups to watch out for in 2019 owing to its unparalleled growth. The company has garnered a lot of attention for its outstanding and innovative ideas. Testfire Labs is an artificial intelligence software solutions company that was founded by Dave Damer in 2017. Hendrix.ai, its flagship AI software, has already made headlines and is piquing investors interest. The Edmonton based startup has completed three rounds of investments so far. The National Research Council of Canada and Accelerate Fund are two prominent investors in this top Edmonton-based startup.
Serious Labs is one of top Edmonton startups to watch out for in 2019 in the VR based sector. The startup has been showing good progress in terms of its customer base and increase in investments in the past two years. The company offers VR based learning and training solutions making the process of training the workforce more advanced and efficient. This Edmonton based startup was founded in 2005 and has raised $6.4 million in its Series A round of funding which was led by United Rentals and Brick and Mortar Ventures. The company was in the spotlight this year also for the new product development contract it got which are valued at over $4 million.
A subsidiary of Quest Pharmatech, OncoQuest is leading Edmonton-based startup in the biotech sector. The company came into existence in 2015 and was founded by Hany Awadalla. This top startup from Edmonton has paved the way for effective treatment of cancer with its novel biopharmaceutical products. OncoQuest has secured $7.5 million from its first-ever round of funding from an undisclosed South Korean investor in 2018. The biotech startup finds itself in the list of top Edmonton startups to watch out for in 2019 owing to its groundbreaking efforts in bringing about new immunotherapy approaches that can be highly beneficial in treating cancer apart from conventional approaches.
Edmonton-based startup Cultovo was founded in 2016 by Brodie Houlette and Zachary Fritze.? It is an emerging agtech startup that caters to crop insurance companies.? One of the top startups in Edmonton, Cultovo, offers crop intelligence to its clients to help them gauge the right claim amount for each farmer and to ensure that there is no overpayment in any of the claims raised. The analytics information provided by this leading agtech startup? is 90% -91% accurate, owing to which the company’s client base is growing steadily. The startup’s unique services have helped it secure ample funding from prominent investors.
Nanostics is one of the emerging Edmonton based startups that is expected to bring in the heat in 2019. The startup was born in 2017 and is spearheading the development and commercialisation of novel non-invasive methods for cancer. The startup groundbreaking approach has made it one of the top Edmonton startups to watch out for in 2019. Nanostics was founded by Robert Paproski, Desmond Pink, Catalina Vasquez, and John Lewis. This top startup from Edmonton is expected to bring in revenue of $100 million in the next five years and has raised an impressive yet undisclosed amount in 2018 from VA Angels.
The startup ecosystem of Edmonton is still in a growing space and has the potential to host several more startups. The number of startups in Edmonton is steadily increasing as more and more entrepreneurs move to the city for its untapped startup potential.
Copyright All Rights Reserved ? HexGn | Please do not copy or use without written permission | www.hexgn.com