Latest news with #Waterloo-based
Miami Herald
23-04-2025
- Business
- Miami Herald
Waterloo Startup Axibo AI Secures $12M to Pioneer ‘Made in Canada' Humanoids
Made‑in‑Canada Robotics, Engineered in Waterloo, Designed for the World WATERLOO, ONTARIO / ACCESS Newswire / April 23, 2025 / Axibo Inc., a Waterloo-based robotics innovator celebrated for its groundbreaking 4D volumetric capture technologies and serving customers like Netflix and Apple, today announced a $12 million funding round. This investment includes $11 million from prominent external investors and an additional $1 million from Axibo's founders Anoop Gadhrri, Sohaib Al-Emara, and Reiner Schmidt, whose passion for robotics began back in 2019 with their university's first autonomous vehicle. The funding launches Axibo's ambitious new division dedicated to advanced humanoid robotics. With a track record of thousands of cinema robots delivered internationally, Axibo will now be leveraging Waterloo's exceptional AI, robotics, and precision engineering talent to spearhead advancements in humanoid robotics. "We see humanoid robots as the next major milestone in productivity since the Industrial Revolution," said Anoop Gadhrri, co-founder and CEO of Axibo. "Canada is exceptionally well-positioned with its talent and resources. Our commitment is to drive this forward, placing Canada prominently on the global robotics stage." Axibo is actively seeking visionary engineers passionate about developing unprecedented technologies and shaping the global future of humanoid robotics. Early team members will not only create groundbreaking prototypes but directly contribute to substantial societal advancements through robots engineered for safe and intelligent integration into healthcare, logistics, industrial automation, and personal assistance. By fostering an innovation-driven culture emphasizing rapid prototyping and autonomy, Axibo empowers its engineers to experiment freely and iterate swiftly. "We envision a future where every household benefits from humanoid robotics," Gadhrri emphasized. "Axibo's technology aims to significantly elevate productivity and everyday life across Canada and beyond." The company's immediate milestones include accelerating proprietary manufacturing processes, expanding its engineering and AI teams, and advancing capabilities in robot autonomy and dexterity. The new division's first robot prototype, temporarily code-named "T.E.B.", will debut in early 2026, demonstrating advanced agility and intelligence. If you're ready to build what's next in robotics, Axibo invites you to join the pioneering team positioning Canada at the global forefront of robotics innovation. To learn more or apply, visit Contact Information Anoop Gadhrri CEOanoop@ SOURCE: Axibo Inc. Related Images press release
CBC
08-04-2025
- Entertainment
- CBC
Former CBC Poetry Prize winner from Waterloo releases a new collection of poems
On top of being the youngest person to ever win the CBC poetry prize, Kyo Lee's work had also been recognized by several prestigious literary organizations like The RBC Bronwen Wallace Award, Prism International, New York Times, just to name a few. Now, at 18 years old, the Waterloo-based poet is releasing a new book called I Cut My Tongue on a Broken Country.
Yahoo
24-02-2025
- Business
- Yahoo
3 Magnificent Stocks That I'm 'Never' Selling
Written by Jitendra Parashar at The Motley Fool Canada As a long-term investor, I believe that holding onto high-quality growth stocks is the key to building lasting wealth. While markets fluctuate, some companies have strong fundamentals and long-term growth potential that make them worth holding indefinitely. In this article, I'll reveal three Canadian growth stocks that I already own — and have no plans to sell anytime soon. These companies have proven their ability to generate outstanding returns, and I believe they could continue delivering massive upside in the years to come. The first stock that I've decided to hold onto for the long haul is Aritzia (TSX: ATZ). This Vancouver-based fashion retailer has built a strong reputation for its clothing across North America, with a mix of stylish and high-quality apparel. ATZ stock is currently trading at $66.41 per share, giving it a market cap of $7.6 billion. Over the past year, Aritzia stock has surged 86%, reflecting its strong business momentum. In its latest quarter ended November 2024, Aritzia's sales jumped 11.5% YoY (year over year) to $728.7 million, with its U.S. sales skyrocketing 24%. With the company's continued focus on flagship store openings, improving its e-commerce platform, and maintaining a loyal customer base, Aritzia has everything in place for long-term growth, making it a stock I'm 'never' selling. BlackBerry (TSX:BB) is another stock that I have no plans to part with. This Waterloo-based tech firm mainly focuses on helping businesses and governments secure their data and power intelligent systems worldwide. BB stock is currently trading at $7.47 per share with a market cap of $4.4 billion. Its stock has had a solid run, surging 105% over the past year. Digging into its latest earnings, BlackBerry's revenue came in at US$162 million in the November quarter, with its IoT (Internet of Things) business climbing 13% sequentially and cybersecurity revenue up 7%. More importantly, it returned to positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) and reported an adjusted net profit of US$12 million, reflecting a huge improvement from past losses. Meanwhile, BlackBerry is doubling down on its software-defined vehicle technology. It also recently struck a deal to sell its Cylance cybersecurity business unit to Arctic Wolf, which could streamline its operations and boost profitability. And finally, there's Shopify (TSX:SHOP), the Ottawa-based e-commerce giant that powers millions of online businesses globally. After jumping by 61% over the last year, SHOP stock currently trades at $164.48 per share with a $213 billion market cap. In the fourth quarter of 2024, Shopify's total revenue climbed 31% YoY to US$2.81 billion, marking its seventh straight quarter of over 25% adjusted revenue growth. Similarly, SHOP's free cash flow surged to a 22% margin, showing that the company is not just growing but also becoming more profitable. What really makes me confident about Shopify's future is its continued global expansion, increasing adoption of Shop Pay, and its dominance in the U.S. e-commerce market, where it holds over 12% market share. With its focus on constant innovation, Shopify has all the ingredients of a growth stock worth holding onto for the long run. The post 3 Magnificent Stocks That I'm 'Never' Selling appeared first on The Motley Fool Canada. Before you buy stock in Aritzia, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Aritzia wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,058.57!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 38 percentage points since 2013*. See the Top Stocks * Returns as of 2/20/25 More reading 10 Stocks Every Canadian Should Own in 2024 [PREMIUM PICKS] It's Time to Buy: 1 Canadian Stock That Hasn't Been This Cheap in Years Where to Invest Your $7,000 TFSA Contribution 3 No-Brainer TSX Stocks to Buy With $300 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has positions in Aritzia, BlackBerry, and Shopify. The Motley Fool has positions in and recommends Aritzia and Shopify. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
