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28.06.19

C2RO Raises $2.25 M Financing to Commercialize Portfolio of Enterprise Grade Cloud A.I. Services

Montreal (Quebec) June 27, 2019 – Montreal-based C2RO today announced that it has secured CAD$2.25 Million in new financing in a round led by Fonds Innovexport, with participation from GCI Capital Inc., Harbor Street Ventures, Tandemlaunch, Ministere de Economie et L’Innovation, and several angel investors in Canada, the U.S. and Europe. The funds will be used to accelerate the commercialization of C2RO’s powerful enterprise grade cloud A.I. services.  “We led the investment in C2RO because it has an excellent execution team, a significantly expanding Tier1 customer base, and a formidable technology position in the field of real-time machine vision A.I.,” said Richard Bordeleau, President at Fonds Innovexport. “C2RO will have a tremendous impact on the industry and we want to support them through this journey.” In June of 2018, the company introduced C2RO EngageTM, the world’s first real-time cloud based facial recognition platform. In March of 2019, C2RO augmented it’s A.I. services portfolio with PerceiveTM, a state of the art fully anonymous customer journey analysis platform and demographic classification system. EngageTM and PerceiveTM are the two key ingredients to enabling the transformation cycle that is taking place in the retail and commercial real estate industries toward highly personalized and data driven interactive smart environments. C2RO’s product offerings are fully compliant with the most stringent privacy regulations, including the EU’s General Data Protection Regulations (GDPR).  “We welcome the support of our new and existing shareholders, which will allow us to expand our current customer deployments and pursue new and exciting opportunities for our portfolio of A.I. products both here in North America and abroad,” added Riccardo Badalone, President & CEO of C2RO. “I’m am incredibly excited about our EngageTM and PerceiveTM products, which are proving themselves in the field and are allowing us to assist an increasing number of early adopters with their digital transformation objectives.” According to Market and Markets, the global market for A.I. analytics solutions in retail and commercial real estate will exceed $5B USD by 2022 and is growing at a stunning 40% CAGR. The growth is being fueled by global retail and commercial real estate brands that are blending digital and physical assets to provide consumers with increasingly frictionless and highly personalized experiences.         About C2RO Inc.C2RO is a Montreal based high-tech software start-up that was incubated at Tandemlaunch Inc. in 2016 and has developed a proprietary universal machine vision A.I. platform for the enterprise market. The company has introduced a portfolio of products (EngageTM and PerceiveTM) which leverage the power of the cloud while providing state-of-the-art real-time performance and precision. C2RO products are enabling the digital transformation of physical retail and commercial real estate towards a more personalized and frictionless experience for their customers. C2RO’s product offerings are fully compliant with the most stringent privacy regulations, including the EU’s General Data Protection Regulations (GDPR).www.c2ro.com   About Fonds InnovExportFonds Innovexport is an early-stage venture capital firm that supports the development of Quebec-based innovators seeking growth in international markets. Based in Quebec City, Innovexport is partnering with twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins - Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN. They all work together to support the establishment of innovative companies with the potential of becoming global leaders.www.fondsinnovexport.com      About GCi CapitalGCI Ventures Ltd. is a Toronto, Ontario based Investment Company investing in a wide range of industries including private green and clean technology, consumer products, IT, life sciences, among others. GCI's participation includes direct investment into companies via equity and convertible notes, as well as in global expansion through licensing and distribution joint ventures.www.gciventures.com  About Harbor Street VenturesHarbor Street Ventures is a Chicago-based venture investment firm. Harbor Street Ventures was founded by Steve Komie and David Shulman, both with deep technology backgrounds in algorithmic trading and artificial intelligence.www.harborstreetventures.com  About TandemLaunchTandemLaunch is a seed investor and incubator focused on creating early-stage technology start-ups in collaboration with global universities and world-class entrepreneurs. www.tandemlaunch.com 

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22.05.19

TDK cooperates with Boréas on smart haptic solutions

TDK Corporation (TSE:6762) announces that its subsidiary TDK Electronics has signed a cooperation agreement with Boréas Technologies Inc., developer of ultra-low-power haptic technologies, in order to accelerate the adoption of piezo haptic solutions in a broad range of applications. Under the agreement, the partners will jointly design and market advanced touch response solutions using TDK’s PowerHap™ and PiezoHapt™ families of piezo actuators for haptic feedback combined with Boréas’ piezo haptic driver technology.In particular, TDK and Boréas will develop demonstrators for haptic effects and drivers for high-definition piezo haptic systems and market these solutions on a global scale. This will enable customers to implement advanced haptic solutions with the world’s highest performance actuators in a broad spectrum of applications that includes smartphones and tablets, automotive displays and controls, wearables, gaming consoles, industrial equipment, medical devices, and many more.One of the most important areas will be mobile applications. Thus far, piezo haptic solutions are not widespread in these applications because of the high power consumption and large size of piezo drivers. Now, solutions based on TDK and Boréas technologies are removing the barriers for the adoption of advanced piezo haptic technology and the creation of the next generation of user interfaces.“Our partnership with Boréas Technologies is a further step to expand our market reach to customers, who are looking for technological superior haptic solutions,” explains Dr. Georg Kuegerl, CTO of the TDK Piezo & Protection Devices Business Group. “In particular, they will benefit from Boréas’ expert design of drivers for our wide range of piezo actuators.”“Cooperating with TDK enables us to access their extensive sales and marketing network to accelerate the adoption of piezo haptics globally,” says Simon Chaput, Boréas Technologies’ CEO. “Furthermore, this cooperation will enable faster time to market for our customers by reducing the amount of engineering required to implement a piezo haptic solution using Boréas’ driver ICs with TDK’s piezo actuators.”Boréas Technologies has developed the BOS1901 using its patented CapDriveTM technology. The miniature power-efficient piezo driver IC also features advanced sensing functionality and thus is a perfect fit for PowerHap actuators with an operating voltage of up to 60 V. This driver is now also available in a TDK evaluation kit that can be used by designers to develop high-performance touch response solutions. As a next step, Boréas will develop the first low-power piezo driver IC for the larger members of the PowerHap family with maximum drive voltages of 120 V. With the two driver ICs customers will be able to create solutions drawing from the entire PowerHap portfolio.TDK’s PowerHap piezo actuators deliver unrivalled performance in terms of acceleration, force and response time and thus offer an unprecedented quality of haptic feedback. The PowerHap product spectrum includes new miniaturized types with dimensions of as small as 9 x 3.75 x 1.4 mm (0904H014V060) and a maximum operating voltage of 60 V. At the other end of the PowerHap product spectrum, a new actuator (6005H090V120) is now in development with dimensions of 60 x 5.0 x 9.0 mm and a maximum operating voltage of 120 V. PiezoHapt™ actuators feature a very short response time and a low drive voltage of 12 V or 24 V, depending on the type. They have a unimorph design consisting of a multilayer piezo element bonded to one side of a vibration plate. With a thickness of just 0.35 mm the new haptic actuator is one of the world’s thinnest haptic devices.

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20.03.19

AEPONYX closes CAD 7.9 million financing round

Montreal, Canada – March 14th, 2019– AEPONYX, the world’s emerging leader in micro optical switches, today announced the closing of its Series A financing of CAD 7.9 million. Led by Pangaea Ventures, the world leader in advanced materials venture capital, the CAD 7.9 million financing includes current investors Fonds InnovExport and Ecofuel Fund, as well as private investors. This funding enables AEPONYX to ramp up commercial production of its revolutionary planar micro optical switch chips based on a unique proprietary platform combining silicon photonics with Micro-Electro-Mechanical-Systems (MEMS).The funding, aggregated to previous investments, in-kind contributions of California-based incubator Silicon Catalyst and to non-dilutive government financing, now reaches CAD 18 million.“With the support of round leader Pangaea and previous investors, we can now accelerate the commercialization of technology driving energy efficient innovation and positive environmental impact”, says Philippe Babin, CEO of AEPONYX. “This funding, combined with the deep expertise of our partners, pave the way for us to redefine switching technology for next-generation fibre optic telecommunications access networks, datacenters, and 5G mobile networks which, combined, represent a multibillion-dollar opportunity.”“The world’s large-scale telecommunications networks need to substantially increase their capacity, while at the same time, reducing energy consumption and cost”, said Purnesh Seegopaul, General Partner of Pangaea Ventures. “We expect that AEPONYX’s MEMS and silicon photonics-based micro optical switches to revolutionize fiber optic communications and to accelerate the transition to the new, faster and more efficient global NG-PON2 standard.” About AEPONYX Inc.AEPONYX is a micro optical switch leader designing and marketing chips for fiber optic access to the cloud. With its patented technologies, combining planar Micro-Electro-Mechanical-Systems (MEMS) and Silicon Photonics, AEPONYX builds the fastest, most affordable and smallest micro optical switches for tunable transceivers and optical circuit switches. AEPONYX is an alumnus of Silicon Catalyst, the world’s first incubator focused exclusively on semiconductors based in California. For more information, visit: www.aeponyx.com.About Pangaea Ventures, Ltd.Pangaea Ventures is the world leader in advanced materials venture capital. Established in 2001, Pangaea has an outstanding portfolio addressing multi-billion-dollar markets in energy, electronics, health, and sustainability. Pangaea’s funds include twenty-four world-leading multinationals as strategic limited partners, including Asahi Glass, Asahi Kasei, BASF, Bekaert, Castrol/BP, CoorsTek, Doosan, Evonik, Henkel, JSR Corporation, Lam Research, Mitsubishi Chemical, Murata, Nitto Denko, PTT Global Chemical, SABIC, Samsung, Sekisui Chemical, Severstal, Solvay, TOSOH, Toyota Tsusho, and Umicore. For more information visit www.pangaeaventures.com. Media Contact:Philippe Babin, CEO, AEPONYXPhilippe.Babin@aeponyx.comP: +1 (514) 360-7746

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19.12.18

LynX Inspection ready to hit the Industry 4.0 market

QUÉBEC CITY, DECEMBER 19, 2018 –LynX Inspection, a company that offers innovative inspection solutions for the industrial sector, is proud to have successfully completed its first round of financing. Over $1 million was raised thanks to the support of Anges Québec’s members, its sidecar investment fund Anges Québec Capital, Fonds Innovexport and ACET Capital. “This first round of financing is an important step in the company’s development, letting us move from R&D to the market,” said Luc Perron, President and CEO of LynX Inspection. “This capital is the stepping stone we need to prove ourselves by meeting the expectations of our first clients. We’ll also get our name out there on the international stage.” By combining three-dimensional analysis and X-ray imaging, LynX Inspection can analyze the internal and external structure of precision parts and detect defects much more quickly and at a significantly lower cost than tomography. The main applications are for moulded and engineered parts and components produced through additive manufacturing.A fast and cost-effective technology·         Target markets: automotive, aerospace, defence·         Size of pieces: 2 to 40 cm·         Cost of inspection: 5 to 10 times less expensive than traditional radiographic solutions·         Scanning, detection and imaging in under 5 minutes·         Results of 3D inspection 10 to 20 times faster than tomography ·         Automation allows for a less specialized workforce“LynX has a technology that integrates seamlessly with Industry 4.0, allowing the company to jump straight to international markets. We’ve watched this young company evolve within the INO centre of expertise in Québec City and as part of the oN DuTy! university research initiative. We’re extremely confident in its potential,” said Philippe Ducharme, angel investor with Anges Québec.   “We believe that LynX’s patent-pending technology will be able to meet the needs of industrial clients for integral, non-destructive and systematic quality control in a variety of manufacturing sectors,” emphasized Richard Bordeleau, President of Fonds Innovexport.A promising futureRecently, LynX has already hired three new employees to help bring its innovations to market. Representatives from the company will be travelling overseas next spring to give presentations and demonstrate the technology’s full potential. According to Luc Perron, President and CEO of LynX Inspection, “We’ve made a great deal of progress over the past two years to transform a simple concept into a viable inspection solution for manufacturers and companies specializing in non-destructive testing, or NDT. Our predictive 3D radiography technology fills numerous gaps in current solutions for the automotive, aerospace and defence sectors. We’ve already generated keen interest from key players in the industry.” “ACET Capital believes that LynX Inspection is offering a powerful and innovative technological solution adapted to Industry 4.0,” said Roger Noël, President of ACET Capital, the investment fund for ACET, a Sherbrooke-based accelerator for tech companies. “We’re very proud to lend our support as investors and advisors to this Québec tech firm so they can continue to innovate and build their reputation on the international market.” About LynX InspectionLynX Inspection is a young high-tech company based in Québec City that develops innovative inspection solutions for the industrial sector based primarily on three-dimensional analysis and X-ray imaging.About Anges Québec and Anges Québec Capital Anges Québec is a network of over 230 angel investors whose mission it is to invest financially and personally in innovative Québec companies. Anges Québec members have already invested no less than $75 million in the Québec economy through over 200 investments in more than 100 groundbreaking companies. In 2012, Anges Québec launched Anges Québec Capital, a sidecar investment fund of over $86 million to coinvest along with the network’s members. Anges Québec Capital is supported by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec and the members of Anges Québec.About Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Québec-based innovators seeking growth in international markets. Based in Québec City, Innovexport has partnerships with twenty-five experienced entrepreneurs, as well as the Gouvernement du Québec, represented by Investissement Québec, Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins – Innovatech, Fonds de solidarité FTQ, and Fondaction CSN. Innovexport also receives financial support from Québec City’s economic development strategy. All of these parties work together to support the growth of innovative companies with the potential of becoming global leaders.About ACET CapitalACET Capital is a venture capital investment fund providing private capital to selected companies that are ready to go to market or have just begun the process. These companies receive support during their first round of financing to help maximize their chances of success.For further information:Chu Anh PhamSenior AdvisorTact Intelligence-conseilOffice: 514 667-0196 x414    Mobile: 514-213-6163capham@tactconseil.caSource: LynX InspectionAnges Québec   

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08.11.18

Aerial Technologies Raises $3M US Additional Funding Led by Intel Capital to Boost Functionality Offering and Patent Portfolio

Montreal, November 8, 2018 (GlobeNewswire) – Aerial Technologies, the pioneer in wireless motion analytics powered by AI, today announced $3 million US additional capital investment led by Intel Capital, with follow-on investments from Fonds Innovexport, Kibo Ventures, and Telefónica Open Innovation. The growing list of both strategic investors and venture capital companies illustrates Aerial’s momentum in the smart home, security, home care/healthcare, energy management, and hospitality industries.This capital will be used to accelerate the addition of new functionalities requested by the market and to further advance Aerial’s IP portfolio. Aerial is actively recruiting new talents for its Engineering, R&D, and Operations teams based in Montreal, one of Canada’s hubs for artificial intelligence research and development. Aerial is also hiring in sales and customer support to expand its global reach.“I am both excited and delighted that Intel Capital has become a strategic investor in Aerial. We are looking forward to work closely with Intel and our existing investors on our quest to enable Aerial smart motion everywhere there is WiFi,” says David Grant, Aerial’s CEO.“Applications for artificial intelligence continue to accelerate innovation across industries, including the field of wireless communications,” said David P. Ryan, General manager of Health & Life Sciences Sector, Internet of Things at Intel. “AI can discover deeper insights from data and the versatile capability of Aerial’s wireless technology is well positioned to drive intelligence at the IoT edge.”About Intel Capital Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US $12.3 billion in 1,544 companies worldwide, and more than 660 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.About Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Quebec-based innovators seeking growth in international markets. Based in Quebec City, Innovexport is partnering with twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins - Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN.  Innovexport also receives financial support from the Economic Development Strategy of the City of Quebec. They all work together to support the growth of innovative companies with the potential of becoming global leaders.www.fondsinnovexport.comAbout Kibo VenturesKibo Ventures, based in Madrid, Spain, is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures invests in teams with global ambition, unique technologies and scalable business models. Kibo Ventures manages $130 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña, FondICO and CaixaBank. Kibo Ventures has invested in over 50 companies in Europe, the Americas and Spain, including Flywire, Carto, Job and Talent, and WorldSensing, and has co-invested with many of the largest US and European VC Funds. www.kiboventures.comAbout Telefónica Open InnovationTelefónica Open Innovation is Telefonica’s global area designed to connect entrepreneurs, startups, investors and public and private partners around the world to capture innovation and business opportunities. The programme incorporates all of Telefónica Group’s open innovation, entrepreneurship and investment initiatives through over 50 spaces and different investment vehicles. To date, over 800 startups have been invested. Telefónica Open Innovation is present in 16 countries. https://www.telefonica.com/es/web/innovation/telefonica-innovacion-abiertaAbout Aerial TechnologiesAerial provides ISPs and MSOs, healthcare players, security systems integrators, and smart object manufacturers with a unique cloud-based, low-cost solution that leverages existing wireless infrastructure and machine learning to give context, meaning and value to motion. Aerial’s passive and contextual solutions do not require users to interact with them, they recognize users and background. With our Wi-Fi motion analytics SaaS, customers have access to new revenue streams with a minimum investment. Our customers also gain from accessing end-user actionable data to help them make better business decisions. We aim at becoming the wireless standard for smart motion detection through continuous innovation, passion, simplicity and inventiveness for the smart home, home care, security, healthcare and targeted media applications. Aerial’s headquarters is based in Canada; we also operate from two regional offices in the USA and in Europe. For more information about how Aerial is making IoT more human, visit www.aerial.ai.Media contactAerial TechnologiesPatrice Belmonte – Marketing, Communications, PRpatrice.belmonte@aerial.ai

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18.09.18

Vygon Group acquires 20 per cent of Canadian OxyNov

Québec City, Canada, September 17, 2018 - Vygon, a group specializing in single-use medical devices, today announces that it has acquired a 20% stake in OxyNov, a young Canadian company specializing in innovative oxygen therapy and respiratory assistance medical devices. The financial terms of the transaction, in which Desjardins-Innovatech and other private investors in Quebec also participated, were not disclosed. The French group decided to invest in this promising company because of the booming oxygen therapy sector. Oxygen therapy products have hardly evolved since their appearance 100 years ago. The lack of automatization does not allow to fully respect recommended daily O2 input and carries risks related to complications such as hyperoxia (excess oxygen supply) and hypoxemia (decrease in the amount of O2 in the blood). Founded in 2009, Oxynov launched FreeO2, a medical device CE marked in May 2017. It allows automated oxygen titration and weaning. FreeO2 automatically and continuously adjusts the flow of oxygen delivered to the patient based on a clinician-defined target for oxygen saturation (SpO2) and patient needs. Together with this participation, Vygon and OxyNov also signed a distribution agreement for FreeO2. The Canadian company’s flagship product will complement Vygon’s respiratory range, in particular the CPAP device. FreeO2 will be distributed under the OxyNov’s brand name in a number of European countries (Scandinavia, Benelux, Italy, ...), some Asian countries and Africa. "We are delighted with this participation in OxyNov, which is part of our international development strategy," said Stéphane Regnault, chairman of the executive board of Vygon. "The FreeO2 solution complements Vygon's offering in the respiratory range and will enable us to remain at the forefront of technological developments in this field." "We are very proud to have entered into this strategic partnership with Vygon," said Jean-Luc Balzer, chief executive officer of OxyNov. "It gives OxyNov the means to open new markets for FreeO2, including the US in 2019, and to continue the development of a range of other very innovative products which complement it." About Oxynov OxyNov is a young Canadian company focused on clinical innovation and specialized in the design and commercialization of innovative medical devices in the field of oxygen therapy and respiratory support. OxyNov was founded in 2009 by two medical researchers, Pr. Erwan L'Her (head of the medical critical care department and INSERM researcher at the University Hospital in Brest) and François Lellouche (critical care physician and researcher at IUCPQ), based on a clinical research project aimed at the development of a device to automate the administration of oxygen therapy (FreeO2) and to improve the implementation of this treatment on a daily basis. OxyNov was initially established at the University Institute of Cardiology and Pneumology of Quebec with the support of all the pulmonologists. www.oxynov.com About Vygon Group Vygon designs, manufactures and markets high-tech single-use medical devices for healthcare professionals in hospital and for private and independent practitioners. Vygon is a world leader within this industry, offering a wide range of products in a number of clinical specialties. Organized in five business units (Intensive Care – Neonatology, Enteral & Obstetrics – Intravascular Therapies – Cardiovascular & Surgery – Anesthesia & Emergency), Vygon combines local and international in-depth expertise and know-how in each individual field. With expertise right along the value chain, from product design to the delivery of training for medical personnel, Vygon provides health care professionals with effective and innovative products tailored to their needs and those of their patients, for optimum use and safety. The company distributes over 205 million products a year in more than 120 countries through its network of 27 subsidiaries and 331 distributors. Vygon products display the CE and/or FDA mark and are manufactured in the group’s eight factories in Europe, the USA and Colombia. A family company founded in 1962, Vygon is based in Ecouen, in France’s Greater Paris region. It is a mid-sized business employing 2,350 staff worldwide. The turnover in 2017 was €310 million ($362M), with 81% of this derived from Vygon’s international business. www.vygon.com Media contacts and analysts Andrew Lloyd & Associates Agnes Stephens / Kübra Somuncu agnes@ala.com / kubra@ala.com Tel: +44 1273 675 100 @ALA_Group

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08.08.18

AlayaCare Raises $13.8 Million in Series B Funding Led by inovia capital

Toronto, August 7, 2018 – AlayaCare, the leading cloud-based software for home and community care providers, announced today a Series B investment of $13.8 million led by inovia capital. Chrysalis is joining the round, and existing investors, including Fonds Innovexport, are participating in the financing. The financing will be used to fund AlayaCare’s continued expansion with a focus on the US market, and further investment in its proprietary technology platform. inovia capital Principal Magaly Charbonneau will join AlayaCare’s board of directors. “We’re passionate about helping our clients deliver better patient outcomes and this funding means we can accelerate through our roadmap and evolve our product more rapidly,” said Adrian Schauer, CEO, AlayaCare. “Continuing to invest in AI, machine learning capabilities and optimization science is a priority as our increasingly robust platform means clients can lower their operating costs while improving their ability to provide care, detect adverse effects and help reduce hospital readmissions.” “We share Adrian and AlayaCare’s vision to fundamentally improve the way home and community care services are provided by better leveraging technology,” said Charbonneau. “AlayaCare gives its clients the ability to make more informed, data-driven decisions, and its understanding of the marketplace, paired with deep client relationships, will drive continued growth and success.” “We partner with leading entrepreneurs to build great businesses and believe Adrian and his team have the talent and sector knowledge to be a major player in homecare in the US as well as expand its client base internationally,” said Wright Steenrod, Partner, Chrysalis. “We recognized early on that AlayaCare had all the right ingredients to become a leader in the home and community care sector,” said Serge Lavergne, Vice-President at Fonds Innovexport. “The team has exceeded all of our expectations and thus we are delighted to be further extending our support to this outstanding company.”AlayaCare helps its clients capitalize on the shift to home-based care for the growing population of older adults in several markets globally. Home health organizations look to AlayaCare to help create capacity within their organization, and its platform provides key business insights that clients can use to increase efficiencies and better deploy resources. The software suite includes scheduling, time reporting, clinical documentation, remote patient monitoring and mobile, billing, and web apps specifically for patients, family members, and care workers.Since its launch, AlayaCare has experienced double-digit monthly growth, expanded its operations in the US, Canada, and Australia and now employs over a 100+ staff. About AlayaCareAlayaCare’s unique platform includes Back Office, Client and Family Portals, Remote Patient Monitoring, Telehealth, and Mobile Care Worker functionality in one integrated and highly robust and secure cloud-based system. AlayaCare is providing the platform for Home Health Care organizations to propel their agencies towards innovation and home care of the future. AlayaCare was founded in 2014. www.alayacare.comAbout inovia capitalinovia is a full-stack venture capital firm that partners with audacious founders to build enduring technology companies. We seek to transform venture capital by perfecting the craft of investing in people first. We roll up our sleeves to serve founders with dedicated mentorship, a global talent network and structured strategies for hyper-growth. Together, we rewrite the rules of old industries, push technology frontiers and pursue bold visions for a better future. inovia manages $500M across three funds, and holds offices in Montreal, Toronto, San Francisco, and London. For more information, visit www.inovia.vc. Media Contact Information:For AlayaCare - Amy Cole, amy@colecomms.ca, 647-287-0025For inovia capital - Melissa Mecca, mmecca@inoviacapital.com, 650-644-8168 For Client Enquiries: AlayaCare Brady Murphy, VP- Sales & Marketing, 647-477-4174 ext. 201Topics: Australia, AlayaCare News, Canada, United States Reference: https://www.alayacare.com/blog/alayacare-raises-13.8-million-in-series-b-funding-led-by-inovia-capital?utm_campaign=PR&utm_content=75293352&utm_medium=social&utm_source=linkedin   

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03.05.18

C2RO Raises $1.1 M Seed Financing to Commercialize Cloud-Based Robotics A.I. SaaS Platform

Montréal (Québec), May 02, 2018  - Montreal-based C2RO Cloud Robotics Inc. today announced that it has concluded a US$1.1 Million seed financing led by Chicago-based Harbor Street Ventures, with the participation of Fonds InnovExport, TandemLaunch Ventures and several angel investors in Canada, the U.S. and Europe. The funds will be used to accelerate the commercialization of C2RO’s powerful enterprise cloud robotics SaaS solutions. “We recognized early on that C2RO had all the right ingredients to become a disruptor in the Cloud Robotics and A.I. space,” said Steve Komie, Managing Director at Harbor Street Ventures. “With strong proprietary technology and deep technical expertise, C2RO has the potential to revolutionize how robots transform businesses in key sectors of the new A.I. driven economy.”  C2RO’s cloud-based real-time data processing engine significantly augments robots’ cognitive capabilities with a wide range of state-of-the-art A.I. services, while allowing instant knowledge sharing and collaboration among connected robots and sensors.“We welcome the support of our new and existing shareholders, which will allow us to accelerate our go-to-market plans and help us realize the founding vision of C2RO,” added Riccardo Badalone, President & CEO of C2RO Cloud Robotics. “I’m am incredibly excited about our Engage and Mobility products, which have been identified as the key to unlocking the value of robots in the fastest growing segments of the enterprise market.”   Targeting the fast growing service robotics market estimated to be valued at $ 7 billion by 2022, C2RO’s first product offerings, Mobility and Engage, will allow businesses to use robots and connected peripherals to create new and exciting dimensions of communication and interaction with their customers and employees. This is particularly powerful in the retail, hospitality and customer service industries which are currently undergoing a rapid transformation powered by robots and A.I.“Advancements in telecommunication, cloud-based computing and artificial intelligence have paved the way for cloud robotics,” said Helge Seetzen, General Partner & CEO of TandemLaunch Ventures. “With the service industry quickly recognizing the potential of robots and artificial intelligence to improve their customer experience and drive efficiencies, we are excited about the commercial potential of C2RO’s technology.”C2RO’s SaaS platform allows enterprises to quickly deploy and manage their robot platforms in a seamless and intuitive manner, while allowing for sophisticated real-time data analysis and business intelligence formulation. “We are proud to be supporting such a great Quebec-based artificial intelligence start-up,” said Richard Bordeleau, President at Fonds Innovexport. “As first movers in a fast-growing market, we believe C2RO will have a tremendous impact on the industry and we want to support them through this journey.”About C2RO Cloud Robotics Inc.C2RO Cloud Robotics is a Montreal-based high-tech software firm that has introduced the world’s 1st Cloud Robotics SaaS Platform (B2B) that uses cloud-based AI services to augment cognitive and collaborative capabilities of service robots with a simple internet connection. The Mobility and Engage product offerings allow customer service robot platforms to be used for advanced human interaction and behavioral analysis, which can be leveraged by businesses to increase their efficiency or reshape and enhance their customers' on-site experiences. www.c2ro.comAbout Harbour Street VenturesHarbor Street Ventures is a Chicago-based venture investment firm. Harbor Street Ventures was founded by Steve Komie and David Shulman, both with deep technology backgrounds in algorithmic trading and artificial intelligence. www.harborstreetventures.comAbout TandemLaunch VenturesTandemLaunch Ventures is a seed investor and incubator focused on creating early-stage technology start-ups in collaboration with global universities and world-class entrepreneurs.www.tandemlaunch.comAbout Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Quebec-based innovators seeking growth in international markets. Based in Quebec City, Innovexport is partnering with twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins - Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN.  Innovexport also receives financial support from the Economic Development Strategy of the City of Quebec. They all work together to support the growth of innovative companies with the potential of becoming global leaders.www.fondsinnovexport.com    Contact Information:Alex Gaughan, Marketing LeadC2RO Cloud Robotics Inc. Alex.gaughan@c2ro.com

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27.02.18

Aerial Technologies Raises 1.94M$ in Financing from VCs and Strategic Partners, and Recruits WiFi Industry Veteran as First Independent Board Member

Montreal, February 26, 2018 – Aerial Technologies, a Montreal-based provider of wireless motion analytics solutions, is proud to announce today that it has secured an additional 1.94M$ CAD in capital for its Seed Preferred round. This latest round is led by an undisclosed chipset manufacturer, in addition to current investors, Fonds Innovexport, Kibo Ventures, Quebecor, and Telefónica Open Future_ who are increasing their positions.The capital will be used to further accelerate the company’s growth, both on the organizational and business fronts. “Having demonstrated that our technology works and meeting and exceeding prior funding milestones, I am very pleased our investors share our vision and are helping support our growth with additional capital and advice,” says David Grant, CEO of Aerial Technologies. Industry experts estimate the IoT industry will witness increases between 2018 and 2022 of more than 40% CAGR, with even greater growth in the IoT sensor segment. A recent study predicts IoT spending in 2018 will top $772B USD lead by manufacturing, transportation and utilities. Aerial will enable many of these devices to react to natural human motion, thereby unlocking enhanced services without the need for wearables or cognitive human interaction.“Aerial’s strongest assets are their incredible team and a patented technology that is bringing an entirely new perspective to the residential market, leading a new breed of device-free services for the home. The market response so far has been phenomenal as we are seeing explosive growth of both enquiries and sales pipeline for its solutions,” mentions Aquilino Peña, Founding Partner, Kibo Ventures.“At Telefónica Open Future_ innovation funds, we are continuously searching new capabilities and projects that enhance our value proposition of our connectivity business. Our participation in this new investment round endorses such approach as well as enhances our smart WiFi platform with potential new services to be delivered to our clients,” adds Gonzalo Martin Villa, Innovation Director at Telefónica.“Aerial has the potential to enhance and augment the growing number of IoT solutions with the power of motion. Many solutions today require users to wear devices or cognitively interact with applications. With Aerial, devices use natural motion without thought. Imagine how smart your home could be if it knew when you were home and when you were away. Your home could lock the doors and set the alarm naturally, it could turn on lights and other appliances when you need them, and insure they are off or in power-saving mode when you don’t. We are currently testing these and other services such as elderly care monitoring in collaboration with our partners who will be offering such services,” says Grant.Additionally, we are proud to announce the nomination of John Major as our first independent board member. Major founded MTSG, a strategic consulting and investment company of which he has been serving as president since 2003. He joined the board of Broadcom in 2003. Major served as chairman and lead independent director from 2008 to 2012. He left the board in April 2016 following the Avago acquisition. He also held various executive and leadership positions at Motorola Inc. for nearly two decades, the most recent of which was Senior Vice President and CTO. Major received a B.S. in Mechanical and Aerospace Engineering from the University of Rochester, an M.S. in Mechanical Engineering from the University of Illinois, an M.B.A. from Northwestern University, and a J.D. from Loyola University.Aerial will be exhibiting at Mobile World Congress in Barcelona, Hall 7 stand M11 from February 26 to March 1, 2018. Our CEO, David Grant, will be presenting “Humans Making Waves: Leveraging Disturbances in the Wireless Mesh” on February 26 at 12h20 and 13h30 on the Showcase Stage in Hall 4. Visit Aerial’s website to learn more about the technology behind our solutions.About Aerial TechnologiesAerial provides ISPs and MSOs, healthcare players, security systems integrators, and smart object manufacturers with a unique cloud-based, low-cost solution that leverages existing wireless infrastructure and machine learning to give context, meaning and value to motion. Aerial’s passive and contextual solutions do not require users to interact with them, they recognize users and background. With our WiFi motion analytics SaaS, customers have access to new revenue streams with a minimum investment. Our customers also gain from accessing end-user actionable data to help them make better business decisions. We aim at becoming the wireless standard for smart motion detection through continuous innovation, passion, simplicity and inventiveness for the smart home, home care, security, healthcare and targeted media applications. Aerial’s headquarters is based in Canada; we also operate from two regional offices in the USA and in Europe. For more information about how Aerial is making IoT more human, visit www.aerial.ai.About Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Quebec-based innovators seeking growth in international markets. Based in Quebec City, Innovexport is partnering with twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins - Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN.  Innovexport also receives financial support from the Economic Development Strategy of the City of Quebec. They all work together to support the growth of innovative companies with the potential of becoming global leaders. www.fondsinnovexport.comAbout Kibo VenturesKibo Ventures, based in Madrid, Spain, is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures invests in teams with global ambition, unique technologies and scalable business models. Kibo Ventures manages $130 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain’s largest insurance company), FondICO and CaixaBank. Kibo Ventures has invested in over 40 companies in Europe, the Americas and Spain, including Flywire, Carto, Job and Talent, and WorldSensing, and has co-invested with many of the largest US and European VC Funds. www.kiboventures.comAbout QuebecorQuebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Quebecor (TSX: QBR.A, QBR..B) is headquartered in Québec. It holds an 81.53% interest in Quebecor Media, which employs more than 10,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations working in the vital fields of culture, health, education, the environment and entrepreneurship. www.quebecor.comAbout Telefónica Open Future_Telefónica Open Future_ is Telefonica´s global platform designed to connect entrepreneurs, startups, investors and public and private partners around the world to capture innovation and business opportunities. The programme incorporates all of Telefónica Group’s open innovation, entrepreneurship and investment initiatives through over 50 spaces and different investment vehicles. To date, 800 startups have been invested. Telefónica Open Future_ is present in 16 countries www.openfuture.org/enMedia contactAerial TechnologiesPatrice Belmonte – Marketing, Communications, PRpatrice.belmonte@aerial.aiReference: https://www.aerial.ai/aerial-technologies-raises-1-94m-in-financing-from-vcs-and-strategic-partners-and-recruits-wifi-industry-veteran-as-first-independent-board-member/ 

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19.12.17

AEPONYX closes CAD 4.3 million financing round

Montreal, Canada – December 17th, 2017 – AEPONYX, the world’s emerging leader in micro optical switches, today announced a seed financing round of CAD 4.3 million led by Fonds Innovexport and Ecofuel Fund, in collaboration with private investors. This funding enables AEPONYX to complete the development and industrialization of its revolutionary planar micro optical switch chips based on a unique proprietary platform combining silicon photonics with micro-electrical-mechanical-system (MEMS).The funding, aggregated to the California-based incubator Silicon Catalyst’s in-kind contribution and to secured non-dilutive government financing, completes AEPONYX’s total investment of CAD 10 million for ramp-up of production by 2019.“AEPONYX has exceptional potential to revolutionize fiber optic communications and to accelerate the transition to the new, faster and more efficient global NG-PON2 standard,” said Richard Bordeleau, President of Fonds Innovexport. MEMS and silicon photonics-based micro optical switches dramatically increase the speed of large-scale telecommunications systems and reduce the energy needs of data centers. “The AEPONYX team, led by CEO Philippe Babin, is impressive,” added Bordeleau. “Philippe was able to rapidly build a strong network of partners and investors to support AEPONYX’s growth.”“AEPONYX is a tangible example of how an energy efficient innovation can have a positive impact on the environment,” said Richard Cloutier, Managing Partner of the Ecofuel Fund. “We are happy to partner with AEPONYX and work with Philippe and the management team to build on this momentum to execute the company’s business plan.”“We are delighted to count Fonds Innovexport and Ecofuel Fund as part of our investor consortium,” explained AEPONYX CEO, Philippe Babin. “Beyond financing, they also provide the continuous support and guidance needed to capitalise on this global opportunity. The level of our technological innovation is at par with leading platforms in the fast-growing markets that can leverage it,” he added, “including next-generation fibre optic telecommunications access networks, datacenters, and 5G mobile networks which, combined, represent a multibillion-dollar opportunity.”Silicon Catalyst CEO, Rick Lazansky, said “this round of funding is further proof that promising innovative companies such as AEPONYX are now attracting increasing investor attention. Silicon-based solutions like AEPONYX’s planar micro optical switch chips are asserting their central position in the continuing telecom and data center revolution,” added Lazansky.For more information, visit: www.aeponyx.com.About Fonds InnovexportBased in Quebec City, Fonds Innovexport invests in start-up companies headquartered in the Province of Quebec and dedicated to the development and commercialisation of innovative products or services with strong export potential. Innovexport comprises twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins – Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN. Innovexport benefits from the financial support of the City of Quebec under its Economic Development Strategy Program.For more information, visit: fondsinnovexport.comAbout EcofuelEcofuel is a venture capital fund and a specialized and personalized accelerator dedicated to cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. The Ecofuel Fund invests smart money in seed and early stage startups that develop and commercialize clean technologies while the Ecofuel Accelerator offers entrepreneurs training workshops, networking sessions, an experienced mentor ecosystem.With $30M in assets under management, the Ecofuel Fund, co-founded by Cycle Capital, is sponsored by Investissement Québec, acting as mandatory of the Government of Québec, BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Fondaction, the Fonds de solidarité FTQ and the Centre Québécois de valorisation des biotechnologies (CQVB).For more information, visit: ecofuelaccelerate.com.About Silicon CatalystSilicon Catalyst is the only incubator focused exclusively on solutions in silicon, building a coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. With a world-class network of mentors to advise startups, Silicon Catalyst is helping startups address challenges moving from idea to realization. The incubator/accelerator supplies startups with facilities, a path to funding, tools, networking and marketing acumen to successfully launch their companies’ novel technology solutions.  Silicon Catalyst was the recipient of the prestigious 2015 ACE Award for Start-Up Company of the Year.For more information, visit: siliconcatalyst.com.About AEPONYX Inc.AEPONYX is a micro optical switch leader designing and marketing chips for fiber optic access to the cloud. With its patented technologies, combining planar Micro-Electro-Mechanical-Systems (MEMS) and Silicon Photonics, AEPONYX builds the fastest, most affordable and smallest micro optical switches for tunable transceivers and optical circuit switches.  AEPONYX is an alumnus of Silicon Catalyst, the world’s first incubator focused exclusively on semiconductors based in California.For more information, visit: aeponyx.com.Media Contact:Philippe Babin, CEO, AEPONYXPhilippe.Babin@aeponyx.comP: +1 (514) 360-7746

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11.07.17

Aerial Technologies Raises $2.25M to Accelerate the Commercialization of its Motion Intelligence Interface for the Wi-Fi Home

The software uses distortions in the Wi-Fi energy signals in the household to develop Wi-Fi fingerprints that enable the software to detect movement and presence and can also recognize people and activities. Something very useful for security and wellness applications.Canada, July 11, 2017 – Aerial Technologies Inc, a Montreal-based artificial intelligence company, announced today that it has concluded a CA$2.25 million convertible note financing co-led by Fonds Innovexport and successful entrepreneur and investor Jean-François Grenon. Strategic investors include Kibo Ventures, a Spanish-based VC firm which has Grupo Telefónica as one of the main investors in the fund and Wayra, part of Telefónica Open Future_ network, and Quebecor Group, a leading Canadian integrated communications company. Angel investors affiliated to TandemLaunch, the Montreal-based incubator that initially backed and incubated Aerial, also joined the round.“We are delighted to be working with such a select group of investors and we believe that their interest validates the immense potential of Aerial’s novel approach to motion detection for the Wi-Fi home, said David Grant, CEO of Aerial Technologies. With their support, we are now well positioned to accelerate the commercialization of our motion interface with some of the most important telecommunication companies in the world.”“Videotron sees a vast potential for Aerial’s technology as it opens the door to a multitude of promising services and applications for both our residential and business customers,” said Serge Legris, Vice President & Chief Technology Planning Office of Videotron. We are also looking to test different opportunities in our Open-air Laboratory for Smart Living. ”“Aerial has a very strong team supported by TandemLaunch, a world-class incubator. Considering the traction they already have in the market, we believe they will be successful. Innovexport definitely made that investment with the objective to participate in future rounds to foster Aerial’s growth,” added Serge Lavergne, Vice-President Investment.Founded in 2015, Aerial is a software company that uses existing Wi-Fi signals, and cloud-based machine learning AI to detect presence and motion. As people, pets and in-organic objects move in the mess of Wi-Fi signals already in your home or office, they distort and disrupt these Wi-Fi signals in predictable ways. Aerial processes these distortions to add context and meaning to motion allowing the recognition of presence, motion, activity and identity. Aerial software can be embedded in virtually any Wi-Fi network equipment or device and does not require wearables or other sensors to work. Aerial’s technology was conceived by Michel Allegue, CTO, based on IP that originated at McGill University, Rutgers University and Steven´s Institute of Technology.Early Smart Motion applications provided through our business partners will include Presence Awareness and Motion Detection, Home Intrusion Detection, Smart HVAC energy optimization, healthcare and elderly care monitory services, and intelligent motion awareness for a variety of smart home devices that improve the convenience and quality of life for consumers.Aerial’s technology, already in pilot with several large Internet Service Providers (ISPs) and Multi Service Operators (MSOs), will be deployed into existing equipment offered through these service providers.About AerialAerial is a Montreal-based Corporation with offices in the US and Europe. Aerial’s motion detection software uses existing Wi-Fi signal distortions and cloud-based machine learning AI to provide context and meaning to motion without the need for sensors or wearables. www.aerial.aiFollow us on Twitter, LinkedIn and FacebookAbout Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Quebec-based innovators seeking growth in international markets. Based in Quebec City, Innovexport is partnering with twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins - Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN.  Innovexport also receives financial support from the Economic Development Strategy of the City of Quebec. They all work together to support the growth of innovative companies with the potential of becoming global leaders. www.fondsinnovexport.comAbout Telefónica Open Future_Telefónica Open Future_ is Telefonica´s global platform designed to connect entrepreneurs, startups, investors and public and private partners around the world to capture innovation and business opportunities. The programme incorporates all of Telefónica Group’s open innovation, entrepreneurship and investment initiatives through 50 spaces and 9 different investment vehicles. To date, over 1,700 startups have been accelerated and 750, invested. Telefónica Open Future_ is present in 17 countries and has committed to investment, with its partners, a total of 455 million euros. www.openfuture.org/enAbout QuebecorQuebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It holds an 81.53% interest in Quebecor Media, which employs more than 10,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations working in the vital fields of culture, health, education, the environment and entrepreneurship. www.quebecor.comAbout Videotron Videotron, a wholly owned subsidiary of Quebecor Media, is an integrated communications company engaged in cable television, interactive multimedia development, Internet access, cable telephone and mobile telephone services. Videotron is a leader in new technologies with its illico interactive television service and its broadband network, which supports high-speed cable Internet access, analog and digital cable television, and other services. www.videotron.com About Kibo VenturesKibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures manages $130 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain’s largest insurance company) and Axis (ICO’s 25-year-old private equity arm). www.kiboventures.comAbout TandemLaunchTandemLaunch is a seed investor and incubator focused on creating early-stage technology start-ups in collaboration with global universities and world-class entrepreneurs. www.tandemlaunch.comMedia ContactDavid GrantPresident and CEOinfo@aerial.ai

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