Waterloo Tech Highlights for June 2026
Our goal is to provide you with a monthly primer on significant news events from private Waterloo-based technology companies in 5 minutes or less.
Scispot raised US$8M in a round led by Avenue Growth Partners. They claim over 100 labs as customers.
Qubic raised a US$2.5M round led by Two Small Fish Ventures and also included University of California, Quantacet and UCalgary’s investment fund. They’ll use the money to triple their team and scale up manufacturing.
ConeLabs raised $1.5M in a round led by Spatial Capital with participation from Techstars, OCI, the Ricketts Family Trust, Team Ignite Ventures, Navis Capital and Exitfund.
Shinydocs grew their ARR base by more than 10% in the first half of 2026.
KA Imaging received an order from the US Government for four systems.
Intellijoint delivered their largest ever shipment to India this month.
Vena Medical had their highest case count ever in June. They also had another positive publication released affirming the value of their camera.
Chris’ Thoughts
Happy Canada Day
As both an idea and a shared experience Canada represents what we make of it. Here’s some examples. Last weekend I paused a long and hot bike ride at a Subway restaurant in Minden, ON where the Indian manager warmly welcomed me and offered as much water/pop as I wanted from their soda machine. As I dripped sweat and cooled off while drinking a lemonade inside, the staff were gleefully putting up Canadian flags and pendants in preparation for the holiday. I suspect for most of them, today will be their first Canada Day. They were so excited about it. I love the irony of (relatively poor) newcomers welcoming a (relatively rich) white guy with a cold drink on a hot day. It shows that the best of our values can propagate and cross class lines.
In a similar vein, Ashima Chopra does an excellent job here to frame the collective Canadian fan experience around the World Cup that invites joy, unity, and investment from newly minted fans for something they’ve been historically indifferent about.
Finally, I don’t know much about the motivations behind the publication Be Giant but I love the name. They ran a great article about Waterloo’s Socratica event, celebrating the beautiful chaos of the collection of inspired genius.
It’s politically expedient to look at my problems and blame “those guys”. For today at least I’m going to try to maintain a posture of gratefulness for the things Canada has given me. On a national level, our greatest moments include the audacious grit of Terry Fox and the movement he catalyzed, the reckless hospitality of the town of Gander on 9/11 and the anxiety they soothed. Each looked terribly messy in the moment, but the outcome highlighted us doing what we’re meant to do. As world events conspire to cause us to look inwards and seek a definition of who we want to become I think we have more of this within us.
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Chris Wormald @cwormald