companies Acerta, Elucid Labs, and Knote receive $400,000 in funding
Summary
“I’m hoping to find the next global company to emerge from [the University of Waterloo],” said Lyon Wong, co-founder and partner at Spectrum 28, a $170 million Venture Capital fund based out of Silicon Valley. The statement was made at a Waterloo Engineering event on campus, as Wong announced that three Velocity companies, Acerta, Elucid Labs, and Knote, were the recipients of a collective $400,000 in funding. Acerta began as a research team at the University of Waterloo while Co-founders Greta Cutulenco, Sebastian Fischmeister, and Jean-Christophe Petkovich were working in the Embedded Systems Lab at the Faculty of Engineering. The company works with massive volumes of data from clients in the automotive industry, and uses it to detect anomalies within manufacturing to determine the root cause of problems at an early-stage before they become too costly. Elucid Labs co-founders Farnoud Kazemzadeh, Alexander Wong and Iman Khodadad’s goal is to help save lives by developing a tool to treat skin cancer before it’s too late.
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