Shopify brand history

Shopify was founded in 2006 in Ottawa by Tobias Lütke, Daniel Weinland and Scott Lake, who wanted to sell snowboarding equipment online but couldn’t find a suitable off-the-shelf solution. Lutke then personally developed an online store on the Ruby on Rails framework’s Liquid optensource template and launched it under the name Shopify in June 2006.

In June 2009, the company launched its own Shopify App Store, and allowed the platform to integrate with external resources via APIs. In April 2010, it released a mobile app for the Apple App Store, allowing merchants to manage their stores through iOS devices. That same year, the Ottawa Business Journal recognized it as Ottawa’s fastest growing company. Shopify received $7 million in venture capital investment in December 2010 and another $15 million in October 2011.

In 2014, the platform had nearly 100,000 registered sellers and revenue reached $105 million – double the year before. In February of that year, it introduced Shopify Plus, a platform for large businesses with additional features and expanded support. In April 2015, the company held an IPO, and its shares appeared on the New York (SHOP) and and Toronto (SH) stock exchanges’ listings. This procedure increased its value by $131 million.

In September 2015, Amazon shut down its Amazon Webstore service and recommended Shopify as a recommended alternative, amid which the Shopify brand’s share price rose 20%. Then it also allowed users to sell products through social media, opening a Facebook store integrated with the platform. In April 2016, the company announced Shopify Capital, a service that provides sellers in the US with a line of credit of up to $2 million.

In January 2017, Shopify announced an upcoming integration with Amazon that gave its users access to sell items on Amazon through their online stores on Shopify. In October 2018, the company opened its first customer location in Los Angeles, and in January 2019, it launched Shopify Studios, its own TV and movie studio. In March of that year, Shopify completed an integration with email marketing service MailChimp, and in April it announced an integration with Snapchat that allowed merchants to manage ads on that service directly through the Shopify platform.

In June 2019, the company launched its own shipping division, and in August it introduced Shopify Chat, a built-in online chat service for stores on the platform. In March 2020, Shopify announced a full business shift to remote working – due to the start of the COVID-19 pandemic, more than 5,000 of its employees went “remote”. In November 2020, the platform began partnering with Chinese payment system Alipay, allowing it to increase the number of international purchases and transactions.

The post Shopify – what is it? appeared first on Monton In-Novateed.

History

Clearpath Robotics was founded in 2009 due to the growing demand for environmental monitoring equipment and robotic research equipment. Unlike other robotics startups, they raised only a small amount of angel investment at inception and sought to achieve profitability before raising more.

In 2012, a company was formed to ensure the continuity of work done with ROS, Clearpath CTO Ryan Gariepy joined the founding board. Shortly thereafter, the original creator of ROS, Willow Garage, announced a reduction in official support. Due to concerns raised by the academic community about the future of robotics research, Clearpath issued a statement confirming that it would continue to do all it could to support ROS.

Following the complete closure of Willow Garage in early 2014 , Clearpath took over full maintenance and support of the PR2 robot until at least 2016.

In August 2014, Clearpath became the first robotics company in the world to commit to not producing “killer robots” (Lethal Autonomous Weapons ), and continues to support initiatives to ensure ethical development of AI and autonomous systems.

By March 2015, Clearpath announced a $14 million Series A investment led by RRE Ventures to fund the development of products capable of automating hazardous work in industrial and manufacturing facilities. Shortly thereafter, they announced the first of their line of OTTO vehicles with General Electric as their first customer and strategic investor, and announced that Tesla, Inc. co-founder Mark Tarpenning had joined their advisory board. At the same time, he continued to develop and sell systems designed to fulfill his original mandate of helping researchers work more efficiently.

In October 2016, a Series B funding round was announced, led by, which also added Caterpillar Inc. as another strategic investor.

The post Clearpath Robotics appeared first on Monton In-Novateed.

Thermostats are controlled via an integrated touch screen, web portal or app available for iOS , Android and Apple Watch. Other devices are controlled exclusively via the app or web portal.

The thermostat or camera acts as a hub for your other devices. Light switches do not require a thermostat or camera, but do not provide hub functionality.

In addition, ecobee provides a suite of subscription services to complement its product line.

Ecobee was founded in 2007 It has been recognized with a number of awards, including the Deloitte Technology Green 15 award for Canadian cleantech companies and the 2011 AHR Expo Innovation Award in the category . building automation .

In March 2018, ecobee raised a CAD 80 million Series C financing.

Products

Smart thermostats
ecobee created the world’s first smart thermostat, the ecobee Smart, in 2008. Since then, they have gradually updated their thermostat line over the years, until the latest release of the flagship ecobee Smart thermostat in June 2019. They also continue to sell the ecobee3 lite as a less electronic Expensive smart thermostat without Alexa support that doesn’t come with any remote sensors, but still includes support for them.

The thermostats includes a touchscreen and works with 32 remote temperature/presence sensors that can adjust the temperature based on where you are. The ecobee4 and ecobee smart thermostat also includes support for Amazon Alexa .

Room Sensors
All ecobee thermostats since ecobee3 (except ecobee3 lite) have included one temperature/room sensor in the box.

Sensors can connect to the ecobee thermostat to provide temperature and occupancy information, or to an ecobee camera to provide occupancy information to a home monitoring service.

eco +
ecobee began rolling out eco + in 2019 to personalize individual thermostats in the home.

This includes the ability to connect your utility company to your thermostat. Using this information, it can heat/cool the home based on current and upcoming usage rate changes or allow the home to participate in demand response events.

Smart Light Switch
Ecobee Switch + is a smart light switch announced in May 2017 and released on March 26, 2018.Switch + features a microphone with Amazon Alexa built-in, as well as presence and daylight sensors.

SmartCamera
Ecobee SmartCamera is a smart camera released on April 15, 2020. It provides 1080p video, 180-degree field of view, auto pan and tilt, Amazon Alexa support, two-way communication, and night vision.

The post Canadian startup Ecobee appeared first on Monton In-Novateed.

AI can do a lot of interesting things, but the problem often arises in their practical application. It’s great that an algorithm can unmistakably identify a deer in a photo, but how do you make money from that? Businesses have quite a few case studies, but they all have a number of peculiarities that make theoretical solutions applied in practice not look so great anymore.

Element AI is in the business of packaging all current machine learning advances into products that businesses can use. And it’s already working in a number of areas.

History

Element AI was founded in Jovtni 2016 by Jean-François Gagné and co-founders Yoshua Bengio , Yenne Martel, Nicolas Chapados, and Philippe Beaudoin together with Jean-Sebastien Cournoyer of Montreal-based venture capital fund Real Ventures. At the beginning of 2017, the company acquired the entire team of the machine learning database with open source code. It then secured 102 million US dollars from US investors in a Series A round led by San Francisco venture capital fund Data Collective and Microsoft Ventures.

In March 2018, the Canadian government granted a loan of up to 5 million Canadian dollars to Element AI to create 900 new jobs. Later, they held a conference about the impact of piecewise intelligence, at which Justin Trudeau and Munir Majubi convened a global group to study the impact of piecewise intelligence. In chestnut 2018, Element AI also partnered with Amnesty International and published a study that measured online harassment of women in politics and journalism on Twitter.

Element AI has partnered with GIC, Singapore University of Management, Port of Montreal, LG Electronics, among others. At the Port of Montreal, Element AI worked on calculating how long it takes for freight carriers to wait to drop off or pick up goods at the port.

Underwriting Partner’s first standalone product, software for the insurance workflow using piece intellect, was released in early 2019. In chestni 2019, they released Knowledge Scout, a platform for managing datasets in manufacturing companies.

On October 30, 2020, ServiceNow, a California-based IT services company, announced the signing of an agreement to acquire Element AI. The company ran out of money and options and was sold for 230 million US dollars, dismissing the majority of employees who had expired stock options.

The post Element AI: artificial intelligence for business appeared first on Monton In-Novateed.