January 30, 2024 – Toronto – Today, Ecopia AI (Ecopia) announces that the company has once again been named to Communitech’s Team True North, a list of 65 Canadian tech companies demonstrating high growth, innovation, and a clear path to reaching $1B in revenue by 2030.
Established in 2022, Team True North is modeled on Canada’s Own the Podium Program for Olympic athletes. Members of Team True North are provided with enhanced access to top tech talent as well as increased sales and networking opportunities to help drive further growth. To be eligible for Team True North, companies must be Canadian-controlled and privately-held with annual revenue and year-over-year revenue growth that falls within one of the following ranges:
- Minimum of $20 million in annual revenue and 60 percent year-over-year growth.
- Minimum of $40 million in annual revenue and 40 percent year-over-year growth.
- Minimum of $80 million in annual revenue and 20 percent year-over-year growth.
- Minimum of $100 million in annual revenue and 15 percent year-over-year growth.
“Communitech is proud to support Canadian founders who are striving to build globally competitive tech companies,” said Chris Albinson, CEO and President of Communitech. “Data shows that these companies drive innovation and enhance prosperity for all by creating an environment of talent and know-how that fosters new generations of promising startups.”
Part of the inaugural Team True North in 2022, Ecopia has once again been named to the prestigious list due to the company’s rapid growth around the world. Since its original recognition, Ecopia has launched 3D land cover mapping initiatives in Canada, the United States, Australia, Ireland, and Italy. To date, Ecopia has mapped in more than 100 countries across the globe, providing high-precision geospatial data at scale for strategic decision-making in climate resilience, public safety, community equity, and more.
“We are proud to again be named to Team True North alongside other leading organizations,” said Jon Lipinski, President and Co-founder of Ecopia AI. “It’s great to be continuously recognized as a leader in the Canadian tech industry as we work towards our goal of building a true digital twin of the physical world.”
Team True North is supported by partners such as TMX (TSX, TSX-V), Ernst & Young, Inovia Capital, the Canadian Venture Capital & Private Equity Association, Export Development Canada (EDC), the Business Development Bank of Canada (BDC) and NRC-IRAP.
Visit communitech.ca for more information about how Communitech supports tech founders at all stages of their entrepreneurial journey.
Communitech was founded in 1997 by a group of entrepreneurs committed to making Waterloo Region a global innovation leader. At the time it was just a wild idea, but somehow this community managed to pull it off. Today, Communitech is a public-private innovation hub that supports a community of more than 1,600 companies — from startups to scale-ups to large global players.
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About Ecopia AI
Ecopia is on a mission to create a digital twin of the Earth. We leverage artificial intelligence to convert high-resolution imagery into high-definition (HD) vector maps. These maps form a digital representation of reality and are embedded into decision-making applications, offering unique insight at scale. Ecopia’s HD vector maps are leveraged for hundreds of commercial and government applications across over 100 countries around the world.