News

News
  • L’Oreal buys Toronto startup ModiFace

    March 16, 2018 When University of Toronto engineering professor Parham Aarabi first began researching face tracking technology, it never occurred to him that his resulting startup would later be snapped up by the world’s biggest cosmetics company, L’Oreal. In fact, Aarabi thought the initial application of what is now ModiFace’s lip and eye tracking ... Read more
  • French cosmetics giant buys U of T ‘beauty tech’ startup

    March 16, 2018 A University of Toronto startup that lets consumers virtually try on makeup, hair and other beauty products has been scooped up by the world’s biggest cosmetics company – a move that could result in Toronto becoming a hub for “beauty tech” research. France’s L’Oréal said Friday it was buying ModiFace, which ... Read more
  • L’Oreal buys Toronto augmented reality startup ModiFace

    March 16, 2018 When University of Toronto engineering professor Parham Aarabi first began researching face tracking technology, it never occurred to him that his resulting startup would later be snapped up by the world’s biggest cosmetics company, L’Oreal. In fact, Aarabi thought the initial application of what is now ModiFace’s lip and eye tracking ... Read more
  • Why is L’Oreal buying a technology company?

    March 16, 2018 L’Oreal (LRLCY), one of the world’s biggest cosmetics companies, has purchased ModiFace, a Canadian firm that specializes in artificial intelligence and augmented reality technology. It’s the first tech acquisition in L’Oreal’s 109-year history. The French company is hoping it will bolster its previous work on virtual beauty products. Lubomira Rochet, the chief ... Read more
  • U of T startup helps hospitals capitalize on their data, prepare for an AI future

    March 13, 2018 Carolina Gomes was in Edmonton completing a master’s in computer science when her grandfather back home in Sao Paulo was diagnosed with cancer – an illness that quickly laid bare the shortcomings of Brazil’s health-care system. “There was a delay in treatment because we couldn’t get access,” says Gomes, adding the holdup likely impaired his chances ... Read more
  • Today in funding ($59M): Atomwise, Parkbench, Showpass

    March 12, 2018 Atomwise, which was originally based in the University of Toronto’s incubator before moving to Y Combinator, has raised $57 million CAD in a fresh Series A. The round was led by Monsanto Growth Ventures, DCVC (Data Collective), and B Capital Group, with participation from returning investors Y Combinator, Khosla Ventures, ... Read more
  • University and College Students in Central Canada Equip Canadians with the Knowledge and Skills Needed to Create Financially-Secure Futures

    March 12, 2018 Students from the University of Windsor launched a social enterprise that provides victims of sex and labour trafficking in Canada with sustainable employment developing affordable sanitary menstrual health products for women living in poverty in Nicaragua. Students at the University of Toronto, St. George campus are also helping increase marginalized women’s ... Read more
  • University Students from Central Canada Recognized for Promoting Entrepreneurial Growth in Regional Competition

    March 12, 2018 Students at the Enactus University of Toronto, St. George campus have been named 2018 Capital One Financial Education Challenge Regional Champions by Canada’s largest experiential learning platform, Enactus Canada, and program supporter Capital One Canada for their social entrepreneurship work.   Read more
  • U of T startup raises US$45 million to build AI-powered drug discovery business

    March 9, 2018 A University of Toronto startup using artificial intelligence to speed drug discovery has raised US$45 million to fund growth – yet another example of how efforts to commercialize the university’s AI expertise are making waves in the business world. San Francisco-based Atomwise, which helps screen millions of potential drug candidates in ... Read more
  • Data-driven farming: U of T Engineering spin-off develops low-cost sensors for Nepal

    March 9, 2018 Ahmed Mahmoud (MechE 1T1, MIE MASc 1T6) hopes that his new invention — an unassuming grey box about the size of a coffee mug, attached to a metal probe — will be the key to significant improvements in crop yields for farmers in Nepal and around the world. “It’s actually pretty straightforward ... Read more