Waterloo's SlipStream Data Receives $1.5 Million In Start-up Funding
SlipStream Data, a Waterloo-based compression-technology company, has signed an agreement with Edgestone Capital Partners worth $1.5 million. This initial funding will provide support for SlipStream Data and help the company to globally market its technology.
The company's flagship software product, SlipStream, is based on CITO-funded research by the University of Waterloo's Dr. En-Hui Yang.
Dr. Yang's CITO-supported research project developed
one of the first truly novel algorithms for data compression in
over 20 years. This algorithm - and the associated software developed
from it - can dynamically learn the structure of Web pages and compress
their files size by an average factor of 20.
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Excerpt taken from www.cito.ca on May 7, 2002.
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