BC Discovery Fund - About the Fund

BC Discovery Fund


D-Wave Systems Inc.

Founded in 1999, D-Wave Systems is the world′s first quantum computing company. D-Wave′s mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation that help solve some of the world′s most complex challenges. Today D-Wave is the recognized leader in the development, fabrication, and integration of superconducting quantum computers. Its systems are being used by world-class organizations and institutions including Lockheed-Martin, Google, NASA, and USC. D-Wave has been granted over 110 US patents and has published over 80 peer-reviewed papers in leading scientific journals. D-Wave′s offices are in Vancouver, British Columbia; Palo Alto, California; and Washington, DC. D-Wave is a privately held company.


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Mobidia Technology LP (Legal name MTI Limited Partnership)

As a result of the acquisition of Mobidia Technology in 2015 by App Annie, the Mobidia Technology LP was formed to hold the shares of App Annie that were received as consideration for Mobidia. This results in the Fund being an indirect shareholder of App Annie through its holdings of the Mobidia Technology LP. App Annie believes that it is the leading global provider of mobile market data and intelligence, with over 1 million users. Consumers are projected to spend $120 billion globally on mobile apps in 2019. As mobile has become the primary channel to acquire and engage consumers, demand for App Annie data and analytics has propelled the company′s growth. In March 2019, App Annie announced it had crossed the $100 million Annual Recurring Revenue (ARR) milestone.


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Navarik Corp.

Navarik is a software service provider (SaaS) to the petroleum supply and trading industry, currently undertaking a strategic business transformation into a data services provider of commodity trade flow data. Navarik is the only source in the world today that can track the physical movement of sea-borne petroleum products based on the actual physical inspection reports of the cargos. The Navarik Platform standardizes and processes trading and supply operational information. Some of the world′s largest oil producers, refiners and shipping companies are using the platform to realize a significant return on investment. The Navarik Platform enables trading and supply operations to make better operational decisions, mitigate risk, and increase productivity.

In July, 2020, all of the business assets of Navarik were sold in an asset purchase transaction for all cash consideration, which include contingent amounts comprising holdbacks and earnouts that may be paid in the future. The company changed its name to 3760073 Canada Corp. and is inactive. Its sole purpose is to receive and distribute to its shareholders any future payments from the buyer of the former assets of the company.


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PHEMI Systems Corporation

PHEMI is a big data warehouse company that lets organizations easily access and mine any variety of data at any volume to drive insights that lower costs, improve outcomes, and allow better decisions faster. With an industry-pioneering approach to privacy, security, and governance, PHEMI has developed PHEMI Central, which protects privacy and ensures legitimate use of data to drive continuous improvement and help organizations meet compliance and governance requirements. PHEMI Central brings both privacy and performance to big data solutions, along with the data management and control formerly only afforded by traditional enterprise data warehouses. PHEMI is a privately held company.


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Tantalus Systems Corp.

Tantalus provides Smart Grid communications technology that enables electric, gas & water utilities to optimize their resources by automating monitoring & control processes, improving operational efficiency, and delivering the information utilities and consumers need to manage energy intelligently and cost-effectively. TUNet™ the Tantalus Utility Network is deployed at utilities throughout North America determined to drive down operational costs, increase reliability and deliver top-tier customer service. TUNet provides the rapid and reliable two-way data communications utilities need today for Advanced Metering (AMI), Demand Response (DR), and Distribution Automation (DA), along with the flexibility and adaptability to scale step-by-step as the Smart Grid evolves.


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