PiinPoint, a location analytics startup that previously won $25,000 at the VeloCity Fund Finals, has become the latest company to participate in the Y Combinator accelerator program in Silicon Valley.
As part of winning the VeloCity Fund Finals, the startup also took up residency at the VeloCity garage at the University of Waterloo. All startups working at VeloCity must have one cofounder affiliated with the university.
Jim Robeson and Adam Saunders cofounded the company and set up offices at Velocity in January, moving to Mountain View, California soon after. PiinPoint is the seventh company from Velocity to participate in the Silicon Valley-based accelerator.
Y Combinator has produced such noteworthy Canadian companies like Flightfox and Upverter. Previous Velocity startups to participate in Y Combinator include reebee, Thalmic Labs, BufferBox, Couple, Vidyard and Pebble.
VeloCity’s Mike Kirkup commented that there exists a special connection between Waterloo and Silicon Valley. “The fact that PiinPoint is the seventh in a line of Velocity companies to be accepted to Y Combinator shows that something really exciting is happening here.”
“Y Combinator is widely accepted as the world’s leading technology accelerator and we are extremely proud that great startups like PiinPoint are building on their Velocity experience in Silicon Valley,” added Kirkup.
Robeson is a graduate of Waterloo’s Master of Business, Entrepreneurship, and Technology program at the Conrad Centre. Saunders is a current student in the Faculty of Environment.