Vancouver’s Elastic Path raises $43m, plans to hire 50 more workers

Vancouver-based software firm Elastic Path has closed its latest funding round to the tune of $43 million. “We hit cash-flow positive in 2016. That really set us up now for taking that foundation that we’ve built and really starting to pour some resources towards it,” CEO Harry Chemko told Business in Vancouver. Elastic Path recently opened a new office in Toronto and Chemko said the goal by year’s end is to add at least 50 people onto its current roster of more than 150 employees.