ExxonMobil takes CoLab Software’s AI tool out to sea with $5.6-million oil rig partnership
R&D funding supported hiring of 17 full time employees at CoLab’s St. John’s headquarters.
Atlantic Canada
Kraken Robotics looks to peer further under the sea with $24.5-million acquisition of 3D at Depth
Acquisition of US-based firm to build on Newfoundland company’s subsea imaging expertise.
Dispersa closes $5.8 million to turn food waste into chemicals for everyday products
Cleantech startup’s seed round was financed entirely by Canadian investors.
Tribe Network among second round of federal 2SLGBTQI+ Ecosystem Fund recipients
Latest round deals $2.8 million across 12 groups and strengthens program support in Northern and Atlantic regions.
New government-backed tech hub The Foundry launches in PEI
New hub backed with more than $1.5 million in federal and provincial funding.
Kraken Robotics emerges from the deep to take top spot on 2025 TSX Venture 50 list
The mining sector dominated the list, with a combined 12 tech companies making the cut.
Ocean innovator and Kraken Robotics founder Karl Kenny passes away at age 64
Kenny founded numerous Atlantic Canada tech companies before retiring in 2022.
Sound Blade closes $23.8-million Series A for ultrasound tech targeting liver tumours
Halifax-based startup says tech selectively destroys tumour tissue in non-invasive procedure.
Atlantic Canada’s startups are finding creative ways to grow
Axtion, Curv Health among those navigating limited access to venture capital in the region.
Deep tech is thriving in the Maritimes
Atlantic Canada is emerging as a global hardware powerhouse.
Musical AI partners with India’s Beatoven.ai to create “fully licensed” AI song generator
Music tech startups join forces to compensate IP holders for songs created with AI.
Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
Invest Nova Scotia has recovered most of stolen funds following summer scam
Justice Department helped return majority of $573,000 lost to email breach and phishing attack.
Planetary Technologies secures $15.8-million CAD Series A to alkalize the oceans and fight climate change
Startup’s platform claims to to enhance the ocean’s ability to remove carbon dioxide from the atmosphere.
Kraken Robotics raises $51.75 million CAD through bought deal public offering
Toronto-based investment bank Cormark Securities served as lead underwriter of the offering.