Batteries, services helped ocean tech firm Kraken Robotics sail to strong profit and revenue in 2024
The undersea robotics startup tops the 2025 TSX Venture 50 List despite hardware market challenges.
Newfoundland
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.
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.
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.
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.
Feds announce $4 million for Atlantic Canada tech startups through ACOA
Eight of the 10 startups are Nova Scotia-based, including Milk Moovement and UpBeing.
Hunting remote sea mines helped Kraken Robotics’ revenue swell in Q1
Firm helping the Canadian Navy identify and dispose of underwater explosives off Canada’s coasts.
CoLab raises $28.6-million CAD Series B to grow its team and incorporate AI
CoLab CEO Adam Keating said he expects to grow the team from 86 to 125 employees by the end of the year.
Meet the founder who wants to expedite Parkinson’s patient care with her tech
Bronwyn Bridges discusses her journey into healthtech with PragmaClin and her entrepreneurial “superpower.”
Lighthouse Labs, TechNL each secure over $20 million in federal funding for tech upskilling programs
Two orgs aim to train thousands of students to meet tech sector talent demands.
Mining, energy companies lead TSXV’s list of 50 top-performing public companies
Newfoundland’s Kraken Robotics tops technology category.
Smart thermostat startup Mysa raises $20.3 million
Newfoundland-based smart thermostat tech company Mysa has raised $20.3 million CAD in its all-equity Series B funding round…
Following recent top-up, Superclusters allocate funding to new initiatives
The Next Generation Manufacturing Canada (NGen) and Ocean Superclusters have announced millions in fresh project funding, and…
Funding roundup: Voiceflow, Cold Bore, Kraken Robotics, Spark, Novamera, QuoteToMe
Six Canadian tech companies have recently secured fresh funding to fuel their growth. Here’s the latest on who raised money,…