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.
St. John’s
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.
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.
Ex-PathFactory CEO’s Sparrow BioAcoustics closes $10 million to turn smartphones into stethoscopes
Funding comes one year after the startup received FDA clearance for its Stethophone software solution.
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.
Tech hub watch: Genesis loses its CEO, Edmonton Unlimited welcomes a new one
Tom Viinikka joins Edmonton Unlimited, Michelle Simms to depart Genesis.