Kraken Acquires UK Company for $615M
The oceantech giant is raising about $350M to help fund the purchase.
St. John’s-based Kraken Robotics Inc. has agreed to acquire British underwater-tech company Covelya Group for $615 million in cash and stock.
Announced late last week,
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AKA Partners with 2 South Korean Companies
Montague, P.E.I.-based AKA Energy Systems has signed a teaming agreement with South Korean shipbuilder Hanwha Ocean Co. and technology firm KTE Co.to collaborate on Canada’s Canadian Patrol Submarine Project.
The tri-party agreement was formalized
Raymex Launches Amid Dragons’ Den Frenzy
Tracey McGillivray was so busy preparing for a factory inspection in late January that she didn’t realize CBC had posted the trailer for Axtion Independence Mobility’s coming appearance on Dragons’ Den.
So she was flabbergasted that night when she
Ocean Supercluster Unveils Desalination Project
Canada’s Ocean Supercluster has announced a $4.1 million project to provide AI-powered monitoring of a sustainable wave-powered desalination project.
The project will be led by Oneka Technologies of Sherbrooke, Quebec, working with partners. It
Spellbook on Track for US$100M ARR this Year
St. John’s-based Spellbook, which makes generative AI products for law firms, has revealed that it tripled its revenue in 2025 and is on track to hit US$100 million (C$133 million) in annual recurring revenue this year.
Co-Founder and CEO Scott
Free Invest Canada Tickets for Female Investors
The Canadian Venture Capital and Private Equity Association, or CVCA , is offering 10 fully funded tickets to Invest Canada '26 to senior women investment professionals experiencing barriers to access.
Invest Canada is a national venture capital
