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, the deal combines two providers of subsea technology serving defence and commercial maritime markets, with the goal of offering a greater range of mission-critical products in more geographic markets.

The purchase price includes

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 on March 5 during Hanwha Ocean’s CPSP Partners’ Day event in Ottawa. It establishes a framework for cooperation on submarine power distribution,

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 checked the Halifax-based company’s social media accounts and saw video on the company she co-founded had gone viral.

And that was nothing to the

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 aims to accelerate the commercialization and AI-enablement of Canadian ocean hardware platforms to support the global scaleup of sustainable wave-powered

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 Stevenson revealed the strong performance in an interview with the Globe and Mail this week. He was speaking as Spellbook announced it had secured US$40

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 and private equity conference, bringing together the funds raising capital, the institutions allocating it, and the policymakers shaping the

The federal government on Tuesday announced more than $8.5 million in funding for 40 projects to support artificial intelligence adoption across Atlantic Canada.

“Artificial intelligence is one of the greatest economic opportunities of our time,” said Evan Solomon, Canada’s Minister of Artificial Intelligence and Digital Innovation, who announced the funding during an event at Volta in Halifax.

With access to $6 million in capital, Clean Valley CIC has signed six contracts with oyster farming operations ranging from its home in Atlantic Canada to such far-flung markets as Portugal and Brunei.

Founded in 2018, Clean Valley has developed technology for growing algae in wastewater from land-based aquaculture pens. The algae can then be fed to oysters, after which the now-filtered water is

The New Brunswick Innovation Foundation has announced the five finalists for its breakthru pitch competition, which features a total prize pot of $200,000.

The New Brunswick government’s innovation agency announced last year it was resurrecting the Breakthru brand, which is designed to offer coaching and capital to the best new tech companies in the province. More than 80 teams entered the

Fredericton-based anessa, which makes software for the biogas industry, has announced partnerships with two major French energy companies, TotalEnergies and CVE Biogaz.

Founded in 2017 by chief executive Amir Akbari and chief technology officer Dr. Farough Motasemi, anessa develops software that supports biogas developers and operators from early-stage project assessment through to plant