A consortium of bluetech support organizations that includes Dartmouth’s COVE ocean technology hub has signed a memorandum of understanding to collaborate on research planning, technology commercialization and supply chain management.

Announced at

Atlantic Canada’s ocean technology sector is growing faster than ever, but Entrevestor’s 2020 Startup Data Survey shows possible trouble ahead on the funding front.

Although just a few years old, the segment has already achieved a degree of

PanGeo Subsea, which was bought by fellow Newfoundland and Labrador company Kraken Robotics in July, will lead a $3.4 million Ocean Supercluster project to develop seafloor imaging technology for offshore energy installations.

Also on board are

St. John's-based Kraken Robotics said Monday it has closed a deal, announced last week, to raise $10 million from a consortium of investment bankers, who will then have the option to sell their stock on the TSX Venture exchange.

The $10 million

St. John's-based Kraken Robotics said Wednesday it has inked a deal to raise $10 million by selling shares to a consortium of underwriters led by investment bank Canaccord Genuity Corp. It will also buy another Newfoundland and Labrador company,