recent oceantech news
Cascadia Seaweed Eyes $10M Raise
Having refocused its business on products for farmers, Cascadia Seaweed is setting out this year to raise about $10 million to fund a bioprocessing plant and the exponential growth of its seaweed production.
The Sidney, BC-based company, which
Kraken Robotics Made $40M Revenue in 2022
St. John’s-based Kraken Robotics has hired a new chief technology officer in the wake of finishing its absorption of fellow Newfoundland and Labrador company PanGeo Subsea and increasing its annual revenue by more than 50 percent.
Founded by former
ReelData Raises US$8M
ReelData, the Halifax company that makes artificial intelligence for land-based aquaculture, has raised a US$8 million (C$10.7 million) Series A funding round as it looks to commercialize its second product offering next quarter.
ReelData’s first
Fostering Indigenous Participation in Oceans
Canada’s Ocean Supercluster, or OSC, has announced its Two-Eyed Seeing initiative, which aims to promote Indigenous participation in Canada’s ocean economy.
The national group, which is based in Atlantic Canada, said in a statement the initiative
Bluetech: Ashored Raises US$1M from Builders Vision
Bedford, N.S.-based Ashored Innovations has raised US$1 million (C$1.36 million) from the Californian Builders Vision impact fund as part of a larger seed round.
The funding comes as Ashored, which sells fishing gear designed to reduce accidental
BC Group Makes Recycled Ocean Plastic Commercially Available
British Columbia-based non-profit Ocean Legacy has begun producing what it calls the first commercially available plastic pellet in North America made from 100 per cent recycled ocean plastics. The foundation has also announced a partnership with
Bluetech: Invest NS Announces OceanTech Pilot Program
Invest Nova Scotia has announced the first six startups participating in its OceanTech Pilot Program, which gives early-stage bluetech companies the chance to test their pre-commercialization products.
The participating companies will split $50,000
Compusult To Lead $6.3M Mapping Project
Mount Pearl, NL-based Compusult, a geospatial software company, is leading a new $6.3 million project announced by Canada’s Ocean Supercluster last week to help chart the country’s coastline.
The supercluster issued a press release unveiling the
Launching our 2022 Bluetech Survey
At Entrevestor, we’re launching our second annual survey for oceantech startups across Canada, and we’re looking for founders willing to take a few minutes to complete it.
We produce two major reports each year. Early in 2023 we will release our
GreenSage Raising Angel Round, Preps for Launch
Halifax- and Ontario-based GreenSage Prebiotics has been accepted into Charlottetown’s Emergence virtual incubator for life sciences companies and is raising a $700,000 angel round as it prepares to commercialize its fish food supplement in early
Bluetech: Whale Seeker Lands $529K Contract
Montreal-based Whale Seeker has been awarded a $529,000 contract from Innovative Solutions Canada to use its artificial intelligence technology to analyze Arctic marine mammal stocks.
The parties issued a press release last week saying Whale Seeker
Gazpek Plans Subsea Data Centres
Kyle Burton, a blue economy veteran with experience working for multiple startup support organizations, is launching his own company to build subsea computer data centres.
Gazpek, as Burton dubs his ambitious new business, hopes to place server