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Category: Technology

Xanadu receives $195M from feds to build quantum computing plant

John Dujay Technology Xanadu Quantum Technologies Toronto Sep. 1 2026

Xanadu Quantum Technologies (XNDU-T) will use a $195-million investment from the federal government to refurbish a Toronto facility in order to build “fault-tolerant, utility-scale, photonic quantum computers.”

Kraken Robotics touts benefits of $615M Covelya acquisition

David George-Cosh Technology Kraken Robotics International Aug. 28 2026

Kraken Robotics Inc. (PNG-X) reported modest revenue growth in its final quarter before completing the $615-million acquisition of Covelya Group, a deal that sharply expands the Canadian marine-technology company's market reach.

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