Decoder.ca

Canadian Tech in 100 Words

Data Centre Cooling Specialist May Change Hands

by

New York-based investor KKR is exploring a potential sale of Canadian cooling specialist CoolIT Systems, according to the Financial Times. Advisors have been hired to assess buyer interest. Mubadala Investment Company holds a minority stake.

CoolIT designs liquid cooling systems for data centres, circulating low-temperature fluids to dissipate heat from servers increasingly strained by artificial intelligence workloads. The method is rapidly replacing traditional air cooling as facilities scale. A sale could command a premium over CoolIT’s reported US$270 million valuation when KKR acquired it in 2023.

Want to know more? Check out the source code on The Logic.

UniUni Raises $85M for Logistics Expansion

by

Richmond-based UniUni has secured USD $85 million to expand automation and operations across North America. The financing comprises a $30 million equity round led by Rockets Capital and a $55 million credit facility from Royal Bank of Canada, bringing total funding to $285 million.

Chief executive Peter Lu said proceeds will advance sortation systems and core infrastructure. UniUni now serves 65% of the United States and 80% of Canada, reaching more than 500 cities. The company targets faster, more reliable last-mile delivery for e-commerce merchants.

Want to know more? Check out the source code on Techcouver.com.

EverWind Secures $200M for Nova Scotia Projects

by

Halifax-based EverWind Fuels has secured more than $200 million to advance a 650-megawatt onshore wind portfolio and the Point Tupper Green Fuels Project. Financing came from Nuveen through its infrastructure credit arm and Energy Power Infrastructure Credit II fund.

Founder and chief executive Trent Vichie called the deal a vote of confidence in Nova Scotia. Portfolio manager Don Dimitrievich cited scalable infrastructure strategy. Construction begins 2026, operations targeted 2028. Founded 2021, EverWind projects jobs, procurement, and tax benefits provincewide.

Want to know more? Check out the source code on CleanEnergy.ca.

AI Use Surges Across Legal Profession

by

Nearly seven in ten legal professionals now use artificial intelligence tools at work, according to the 2026 Legal Industry Report by 8am. Drawing on 1,300 respondents, the study found 69% use general AI tools and 61% report weekly time savings, yet fewer than half receive formal training on responsible deployment.

Researchers warn governance and risk oversight trail adoption. Access to justice remains strained by high costs and court inefficiencies. Respondents also cited polarization and misinformation as threats to institutional stability. Formerly AffiniPay, 8am develops LawPay, MyCase, and DocketWise.

Want to know more? Check out the source code on LegalTech.ca.

Foresight Canada Names National Cleantech Finalists

by

Foresight Canada has unveiled finalists for the inaugural Canadian Cleantech Awards, recognizing ventures, adopters, funders, and ecosystem leaders advancing net-zero and economic resilience.

Winners will be announced May 13 at the Climate Innovation Zone during Web Summit Vancouver, alongside partners NorthX Climate Tech, Innovate BC, Alacrity Canada, CRIN, and Simon Fraser University. Categories span Venture, Adopter, Funder, and Champion honors nationwide. Interim chief executive David Sanguinetti praised innovators’ national impact.

Want to know more? Check out the source code here.

Coalition Targets $100M for Carbon Removal

by

Canada’s carbon removal sector received a boost with the launch of the Advance Carbon Removal Coalition (ACR), an initiative aimed at mobilizing $100 million for Canadian carbon dioxide removal projects by 2030.

Led by Carbon Removal Canada, the coalition brings together founding members including the Government of Canada, BMO, ClimeFi, NorthX, RBC, Shopify, and Vancity. Together, the organizations have already committed more than $75 million to the country’s emerging carbon removal ecosystem. ACR will focus on increasing demand for high-integrity carbon removal credits, helping projects secure financing and scale deployment. Supporters say stronger demand signals are essential for Canada to compete in the rapidly growing global carbon removal market.

Want to know more? Check out the source code on CleanEnergy.ca.

TD Tops Canada in Global Banking Brand Value

by

TD Bank Group has again been named Canada’s most valuable banking brand, according to London-based consultancy Brand Finance. TD’s 2026 brand value climbed 28% to USD $22.3 billion, placing 14th globally. Royal Bank of Canada ranked 16th with USD $18.8 billion and was deemed strongest among Canadian customers.

Managing Director Alfred DuPuy cited resilient domestic franchises. CIBC, Scotiabank, and BMO completed the top five. Nine Canadian banks contributed USD $80.4 billion, fourth globally. RBC leads AI adoption nationally.

Want to know more? Check out the source code on Fintech.ca.

GeoComply Unveils Unified Identity Platform for Brazil

by

Vancouver-based GeoComply has introduced a unified identity platform tailored to Brazil’s newly regulated iGaming sector, integrating know-your-customer verification, fraud detection, and geolocation compliance within a single system. The launch follows Brazil’s move to formalize its fast-expanding online betting market, bringing stricter identity and compliance obligations for operators.

Chief executive Kip Levin said the platform replaces fragmented vendor stacks with centralized infrastructure. Built around a managed KYC waterfall, the system enables CPF-based document-free registration while applying behavioural and device intelligence. Member BC Tech Association says innovation strengthens provincial industry competitiveness.

Want to know more? Check out the source code on Techcouver.com.

Bank of Canada Signals Open Banking Delays

by

Bank of Canada signalled further uncertainty around the rollout of open banking, with payments head Ron Morrow cautioning that timelines remain unclear. Speaking in Toronto, Morrow said officials are still compiling requirements before setting a launch date, making a 2026 debut doubtful.

Canada’s framework will mandate standardized data sharing at customer request and replace screen scraping practices Ottawa plans to ban. Oversight recently shifted from Financial Consumer Agency of Canada. The government pledged reforms under Prime Minister Mark Carney. Despite budget reductions, the central bank expressed confidence.

Want to know more? Check out the source code on The Logic.

New Canadian Data Centre Network Debuts

by

InfraRed Capital Partners has launched Qu Data Centres, a new Canadian digital infrastructure platform operating nine facilities across Calgary, Edmonton, London, Ottawa, and Toronto.

The platform offers up to 49 megawatts of capacity and serves more than 750 customers, including enterprise, government, cloud, and AI clients. The facilities were acquired from Rogers Communications, which will continue selling data centre services and providing network connectivity into the sites. InfraRed says Qu is designed to deliver secure, sovereign infrastructure as demand grows for Canadian-hosted data and AI compute.The company will offer colocation, cloud, and connectivity services while pursuing expansion opportunities across Canada.

Want to know more? Check out the source code here.