Tech & Gadgets

Micrologic raises $45 million for sovereign cloud services

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Micrologic, a Quebec-based provider of cybersecurity and data hosting services, has secured $45 million CAD in funding from provincial investment groups. This development is significant for those tracking the tech landscape as it highlights growing demand for Canadian alternatives to dominant US cloud providers amid concerns about data sovereignty. The influx of capital will allow Micrologic to pursue more contracts across Canada and compete directly with industry giants like Amazon, Microsoft, and Alphabet.

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