Blockchain Registration Transaction Record

Canada Invests $1M+ in Skkynet to Boost Secure Industrial AI Development

Skkynet secures C$1.04M from Canada's FedDev Ontario for a C$2.6M project to develop secure Industrial AI technologies, enhancing real-time data bridges for safer AI adoption in industrial automation.

This news matters because it represents a strategic investment in securing critical industrial infrastructure while advancing AI adoption in high-stakes environments. As industries worldwide increasingly rely on AI for optimization and control, security vulnerabilities in operational networks pose significant risks to safety, productivity, and economic stability. Skkynet's development of secure data bridges addresses this pressing need by enabling AI integration without compromising network security, potentially preventing costly breaches or operational failures. For businesses, this means more reliable and efficient industrial processes; for Canada, it strengthens technological sovereignty and competitiveness in the global industrial software market. The government's backing signals confidence in homegrown innovation that could set standards for secure industrial AI worldwide.