Rockport receives $12 million FedDev investment for data storage project
Summary
Through this project, Rockport aims to create software-enabled network systems for data storage, in order to make them faster and more secure, while using less electricity. This government investment in Rockport Networks is being made through the Strategic Innovation Fund, which opened its fifth stream for organizations leading partnerships with various industry stakeholders, in June. “Our innovation will drive the need for hundreds of additional knowledge-based jobs, inventing and applying new intellectual property to create sustainable network technology and new levels of cybersecurity protection.” Founded in 2012, Rockport has developed a new networking model aimed at ushering in a faster, more efficient, and cleaner approach to data centre connectivity. “Our investment in Rockport Networks is not only making sure Canadians’ data is more secure but also helping to reduce greenhouse gas emissions, solidifying Canada’s position as a world leader in digital network technologies.” The company had previously received about $4 million in funding from Sustainable Development Technology Canada as part of a $45 million investment in cleantech projects across Canada. More recently, the company received a loan from FedDev Ontario totalling to nearly $3 million to support the commercialization of its autonomous networking solution.