Quebec’s sovereign cloud player Micrologic has raised C$45 million from local backers to win more contracts across Canada.
News: Digital cloud technology provider Micrologic announced Thursday that it has raised $45 million in funding from Quebec backers: $25 million from the union-sponsored Fonds de Solidarité FTQ and $20 million from a fund managed by the Quebec government’s investment arm, Investissement Québec. BetaKit reached out to Micrologic for more details on the funding round.
The company, which provides cybersecurity, information technology, data hosting and artificial intelligence services to government and private companies, positions itself as an alternative to US cloud providers.
From the source: “It drives us crazy that millions of dollars in contracts are going to American giants when there are Canadian solutions that are just as good and cost less,” said Micrologic CEO Stephane Garneau. La Presse this week in French notes that BetaKit translated.
Context: In Canada, three American companies (Amazon, Microsoft and Alphabet) control 85 percent of the cloud services market, according to the Canadian Antitrust Project. Since the trade war between Canada and the United States broke out in early 2025, the Canadian business world has been paying closer attention to Canadian alternatives to digital infrastructure. Domestic telecommunications companies, including Bell and Telus, have launched their own cloud computing and data center networks.
Last thought: Amid talk of digital ownership, Micrologic’s home province of Quebec continues to sign deals with US hyperscalers despite launching a digital sovereignty strategy earlier this year. Garneau argued that La Presse that working with Micrologic instead of American partners could allow the company to raise $2 billion over the next five years in Quebec rather than in the hands of American companies.
Image courtesy of Micrologic.