Skkynet Launches C$2.6 Million Industrial AI Initiative with Canadian Government Support

Skkynet Cloud Systems, Inc. announced a new C$2.6 million project to accelerate the development of secure Industrial AI technologies, with partial funding from a C$1.04 million investment from the Government of Canada through the Federal Economic Development Agency for Southern Ontario. This initiative represents a significant step in enhancing AI adoption within industrial automation while addressing security concerns that have traditionally hindered implementation. The project focuses on developing secure, real-time data bridges that allow industrial operators to feed training data to AI models and execute AI-driven control logic without exposing critical operational networks to security risks.

The announcement was highlighted during a public event featuring the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario. Minister Solomon emphasized the importance of supporting companies like Skkynet to strengthen Canada's position in the industrial software market. Southern Ontario is home to a thriving tech ecosystem and Skkynet is a great example of the innovation happening right here in our community, said Minister Solomon. By helping companies like Skkynet scale their AI capabilities, we are strengthening our local economy and securing Canada's place as a leader in the industrial software market.

This investment will support Skkynet in enhancing its proprietary Cogent DataHub® data intelligence platform to better serve the rapidly growing demand for Industrial Artificial Intelligence. The project will expand Skkynet's engineering team and accelerate the commercialization of next-generation Industrial AI solutions tailored for complex industrial environments where security is paramount. It will also help solidify Skkynet's presence in both domestic and international markets. Today's announcement marks a major milestone for Skkynet and Canada's industrial AI ecosystem, said Gary Tillery, CEO of Skkynet. With this support from FedDev Ontario, we can expedite our delivery of our leading-edge AI capabilities that will help industries optimize operations, improve efficiency, and compete globally.

The initiative addresses a critical gap in industrial technology by enabling secure AI implementation in environments where operational networks must remain protected. Paul Thomas, President of Skkynet, attended the announcement event and expressed gratitude for the government support. We are grateful for the Government of Canada's support through FedDev Ontario, said Thomas. Attending the announcement with Minister Solomon yesterday, it was clear that the government is committed to fostering a robust AI ecosystem. This contribution will allow Skkynet to fast-track critical developments in our technology, ensuring that industrial clients can adopt AI solutions securely and effectively.

The project received strategic guidance from Aarif Nakhooda, CFO of CoreAI and Customer Success at Keystone AI and Advisor to Skkynet, whose expertise in artificial intelligence frameworks and enterprise strategy helped refine the project's scope. This ensures that Skkynet's new developments will effectively address the rigorous demands of modern industrial environments. For more information about Skkynet and its Industrial AI initiatives, visit https://skkynet.ai. The Federal Economic Development Agency for Southern Ontario has worked for 16 years to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation. Learn more about the impact the Agency is having in southern Ontario by exploring their investment profiles at https://feddev-ontario.canada.ca.