QUÉBEC CITY, Sept. 10, 2026 /CNW/ -- Micrologic is embarking on a new chapter of growth after raising $45 million in a funding round backed by the Fonds de solidarité FTQ and Investissement Québec.
$45 million to fuel Micrologic's pan-Canadian expansion as the nation's leading provider of sovereign cloud solutions
The investment includes $25 million from the Fonds de solidarité FTQ and $20 million from the Government of Quebec through the Fonds pour la croissance des entreprises québécoises (FCEQ), managed by Investissement Québec. Micrologic will use the funds to accelerate the rollout of its sovereign cloud services to large public and private organizations across Quebec and Canada, at a time when cybersecurity, data protection and digital sovereignty have become strategic priorities.
With its Cirrus Cloud sovereign cloud platform, Micrologic offers a fully Canadian-based data hosting and processing solution that operates under Canadian law only and complies with increasingly stringent requirements for cybersecurity and digital sovereignty. This is the only Canadian sovereign cloud recognized by Gartner, in a market evaluated at $26B.
Support from the Fonds de solidarité FTQ and the Government of Quebec will enable Micrologic to sustain its growth momentum and strengthen its ability to serve large public and private organizations, while helping to generate wealth and create highly skilled jobs in Quebec. The investment also comes at a time when organizations are looking to reduce their reliance on foreign technology providers and gain greater control over how their data is stored, handled and protected.
"Today marks a pivotal moment in Micrologic's journey. The trust our financial partners have placed in us empowers us to accelerate our growth and advance a clear vision to establish Micrologic as a Canadian leader in sovereign cloud solutions," said Stéphane Garneau, President of Micrologic. "We have shown that we can reduce our reliance on foreign technology providers by leveraging local expertise developed by a local company operating under local laws. This investment will enable us to support a growing number of public and private organizations seeking secure, sovereign cloud solutions that give them better control over their data and help them reduce their exposure to foreign laws and interference. With demand at unprecedented levels, the time is ripe to build a true Canadian industry leader. I am extremely proud to begin this new chapter, and I am deeply grateful to our partners, our teams and our clients, all of whom share our vision."
"By supporting Micrologic, the Fonds de solidarité FTQ is investing in an innovative business that actively contributes to strengthening Quebec's digital sovereignty and competitiveness," said Saloua Benkhouya, Vice President, Private Equity and Impact Investing, at the Fonds de solidarité FTQ. "At a time when data protection and cybersecurity have become a critical concern, it is essential to support the growth of a leading local tech company that can deliver robust cloud solutions backed by strategic expertise."
About Micrologic
Micrologic is a Canadian company that has been driving the digital transformation of large private and public organizations for over 40 years. They have developed the only Canadian sovereign cloud recognized by Gartner, and is powered by sustainable energy. With over 30 government organisations and large enterprises as customers, the company has increased its revenue tenfold over the past decade, generating over $1.5 billion in revenue.
The company's president, Stéphane Garneau, has been named CEO of the Year by Les Affaires and the Association québécoise des technologies, and selected as a finalist in the EY Entrepreneur of the Year Award.
About Fonds de solidarité FTQ
A source of pride for Quebecers, the Fonds de solidarité FTQ fulfills its mission through a unique business model created more than 40 years ago. Since then, the Fonds has brought Quebecers together by channeling the retirement savings of more than 828,000 shareholders-savers into investments that support Québec's economy. With net assets of $23.7 billion as of May 31, 2026, the Fonds supports thousands of companies through direct and indirect venture and growth investments, resulting in investments that generate both a financial and societal impact. In fiscal 2025–2026, the Fonds and its local, regional and real estate networks invested $1.9 billion in Québec's economy. For more information, visit fondsftq.com or follow us on LinkedIn.
SOURCE Micrologic
For more information: Micrologic, Mélanie DesRosiers, responsable des communications, [email protected], 514-317-1745, poste 548; Fonds de solidarité FTQ, Cécile Amara, Media Relations Advisor, 438-467-0965, [email protected]; Ministère de l'Économie, de l'Innovation et de l'Énergie, Direction of Communications, [email protected]
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