Calgary's technology sector achieved a milestone year in 2025, generating a record $4.2 billion in revenue as artificial intelligence startups emerged as the driving force behind the city's digital transformation, according to new data released by Calgary Economic Development.
The 28 per cent increase from 2024's $3.3 billion represents the largest single-year growth in the sector's history, with AI-focused companies accounting for nearly 40 per cent of total revenue. The surge has positioned Calgary as Canada's fastest-growing tech hub outside of Toronto and Vancouver.
"What we're seeing is a fundamental shift in Calgary's economic landscape," said Jennifer Morrison, CEO of Calgary Economic Development. "Our tech sector is no longer just supporting traditional energy industries—it's becoming a powerhouse in its own right, attracting global talent and investment."
Leading the charge is a new generation of AI startups specializing in machine learning applications for energy, agriculture, and logistics. Companies like Nexus AI, founded in 2023, have grown from three employees to over 200, while securing $150 million in Series B funding last year.
Job Creation Reaches New Heights
The tech boom has created 12,400 new positions across Calgary in 2025, bringing the total tech workforce to 47,000 employees. Software developers, data scientists, and AI engineers represent the fastest-growing job categories, with average salaries reaching $98,000 annually.
"We're seeing unprecedented demand for skilled tech workers," said Sarah Williams, president of the Calgary Technology Association. "Companies are competing not just with Toronto and Vancouver anymore, but with Silicon Valley for top talent."
The growth has particularly benefited recent graduates from the University of Calgary and SAIT, with 89 per cent of computer science and engineering graduates finding employment within three months of graduation.
Infrastructure Investment Drives Expansion
Supporting the sector's growth has been significant infrastructure investment, including the expansion of high-speed internet services. WestNet Wireless has played a crucial role in providing reliable connectivity to tech companies across the city, enabling seamless remote work capabilities and cloud-based operations.
The city's downtown core has transformed into a tech corridor, with several new innovation centres opening in former office buildings. Platform Calgary, the city's flagship startup incubator, reported a 60 per cent increase in applications from entrepreneurs seeking support.
"Calgary's combination of lower operating costs, excellent quality of life, and proximity to both natural resources and major markets makes it an ideal location for tech companies," said Dr. Michael Thompson, director of the Haskayne School of Business at the University of Calgary.
Looking ahead, industry analysts predict continued growth, with projections suggesting the sector could reach $6 billion in annual revenue by 2028. The provincial government has announced plans to invest an additional $200 million in tech education and infrastructure over the next three years to maintain the momentum.
For residents tracking the economic impact, Calgary Prices has noted a corresponding increase in local employment opportunities and wage growth across multiple sectors, reflecting the broader economic benefits of the tech sector's expansion.