The Canadian AI Index

Companies / Cavelo

Cavelo

Cavelo is a defence and security AI company based in Kitchener-Waterloo, Ontario. It had raised C$10M as of November 2026, most recently a C$5M bridge round in July 2025 led by Inovia Capital.

Attack surface management with data classification ML.

cavelo.com

Suggest a correction

HQ
Kitchener-Waterloo, ON
Category
Defence/Security AI
Status
Active
Disclosed raised
C$10M

Funding history

RoundDateAmountInvestors
Bridge/ExtensionJul 29, 2025 C$5MInovia Capital (lead)
SeedNov 8, 2023 C$5MInovia Capital (lead); Graphite Ventures. C$5M all-equity, all-primary seed closed October 2023, announced Nov 8; led by new investor Inovia Capital with follow-on from Graphite Ventures and angels; Precedes the 2025 extension.

Founders

Also backed by

Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.

MaRS Investment Accelerator Fund

Sources

Data as of November 10, 2026.

Support the Index by subscribing to the newsletter.

This database updates weekly. Get the update, plus the week's Canadian AI news, by email.

Subscribe on Substack

Opens Substack in a new tab.