The Canadian AI Index

Companies / Coveo

Coveo

Coveo is an enterprise SaaS AI company based in Québec City, Quebec. It received a C$15.2M grant in September 2024 from Government of Canada — Strategic Innovation Fund. It is listed on the TSX as CVO.

Enterprise AI relevance platform for search, recommendations and generative answering.

coveo.com

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Founded
2005
HQ
Québec City, QC
Category
Enterprise SaaS AI
Status
Public
Disclosed raised
C$15.2M

Funding history

RoundDateAmountInvestors
GrantSep 12, 2024 C$15.2MGovernment of Canada — Strategic Innovation Fund (lead). Strategic Innovation Fund contribution announced Sep 12 2024 toward a C$100M project adding generative AI to the Coveo platform; expected to create and maintain 590 jobs. Recorded as a contribution to the company's own product, not to a facility

Founders

Also backed by

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

BDC Diversified Portfolio

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Sources

Data as of November 10, 2026.

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