Companies / Fairly AI
Fairly AI
Fairly AI is an enterprise SaaS AI company based in Kitchener-Waterloo, Ontario. It had raised C$2.6M as of November 2026, most recently a C$300K grant in December 2025 from FedDev Ontario.
AI governance, risk and compliance management platform for teams building and deploying AI systems.
asenion.ai- Founded
- 2020
- Category
- Enterprise SaaS AI
- Status
- Active
- Disclosed raised
- C$2.6M
Funding history
| Round | Date | Amount | Investors |
|---|---|---|---|
| Grant | Dec 17, 2025 | C$300K | FedDev Ontario (lead). FedDev Ontario RAII |
| Seed | Apr 19, 2023 | US$1.7M | Flying Fish Partners (lead); Backstage Capital, X Factor Ventures, Loyal VC, NEXT Canada. US$1.7M (C$2.2M) seed led by Flying Fish Partners with Backstage Capital, X Factor Ventures, Loyal VC, NEXT Canada and angels |
Founders
- David Van Bruwaene, Co-founder & CEO.
- Fion Lee-Madan, Co-founder & COO.
Sources
Data as of November 10, 2026.