The Canadian AI Index

Companies / Mercator AI

Mercator AI

Mercator AI is an industrial and manufacturing AI company based in Calgary, Alberta. It had raised US$4.5M as of November 2026, most recently a US$3.8M seed round in March 2023 led by Freestyle Capital and Builders VC.

Construction intelligence for general contractors.

mercator.ai

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HQ
Calgary, AB
Category
Industrial/Manufacturing AI
Status
Active
Disclosed raised
US$4.5M

Funding history

RoundDateAmountInvestors
SeedMar 24, 2023 US$3.8MFreestyle Capital and Builders VC (co-leads). US$3.75M (C$5.1M) oversubscribed all-equity seed co-led by Freestyle Capital (BetaKit: "Freestyle Ventures"; recorded against the existing Freestyle Capital row) and Builders VC; total funding US$4.46M including the June 2022 C$1M pre-seed. Mistral portfolio company.
Seed2022 US$780KMistral Venture Partners

Sources

Data as of November 10, 2026.

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