Companies / Peripheral Labs

Founded

2024

HQ

Toronto, ON

Category

Media/Creative AI

Status

Active

Disclosed raised

US$12.3M

Funding history

Round	Date	Amount	Investors
Seed	Aug 17, 2026	US$8.7M	Inovia Capital and Deloitte Ventures (co-leads); Khosla Ventures, Entrepreneurs First. total US$12.5M; follows US$3.6M Khosla seed
Seed	Dec 18, 2025	US$3.6M	Khosla Ventures (lead); Daybreak Capital, Entrepreneurs First, Transpose Platform. Khosla led; Daybreak Capital, Entrepreneurs First, Transpose Platform

Founders

• Kelvin Cui, Co-founder/CEO.
• Mustafa Khan, Co-founder.

In the newsletter

• CanadianAI: Ontario charges data centres full freight, and Convictional gives the money backAug 18, 2026
• Canadian AI: Two more VC funds, $57M from the gov't to AI startups and research, and Cohere had another big week.May 26, 2026

Sources

• betakit.com: Peripheral Labs seed announcement
• Covered in Canadian AI Newsletter, Issue 22
• techcrunch.com: Peripheral Labs seed announcement

Data as of September 26, 2026. Suggest a correction