Companies / Ultimarii
Ultimarii
Ultimarii is an energy and climate AI company based in Calgary, Alberta. It had raised C$18.2M as of November 2026, most recently a C$13M Series A in September 2026 led by BDC Industrial Innovation Venture Fund and Mistral Venture Partners.
AI for regulatory and permitting work on energy, utility and mining projects.
ultimarii.com- Founded
- 2024
- Category
- Energy/
Climate AI - Status
- Active
- Disclosed raised
- C$18.2M
Funding history
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series A | Sep 10, 2026 | C$13M | BDC Industrial Innovation Venture Fund and Mistral Venture Partners (co-leads). more than $13M Series A and related financing; co-led BDC Capital Industrial Innovation Venture Fund and Mistral Venture Partners |
| Seed | Sep 9, 2025 | C$5.2M | Staircase Ventures (lead); Alpaca VC, Scale Good Fund |
Founders
- Doug Schweitzer, Co-founder.
- Josh Malate, Co-founder.
In the newsletter
Sources
Data as of November 10, 2026.