The Canadian AI Index

Investors / CIBC Innovation Banking

CIBC Innovation Banking

CIBC Innovation Banking is a corporate investor based in Canada. CIBC Innovation Banking has backed 5 Canadian AI companies in the Index, joining 5 tracked rounds and leading 2. The most recent was Axya's C$17M Series A in September 2026. CIBC Innovation Banking most often invests alongside BDC Industrial Innovation Venture Fund, Battery Ventures and BMO Capital Partners.

Corporate based in Canada. 5 Canadian AI companies in the Index, 5 tracked rounds, 2 as lead.

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Type
Corporate
HQ country
Canada
Companies
5
Tracked rounds
5
Led
2
First tracked deal
Blue J, Apr 2020
Latest tracked deal
Axya, Sep 2026

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
AxyaSeries A · Sep 2026 · C$17M roundC$17M—
Bench IQSeed · Aug 2025 · US$5.3M roundUS$7.4M—
Nanoprecise Sci CorpSeries C · Mar 2025 · US$38M roundUS$48M—
WisedocsVenture Debt · Aug 2024 · C$4.5M round (lead)C$12.7MLead
Blue JVenture Debt · Apr 2020 · C$2M round (lead)C$190.8MLead

A round's size is the whole round as announced, not this investor's cheque.

Frequent co-investors

BDC Industrial Innovation Venture Fund (2 shared rounds), Battery Ventures (1 shared round), BMO Capital Partners (1 shared round), Export Development Canada (1 shared round), Haystack VC (1 shared round), Inovia Capital (1 shared round), Maple VC (1 shared round), McRock Capital (1 shared round)

Data as of November 10, 2026.

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