The Canadian AI Index

Investors / Fidelity

Fidelity

Fidelity is a corporate investor based in the United States. Fidelity has backed 6 Canadian AI companies in the Index, joining 9 tracked rounds and leading 2. The most recent was Tenstorrent's US$1.5B Series E in October 2026. Fidelity most often invests alongside Eclipse Ventures, EPIQ Capital Group and Bain Capital Ventures.

Corporate based in US. 6 Canadian AI companies in the Index, 9 tracked rounds, 2 as lead.

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Type
Corporate
HQ country
US
Companies
6
Tracked rounds
9
Led
2
First tracked deal
Tenstorrent, May 2021
Latest tracked deal
Tenstorrent, Oct 2026

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
TenstorrentSeries C · May 2021 · US$200M round (lead)Venture round · Aug 2023 · US$100M roundSeries E · Oct 2026 · US$1.5B roundUS$2.5BLed Series C
Skyfall AIVenture round · Jul 2026——
TaalasVenture round · Feb 2026 · US$169M roundUS$219M—
VentionSeries C · May 2022 · US$95M roundSeries D · Jan 2026 · US$110M roundC$352.3M—
Boosted.aiBridge/Extension · Nov 2024 · US$15M roundUS$15M—
Conquest PlanningSeries A · Feb 2023 · C$24M round (lead)C$132.8MLead

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

Frequent co-investors

Eclipse Ventures (3 shared rounds), EPIQ Capital Group (2 shared rounds), Bain Capital Ventures (1 shared round), Bolt (1 shared round), Desjardins Capital (1 shared round), Garage Capital (1 shared round), Georgian (1 shared round), HarbourVest Partners (1 shared round)

Data as of November 10, 2026.

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