The Canadian AI Index

Investors / InBC Investment Corp

InBC Investment Corp

InBC Investment Corp is a government or Crown investor based in Canada. InBC Investment Corp has backed 3 Canadian AI companies in the Index, joining 4 tracked rounds and leading 1. The most recent was 4AG Robotics's C$40M Series B in July 2025. InBC Investment Corp most often invests alongside BDC Industrial Innovation Venture Fund, Astanor and BDC Thrive Venture Fund.

Government/Crown based in Canada. 3 Canadian AI companies in the Index, 4 tracked rounds, 1 as lead.

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Type
Government/Crown
HQ country
Canada
Companies
3
Tracked rounds
4
Led
1
First tracked deal
4AG Robotics, Nov 2023
Latest tracked deal
4AG Robotics, Jul 2025

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
4AG RoboticsSeries A · Nov 2023 · C$17.5M round (lead)Series B · Jul 2025 · C$40M roundC$57.5MLed Series A
Novarc TechnologiesSeries B · Mar 2025 · US$50M roundC$101.2M—
Sanctuary AIVenture round · Jul 2024US$58.5M—

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), Astanor (1 shared round), BDC Thrive Venture Fund (1 shared round), Cibus Capital (1 shared round), Emmertech (1 shared round), Export Development Canada (1 shared round), Graham Partners (1 shared round), James Richardson & Sons (1 shared round)

Data as of November 10, 2026.

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