Companies / Ontario
AI companies in Ontario
The Canadian AI Index tracks 281 AI companies headquartered in Ontario. They have raised C$7.2B across 214 rounds, including C$2.4B in 2026.
Largest rounds
| Company | Round | Date | Amount | Investors |
|---|---|---|---|---|
| Waabi | Series C | Jan 2026 | US$750M | Khosla Ventures, G2 Venture Partners (leads) and 9 more |
| Cohere | Venture round | Aug 2025 | US$500M | Radical Ventures, Inovia Capital (leads) and 5 more |
| Cohere | Series D | Jul 2024 | US$500M | PSP Investments (lead) and 6 more |
| Cohere | Series C | Jun 2023 | US$270M | Inovia Capital (lead) and 9 more |
| Beacon | Series B | Nov 2025 | US$250M | General Catalyst, Lightspeed Venture Partners, D1 Capital Partners (leads) |
| Beacon | Series C | Jan 2026 | US$225M | General Catalyst, HarbourVest Partners (leads) and 6 more |
| Waabi | Series B | Jun 2024 | US$200M | Uber, Khosla Ventures (leads) and 4 more |
| Taalas | Venture round | Feb 2026 | US$169M | Quiet Capital, Fidelity, Pierre Lamond |
| Biossil | Venture round | Sep 2026 | US$153M | OpenAI Startup Fund (lead) and 7 more |
| Blue J | Series D | Aug 2025 | US$122M | Oak HC/FT, Sapphire Ventures (leads) and 3 more |
US$ rounds converted to C$ at the Bank of Canada rate on each round's date to rank them.
All 281 companies
| Company | Category | HQ | Founded | Date raised | Disclosed raised | Status |
|---|---|---|---|---|---|---|
| AeriumData platform and AI agents for industrial manufacturers and distributors that connect a company's systems into one live model and automate quoting, supply chain planning and plant operations | Industrial/Manufacturing AI | Toronto, ON | — | Oct 2026 | US$2.5M | Active |
| Larus TechnologiesDefence AI ($8.3M IDEaS contract) | Defence/Security AI | Ottawa, ON | 1995 | Oct 2026 | C$2.3M | Active |
| Deep BreatheAI interpretation of lung ultrasound images for point-of-care diagnosis | Health/Bio AI | London, ON | — | Oct 2026 | C$1M | Active |
| AirMatrixLibra, a hardware-agnostic platform that fuses radar, radio-frequency and camera data into one operating picture of low-altitude airspace for defence, public safety and critical-infrastructure operators | Defence/Security AI | Ottawa, ON | — | Oct 2026 | — | Active |
| PolygradeAI agents that automate home-warranty claims for warranty companies, suppliers and service providers, from first notice of loss and triage through parts sourcing, invoices and contractor payments, with people handling the exceptions | Enterprise SaaS AI | Toronto, ON | — | Oct 2026 | US$6.3M | Active |
| BiossilAI platform to identify and revive failed late-stage drug candidates | Health/Bio AI | Toronto, ON | 2023 | Sep 2026 | C$309.3M | Active |
| AstrusAI chip design automation | AI Hardware/Semiconductors | Toronto, ON | 2023 | Sep 2026 | US$22.4M | Active |
| Thri5AI-native execution layer that turns retail data into daily actions for store, warehouse and head-office staff and tracks completion | Enterprise SaaS AI | Toronto, ON | 2024 | Sep 2026 | US$5.4M | Active |
| Altis LabsAI endpoints for oncology trials; IPRO model predicts survival from routine radiology scans (Nota platform) | Health/Bio AI | Toronto, ON | 2019 | Sep 2026 | US$31M | Active |
| OrbitsBit, an agentic AI household assistant for iOS and Android | Consumer AI | Toronto, ON | 2026 | Sep 2026 | US$2M | Active |
| Vivid MachinesComputer-vision crop cameras for orchard and vineyard disease, quality and yield scanning | AgTech AI | Toronto, ON | — | Sep 2026 | C$7.5M | Active |
| TerraVision360Ascochyta blight prediction for pulse crops (Ukko Agro rebrand) | AgTech AI | Toronto, ON | — | Sep 2026 | C$1.1M | Active |
| MeissnerML discovery engine for superconductors; quantum simulations filter candidates | Health/Bio AI | Toronto, ON | 2025 | Sep 2026 | US$2.6M | Active |
| BlueprintLovable-for-hardware design agents | Developer Tools/Agents | Toronto, ON | 2025 | Aug 2026 | C$1.4M | Active |
| Veeda AIWorld models for physical AI | Foundation Models | Toronto, ON | 2026 | Aug 2026 | US$90M | Active |
| Peripheral Labs3D volumetric video from broadcast feeds (U of T AV spinout) | Media/Creative AI | Toronto, ON | 2024 | Aug 2026 | US$12.3M | Active |
| The Wellness CompanyTempo AI health companion over iMessage, built on health/wearable app data | Consumer AI | Toronto, ON | — | Aug 2026 | C$1.6M | Active |
| Fisent TechnologiesBizAI unstructured-docs-to-decisions | Enterprise SaaS AI | Toronto, ON | 2021 | Aug 2026 | US$4.3M | Active |
| LegioAI campus-safety compliance | GovTech AI | Toronto, ON | 2026 | Aug 2026 | US$5M | Active |
| HelikaAI game analytics and growth platform | Media/Creative AI | Toronto, ON | 2022 | Jul 2026 | C$250K | Active |
| LookiAI wearable camera that turns daily moments into lifelogs and auto-edited vlogs | Consumer AI | Toronto, ON | 2024 | Jul 2026 | US$20M | Active |
| Katalyze AIAgentic operating platform that unifies pharma manufacturing and quality data for process optimization in GxP environments | Health/Bio AI | Toronto, ON | 2023 | Jul 2026 | US$10.5M | Active |
| OneAgent infrastructure providing managed auth, permissions, memory and audit for AI agents across 850+ platforms | Developer Tools/Agents | Toronto, ON | — | Jul 2026 | C$4M | Active |
| Dominion DynamicsDefence autonomy: Autonomous Collaborative Platform (sovereign wingman) + Arctic surveillance | Defence/Security AI | Ottawa, ON | 2025 | Jun 2026 | C$164M | Active |
| ElderellaAI care coordination app for family caregivers of elders; extracts tasks, medications and updates from messages, voice notes and documents | Health/Bio AI | Kitchener-Waterloo, ON | — | Jun 2026 | — | Active |
| BrokerPlusMortgage broker AI | Fintech AI | Toronto, ON | 2025 | Jun 2026 | C$500K | Active |
| ScispotSelf-driving lab for life sciences | Health/Bio AI | Kitchener-Waterloo, ON | — | Jun 2026 | US$8M | Active |
| NordSpaceAI space propulsion | Defence/Security AI | Markham, ON | 2022 | May 2026 | C$3.2M | Active |
| Cosm MedicalAI-driven design and manufacture of patient-specific gynecological devices (Gynethotics platform) | Health/Bio AI | Toronto, ON | 2017 | May 2026 | C$2M | Active |
| Edgecom EnergyAI energy management and peak prediction software | Energy/Climate AI | Toronto, ON | — | May 2026 | C$575K | Active |
| Fiscal.aiAI financial data and research platform: structured public-company fundamentals, an LLM research assistant and a data API for investors and fintechs | Fintech AI | Toronto, ON | 2021 | May 2026 | C$19.3M | Active |
| Future FertilityAI oocyte image assessment for fertility clinics | Health/Bio AI | Toronto, ON | 2018 | May 2026 | C$555K | Active |
| Private AI (o/a Limina)Sensitive data infrastructure layer that lets regulated enterprises deploy AI against confidential datasets | AI Infrastructure/Compute | Toronto, ON | 2017 | May 2026 | C$2M | Active |
| ProteinQureAI peptide and protein therapeutic design | Health/Bio AI | Toronto, ON | 2017 | May 2026 | C$12.8M | Active |
| TraxAI-assisted building permit compliance checking against building codes for municipalities and construction | GovTech AI | Toronto, ON | 2019 | May 2026 | C$394K | Active |
| NodeAILife sciences AI | Health/Bio AI | Hamilton, ON | — | May 2026 | C$500K | Active |
| DataBraidInsurance broker portal automation | Fintech AI | Toronto, ON | 2025 | Apr 2026 | US$1.9M | Active |
| HarmixAI agents for SMBs (pivot from music AI) | Enterprise SaaS AI | Toronto, ON | 2018 | Apr 2026 | US$1M | Active |
| Tidal PointAudit-grade AI for enterprise risk management: its Risk Assist product reads a company's documents and evidence, identifies risks against any framework or the customer's own taxonomy and cites the source for every finding | Enterprise SaaS AI | Ottawa, ON | 2024 | Apr 2026 | — | Active |
| SpellbookLegal AI contract drafting; rollup strategy, ~$100M ARR | Legal AI | Toronto, ON | 2018 | Mar 2026 | C$113.3M | Active |
| YScopeLog processing (U of T spinout) | Developer Tools/Agents | Toronto, ON | 2021 | Mar 2026 | US$3.9M | Active |
| PluvoAI decision intelligence for CFO and FP&A teams | Fintech AI | Ottawa, ON | — | Feb 2026 | US$5M | Active |
| General MagicInsurance quotes via SMS | Fintech AI | Toronto, ON | — | Feb 2026 | US$8.2M | Active |
| TaalasAI chips hardwired to siliconAgreed to be acquired by AMD | AI Hardware/Semiconductors | Toronto, ON | 2023 | Feb 2026 | US$219M | Agreed to be acquired by AMD |
| LightworksEnterprise AI control systems and deployment for highly regulated organizations | Enterprise SaaS AI | Toronto, ON | 2025 | Feb 2026 | C$12M | Active |
| LoopXGenerative AI mining analytics | Industrial/Manufacturing AI | Sudbury, ON | 2022 | Feb 2026 | C$480K | Active |
| ModemAI product management | Enterprise SaaS AI | Toronto, ON | — | Feb 2026 | US$4.4M | Active |
| ShakudoAI operating system for regulated industries | AI Infrastructure/Compute | Toronto, ON | 2021 | Feb 2026 | US$14.2M | Active |
| Upside RoboticsAutonomous farming robots | AgTech AI | Kitchener-Waterloo, ON | 2024 | Feb 2026 | US$7.5M | Active |
| WaabiAutonomous trucking (generative world models) | Robotics/Physical AI | Toronto, ON | 2021 | Jan 2026 | US$1B | Active |
| YolandoCompetitive intelligence and generative engine optimization platform | Enterprise SaaS AI | Toronto, ON | — | Jan 2026 | US$8.5M | Active |
| MaveAI back-office assistant for real estate agents | Enterprise SaaS AI | Toronto, ON | — | Jan 2026 | C$7M | Active |
| BeaconAI rollup, ~1 acquisition/week | Enterprise SaaS AI | Toronto, ON | 2024 | Jan 2026 | US$475M | Active |
| Musical AIAttribution and rights-management infrastructure for generative music models | Media/Creative AI | Ottawa, ON | 2023 | Jan 2026 | C$8.3M | Active |
| Backboard.ioAI memory layer; tops LongMemEval/LoCoMo benchmarks | Developer Tools/Agents | Ottawa, ON | 2025 | Jan 2026 | — | Active |
| TurbopufferSearch infrastructure (vector and full-text) for AI applications | AI Infrastructure/Compute | Ottawa, ON | 2023 | Dec 2025 | — | Active |
| A.I VALIAI tools for healthcare challenges | Health/Bio AI | Toronto, ON | — | Dec 2025 | C$1M | Active |
| Applied Brain ResearchNeuromorphic time-series AI for edge devices | AI Hardware/Semiconductors | Kitchener-Waterloo, ON | — | Dec 2025 | C$1.5M | Active |
| Armilla AIAI model risk assessment and performance warranties | Enterprise SaaS AI | Toronto, ON | — | Dec 2025 | C$9.2M | Active |
| B3 SystemsAI-driven manufacturing analytics and predictive maintenance | Industrial/Manufacturing AI | Toronto, ON | — | Dec 2025 | C$1.5M | Active |
| Fairly AIAI governance, risk and compliance management platform for teams building and deploying AI systems | Enterprise SaaS AI | Kitchener-Waterloo, ON | 2020 | Dec 2025 | C$2.6M | Active |
| Haloo (Heirlume)AI-powered trademark search and protection platform | Legal AI | Hamilton, ON | — | Dec 2025 | C$5.8M | Active |
| LeniAI data platform for real estate (Universal Data Model) | Enterprise SaaS AI | Toronto, ON | — | Dec 2025 | C$8.6M | Active |
| Mesh Scheduling (MeshAI)AI-driven scheduling engine for healthcare delivery | Health/Bio AI | Kingston, ON | — | Dec 2025 | C$425K | Active |
| SibliAI platform for institutional portfolio management | Fintech AI | Toronto, ON | 2020 | Dec 2025 | C$7.3M | Active |
| SigmaRPAAI-enabled healthcare referral management (Digital Worker) | Health/Bio AI | Oakville, ON | — | Dec 2025 | C$350K | Active |
| ZighraAI behavioural biometrics and GNSS jamming/spoofing detection | Defence/Security AI | Ottawa, ON | — | Dec 2025 | C$1M | Active |
| TISCIntent-driven personalized search | Consumer AI | Toronto, ON | — | Nov 2025 | US$2.1M | Active |
| OpennoteAI-powered notebook and learning platform for students and knowledge workersAcquired by Reducto | Consumer AI | Guelph, ON | 2024 | Nov 2025 | US$4.2M | Acquired by Reducto |
| Swish SolarSelf-cleaning solar coating with AI soiling analytics and cleaning scheduling | Energy/Climate AI | Kitchener-Waterloo, ON | 2024 | Nov 2025 | US$1.5M | Active |
| FrugalCode-level cloud and AI cost optimization platform | Developer Tools/Agents | Ottawa, ON | 2025 | Nov 2025 | US$5M | Active |
| ProvisionAI co-pilot for pre-construction estimating | Industrial/Manufacturing AI | Toronto, ON | 2022 | Oct 2025 | US$7M | Active |
| ConsioAI voice agents and phone platform for Shopify merchants | Enterprise SaaS AI | Toronto, ON | 2024 | Sep 2025 | C$3.3M | Active |
| Waive MedicalAI automation of clinic paperwork, patient follow-up and task management | Health/Bio AI | Sudbury, ON | 2020 | Sep 2025 | C$67K | Active |
| CohereEnterprise foundation models and sovereign AI (North platform) | Foundation Models | Toronto, ON | 2019 | Sep 2025 | US$1.5B | Active |
| TiltAI-powered direct indexing platform for wealth advisors | Fintech AI | Toronto, ON | — | Sep 2025 | US$7.1M | Active |
| MycroftAgentic AI security and compliance officer for GRC automation | Defence/Security AI | Toronto, ON | — | Sep 2025 | US$3.5M | Active |
| Clerq (formerly NLPatent)Agentic prior art research and semantic patent search for IP professionals | Legal AI | Toronto, ON | 2021 | Sep 2025 | US$3M | Active |
| Bench IQAI judicial analytics for litigators | Legal AI | Toronto, ON | — | Aug 2025 | US$7.4M | Active |
| RanovusCo-packaged optics and quantum-dot laser interconnects for AI compute clusters (Odin platform) | AI Hardware/Semiconductors | Ottawa, ON | 2012 | Aug 2025 | C$2M | Active |
| KuviAgentic finance operating system: natural-language design and automation of crypto trading strategies | Fintech AI | Toronto, ON | — | Aug 2025 | C$700K | Active |
| BinSentryAI feed-bin sensors and inventory intelligence for agriculture | AgTech AI | Kitchener-Waterloo, ON | 2017 | Aug 2025 | US$50M | Active |
| Blue JLegal and tax AI research | Legal AI | Toronto, ON | 2015 | Aug 2025 | C$190.8M | Active |
| CaveloAttack surface management with data classification ML | Defence/Security AI | Kitchener-Waterloo, ON | — | Jul 2025 | C$10M | Active |
| Hyper911 call screening AIAcquired by Motorola Solutions | GovTech AI | Toronto, ON | 2023 | Jul 2025 | US$6.3M | Acquired by Motorola Solutions |
| TrustyAI estate planning platform | Legal AI | Toronto, ON | — | Jul 2025 | C$1M | Active |
| AsephaAI workflow automation for pharmacies | Health/Bio AI | Toronto, ON | — | Jul 2025 | US$4M | Active |
| MoonvalleyLicensed generative AI video foundation models for filmmakers (Marey) | Media/Creative AI | Toronto, ON | 2023 | Jul 2025 | US$84M | Active |
| CobionixAutonomous medical robotics platform | Robotics/Physical AI | Kitchener-Waterloo, ON | 2020 | Jul 2025 | US$3M | Active |
| XatomsAI and quantum chemistry discovery of photocatalysts for water purification | Energy/Climate AI | Toronto, ON | 2023 | Jun 2025 | C$3M | Active |
| Intrepid LabsAI and robotics for drug formulation discovery | Health/Bio AI | Toronto, ON | 2023 | May 2025 | US$11M | Active |
| Illuminex AIInspectEx, a vehicle-mounted sensor-fusion platform whose computer-vision models detect runway debris, fence damage and snowbank hazards for airfield and road inspection | Industrial/Manufacturing AI | Cobourg, ON | — | May 2025 | C$981K | Active |
| AXIBOAI robotics for labor automation | Robotics/Physical AI | Guelph, ON | 2019 | Apr 2025 | C$12M | Active |
| XabaCognitive AI control for industrial robots | Robotics/Physical AI | Toronto, ON | — | Apr 2025 | US$6M | Active |
| BlumindAnalog AI chips for always-on edge inference | AI Hardware/Semiconductors | Toronto, ON | — | Apr 2025 | C$20M | Active |
| RibbonAI interview and recruiting automation | Enterprise SaaS AI | Toronto, ON | 2022 | Apr 2025 | US$8.2M | Active |
| PageAI platform that tracks government policy and regulatory changes for organizations | Enterprise SaaS AI | Kitchener-Waterloo, ON | 2023 | Mar 2025 | C$4.1M | Active |
| AugmentaGenerative AI automated building design | Industrial/Manufacturing AI | Toronto, ON | 2018 | Mar 2025 | US$21.8M | Active |
| ACTOGenerative AI commercialization and training platform for life sciences | Health/Bio AI | Toronto, ON | 2014 | Mar 2025 | C$3M | Active |
| AdaAI customer service automation platform, including phone-based generative AI assistance | Enterprise SaaS AI | Toronto, ON | 2016 | Mar 2025 | C$245.1M | Active |
| Ecopia AIAI that converts aerial and satellite imagery into high-precision digital maps | Enterprise SaaS AI | Toronto, ON | 2013 | Mar 2025 | C$2.6M | Active |
| ForcenForce-sensing technology for robotic tactile manipulation | Robotics/Physical AI | Toronto, ON | — | Mar 2025 | C$9.9M | Active |
| kama.aiKnowledge graph plus LLM conversational AI for hallucination-free support | Enterprise SaaS AI | Toronto, ON | 2014 | Mar 2025 | C$1.3M | Active |
| Monsters Aliens Robots Zombies (MARZ)AI-powered VFX for film and TV (Vanity AI) | Media/Creative AI | Toronto, ON | 2018 | Mar 2025 | C$1M | Active |
| Mission ControlSpace robotics and autonomy AI software (Spacefarer) | Robotics/Physical AI | Ottawa, ON | 2015 | Mar 2025 | C$3.4M | Active |
| AlexiGenerative AI legal research and litigation assistant | Legal AI | Toronto, ON | 2017 | Feb 2025 | US$11M | Active |
| BaseTWONo-code AI for manufacturing process optimization | Industrial/Manufacturing AI | Toronto, ON | — | Jan 2025 | US$11.5M | Active |
| Borderless AIAI global HR and employer-of-record platform | Enterprise SaaS AI | Toronto, ON | 2022 | Jan 2025 | US$32M | Active |
| BoardyVoice-based AI networking agent that introduces people by phone | Consumer AI | Toronto, ON | 2024 | Jan 2025 | US$11M | Active |
| EvoloAI interactive video agents that educate and qualify leads in regulated industries | Media/Creative AI | Toronto, ON | 2024 | Dec 2024 | US$3M | Active |
| HealthkindAI software that automates and personalizes patient-clinic communications for medical clinics | Health/Bio AI | Toronto, ON | — | Dec 2024 | C$1.3M | Active |
| Boosted.aiGenerative AI platform for institutional investment managers | Fintech AI | Toronto, ON | 2017 | Nov 2024 | US$15M | Active |
| runQLSmart query platform for data teams: version control, AI docs, certified queries | Developer Tools/Agents | Kitchener-Waterloo, ON | 2023 | Nov 2024 | C$1.6M | Active |
| Phaseshift TechnologiesML-driven alloy and materials design platform for industrial applications | Industrial/Manufacturing AI | Toronto, ON | 2019 | Oct 2024 | US$3M | Active |
| TalinAI automation platform for staffing agencies that runs candidate sourcing, enrichment and multi-channel outreach against the recruiter's ATS | Enterprise SaaS AI | Toronto, ON | — | Oct 2024 | C$775K | Active |
| ScribenoteAI scribe for veterinary medicine | Health/Bio AI | Kitchener-Waterloo, ON | — | Sep 2024 | US$8.2M | Active |
| AucctusGenerative AI platform with autonomous agents for corporate innovation: idea generation, validation and launch inside large enterprises | Enterprise SaaS AI | Toronto, ON | 2024 | Sep 2024 | C$1.5M | Active |
| SyntheiaConversational AI platform (AssistantNLP) that answers and handles inbound business callsPublic | Enterprise SaaS AI | Toronto, ON | — | Sep 2024 | C$3.9M | Public |
| AzomaAI e-commerce marketing optimization for Amazon sellers | Enterprise SaaS AI | Toronto, ON | 2022 | Sep 2024 | US$850K | Active |
| WOMBOConsumer AI content creation apps | Consumer AI | Toronto, ON | — | Sep 2024 | US$9M | Active |
| Viggle AIControllable generative AI character video | Media/Creative AI | Toronto, ON | 2022 | Aug 2024 | US$19M | Active |
| Perceptive SpaceAI space weather prediction for satellite operators | Defence/Security AI | Toronto, ON | — | Aug 2024 | C$3.9M | Active |
| WisedocsAI medical record review and summarization for insurers and legal | Health/Bio AI | Toronto, ON | 2018 | Aug 2024 | C$12.7M | Active |
| RetiSpecAI analysis of hyperspectral retinal images to detect Alzheimer's disease pathology through an eye test | Health/Bio AI | Toronto, ON | 2016 | Jul 2024 | US$10M | Active |
| Raven ConnectedVideo telematics for fleets: in-vehicle AI camera with driver, object and roadside-asset detection, live video and V2X, on a cloud platform | Industrial/Manufacturing AI | Ottawa, ON | 2016 | Jun 2024 | C$10M | Active |
| VosynAI voice translation and dubbing | Media/Creative AI | Etobicoke, ON | 2023 | Jun 2024 | US$2.2M | Active |
| CartageAI logistics coordinator automating freight booking and tracking | Enterprise SaaS AI | Toronto, ON | 2023 | 2024 | US$3.3M | Active |
| DatabiomesOn-device nano-LMs (Ctrlvox gaming chat moderation) | Foundation Models | Toronto, ON | 2024 | 2024 | — | Active |
| HyperlumeMicroLED optical interconnectsAcquired by Credo | AI Hardware/Semiconductors | Ottawa, ON | 2022 | 2024 | US$12.5M | Acquired by Credo |
| Transformer LabAutonomous research agents (Primus) | Developer Tools/Agents | Kitchener-Waterloo, ON | 2024 | 2024 | — | Active |
| Inference LabsVerifiable AI inference with zero-knowledge proofs | AI Infrastructure/Compute | Hamilton, ON | 2023 | Apr 2024 | US$2.3M | Active |
| SapienDecentralized human-in-the-loop AI data labeling | AI Infrastructure/Compute | Toronto, ON | 2023 | Apr 2024 | US$5M | Active |
| IdeogramText-to-image generative AI models | Foundation Models | Toronto, ON | — | Feb 2024 | US$96.5M | Active |
| Swift MedicalComputer-vision wound care platform with touchless 3D measurement and automatic risk scoring | Health/Bio AI | Toronto, ON | 2015 | Jan 2024 | US$8M | Active |
| AI ArenaAI fighting game with trainable reinforcement-learning characters | Consumer AI | Toronto, ON | 2021 | Jan 2024 | C$6M | Active |
| EZee AssistAI operating system for franchise networks: answers, reporting and workflows built from brand material | Enterprise SaaS AI | Toronto, ON | 2023 | Dec 2023 | C$1.9M | Active |
| Promise RoboticsAI robotic homebuilding automation | Robotics/Physical AI | Toronto, ON | 2020 | Oct 2023 | US$15M | Active |
| Arteria AIAI documentation automation for financial institutions | Fintech AI | Toronto, ON | — | Oct 2023 | US$30M | Active |
| CentMLPlatform that optimizes ML model deployment and compute utilizationAcquired by Nvidia; deal value could exceed US$400M including earn-outs | AI Infrastructure/Compute | Toronto, ON | 2022 | Oct 2023 | US$27M | Acquired by Nvidia; deal value could exceed US$400M including earn-outs |
| FluidAI MedicalAI post-surgical fluid monitoring medical device | Health/Bio AI | Kitchener-Waterloo, ON | 2014 | Oct 2023 | US$15M | Active |
| SecodaAI-powered data catalog and copilot that answers business teams' questions about company dataAcquired by Atlassian | Enterprise SaaS AI | Toronto, ON | 2021 | Sep 2023 | US$14M | Acquired by Atlassian |
| VoiceflowPlatform for building, launching and scaling chat and voice AI agents for customer experience | Enterprise SaaS AI | Toronto, ON | 2018 | Aug 2023 | US$15M | Active |
| MindBridgeAI-powered financial risk discovery and audit analytics platform that scores every transaction in a general ledger | Fintech AI | Ottawa, ON | 2015 | Jul 2023 | US$60M | Active |
| BenchSciMachine learning decoding biomedical data for pharma R&D | Health/Bio AI | Toronto, ON | — | May 2023 | C$95M | Active |
| ODAIAPredictive field intelligence for pharma sales | Enterprise SaaS AI | Toronto, ON | — | May 2023 | US$25M | Active |
| AdaptisAI platform that plans and optimizes building retrofits and adaptations for decarbonization | Energy/Climate AI | Toronto, ON | 2022 | Mar 2023 | US$1.5M | Active |
| PlumHR psychometric AIAcquired by Phenom | Enterprise SaaS AI | Kitchener-Waterloo, ON | 2012 | Feb 2023 | US$6M | Acquired by Phenom |
| BlueDotInfectious disease intelligence platform using AI to detect, track and forecast outbreak risk for governments and enterprises | Health/Bio AI | Toronto, ON | 2013 | Jan 2023 | C$3M | Active |
| AbivoAI agents that run accounts receivable collections by phone, text and email | Fintech AI | Toronto, ON | 2025 | — | — | Active |
| AcertaAI quality analytics for automotive manufacturing | Industrial/Manufacturing AI | Kitchener-Waterloo, ON | — | — | — | Active |
| AdHawk MicrosystemsCamera-free eye-tracking microsystems | AI Hardware/Semiconductors | Kitchener-Waterloo, ON | — | — | — | Active |
| AdhocAI agent that drafts complete CBSA customs declarations end to end for brokers, who review only flagged questions | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| AgentFieldIdentity, governance and audit backend for AI agents | Developer Tools/Agents | Toronto, ON | — | — | — | Active |
| AI EnduranceNeural-network training plans for runners, cyclists and triathletes, trained on the athlete's own data | Consumer AI | Hamilton, ON | 2020 | — | — | Active |
| Alokai AIApplied intelligence company building frontier-model and agent systems for organizational intelligence | Enterprise SaaS AI | Kitchener-Waterloo, ON | — | — | — | Active |
| AppetronixFood robotics; acquired Cibotica (Vancouver) | Robotics/Physical AI | London, ON | 2020 | — | — | Active |
| ArimaSynthetic consumer data and market intelligence | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| ARKIAI visual search engine and system of record for architecture and engineering firms to reuse their project data | Enterprise SaaS AI | Toronto, ON | 2023 | — | — | Active |
| askpolly (Advanced Symbolics)AI market research turning public conversations into statistically valid insights | Enterprise SaaS AI | Ottawa, ON | 2014 | — | — | Active |
| AssetfloIoT asset tracking with analytics | Industrial/Manufacturing AI | Kitchener-Waterloo, ON | — | — | — | Active |
| Assyro AIAI regulatory copilot that drafts pharma and biotech submissions and validates them against eCTD standards in real time | Health/Bio AI | Toronto, ON | 2025 | — | — | Active |
| AvidbotsAutonomous AI floor-cleaning robots | Robotics/Physical AI | Kitchener-Waterloo, ON | — | — | — | Active |
| Banting AIAI copilot for clinical trial sites: parses protocols, generates visit templates and documentation, and supports patient screening and feasibility work | Health/Bio AI | Toronto, ON | — | — | — | Active |
| BidBlox AIMulti-agent AI that turns construction specs and drawings into material lists and scopes of work and levels sub bids | Industrial/Manufacturing AI | Markham, ON | 2024 | — | — | Active |
| BioRenderPlatform for creating scientific figures and diagrams, now with Leo, an AI agent that plans, sketches and builds research figures from a library of scientist-vetted icons and templates | Enterprise SaaS AI | Toronto, ON | 2017 | — | — | Active |
| BlackletterAI-native law firm pairing automated legal work with lawyer judgement | Legal AI | Toronto, ON | — | — | — | Active |
| Booked AIAI front office for trades businesses: answers every call, books appointments and follows up across phone, text and email | Enterprise SaaS AI | Ottawa, ON | — | — | — | Active |
| BrickeyeConstruction IoT sensing and data analytics | Industrial/Manufacturing AI | Toronto, ON | — | — | — | Active |
| ByteShapeAdaptive quantization and compression that optimizes language, vision-language and image models for target hardware | AI Infrastructure/Compute | Toronto, ON | — | — | — | Active |
| Canonical LabsAI fraud detection and dispute automation for Stripe merchants | Fintech AI | Toronto, ON | — | — | — | Active |
| Canvass AI (Canvass Analytics)Predictive analytics platform that optimizes industrial production processes and energy use | Industrial/Manufacturing AI | Toronto, ON | 2016 | — | — | Active |
| CedienceRegulatory intelligence platform using NLP, machine learning and generative AI to answer complex regulatory questions from past decisions | Health/Bio AI | Toronto, ON | — | — | — | Active |
| ChatforceMulti-agent AI game studio turning ideas into playable browser games | Media/Creative AI | Toronto, ON | 2023 | — | — | Active |
| ChefferAI that compares supplier prices and recommends optimal orders for independent restaurants | AgTech AI | Toronto, ON | 2022 | — | — | Active |
| Clover LabsPortfolio of AI growth agents for LLM and search visibility, short-form video distribution and revenue | Enterprise SaaS AI | Toronto, ON | 2025 | — | — | Active |
| ContextereNLP-driven decision support for industrial field workers (MADISON) | Industrial/Manufacturing AI | Ottawa, ON | 2015 | — | — | Active |
| ContinuumAI meeting capture and client intelligence for financial advisors | Fintech AI | Toronto, ON | 2024 | — | — | Active |
| ConvictionalAI-native team communications (pivot from Modern Dropship)Shut down | Enterprise SaaS AI | Kitchener-Waterloo, ON | 2017 | — | — | Shut down |
| CoRecruitAI assistant for recruitment agencies | Enterprise SaaS AI | Kitchener-Waterloo, ON | — | — | — | Active |
| Courtyard AIKnowledge bases that get small businesses recommended by AI assistants | Enterprise SaaS AI | Toronto, ON | 2025 | — | — | Active |
| Crashlabs AIResearch lab building multi-agent alignment environments that test whether AI agents preserve their goals, permissions and judgment when interacting with other agents | AI Infrastructure/Compute | Toronto, ON | — | — | — | Active |
| CyberWorks RoboticsAutonomous navigation software (OmniSuite) licensed to robot and vehicle makers, used in its own autonomous wheelchairs, floor scrubbers and material-handling robots; supplying multi-role autonomous vehicles to the Canadian Armed Forces | Robotics/Physical AI | Markham, ON | — | — | — | Active |
| Cycle AIAI user-research tool for product teams; technology and tools acquired by Crossmint five months after launchAcquired by Crossmint | Enterprise SaaS AI | Toronto, ON | 2024 | — | — | Acquired by Crossmint |
| CyclicaAI-enabled drug discovery platform (MatchMaker proteome screening and polypharmacology models)Acquired by Recursion Pharmaceuticals | Health/Bio AI | Toronto, ON | 2013 | — | — | Acquired by Recursion Pharmaceuticals |
| DarwinAIExplainable-AI visual inspection for manufacturingAcquired by Apple | Industrial/Manufacturing AI | Kitchener-Waterloo, ON | — | — | — | Acquired by Apple |
| Data SentinelAI data governance and trust platform | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| Decoda HealthAI patient communication and admin automation | Health/Bio AI | Toronto, ON | 2023 | — | — | Active |
| DistillerSRAI-assisted systematic literature review software | Health/Bio AI | Ottawa, ON | — | — | — | Active |
| DoksiAI end-to-end testing for web, iOS and Android from plain-English test descriptions | Developer Tools/Agents | Toronto, ON | 2024 | — | — | Active |
| DraftAidAI generation of fabrication drawings from CAD models | Industrial/Manufacturing AI | Toronto, ON | — | — | — | Active |
| Dreamwell AIAI influencer marketing automation | Media/Creative AI | Toronto, ON | — | — | — | Active |
| eMurmurAI heart and lung sound analysis on an open digital stethoscope platform; FDA Class II cleared murmur detection | Health/Bio AI | Ottawa, ON | — | — | — | Active |
| Erode AIGenerative AI forecasting for weather-driven outcomes in energy, water and agriculture, with per-asset models and AI agents | Energy/Climate AI | Rockwood, ON | 2021 | — | — | Active |
| Feel Good InteractiveFEEL Engine for AI-driven interactive storytelling and kids apps (Little Magic Stories) | Media/Creative AI | Kitchener-Waterloo, ON | 2023 | — | — | Active |
| FellowAI meeting assistant that records, transcribes and summarizes meetings and links notes, decisions and action items to shared agendas, with an assistant that answers questions across meeting history | Enterprise SaaS AI | Ottawa, ON | 2017 | — | — | Active |
| Fermi DevAI operational brain connecting enterprise systems to dynamic models and agents that automate processes | Enterprise SaaS AI | Toronto, ON | 2025 | — | — | Active |
| Flagpost AIAI platform for M&A execution that automates data collection, normalizes financials and drafts CIMs, models and memos | Fintech AI | Toronto, ON | 2025 | — | — | Active |
| Forma.aiAI-driven sales performance management platform that models, automates and pays sales compensation | Enterprise SaaS AI | Toronto, ON | 2016 | — | — | Active |
| FramecastAI underwriting for commercial real estate acquisitions, from data room to institutional financial model | Fintech AI | Toronto, ON | 2025 | — | — | Active |
| GenieAI NowAI voice reception and clinic operations layer for medical and dental practices, integrated with ClearDent, OSCAR Pro and WELL Health | Health/Bio AI | Oakville, ON | — | — | — | Active |
| Guild AIAI assistant for construction and engineering: drafts estimates, scopes of work and field reports, and generates 3D renders from photos and plans, accessed through WhatsApp and iMessage | Industrial/Manufacturing AI | Toronto, ON | — | — | — | Active |
| HEALWELL AIHealthcare AI for preventative care and clinical decision supportPublic | Health/Bio AI | Toronto, ON | 2012 | — | — | Public |
| Hepzibah AILicenses energy-efficient at-memory AI compute IP for inference and light training from edge to data centre | AI Hardware/Semiconductors | Toronto, ON | — | — | — | Active |
| HighPathFundraising workspace that matches companies with grants, investments and loans and adapts planning and diligence materials to each application | Fintech AI | Toronto, ON | — | — | — | Active |
| HypercontextMeeting-management platform for managers (agendas, notes, OKRs) that added AI-generated performance reviews and meeting summaries; now Spinach AIAcquired by Spinach AI | Enterprise SaaS AI | Toronto, ON | 2020 | — | — | Acquired by Spinach AI |
| Inference HealthAI agents for healthcare administrative workflows: referrals, intake, scheduling, follow-up | Health/Bio AI | Toronto, ON | — | — | — | Active |
| JevyAI post-interaction surveys and AI-run customer interviews that feed the reasons behind customer outcomes back to product and go-to-market teams | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| Kepler CommunicationsOptical space data relay network | AI Infrastructure/Compute | Toronto, ON | — | — | — | Active |
| Kiln AITurns product feedback into AI training data | Developer Tools/Agents | Toronto, ON | — | — | — | Active |
| KnockriAI behavioral skills hiring assessment | Enterprise SaaS AI | Toronto, ON | 2016 | — | — | Active |
| KritikVisibleAI faculty AI-transparency tool | Enterprise SaaS AI | Toronto, ON | 2019 | — | — | Active |
| KuzuEmbedded graph databaseAcquired by Apple | Developer Tools/Agents | Kitchener-Waterloo, ON | 2023 | — | — | Acquired by Apple |
| LavaReachAI research tool for sales teamsAcquired by Landbase | Enterprise SaaS AI | Toronto, ON | 2023 | — | — | Acquired by Landbase |
| LearnExpertsAI course-authoring and exam-generation platform (LEAi) that turns existing content into structured training | Enterprise SaaS AI | Ottawa, ON | 2019 | — | — | Active |
| Lemay.aiDefence AI ($3.6M Lockheed Martin) | Defence/Security AI | Ottawa, ON | — | — | — | Active |
| LocalEngineEmbeddable AI marketing engine for platforms | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| LUCIDAI music therapeutics that curates and adapts personalized music sessions to a patient's emotional response, for anxiety and dementia care (Resonance Rx) and consumers (VIBE) | Health/Bio AI | Toronto, ON | — | — | — | Active |
| Lydia.aiAI health and insurance risk scoring | Fintech AI | Toronto, ON | 2014 | — | — | Active |
| MakeOSAI workspace for production teams that turns briefs into scopes, budgets and schedules | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| MantleAI-native cap table and equity management platform for founders, law firms and LPs, with an AI assistant that processes equity documents and drafts actions | Fintech AI | Toronto, ON | 2022 | — | — | Active |
| Masterpiece XWorldEngen, an AI co-pilot that generates and edits complete 3D scenes inside Blender, Unity and Unreal | Media/Creative AI | Ottawa, ON | 2018 | — | — | Active |
| MIMOSA DiagnosticsHandheld multispectral imaging device with AI tissue analysis for wound and skin assessment | Health/Bio AI | Toronto, ON | 2016 | — | — | Active |
| MinervaAIAI screening platform for anti-money laundering compliance: enhanced due diligence, adverse media and sanctions analysis | Fintech AI | Toronto, ON | 2019 | — | — | Active |
| Motion GesturesAI gesture recognition software | Developer Tools/Agents | Kitchener-Waterloo, ON | 2017 | — | — | Active |
| Mutuo Health SolutionsAutoScribe ambient AI scribe that transcribes clinician-patient conversations into structured EMR records in real time (NLP and ML)Acquired by HEALWELL AI | Health/Bio AI | Toronto, ON | 2018 | — | — | Acquired by HEALWELL AI |
| Narrative AIGenerative AI design and production platform that turns fashion sketches into factory-ready tech packs and connects brands to manufacturers | Media/Creative AI | Toronto, ON | — | — | — | Active |
| NetraMarkAI clinical-trial patient stratificationPublic | Health/Bio AI | Toronto, ON | 2015 | — | — | Public |
| Neuron IPSerDes/PHY chiplet IP | AI Hardware/Semiconductors | Toronto, ON | — | — | — | Active |
| Nextech3D.aiAI-generated 3D and AR models for e-commercePublic | Media/Creative AI | Toronto, ON | 2018 | — | — | Public |
| NorthAI smart glasses (Focals); historicalAcquired by Google | Consumer AI | Kitchener-Waterloo, ON | — | — | — | Acquired by Google |
| Nuron AIAI visa processing engine automating visa filings for any nationality | Enterprise SaaS AI | Toronto, ON | 2024 | — | — | Active |
| OncousticsAI on low-cost ultrasound for disease diagnostics | Health/Bio AI | Toronto, ON | 2018 | — | — | Active |
| OneChartAI ambient scribe that turns clinician-patient conversations into structured EMR notes and billing codes | Health/Bio AI | Toronto, ON | 2023 | — | — | Active |
| OpenerAI sales agent that manages and grows wholesale retail accounts for CPG brands, working POS, inventory and sales data | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| OptimotiveAutonomous inspection robots for extreme environments | Robotics/Physical AI | Windsor, ON | — | — | — | Active |
| Otto MotorsAutonomous mobile robots for factoriesAcquired by Rockwell Automation | Robotics/Physical AI | Kitchener-Waterloo, ON | — | — | — | Acquired by Rockwell Automation |
| OutpointMachine-learning media mix modeling that recommends paid media budget allocation across channels | Enterprise SaaS AI | Toronto, ON | 2021 | — | — | Active |
| PericulumAI credit scoring, fraud detection and analytics for underserved financial markets | Fintech AI | Kitchener-Waterloo, ON | 2019 | — | — | Active |
| Pink BotDelivery robots for urban centres with a dispatch platform assigning restaurant orders to robots or couriers | Robotics/Physical AI | Toronto, ON | — | — | — | Active |
| PitstopAI predictive maintenance and fleet intelligence platform for commercial fleetsAcquired by Fullbay | Industrial/Manufacturing AI | Toronto, ON | 2015 | — | — | Acquired by Fullbay |
| POET TechnologiesPhotonic integrated circuits and optical engines for AI data centresPublic | AI Hardware/Semiconductors | Toronto, ON | 1972 | — | — | Public |
| PolarGridEdge GPU network for real-time AI inference, routing requests to nodes near end users for low-latency voice and video AI | AI Infrastructure/Compute | Ottawa, ON | — | — | — | Active |
| PolarityApplied AI research lab; post-trained small models and agentic code search/review (Paragon, Omnigrep)Acquired by Wander | Developer Tools/Agents | Kitchener-Waterloo, ON | 2025 | — | — | Acquired by Wander |
| PolicySolverSharePoint-native policy intelligence for local government: answers questions across policies, bylaws and minutes with citations, drafts and files policy as an official record, and answers legislation questions with section citations | GovTech AI | Toronto, ON | — | — | — | Active |
| Polyalgorithm Machine LearningInterpretable minimal-feature ML models for manufacturing and finance data | Enterprise SaaS AI | Kitchener-Waterloo, ON | 2019 | — | — | Active |
| ProNavigatorAI knowledge assistant for insuranceAcquired by Guidewire Software | Fintech AI | Kitchener-Waterloo, ON | 2016 | — | — | Acquired by Guidewire Software |
| PublicusAI procurement intelligence over 200+ Canadian government portals for vendors and public buyers | GovTech AI | Toronto, ON | — | — | — | Active |
| QuotographComputer vision on site photos, video, drone footage and blueprints for construction takeoffs, estimates, safety reports and progress tracking | Industrial/Manufacturing AI | Kitchener-Waterloo, ON | 2023 | — | — | Active |
| RubyAI-native operating system for corporate law | Legal AI | Toronto, ON | — | — | — | Active |
| Sabba HealthAI-automated insurance revenue cycle management for medical practices and billing teams | Health/Bio AI | Toronto, ON | 2024 | — | — | Active |
| SalesAskAI sales coaching for in-person and home-services sales teams | Enterprise SaaS AI | Ottawa, ON | — | — | — | Active |
| SatellicaAI research platform simulating customer interviews, surveys and usability tests to predict outcomes before spend | Enterprise SaaS AI | Toronto, ON | 2025 | — | — | Active |
| Scaled InsightsBehavioural AI for personalized patient coaching and medication adherence | Health/Bio AI | Toronto, ON | 2018 | — | — | Active |
| Scopium AIAI cognitive platform for cardiovascular diagnosis and care pathways | Health/Bio AI | Toronto, ON | 2015 | — | — | Active |
| Semantic HealthNLP platform that analyzes unstructured clinical notes for medical coding and auditingAcquired by AAPC | Health/Bio AI | Toronto, ON | 2019 | — | — | Acquired by AAPC |
| SenpilotAI e-commerce operations agents | Enterprise SaaS AI | Toronto, ON | 2024 | — | — | Active |
| SensibillAI receipt and SKU-level data extraction for banksAcquired by Q2 Holdings | Fintech AI | Toronto, ON | — | — | — | Acquired by Q2 Holdings |
| Senso.aiAI engineering company whose generative engine optimization (GEO) technology tracks how brands appear in ChatGPT, Gemini, Claude and Google AI Overviews; began with predictive tools for credit unions | Fintech AI | Toronto, ON | 2017 | — | — | Active |
| SidianAI software | Enterprise SaaS AI | Kitchener-Waterloo, ON | — | — | — | Active |
| Signal 1AI platform for hospital operations | Health/Bio AI | Toronto, ON | — | — | — | Active |
| SimavaiAI-native engineering simulation platform (Forge AI) combining generative AI, multiphysics solvers and physics-informed neural networks | Industrial/Manufacturing AI | Toronto, ON | 2022 | — | — | Active |
| Solid State AIAIMS machine-learning software that optimizes manufacturing lines from production and finance data | Industrial/Manufacturing AI | Toronto, ON | 2017 | — | — | Active |
| StackAdaptAI-driven programmatic advertising platform | Media/Creative AI | Toronto, ON | — | — | — | Active |
| StarboardAI trade compliance and logistics automation | Enterprise SaaS AI | Toronto, ON | 2024 | — | — | Active |
| StoweAI personal-finance advisor that finds savings in household bills and spending | Fintech AI | Toronto, ON | — | — | — | Active |
| Stratum AIDeep-learning mineral resource, ore reserve and geometallurgical models for mine planning and grade control | Industrial/Manufacturing AI | Toronto, ON | 2018 | — | — | Active |
| Super AdvisorAI tooling for financial advisors | Fintech AI | Toronto, ON | — | — | — | Active |
| SupercurveAI marketing teammate that turns a company's own marketing data into recommendations and executes the work | Enterprise SaaS AI | Toronto, ON | 2026 | — | — | Active |
| SuperwhisperVoice dictation on open ASR models | Consumer AI | Toronto, ON | 2023 | — | — | Active |
| Switch GrowthTrains ML models on first-party marketing, sales and finance data for lead scoring, LTV prediction and incrementality measurement | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| SYMX.AI (Symboticware)AI predictive maintenance and fleet analytics for industrial equipment | Industrial/Manufacturing AI | Sudbury, ON | 2008 | — | — | Active |
| TailscaleSecure networking; AI-era infra; acquired Border0 | AI Infrastructure/Compute | Toronto, ON | 2019 | — | — | Active |
| Tali AIAmbient AI scribe and clinical documentation platform for EMRs, expanding into decision support and practice automation | Health/Bio AI | Toronto, ON | 2020 | — | — | Active |
| TariffSenseAI customs compliance platform automating tariff classification and rule updates for Canada-US trade | Enterprise SaaS AI | Toronto, ON | 2025 | — | — | Active |
| TempoAI app-building developer tooling | Developer Tools/Agents | Toronto, ON | 2023 | — | — | Active |
| TracesHub for publishing, sharing and managing coding-agent sessions from Claude Code and other agents, for developers and teams | Developer Tools/Agents | ON | — | — | — | Active |
| TuuliDomain-specific AI copilot and design review for architecture, engineering and consulting firms | Enterprise SaaS AI | Toronto, ON | — | — | — | Active |
| Untether AIAt-memory compute AI inference chipsShut down | AI Hardware/Semiconductors | Toronto, ON | — | — | — | Shut down |
| ValsysAgents that map alternative datasets to listed companies and validate their predictive power for funds and data providers; began as an ML valuation-modelling platform | Fintech AI | Toronto, ON | 2017 | — | — | Active |
| Verto HealthDigital twin platform that uses patented machine learning to consolidate patient data across hospital systems into a normalized record of each patient for population health management | Health/Bio AI | Toronto, ON | — | — | — | Active |
| Wysdom.aiConversational AI performance analyticsAcquired by Calabrio | Enterprise SaaS AI | Toronto, ON | — | — | — | Acquired by Calabrio |
Data as of October 20, 2026.