The Canadian AI Index

Companies / Outside Canada

Canadian AI companies headquartered outside Canada

The Canadian AI Index tracks 26 AI companies headquartered outside Canada, each included for a Canadian founding or a team based in Canada. They have raised C$4.5B across 36 rounds, including C$2.5B in 2026.

Largest rounds

CompanyRoundDateAmountInvestors
TenstorrentSeries EOct 2026US$1.5BTrace Capital, Innovation X (leads) and 4 more
TenstorrentSeries DDec 2024US$693MSamsung Securities, AFW Partners (leads) and 2 more
TenstorrentSeries CMay 2021US$200MFidelity (lead) and 4 more
EvenUpSeries EOct 2025US$150MBessemer Venture Partners (lead) and 1 more
EvenUpSeries DOct 2024US$135MBain Capital Ventures (lead) and 5 more
TenstorrentVenture roundAug 2023US$100MHyundai Motor Group, Samsung Catalyst Fund (leads) and 4 more
Mecka AISeries BOct 2026US$60MSequoia Capital (lead) and 10 more
GumloopSeries BMar 2026US$50MBenchmark (lead) and 6 more
EvenUpSeries BJun 2023US$50.5MBessemer Venture Partners (lead) and 4 more
Mecka AIBridge/ExtensionJun 2026US$35MFramework Ventures (lead)

US$ rounds converted to C$ at the Bank of Canada rate on each round's date to rank them.

All 26 companies

Data as of October 20, 2026.

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