Reports / Largest Canadian AI funding rounds of 2026
Largest Canadian AI funding rounds of 2026
The 50 largest equity rounds raised by Canadian AI companies in 2026 so far, topped by Tenstorrent's US$1.5B Series E in October 2026. Ranked by C$ value, as recorded by the Canadian AI Index as of October 26, 2026.
| # | Company | Round | Date | Amount | C$ | Investors |
|---|---|---|---|---|---|---|
| 1 | TenstorrentSanta Clara | Series E | Oct 2026 | US$1.5B | C$2.1B | Trace Capital, Innovation X (leads) and 4 more |
| 2 | WaabiToronto | Series C | Jan 2026 | US$750M | C$1B | Khosla Ventures, G2 Venture Partners (leads) and 9 more |
| 3 | BeaconToronto | Series C | Jan 2026 | US$225M | C$310M | General Catalyst, HarbourVest Partners (leads) and 6 more |
| 4 | TaalasToronto | Venture round | Feb 2026 | US$169M | C$231M | Quiet Capital, Fidelity, Pierre Lamond |
| 5 | BiossilToronto | Venture round | Sep 2026 | US$153M | C$217M | OpenAI Startup Fund (lead) and 7 more |
| 6 | VentionMontréal | Series D | Jan 2026 | US$110M | C$150M | Investissement Québec (lead) and 3 more |
| 7 | Dominion DynamicsOttawa | Series A | Jun 2026 | C$139M | C$139M | Georgian (lead) and 13 more |
| 8 | Veeda AIToronto | Seed | Aug 2026 | US$90M | C$124M | Radical Ventures, Khosla Ventures (leads) |
| 9 | Mecka AINew York | Series B | Oct 2026 | US$60M | C$86M | Sequoia Capital (lead) and 10 more |
| 10 | StatheraMontréal | Series B | Jun 2026 | US$55M | C$78M | Maverick Silicon (lead) and 5 more |
| 11 | GumloopSan Francisco | Series B | Mar 2026 | US$50M | C$68M | Benchmark (lead) and 6 more |
| 12 | BiossilToronto | Series B | Apr 2026 | US$43M | C$59M | Founders Fund, OpenAI Startup Fund (leads) |
| 13 | Moment EnergyCoquitlam | Series B | May 2026 | US$40M | C$54M | Evok Innovations (lead) and 7 more |
| 14 | Congruence TherapeuticsMontréal | Venture round | Mar 2026 | US$39.5M | C$54M | Dimension, OrbiMed (leads) and 7 more |
| 15 | Mecka AINew York | Bridge/Extension | Jun 2026 | US$35M | C$49M | Framework Ventures (lead) |
| 16 | MicrologicQuébec City | Venture round | Sep 2026 | C$45M | C$45M | Fonds de solidarité FTQ, Investissement Québec |
| 17 | Saris AIMontréal | Series A | May 2026 | US$28.8M | C$40M | 8VC (lead) and 4 more |
| 18 | ThinkLabsNew York | Series A | Mar 2026 | US$28M | C$39M | Energy Impact Partners (lead) and 7 more |
| 19 | ManevaPalo Alto | Series A | Jun 2026 | US$27M | C$38M | USVP (lead) and 2 more |
| 20 | Altis LabsToronto | Series A | Sep 2026 | US$25M | C$35M | OrbiMed, Qiming Venture Partners USA (leads) and 4 more |
| 21 | LookiToronto | Series A | Jul 2026 | US$20M | C$28M | Ant Group, Meituan Dragon Pearl (leads) |
| 22 | MundoVancouver | Series A | Aug 2026 | US$20M | C$28M | GreatPoint Ventures (lead) and 3 more |
| 23 | Featherless AISan Francisco | Series A | May 2026 | US$20M | C$27M | AMD Ventures (lead) and 1 more |
| 24 | TetrixNew York | Series A | Jun 2026 | US$15M | C$21M | White Star Capital, Innovation Endeavors (leads) |
| 25 | Dominion DynamicsOttawa | Seed | Jan 2026 | C$21M | C$21M | Georgian (lead) and 2 more |
| 26 | AxyaMontréal | Series A | Sep 2026 | C$17M | C$17M | McRock Capital (lead) and 4 more |
| 27 | AstrusToronto | Series A | Sep 2026 | US$12M | C$17M | Caffeinated Capital (lead) and 4 more |
| 28 | Haply RoboticsMontréal | Venture round | Feb 2026 | C$16M | C$16M | Sound Media Ventures (lead) and 4 more |
| 29 | FemtumQuébec City | Series A | Mar 2026 | C$16M | C$16M | BDC Capital (lead) and 6 more |
| 30 | MiraterraVancouver | Bridge/Extension | Mar 2026 | C$16M | C$16M | At One Ventures (lead) |
| 31 | LastwallFredericton | Bridge/Extension | May 2026 | C$16M | C$16M | BDC StrongNorth Fund (lead) and 5 more |
| 32 | Katalyze AIToronto | Seed | Jul 2026 | US$10.5M | C$15M | Bonfire Ventures (lead) and 5 more |
| 33 | SenseNetVancouver | Series A | 2026 | C$14M | C$14M | Stormbreaker (lead) |
| 34 | Chata.aiCalgary | Series A | Jan 2026 | US$10M | C$14M | 7Ridge, Izou Partners (leads) |
| 35 | UltimariiCalgary | Series A | Sep 2026 | C$13M | C$13M | BDC Industrial Innovation Venture Fund, Mistral Venture Partners (leads) |
| 36 | Peripheral LabsToronto | Seed | Aug 2026 | US$8.7M | C$12M | Inovia Capital, Deloitte Ventures (leads) and 2 more |
| 37 | Juno IndustriesVancouver | Venture round | May 2026 | C$12M | C$12M | — |
| 38 | LightworksToronto | Venture round | Feb 2026 | C$12M | C$12M | Round13 Capital (lead) |
| 39 | ScispotKitchener-Waterloo | Series A | Jun 2026 | US$8M | C$11M | Avenue Growth Partners (lead) and 1 more |
| 40 | Upside RoboticsKitchener-Waterloo | Seed | Feb 2026 | US$7.5M | C$10M | Plural (lead) and 3 more |
| 41 | Blank BioSan Francisco | Seed | May 2026 | US$7.2M | C$9.9M | Define Ventures, Leonis Capital, Nova Threshold and 3 more |
| 42 | General MagicToronto | Venture round | Feb 2026 | US$7.2M | C$9.9M | Radical Ventures (lead) and 1 more |
| 43 | Soma EnergyVancouver | Seed | Apr 2026 | US$7M | C$9.6M | Category Ventures (lead) |
| 44 | ShakudoToronto | Series A | Feb 2026 | US$7M | C$9.6M | Wittington Ventures (lead) |
| 45 | PolygradeToronto | Seed | Oct 2026 | US$6.3M | C$9M | Construct Capital, American Family Ventures, Nine Four Ventures and 3 more |
| 46 | Thri5Toronto | Seed | Sep 2026 | US$5.4M | C$7.6M | Whitecap Venture Partners, Mistral Venture Partners (leads) and 4 more |
| 47 | OnixMontréal | Pre-seed | Sep 2026 | US$5M | C$7M | AlphaEdison (lead) and 3 more |
| 48 | LegioToronto | Seed | Aug 2026 | US$5M | C$7M | Klass Capital (lead) |
| 49 | YolandoToronto | Venture round | Jan 2026 | US$5M | C$6.9M | Drive Capital (lead) |
| 50 | PluvoOttawa | Seed | Feb 2026 | US$5M | C$6.8M | a16z speedrun, Deel, The Perseverance Fund and 2 more |
Equity rounds only; grants and government contributions are in the yearly reports. US$ rounds converted to C$ at the Bank of Canada rate on each round's date to rank them.
Data as of October 26, 2026.