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AI startups in Canada

285 AI startups in Canada have raised money in rounds we track. These are the 50 that have raised the most, $20B between them, with Toronto the most common home.

$20Braised by these 50
285on our record in all
Torontomost common home
Cohereraised the most
  1. 1CohereCohere is a Canadian multinational artificial intelligence company founded in 2019, specializing in foundational large language models (LLMs) and enterprise AI

    Cohere is a Canadian multinational artificial intelligence company founded in 2019, specializing in foundational large language models (LLMs) and enterprise AI

    Founded 2019Toronto, Canada$5.6Blast round Oct 2026
  2. 2Hut 8 Corp.Hut 8 Corp.

    Hut 8 Corp.

    Founded -Toronto, Canada$4.3Blast round Jun 2026
  3. 3ClioLexicata is now part of the Clio family.

    Lexicata is now part of the Clio family.

    Founded 2014Santa Monica, Canada$1.7Blast round Nov 2025
  4. 4WaabiWaabi is an artificial intelligence company based in Toronto, Canada, specializing in autonomous self-driving technology for long-haul trucking.

    Waabi is an artificial intelligence company based in Toronto, Canada, specializing in autonomous self-driving technology for long-haul trucking.

    Founded 2021Toronto, Canada$1.0Blast round Jan 2026
  5. 55C5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises.

    5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises.

    Founded 2025Saint Laurent, Canada$835Mlast round Jul 2025
  6. 65C GroupFounded -Canada$835Mlast round Jul 2025
  7. 7Beacon SoftwareBeacon acquires and grows essential businesses.

    Beacon acquires and grows essential businesses.

    Founded -Toronto, Canada$475Mlast round Jun 2026
  8. 8Converge Technology SolutionsConverge Technology Solutions is an IT company that offers cybersecurity, AI, advanced analytics, and digital infrastructure services.

    Converge Technology Solutions is an IT company that offers cybersecurity, AI, advanced analytics, and digital infrastructure services.

    Founded 2017Toronto, Canada$469Mlast round Jul 2022
  9. 9Centre de Collaboration MiQro InnovationCentre de Collaboration MiQro Innovation is a semiconductor foundry.

    Centre de Collaboration MiQro Innovation is a semiconductor foundry.

    Founded 2010Bromont, Canada$469Mlast round Dec 2025
  10. 10AntimatterAntimatter is a data security company that provides cryptographic infrastructure services to B2B SaaS companies.

    Antimatter is a data security company that provides cryptographic infrastructure services to B2B SaaS companies.

    Founded 2021Ottawa, Canada$363Mlast round May 2026
  11. 11Blue JBlue J is a Toronto-based enterprise software company founded in 2015, specializing in generative AI-powered tax research.

    Blue J is a Toronto-based enterprise software company founded in 2015, specializing in generative AI-powered tax research.

    Founded 2015Toronto, Canada$298Mlast round Nov 2026
  12. 12ProfoundFounded -Canada$279Mlast round Sept 2026
  13. 13Element AIFounded -Canada$253Mlast round Sept 2019
  14. 14LawZeroLawZero is committed to advancing research and creating technical solutions that enable safe-by-design AI systems.

    LawZero is committed to advancing research and creating technical solutions that enable safe-by-design AI systems.

    Founded -Montréal, Canada$215Mlast round Sept 2026
  15. 15VentionVention is a technology company based in Montreal, Canada, specializing in manufacturing automation.

    Vention is a technology company based in Montreal, Canada, specializing in manufacturing automation.

    Founded 2016Montreal, Canada$213Mlast round Jan 2026
  16. 16VoskerVosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions.

    Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions.

    Founded 2018Victoriaville, Canada$200Mlast round Feb 2026
  17. 17Deep GenomicsDeep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies.

    Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies.

    Founded 2014Toronto, Canada$197Mlast round Jul 2021
  18. 18QScaleQScale is an IT company that provides high-Performance computing centers with Energy Recovery.

    QScale is an IT company that provides high-Performance computing centers with Energy Recovery.

    Founded 2019Levis, Canada$170Mlast round Nov 2024
  19. 19TaalasTaalas is creating a platform for quickly turning any AI model into custom silicon.

    Taalas is creating a platform for quickly turning any AI model into custom silicon.

    Founded 2023Toronto, Canada$169Mlast round Feb 2026
  20. 20SolinkSolink is a cloud-based security and loss prevention technology company based in Ottawa, Ontario, Canada.

    Solink is a cloud-based security and loss prevention technology company based in Ottawa, Ontario, Canada.

    Founded 2009Ottawa, Canada$160Mlast round Oct 2026
  21. 21Untether AIUntether AI develops AI chips to enable new frontiers in AI applications.

    Untether AI develops AI chips to enable new frontiers in AI applications.

    Founded 2018Toronto, Canada$158Mlast round Jul 2021
  22. 22BiossilBiossil is an AI-native biopharma company located in Toronto, Canada.

    Biossil is an AI-native biopharma company located in Toronto, Canada.

    Founded 2023Toronto, Canada$153Mlast round Sept 2026
  23. 23PowerLatticeFounded -Canada$111Mlast round Oct 2026
  24. 24VITALFounded -Canada$105Mlast round Jun 2026
  25. 25AmityAmity is a technology company based in Toronto, specializing in Customer Success Software delivered as a cloud-native SaaS platform.

    Amity is a technology company based in Toronto, specializing in Customer Success Software delivered as a cloud-native SaaS platform.

    Founded 2012Toronto, Canada$100Mlast round Nov 2026
  26. 26BenchSciBenchSci is a Toronto-based software company that specializes in AI-driven solutions for life sciences and drug discovery.

    BenchSci is a Toronto-based software company that specializes in AI-driven solutions for life sciences and drug discovery.

    Founded 2015Toronto, Canada$98Mlast round May 2023
  27. 27Conquest PlanningConquest Planning is a financial planning software company based in Winnipeg, Canada, founded in 2018 by experienced professionals in financial technology.

    Conquest Planning is a financial planning software company based in Winnipeg, Canada, founded in 2018 by experienced professionals in financial technology.

    Founded 2018Winnipeg, Canada$80Mlast round Jun 2025
  28. 28IdeogramIdeogram is an artificial intelligence company based in Toronto, Ontario, specializing in generative media, particularly text-to-image models.

    Ideogram is an artificial intelligence company based in Toronto, Ontario, specializing in generative media, particularly text-to-image models.

    Founded 2022Toronto, Canada$80Mlast round Feb 2024
  29. 29AdaFounded -Canada$74Mlast round Mar 2025
  30. 30GumloopGumloop is a no-code AI automation platform founded in April 2023, originally named AgentHub.

    Gumloop is a no-code AI automation platform founded in April 2023, originally named AgentHub.

    Founded 2023San Francisco, Canada$67Mlast round Mar 2026
  31. 31DelphiaDelphia is a Toronto-based fintech company founded in 2018 that specializes in AI-driven investment products.

    Delphia is a Toronto-based fintech company founded in 2018 that specializes in AI-driven investment products.

    Founded 2018Toronto, Canada$60Mlast round Jun 2022
  32. 32dcbeldcbel is an AI-driven sustainable energy technology company based in Montreal, Quebec, Canada.

    dcbel is an AI-driven sustainable energy technology company based in Montreal, Quebec, Canada.

    Founded 2015Montreal, Canada$55Mlast round Sept 2025
  33. 33Gaiiagaiia is a Canadian technology company that develops an all-in-one operating system tailored for telecommunications companies and Internet Service Providers (ISPs).

    gaiia is a Canadian technology company that develops an all-in-one operating system tailored for telecommunications companies and Internet Service Providers (ISPs).

    Founded 2023Montreal, Canada$53Mlast round May 2026
  34. 34MappedInMappedin is a leader in indoor mapping and spatial data management, based in Waterloo, Ontario, Canada.

    Mappedin is a leader in indoor mapping and spatial data management, based in Waterloo, Ontario, Canada.

    Founded 2011Waterloo, Canada$52Mlast round Apr 2026
  35. 35ValidereValidere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable.

    Validere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable.

    Founded 2015Calgary, Canada$50Mlast round Mar 2022
  36. 36Kira SystemsKira Systems is a machine learning software that identifies, extracts, and analyzes text in contracts and other documents.

    Kira Systems is a machine learning software that identifies, extracts, and analyzes text in contracts and other documents.

    Founded 2011Canada$50Mlast round Sept 2018
  37. 37Healwell AlHealwell Al is a healthcare technology company that utilizes AI and data science for the early identification and detection of diseases.

    Healwell Al is a healthcare technology company that utilizes AI and data science for the early identification and detection of diseases.

    Founded 2012Toronto, Canada$50Mlast round Feb 2025
  38. 38PinePine operates as a digital mortgage company.

    Pine operates as a digital mortgage company.

    Founded 2021Toronto, Canada$50Mlast round Jun 2025
  39. 39Forma.aiForma.ai is an AI-powered Sales Performance Management (SPM) platform based in Toronto, Canada.

    Forma.ai is an AI-powered Sales Performance Management (SPM) platform based in Toronto, Canada.

    Founded 2016Toronto, Canada$45Mlast round May 2022
  40. 40Integrate.aiIntegrate.ai is a SaaS startup focused on enabling developers to build machine learning and analytics products across distributed data silos

    Integrate.ai is a SaaS startup focused on enabling developers to build machine learning and analytics products across distributed data silos

    Founded 2017Canada$45Mlast round Dec 2018
  41. 41GeologicAIGeologicAI is a leader in geoscience data acquisition and resource modeling, founded in 2013 in Calgary, Alberta.

    GeologicAI is a leader in geoscience data acquisition and resource modeling, founded in 2013 in Calgary, Alberta.

    Founded 2013Calgary, Canada$44Mlast round Jul 2025
  42. 42ArioFounded -Canada$43Mlast round Jun 2024
  43. 43Clearpath RoboticsClearpath provides self-driving vehicle technology and services for research and industrial clients.

    Clearpath provides self-driving vehicle technology and services for research and industrial clients.

    Founded 2009Kitchener, Canada$41Mlast round Oct 2016
  44. 44PassagePassage is a modern identity for web and mobile applications.

    Passage is a modern identity for web and mobile applications.

    Founded 2021Canada$41Mlast round May 2026
  45. 45Gandeeva TherapeuticsGandeeva Therapeutics is a precision biotechnology company based in Burnaby, British Columbia, Canada, founded in 2021.

    Gandeeva Therapeutics is a precision biotechnology company based in Burnaby, British Columbia, Canada, founded in 2021.

    Founded 2021Vancouver, Canada$40Mlast round Jan 2022
  46. 46SpellbookSpellbook is a legal software startup that develops a generative artificial intelligence contract drafting tool for lawyers.

    Spellbook is a legal software startup that develops a generative artificial intelligence contract drafting tool for lawyers.

    Founded 2018Toronto, Canada$40Mlast round Mar 2026
  47. 47Stradigi AIStradigi AI is a Montreal-based SaaS company founded in 2005, focusing on low-code and no-code AI software.

    Stradigi AI is a Montreal-based SaaS company founded in 2005, focusing on low-code and no-code AI software.

    Founded 2017Montreal, Canada$40Mlast round Nov 2019
  48. 48Stadigi AIFounded -Canada$40Mlast round Nov 2019
  49. 49Nanoprecise Sci CorpNanoprecise is an AI & IoT company that is revolutionizing the field of predictive maintenance by accurately diagnosing faults in machines.

    Nanoprecise is an AI & IoT company that is revolutionizing the field of predictive maintenance by accurately diagnosing faults in machines.

    Founded 2017Edmonton, Canada$38Mlast round Mar 2025
  50. 50SlyceSlyce is a visual search and image recognition technology provider for retailers and brands.

    Slyce is a visual search and image recognition technology provider for retailers and brands.

    Founded 2012Canada$37Mlast round May 2015
Total fundinghow the list is ranked
15 November 2026updated nightly
Rounds we tracksource: Millionrounds

Companies whose funding rounds we classed as any of these sectors, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

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