# Top 50 AI Startups in Canada by Funding (2026)

> The 50 best-funded AI startups in Canada, ranked by total funding raised: $20B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/ai-startups-canada (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Cohere** Cohere is a Canadian multinational artificial intelligence company founded in 2019, specializing in foundational large language models (LLMs) and enterprise AI](https://millionrounds.com/company/cohere) Cohere is a Canadian multinational artificial intelligence company founded in 2019, specializing in foundational large language models (LLMs) and enterprise AI *Founded* 2019 Toronto, Canada **$5.6B** last round Oct 2026
- 2 [**Hut 8 Corp.** Hut 8 Corp.](https://millionrounds.com/company/hut-8-corp) Hut 8 Corp. *Founded* - Toronto, Canada **$4.3B** last round Jun 2026
- 3 [**Clio** Lexicata is now part of the Clio family.](https://millionrounds.com/company/clio) Lexicata is now part of the Clio family. *Founded* 2014 Santa Monica, Canada **$1.7B** last round Nov 2025
- 4 [**Waabi** Waabi is an artificial intelligence company based in Toronto, Canada, specializing in autonomous self-driving technology for long-haul trucking.](https://millionrounds.com/company/waabi) Waabi is an artificial intelligence company based in Toronto, Canada, specializing in autonomous self-driving technology for long-haul trucking. *Founded* 2021 Toronto, Canada **$1.0B** last round Jan 2026
- 5 [**5C** 5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises.](https://millionrounds.com/company/5c) 5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises. *Founded* 2025 Saint Laurent, Canada **$835M** last round Jul 2025
- 6 [**5C Group**](https://millionrounds.com/company/5c-group) *Founded* - Canada **$835M** last round Jul 2025
- 7 [**Beacon Software** Beacon acquires and grows essential businesses.](https://millionrounds.com/company/beacon-software) Beacon acquires and grows essential businesses. *Founded* - Toronto, Canada **$475M** last round Jun 2026
- 8 [**Converge Technology Solutions** Converge Technology Solutions is an IT company that offers cybersecurity, AI, advanced analytics, and digital infrastructure services.](https://millionrounds.com/company/converge-technology-solutions) Converge Technology Solutions is an IT company that offers cybersecurity, AI, advanced analytics, and digital infrastructure services. *Founded* 2017 Toronto, Canada **$469M** last round Jul 2022
- 9 [**Centre de Collaboration MiQro Innovation** Centre de Collaboration MiQro Innovation is a semiconductor foundry.](https://millionrounds.com/company/centre-de-collaboration-miqro-innovation) Centre de Collaboration MiQro Innovation is a semiconductor foundry. *Founded* 2010 Bromont, Canada **$469M** last round Dec 2025
- 10 [**Antimatter** Antimatter is a data security company that provides cryptographic infrastructure services to B2B SaaS companies.](https://millionrounds.com/company/antimatter) Antimatter is a data security company that provides cryptographic infrastructure services to B2B SaaS companies. *Founded* 2021 Ottawa, Canada **$363M** last round May 2026
- 11 [**Blue J** Blue J is a Toronto-based enterprise software company founded in 2015, specializing in generative AI-powered tax research.](https://millionrounds.com/company/blue-j) Blue J is a Toronto-based enterprise software company founded in 2015, specializing in generative AI-powered tax research. *Founded* 2015 Toronto, Canada **$298M** last round Nov 2026
- 12 [**Profound**](https://millionrounds.com/company/profound) *Founded* - Canada **$279M** last round Sept 2026
- 13 [**Element AI**](https://millionrounds.com/company/element-ai) *Founded* - Canada **$253M** last round Sept 2019
- 14 [**LawZero** LawZero is committed to advancing research and creating technical solutions that enable safe-by-design AI systems.](https://millionrounds.com/company/lawzero) LawZero is committed to advancing research and creating technical solutions that enable safe-by-design AI systems. *Founded* - Montréal, Canada **$215M** last round Sept 2026
- 15 [**Vention** Vention is a technology company based in Montreal, Canada, specializing in manufacturing automation.](https://millionrounds.com/company/vention) Vention is a technology company based in Montreal, Canada, specializing in manufacturing automation. *Founded* 2016 Montreal, Canada **$213M** last round Jan 2026
- 16 [**Vosker** Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions.](https://millionrounds.com/company/vosker) Vosker provides remote area monitoring technology using solar power and artificial intelligence for cutting-edge surveillance solutions. *Founded* 2018 Victoriaville, Canada **$200M** last round Feb 2026
- 17 [**Deep Genomics** Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies.](https://millionrounds.com/company/deep-genomics) Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies. *Founded* 2014 Toronto, Canada **$197M** last round Jul 2021
- 18 [**QScale** QScale is an IT company that provides high-Performance computing centers with Energy Recovery.](https://millionrounds.com/company/qscale) QScale is an IT company that provides high-Performance computing centers with Energy Recovery. *Founded* 2019 Levis, Canada **$170M** last round Nov 2024
- 19 [**Taalas** Taalas is creating a platform for quickly turning any AI model into custom silicon.](https://millionrounds.com/company/taalas) Taalas is creating a platform for quickly turning any AI model into custom silicon. *Founded* 2023 Toronto, Canada **$169M** last round Feb 2026
- 20 [**Solink** Solink is a cloud-based security and loss prevention technology company based in Ottawa, Ontario, Canada.](https://millionrounds.com/company/solink) Solink is a cloud-based security and loss prevention technology company based in Ottawa, Ontario, Canada. *Founded* 2009 Ottawa, Canada **$160M** last round Oct 2026
- 21 [**Untether AI** Untether AI develops AI chips to enable new frontiers in AI applications.](https://millionrounds.com/company/untether-ai) Untether AI develops AI chips to enable new frontiers in AI applications. *Founded* 2018 Toronto, Canada **$158M** last round Jul 2021
- 22 [**Biossil** Biossil is an AI-native biopharma company located in Toronto, Canada.](https://millionrounds.com/company/biossil) Biossil is an AI-native biopharma company located in Toronto, Canada. *Founded* 2023 Toronto, Canada **$153M** last round Sept 2026
- 23 [**PowerLattice**](https://millionrounds.com/company/powerlattice) *Founded* - Canada **$111M** last round Oct 2026
- 24 [**VITAL**](https://millionrounds.com/company/vital) *Founded* - Canada **$105M** last round Jun 2026
- 25 [**Amity** Amity is a technology company based in Toronto, specializing in Customer Success Software delivered as a cloud-native SaaS platform.](https://millionrounds.com/company/amity) Amity is a technology company based in Toronto, specializing in Customer Success Software delivered as a cloud-native SaaS platform. *Founded* 2012 Toronto, Canada **$100M** last round Nov 2026
- 26 [**BenchSci** BenchSci is a Toronto-based software company that specializes in AI-driven solutions for life sciences and drug discovery.](https://millionrounds.com/company/benchsci) BenchSci is a Toronto-based software company that specializes in AI-driven solutions for life sciences and drug discovery. *Founded* 2015 Toronto, Canada **$98M** last round May 2023
- 27 [**Conquest Planning** Conquest Planning is a financial planning software company based in Winnipeg, Canada, founded in 2018 by experienced professionals in financial technology.](https://millionrounds.com/company/conquest-planning) Conquest Planning is a financial planning software company based in Winnipeg, Canada, founded in 2018 by experienced professionals in financial technology. *Founded* 2018 Winnipeg, Canada **$80M** last round Jun 2025
- 28 [**Ideogram** Ideogram is an artificial intelligence company based in Toronto, Ontario, specializing in generative media, particularly text-to-image models.](https://millionrounds.com/company/ideogram) Ideogram is an artificial intelligence company based in Toronto, Ontario, specializing in generative media, particularly text-to-image models. *Founded* 2022 Toronto, Canada **$80M** last round Feb 2024
- 29 [**Ada**](https://millionrounds.com/company/ada) *Founded* - Canada **$74M** last round Mar 2025
- 30 [**Gumloop** Gumloop is a no-code AI automation platform founded in April 2023, originally named AgentHub.](https://millionrounds.com/company/gumloop) Gumloop is a no-code AI automation platform founded in April 2023, originally named AgentHub. *Founded* 2023 San Francisco, Canada **$67M** last round Mar 2026
- 31 [**Delphia** Delphia is a Toronto-based fintech company founded in 2018 that specializes in AI-driven investment products.](https://millionrounds.com/company/delphia) Delphia is a Toronto-based fintech company founded in 2018 that specializes in AI-driven investment products. *Founded* 2018 Toronto, Canada **$60M** last round Jun 2022
- 32 [**dcbel** dcbel is an AI-driven sustainable energy technology company based in Montreal, Quebec, Canada.](https://millionrounds.com/company/dcbel) dcbel is an AI-driven sustainable energy technology company based in Montreal, Quebec, Canada. *Founded* 2015 Montreal, Canada **$55M** last round Sept 2025
- 33 [**Gaiia** gaiia is a Canadian technology company that develops an all-in-one operating system tailored for telecommunications companies and Internet Service Providers (ISPs).](https://millionrounds.com/company/gaiia) gaiia is a Canadian technology company that develops an all-in-one operating system tailored for telecommunications companies and Internet Service Providers (ISPs). *Founded* 2023 Montreal, Canada **$53M** last round May 2026
- 34 [**MappedIn** Mappedin is a leader in indoor mapping and spatial data management, based in Waterloo, Ontario, Canada.](https://millionrounds.com/company/mappedin) Mappedin is a leader in indoor mapping and spatial data management, based in Waterloo, Ontario, Canada. *Founded* 2011 Waterloo, Canada **$52M** last round Apr 2026
- 35 [**Validere** Validere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable.](https://millionrounds.com/company/validere) Validere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable. *Founded* 2015 Calgary, Canada **$50M** last round Mar 2022
- 36 [**Kira Systems** Kira Systems is a machine learning software that identifies, extracts, and analyzes text in contracts and other documents.](https://millionrounds.com/company/kira-systems) Kira Systems is a machine learning software that identifies, extracts, and analyzes text in contracts and other documents. *Founded* 2011 Canada **$50M** last round Sept 2018
- 37 [**Healwell Al** Healwell Al is a healthcare technology company that utilizes AI and data science for the early identification and detection of diseases.](https://millionrounds.com/company/healwell-al) Healwell Al is a healthcare technology company that utilizes AI and data science for the early identification and detection of diseases. *Founded* 2012 Toronto, Canada **$50M** last round Feb 2025
- 38 [**Pine** Pine operates as a digital mortgage company.](https://millionrounds.com/company/pine) Pine operates as a digital mortgage company. *Founded* 2021 Toronto, Canada **$50M** last round Jun 2025
- 39 [**Forma.ai** Forma.ai is an AI-powered Sales Performance Management (SPM) platform based in Toronto, Canada.](https://millionrounds.com/company/forma-ai) Forma.ai is an AI-powered Sales Performance Management (SPM) platform based in Toronto, Canada. *Founded* 2016 Toronto, Canada **$45M** last round May 2022
- 40 [**Integrate.ai** Integrate.ai is a SaaS startup focused on enabling developers to build machine learning and analytics products across distributed data silos](https://millionrounds.com/company/integrate-ai) Integrate.ai is a SaaS startup focused on enabling developers to build machine learning and analytics products across distributed data silos *Founded* 2017 Canada **$45M** last round Dec 2018
- 41 [**GeologicAI** GeologicAI is a leader in geoscience data acquisition and resource modeling, founded in 2013 in Calgary, Alberta.](https://millionrounds.com/company/geologicai) GeologicAI is a leader in geoscience data acquisition and resource modeling, founded in 2013 in Calgary, Alberta. *Founded* 2013 Calgary, Canada **$44M** last round Jul 2025
- 42 [**Ario**](https://millionrounds.com/company/ario) *Founded* - Canada **$43M** last round Jun 2024
- 43 [**Clearpath Robotics** Clearpath provides self-driving vehicle technology and services for research and industrial clients.](https://millionrounds.com/company/clearpath-robotics) Clearpath provides self-driving vehicle technology and services for research and industrial clients. *Founded* 2009 Kitchener, Canada **$41M** last round Oct 2016
- 44 [**Passage** Passage is a modern identity for web and mobile applications.](https://millionrounds.com/company/passage) Passage is a modern identity for web and mobile applications. *Founded* 2021 Canada **$41M** last round May 2026
- 45 [**Gandeeva Therapeutics** Gandeeva Therapeutics is a precision biotechnology company based in Burnaby, British Columbia, Canada, founded in 2021.](https://millionrounds.com/company/gandeeva-therapeutics) Gandeeva Therapeutics is a precision biotechnology company based in Burnaby, British Columbia, Canada, founded in 2021. *Founded* 2021 Vancouver, Canada **$40M** last round Jan 2022
- 46 [**Spellbook** Spellbook is a legal software startup that develops a generative artificial intelligence contract drafting tool for lawyers.](https://millionrounds.com/company/spellbook) Spellbook is a legal software startup that develops a generative artificial intelligence contract drafting tool for lawyers. *Founded* 2018 Toronto, Canada **$40M** last round Mar 2026
- 47 [**Stradigi AI** Stradigi AI is a Montreal-based SaaS company founded in 2005, focusing on low-code and no-code AI software.](https://millionrounds.com/company/stradigi-ai) Stradigi AI is a Montreal-based SaaS company founded in 2005, focusing on low-code and no-code AI software. *Founded* 2017 Montreal, Canada **$40M** last round Nov 2019
- 48 [**Stadigi AI**](https://millionrounds.com/company/stadigi-ai) *Founded* - Canada **$40M** last round Nov 2019
- 49 [**Nanoprecise Sci Corp** Nanoprecise is an AI & IoT company that is revolutionizing the field of predictive maintenance by accurately diagnosing faults in machines.](https://millionrounds.com/company/nanoprecise-sci-corp) Nanoprecise is an AI & IoT company that is revolutionizing the field of predictive maintenance by accurately diagnosing faults in machines. *Founded* 2017 Edmonton, Canada **$38M** last round Mar 2025
- 50 [**Slyce** Slyce is a visual search and image recognition technology provider for retailers and brands.](https://millionrounds.com/company/slyce) Slyce is a visual search and image recognition technology provider for retailers and brands. *Founded* 2012 Canada **$37M** last round May 2015

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: 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.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back AI startups in Canada in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More machine learning lists

[See all](https://millionrounds.com/top-lists?t=Machine%20learning)

[*N* *AA* *IL* **AI startups in the United Kingdom** 835 companies · $32B](https://millionrounds.com/top-lists/ai-startups-united-kingdom)[*MA* *M* *AL* **AI startups in France** 305 companies · $17B](https://millionrounds.com/top-lists/ai-startups-france)[*MC* *X* *J* **AI startups in Spain** 127 companies · $1.9B](https://millionrounds.com/top-lists/ai-startups-spain)[*KA* *GR* *S* **AI startups in Switzerland** 124 companies · $1.9B](https://millionrounds.com/top-lists/ai-startups-switzerland)

## More lists for Canada

[See all](https://millionrounds.com/top-lists?r=Canada)

[*C* *H8* *AP* **Startups in Canada** 2,950 companies · $38B](https://millionrounds.com/top-lists/startups-canada)[*A* *T* *AP* **Health startups in Canada** 386 companies · $5.7B](https://millionrounds.com/top-lists/health-startups-canada)[*LG* *P* *H* **IT Services startups in Canada** 232 companies · $2.0B](https://millionrounds.com/top-lists/it-services-startups-canada)[*A* *T* *RT* **Biotech startups in Canada** 210 companies · $4.9B](https://millionrounds.com/top-lists/biotech-startups-canada)[*A* *RT* *T* **Healthcare startups in Canada** 195 companies · $3.7B](https://millionrounds.com/top-lists/healthcare-startups-canada)[*E* *GF* *EF* **Climate tech startups in Canada** 126 companies · $2.8B](https://millionrounds.com/top-lists/climate-tech-startups-canada)[*5G* *T* *P* **Big Data & Analytics startups in Canada** 116 companies · $3.0B](https://millionrounds.com/top-lists/big-data-startups-canada)[*AP* *CP* *CM* **Energy startups in Canada** 103 companies · $6.1B](https://millionrounds.com/top-lists/energy-startups-canada)