Top list · Toronto-Waterloo
AI startups in Toronto-Waterloo
102 AI startups in Toronto-Waterloo have raised money in rounds we track. These are the 50 that have raised the most, $14B between them.
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CohereCohere 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
Hut 8 Corp.Hut 8 Corp.Hut 8 Corp.
Founded -Toronto, Canada$4.3Blast round Jun 2026 - 3
WaabiWaabi 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 - 4
Beacon SoftwareBeacon acquires and grows essential businesses.Beacon acquires and grows essential businesses.
Founded -Toronto, Canada$475Mlast round Jun 2026 - 5
Converge 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 - 6
Blue 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 - 7
Deep 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 - 8
TaalasTaalas 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 - 9
Untether 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 - 10
BiossilBiossil 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 - 11
AmityAmity 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 - 12
BenchSciBenchSci 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 - 13
IdeogramIdeogram 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 - 14
DelphiaDelphia 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 - 15
MappedInMappedin 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 - 16
Healwell 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 - 17
PinePine operates as a digital mortgage company.Pine operates as a digital mortgage company.
Founded 2021Toronto, Canada$50Mlast round Jun 2025 - 18
Forma.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 - 19
Clearpath 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 - 20
SpellbookSpellbook 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 - 21
ManevaManeva is an industrial AI company based in Toronto, founded in 2021.Maneva is an industrial AI company based in Toronto, founded in 2021.
Founded 2022Toronto, Canada$37Mlast round Jun 2026 - 22
BorrowellBorrowell is a prominent Canadian fintech company founded in 2014 and based in Toronto, Ontario.Borrowell is a prominent Canadian fintech company founded in 2014 and based in Toronto, Ontario.
Founded 2014Toronto, Canada$35Mlast round May 2022 - 23
Altis LabsAltis Labs, Inc.Altis Labs, Inc.
Founded 2019Toronto, Canada$31Mlast round Sept 2026 - 24
Arteria AIArteria AI is a Toronto-based company that specializes in contract lifecycle management (CLM) and document intelligence.Arteria AI is a Toronto-based company that specializes in contract lifecycle management (CLM) and document intelligence.
Founded 2020Toronto, Canada$30Mlast round Oct 2023 - 25
CentMLCentML accelerates Machine Learning workloads by maximizing training and inference efficiency leading to compute cost reduction.CentML accelerates Machine Learning workloads by maximizing training and inference efficiency leading to compute cost reduction.
Founded 2022Toronto, Canada$27Mlast round Oct 2023 - 26
ODAIAODAIA is a Toronto-based AI company founded in 2018, specializing in AI-powered commercial intelligence for the life sciences and pharmaceutical industry.ODAIA is a Toronto-based AI company founded in 2018, specializing in AI-powered commercial intelligence for the life sciences and pharmaceutical industry.
Founded 2018Toronto, Canada$27Mlast round May 2023 - 27
Armilla AIArmilla AI is a governance platform that enables algorithmic accountability to drive ethical decisions with transparency.Armilla AI is a governance platform that enables algorithmic accountability to drive ethical decisions with transparency.
Founded 2019Toronto, Canada$25Mlast round Jan 2026 - 28
AstrusAstrus is a Toronto-based artificial intelligence startup founded in 2022, focusing on AI-driven Electronic Design Automation (EDA) for analog microchip layout design.Astrus is a Toronto-based artificial intelligence startup founded in 2022, focusing on AI-driven Electronic Design Automation (EDA) for analog microchip layout design.
Founded 2022Toronto, Canada$20Mlast round Sept 2026 - 29
LookiLooki is an AI wearable technology company based in Shenzhen, China, founded in 2024.Looki is an AI wearable technology company based in Shenzhen, China, founded in 2024.
Founded 2024Toronto, Canada$20Mlast round Jan 2026 - 30
RouteThisRouteThis is a Canadian SaaS company based in Kitchener, Ontario, that specializes in network connectivity support for Internet Service Providers (ISPs) and SmaRouteThis is a Canadian SaaS company based in Kitchener, Ontario, that specializes in network connectivity support for Internet Service Providers (ISPs) and Sma
Founded 2013Kitchener, Canada$20Mlast round Feb 2022 - 31
Promise RoboticsPromise Robotics is a Canadian startup based in Toronto, specializing in artificial intelligence and advanced manufacturing for the homebuilding industry.Promise Robotics is a Canadian startup based in Toronto, specializing in artificial intelligence and advanced manufacturing for the homebuilding industry.
Founded 2021Toronto, Canada$17Mlast round Jun 2025 - 32
FluidAI MedicalFluidAI Medical is a Medical Device startup developing a solution to detect gastrointestinal leaks after surgical procedures.FluidAI Medical is a Medical Device startup developing a solution to detect gastrointestinal leaks after surgical procedures.
Founded 2014Kitchener, Canada$16Mlast round Feb 2025 - 33
ZuvaZuva is a Toronto-based legal technology company founded in 2021, specializing in AI-powered solutions for contract and business document analysis.Zuva is a Toronto-based legal technology company founded in 2021, specializing in AI-powered solutions for contract and business document analysis.
Founded 2021Toronto, Canada$16Mlast round Sept 2021 - 34
WOMBOWOMBO is an AI-powered lip sync app that creates deepfake copies of images lip-syncing to a selection of songs.WOMBO is an AI-powered lip sync app that creates deepfake copies of images lip-syncing to a selection of songs.
Founded 2020Toronto, Canada$15Mlast round Sept 2024 - 35
SnapliiSnaplii is a North American fintech company founded in 2020 and headquartered in Mississauga, Ontario.Snaplii is a North American fintech company founded in 2020 and headquartered in Mississauga, Ontario.
Founded 2020Mississauga, Canada$15Mlast round Nov 2026 - 36
Peripheral LabsPeripheral Labs brings spatial intelligence to live media.Peripheral Labs brings spatial intelligence to live media.
Founded -Toronto, Canada$12Mlast round Aug 2026 - 37
LightworksEngineering intelligent futures for the world's most regulated organizations.Engineering intelligent futures for the world's most regulated organizations.
Founded 2024Toronto, Canada$12Mlast round Feb 2026 - 38
Signal 1Signal 1 is a Toronto-based health AI startup founded in April 2022.Signal 1 is a Toronto-based health AI startup founded in April 2022.
Founded 2022Toronto, Canada$10Mlast round Apr 2022 - 39
RSVP.aiRSVP.ai is a private software and artificial intelligence company based in Waterloo, Ontario.RSVP.ai is a private software and artificial intelligence company based in Waterloo, Ontario.
Founded 2013Waterloo, Canada$10Mlast round Jun 2019 - 40
Garnet LabsMakers of listen.dev, a security monitoring tool for CI/CD pipelines.Makers of listen.dev, a security monitoring tool for CI/CD pipelines.
Founded 2021Toronto, Canada$8.5Mlast round Dec 2021 - 41
ScribenoteScribenote is an AI-powered medical scribe and practice management platform designed specifically for veterinarians.Scribenote is an AI-powered medical scribe and practice management platform designed specifically for veterinarians.
Founded 2021Kitchener, Canada$8.2Mlast round Sept 2024 - 42
BittensorBittensor is an open-source peer-to-peer framework that commoditizes a blockchain-based machine-learning network.
Bittensor is an open-source peer-to-peer framework that commoditizes a blockchain-based machine-learning network.
Founded -Toronto, Canada$8.0Mlast round Aug 2025 - 43
Private AIPrivate AI develops privacy-preserving machine learning and natural language processing tools making privacy and GDPR compliance reliable.Private AI develops privacy-preserving machine learning and natural language processing tools making privacy and GDPR compliance reliable.
Founded -Toronto, Canada$8.0Mlast round Nov 2022 - 44
ProNavigatorProNavigator is an AI-powered knowledge management platform designed specifically for the insurance industry.ProNavigator is an AI-powered knowledge management platform designed specifically for the insurance industry.
Founded 2016Kitchener, Canada$7.6Mlast round Sept 2022 - 45
General MagicGeneral Magic helps legacy software companies become AI native without changing a single line of code.General Magic helps legacy software companies become AI native without changing a single line of code.
Founded -Toronto, Canada$7.2Mlast round Feb 2026 - 46
ShakudoShakudo is a Toronto-based technology company founded in 2021, specializing in a comprehensive Data & AI Operating System.Shakudo is a Toronto-based technology company founded in 2021, specializing in a comprehensive Data & AI Operating System.
Founded 2021Toronto, Canada$7.0Mlast round Feb 2026 - 47
Intrepid LabsIntrepid Labs is a pharmaceutical technology company dedicated to accelerating drug development by integrating artificial intelligence, robotics, and deep pharmIntrepid Labs is a pharmaceutical technology company dedicated to accelerating drug development by integrating artificial intelligence, robotics, and deep pharm
Founded -Toronto, Canada$7.0Mlast round May 2025 - 48
AdeptmindAdeptmind is a technology solution that enhances the online shopping experience for retailers.Adeptmind is a technology solution that enhances the online shopping experience for retailers.
Founded 2016Toronto, Canada$6.2Mlast round Jun 2021 - 49
AI ArenaAI Arena provides native gaming and train their NFT using artificial intelligence.AI Arena provides native gaming and train their NFT using artificial intelligence.
Founded 2021Toronto, Canada$6.0Mlast round Jan 2024 - 50
IcontekIcontek is a Toronto-based software development company founded in 2014.Icontek is a Toronto-based software development company founded in 2014.
Founded 2014Toronto, Canada$6.0Mlast round Aug 2018
Toronto, CanadaCompanies 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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