Top list · Toronto-Waterloo
Deep tech startups in Toronto-Waterloo
16 deep tech startups in Toronto-Waterloo have raised money in rounds we track. These are the 16 that have raised the most, $515M between them.
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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 - 2
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 - 3
Kepler CommunicationsKepler Communications is a satellite communications company.Kepler Communications is a satellite communications company.
Founded 2015Toronto, Canada$108Mlast round Apr 2023 - 4
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 - 5
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 - 6
Canada Rocket CompanyCanada Rocket Company is an aerospace company engaged in the development of defence and space infrastructure for sovereign access to space.Canada Rocket Company is an aerospace company engaged in the development of defence and space infrastructure for sovereign access to space.
Founded 2025Toronto, Canada$11Mlast round Mar 2026 - 7
NordSpaceNordSpace is an aerospace company that provides an end-to-end responsive space launch system.NordSpace is an aerospace company that provides an end-to-end responsive space launch system.
Founded 2022Markham, Canada$11Mlast round May 2026 - 8
Canada JetlinesCanada Jetlines is an all-Canadian leisure airline providing passengers with travel to destinations within the U.S., Caribbean, and Mexico.Canada Jetlines is an all-Canadian leisure airline providing passengers with travel to destinations within the U.S., Caribbean, and Mexico.
Founded 2021Mississauga, Canada$10Mlast round Sept 2023 - 9
Nfinite NanotechNfinite Nanotechnology develops a nanocoating technology that enables the fabrication of devices such as photovoltaics, and batteries.Nfinite Nanotechnology develops a nanocoating technology that enables the fabrication of devices such as photovoltaics, and batteries.
Founded 2021Waterloo, Canada$6.5Mlast round May 2024 - 10
MeissnerMEISSNER is a materials company dedicated to discovering and commercializing high-temperature superconductors that do not rely on rare-earth elements.MEISSNER is a materials company dedicated to discovering and commercializing high-temperature superconductors that do not rely on rare-earth elements.
Founded 2025Toronto, Canada$2.6Mlast round Sept 2026 - 11
Neptune NanotechnologiesNeptune Nanotechnologies is an early-stage technology startup focused on bio-nano materials.Neptune Nanotechnologies is an early-stage technology startup focused on bio-nano materials.
Founded 2022Markham, Canada$1.4Mlast round Jul 2023 - 12
Canadian Strategic Missions CorporationCSMC is an infrastructure and technology company focused on filling key gaps in future space exploration.CSMC is an infrastructure and technology company focused on filling key gaps in future space exploration.
Founded -Toronto, Canada$717Klast round Jun 2026 - 13MetabacusMetabacus is a software company that provides system level electronic design automation (EDA) solutions for semiconductor and systems companies.
Metabacus is a software company that provides system level electronic design automation (EDA) solutions for semiconductor and systems companies.
Founded 2008Toronto, Canada$500Klast round Apr 2008 - 14Redtree RoboticsRedtree Robotics offers chipsets that enables users to connect sensors, actuators, components, and others parts to robots.
Redtree Robotics offers chipsets that enables users to connect sensors, actuators, components, and others parts to robots.
Founded 2011Kitchener, Canada$267Klast round Jan 2015 - 15
Bio Graphene SolutionsBio Graphene Solutions (BGS) is a Canadian clean-tech manufacturer based in Toronto, Ontario.Bio Graphene Solutions (BGS) is a Canadian clean-tech manufacturer based in Toronto, Ontario.
Founded 2019Toronto, Canada$250Klast round Dec 2022 - 16
Studio 1 LabsStudio 1 Labs are creators of Multi-Dimensional Sensors that feel the warmth, presence, and embrace of the surrounding environment.Studio 1 Labs are creators of Multi-Dimensional Sensors that feel the warmth, presence, and embrace of the surrounding environment.
Founded 2015Markham, Canada$74Klast round Feb 2024
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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