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

> The 50 best-funded hardware startups in Canada, ranked by total funding raised: $1.1B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**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
- 2 [**Photonic** Photonic develops quantum computing and networking technologies, utilizing silicon spin qubits and native telecom networking interface.](https://millionrounds.com/company/photonic) Photonic develops quantum computing and networking technologies, utilizing silicon spin qubits and native telecom networking interface. *Founded* 2016 Coquitlam, Canada **$131M** last round Jan 2026
- 3 [**e2ip technologies** E2IP Technologies is a global leader in printed electronics, advanced material science, and Human Machine Interface (HMI) solutions, based in Montreal, Quebec, Canada.](https://millionrounds.com/company/e2ip-technologies) E2IP Technologies is a global leader in printed electronics, advanced material science, and Human Machine Interface (HMI) solutions, based in Montreal, Quebec, Canada. *Founded* 1980 Montreal, Canada **$120M** last round Apr 2023
- 4 [**PowerLattice**](https://millionrounds.com/company/powerlattice) *Founded* - Canada **$111M** last round Oct 2026
- 5 [**Peraso**](https://millionrounds.com/company/peraso) *Founded* - Canada **$62M** last round Feb 2019
- 6 [**Nord Quantique** Nord Quantique is a Canadian startup based in Sherbrooke, Quebec, focused on developing fault-tolerant quantum computers.](https://millionrounds.com/company/nord-quantique) Nord Quantique is a Canadian startup based in Sherbrooke, Quebec, focused on developing fault-tolerant quantum computers. *Founded* 2020 Sherbrooke, Canada **$57M** last round Oct 2026
- 7 [**Peraso Technologies** Peraso Technologies is a fabless semiconductor company developing multi-gigabit, millimeter wave single-chip transceivers for phones.](https://millionrounds.com/company/peraso-technologies) Peraso Technologies is a fabless semiconductor company developing multi-gigabit, millimeter wave single-chip transceivers for phones. *Founded* 2008 Canada **$53M** last round Oct 2014
- 8 [**VueReal**](https://millionrounds.com/company/vuereal) *Founded* - Canada **$49M** last round Jan 2025
- 9 [**Laserax** Laserax is a Quebec-based manufacturer specializing in industrial laser systems and turnkey solutions.](https://millionrounds.com/company/laserax) Laserax is a Quebec-based manufacturer specializing in industrial laser systems and turnkey solutions. *Founded* 2010 Quebec City, Canada **$46M** last round Oct 2024
- 10 [**Liquid Computing** Liquid Computing was an information technology company founded in 2003 and based in Ottawa, Canada, with additional offices in Stamford, Connecticut.](https://millionrounds.com/company/liquid-computing) Liquid Computing was an information technology company founded in 2003 and based in Ottawa, Canada, with additional offices in Stamford, Connecticut. *Founded* 2003 Ottawa, Canada **$44M** last round Nov 2009
- 11 [**Mechasys** Mechasys is a Montreal-based construction technology startup founded in March 2018 by three engineering students.](https://millionrounds.com/company/mechasys) Mechasys is a Montreal-based construction technology startup founded in March 2018 by three engineering students. *Founded* 2018 Montreal, Canada **$23M** last round Aug 2025
- 12 [**GaN Systems** GaN Systems offers a range of Gallium Nitride high power switching diodes and transistors for clean tech power conversion applications.](https://millionrounds.com/company/gan-systems) GaN Systems offers a range of Gallium Nitride high power switching diodes and transistors for clean tech power conversion applications. *Founded* 2008 Canada **$20M** last round May 2015
- 13 [**Astrus** Astrus is a Toronto-based artificial intelligence startup founded in 2022, focusing on AI-driven Electronic Design Automation (EDA) for analog microchip layout design.](https://millionrounds.com/company/astrus) 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* 2022 Toronto, Canada **$20M** last round Sept 2026
- 14 [**Greentank Technologies** Greentank Technologies is a premier manufacturer specializing in advanced aerosolization and vaporization technologies, primarily for the cannabis industry.](https://millionrounds.com/company/greentank-technologies) Greentank Technologies is a premier manufacturer specializing in advanced aerosolization and vaporization technologies, primarily for the cannabis industry. *Founded* 2016 Toronto, Canada **$20M** last round Jul 2026
- 15 [**ViXS Systems** ViXS Systems offers technologies and solutions for processing, managing, securing and distributing high quality video and audio.](https://millionrounds.com/company/vixs-systems) ViXS Systems offers technologies and solutions for processing, managing, securing and distributing high quality video and audio. *Founded* 2000 Canada **$19M** last round Jun 2013
- 16 [**Lumenpulse** Lumenpulse provides sustainable, high-performance LED lighting solutions for commercial, institutional, and urban environments.](https://millionrounds.com/company/lumenpulse) Lumenpulse provides sustainable, high-performance LED lighting solutions for commercial, institutional, and urban environments. *Founded* 2006 Longueuil, Canada **$16M** last round Aug 2011
- 17 [**Eocycle** Eocycle Technologies Inc.](https://millionrounds.com/company/eocycle) Eocycle Technologies Inc. *Founded* 2001 Montreal, Canada **$15M** last round Apr 2024
- 18 [**Mysa**](https://millionrounds.com/company/mysa) *Founded* - Canada **$14M** last round Jan 2026
- 19 [**LED Roadway Lighting** LED Roadway Lighting is a manufacturer of wireless streetlight controllers, micro-sensors, software, and energy LED streetlights.](https://millionrounds.com/company/led-roadway-lighting) LED Roadway Lighting is a manufacturer of wireless streetlight controllers, micro-sensors, software, and energy LED streetlights. *Founded* 2019 Halifax, Canada **$14M** last round Mar 2014
- 20 [**Femtum** Femtum provides mid-infrared pulsed fibre lasers, fibre amplifiers, and tunable lasers for medical and industrial use.](https://millionrounds.com/company/femtum) Femtum provides mid-infrared pulsed fibre lasers, fibre amplifiers, and tunable lasers for medical and industrial use. *Founded* 2017 Quebec City, Canada **$13M** last round Aug 2026
- 21 [**Hyperlume** Hyperlume Inc.](https://millionrounds.com/company/hyperlume) Hyperlume Inc. *Founded* - Ottawa, Canada **$13M** last round Feb 2025
- 22 [**CoolIT Systems** CoolIT Systems is engaged in the design and manufacture of electronic cooling systems and system integration services.](https://millionrounds.com/company/coolit-systems) CoolIT Systems is engaged in the design and manufacture of electronic cooling systems and system integration services. *Founded* 2001 Calgary, Canada **$10M** last round Oct 2011
- 23 [**Potentia Semiconductor** Potentia Semiconductor Corporation provides power management solutions, such as PS-2402 and PS-2404 to the flat panel display industry.](https://millionrounds.com/company/potentia-semiconductor) Potentia Semiconductor Corporation provides power management solutions, such as PS-2402 and PS-2404 to the flat panel display industry. *Founded* 2000 Canada **$8.0M** last round Jul 2005
- 24 [**Upverter** The future of hardware design (YC W11)](https://millionrounds.com/company/upverter) The future of hardware design (YC W11) *Founded* 2010 Toronto, Canada **$6.8M** last round Mar 2014
- 25 [**Croptimistic Technology Inc.** Croptimistic Technology Inc.](https://millionrounds.com/company/croptimistic-technology-inc) Croptimistic Technology Inc. *Founded* 2018 Saskatoon, Canada **$5.2M** last round Jun 2021
- 26 [**Vizimax** Vizimax manufactures automation systems for grid modernization products, making the electric grid more efficient with less network outages.](https://millionrounds.com/company/vizimax) Vizimax manufactures automation systems for grid modernization products, making the electric grid more efficient with less network outages. *Founded* 1988 Longueuil, Canada **$4.1M** last round Jan 2012
- 27 [**Nuvyyo** Nuvyyo reinvents home media experience for consumers in the U.S.](https://millionrounds.com/company/nuvyyo) Nuvyyo reinvents home media experience for consumers in the U.S. *Founded* 2010 Canada **$4.0M** last round Nov 2013
- 28 [**AnyWare Group** AnyWare Group provides remote access solutions for hospitals and healthcare organizations in North America.](https://millionrounds.com/company/anyware-group) AnyWare Group provides remote access solutions for hospitals and healthcare organizations in North America. *Founded* 1999 Canada **$3.7M** last round Oct 2005
- 29 [**GPHY** GPHY is a web platform that develops a hybrid workspace management IoT ecosystem.](https://millionrounds.com/company/gphy) GPHY is a web platform that develops a hybrid workspace management IoT ecosystem. *Founded* 2018 Québec, Canada **$3.6M** last round Oct 2024
- 30 [**Stromcore** Stromcore is a designer and manufacturer of Lithium-Ion forklift batteries.](https://millionrounds.com/company/stromcore) Stromcore is a designer and manufacturer of Lithium-Ion forklift batteries. *Founded* 2016 Mississauga, Canada **$3.5M** last round May 2023
- 31 [**Galaxia Space Systems**](https://millionrounds.com/company/galaxia-space-systems) *Founded* - Canada **$3.3M** last round Sept 2026
- 32 [**Alentic Microscience** Alentic Microscience is a Halifax-based microscopy company that has developed a new imaging device](https://millionrounds.com/company/alentic-microscience) Alentic Microscience is a Halifax-based microscopy company that has developed a new imaging device *Founded* 2010 Halifax, Canada **$3.0M** last round Mar 2019
- 33 [**Acuva Technologies** Acuva’s purification system is a novel water treatment concept](https://millionrounds.com/company/acuva-technologies) Acuva’s purification system is a novel water treatment concept *Founded* 2014 Vancouver, Canada **$3.0M** last round May 2022
- 34 [**YWire technologies** Lowest Cost Networked Lighting Control Solution in The Industry](https://millionrounds.com/company/ywire-technologies) Lowest Cost Networked Lighting Control Solution in The Industry *Founded* 2009 Canada **$2.8M** last round Jun 2015
- 35 [**Tarquin Group** Tarquin Group is a diversified industrial technology company offering custom and standard laser-based material processing systems and parts.](https://millionrounds.com/company/tarquin-group) Tarquin Group is a diversified industrial technology company offering custom and standard laser-based material processing systems and parts. *Founded* 2004 Canada **$2.6M** last round Feb 2007
- 36 [**FIBOS** FIBOS is into creating advanced optical measurements by replacing conventional electrical sensors.](https://millionrounds.com/company/fibos) FIBOS is into creating advanced optical measurements by replacing conventional electrical sensors. *Founded* 2016 Canada **$2.2M** last round Feb 2019
- 37 [**LUCID Vision Labs** LUCID Vision Labs designs and manufactures innovative machine vision cameras and components that utilize the latest technologies.](https://millionrounds.com/company/lucid-vision-labs) LUCID Vision Labs designs and manufactures innovative machine vision cameras and components that utilize the latest technologies. *Founded* 2017 Richmond, Canada **$1.5M** last round Oct 2024
- 38 [**Novonix Battery Testing Services** Novonix Battery Testing Services provides revolutionary clean energy solutions for the battery industry.](https://millionrounds.com/company/novonix-battery-testing-services) Novonix Battery Testing Services provides revolutionary clean energy solutions for the battery industry. *Founded* - Bedford, Canada **$1.0M** last round Mar 2022
- 39 [**G2V Optics** G2V develops and commercializes technology that will enable food production for a growing population.](https://millionrounds.com/company/g2v-optics) G2V develops and commercializes technology that will enable food production for a growing population. *Founded* 2015 Edmonton, Canada **$1.0M** last round Feb 2020
- 40 [**Triacta Power Technologies** Triacta Power Technologies develops multipoint energy management meters for commercial, institutional, and residential applications.](https://millionrounds.com/company/triacta-power-technologies) Triacta Power Technologies develops multipoint energy management meters for commercial, institutional, and residential applications. *Founded* 2003 Carleton Place, Canada **$887K** last round Oct 2006
- 41 [**Dream Photonics** Dream Photonics is a technology spin-off from UBC combining decades of academic and industry experience.](https://millionrounds.com/company/dream-photonics) Dream Photonics is a technology spin-off from UBC combining decades of academic and industry experience. *Founded* - Vancouver, Canada **$804K** last round May 2026
- 42 [**Élisa Interactive**](https://millionrounds.com/company/elisa-interactive) *Founded* - Canada **$637K** last round Aug 2026
- 43 [**COM DEV** COM DEV designs and manufactures space-qualified passive microwave equipment, specialized electronics, and optical subsystems.](https://millionrounds.com/company/com-dev) COM DEV designs and manufactures space-qualified passive microwave equipment, specialized electronics, and optical subsystems. *Founded* 1974 Canada **$616K** last round Jun 2012
- 44 [**OmniPly Technology** Omniply makes it possible to create any thin film electronic device (such as sensors, displays, memory) on flexible substrates.](https://millionrounds.com/company/omniply-technology) Omniply makes it possible to create any thin film electronic device (such as sensors, displays, memory) on flexible substrates. *Founded* 2018 Montréal, Canada **$571K** last round Jun 2025
- 45 [**Phybridge** Phybridge offers a complete IP network for voice and data that allows users to centrally converge with the LANs.](https://millionrounds.com/company/phybridge) Phybridge offers a complete IP network for voice and data that allows users to centrally converge with the LANs. *Founded* 2006 Oakville, Canada **$500K** last round Mar 2009
- 46 [**Minuum** Minuum is a mobile application that provides users with a smaller keyboard, taking up less of the screen.](https://millionrounds.com/company/minuum) Minuum is a mobile application that provides users with a smaller keyboard, taking up less of the screen. *Founded* 2012 Canada **$500K** last round Feb 2014
- 47 [**Forge Automation** Forge Automation is a software that used in software enabled factories to manufacture CNC parts.](https://millionrounds.com/company/forge-automation) Forge Automation is a software that used in software enabled factories to manufacture CNC parts. *Founded* - Toronto, Canada **$500K** last round Mar 2025
- 48 [**DreamQii** We believe technology should be a bridge to new levels of productivity and creativity.](https://millionrounds.com/company/dreamqii) We believe technology should be a bridge to new levels of productivity and creativity. *Founded* 2012 Canada **$460K** last round Nov 2014
- 49 [**Hybrid Power Solutions** Hybrid Power Solutions is a designer and manufacturer of completely fuel-free generators.](https://millionrounds.com/company/hybrid-power-solutions) Hybrid Power Solutions is a designer and manufacturer of completely fuel-free generators. *Founded* - Mississauga, Canada **$396K** last round Jun 2024
- 50 [**Clear Metals** Clear Metals develops and commercialises metal oxide technology.](https://millionrounds.com/company/clear-metals) Clear Metals develops and commercialises metal oxide technology. *Founded* 2012 North Vancouver, Canada **$213K** last round Jan 2014

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as this sector, 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 hardware 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 hardware lists

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

[*AI* *G* *T* **Hardware startups worldwide** 1,733 companies · $66B](https://millionrounds.com/top-lists/hardware-startups)[*AI* *G* *T* **Hardware startups in the United States** 815 companies · $50B](https://millionrounds.com/top-lists/hardware-startups-united-states)[*O* *C* *F* **Hardware startups in Europe** 447 companies · $14B](https://millionrounds.com/top-lists/hardware-startups-europe)[*F* *G* *O* **Hardware startups in the United Kingdom** 140 companies · $5.7B](https://millionrounds.com/top-lists/hardware-startups-united-kingdom)[*BM* *A* *Q* **Hardware startups in France** 79 companies · $1.9B](https://millionrounds.com/top-lists/hardware-startups-france)[*H* *Q* *PL* **Hardware startups in Germany** 47 companies · $1.6B](https://millionrounds.com/top-lists/hardware-startups-germany)[*NI* *Q* *BE* **Hardware startups in the Netherlands** 24 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-netherlands)[*C* *F* *T* **Hardware startups in Sweden** 18 companies · $1.4B](https://millionrounds.com/top-lists/hardware-startups-sweden)

## 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)[*C* *H8* *C* **AI startups in Canada** 285 companies · $20B](https://millionrounds.com/top-lists/ai-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)