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Radar · Business Services in Waterloo

Best Business Services Companies in Waterloo, Canada

The 58 best Business Services companies in Waterloo, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: eSentire.

58companies tracked
$420.4Mdisclosed funding
1unicorns
8have raised

Ranked: Best Business Services companies in Waterloo

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1eSentire 🦄
Provider of managed IT security services
$412M52 mo agoAcquiredEldon Sprickerhoff
Founder and Advisor
2001Craft CMSSentryApple iCloud Mail+361 launch
2EasyLink
Cloud-based electronic messaging and business integration services
$6M240 mo agoAcquired—1991——
3Polyaglorithm Machine Learning
Online platform for equipment monitoring and analytics
$2M5 mo agoSeedJoseph Lafleur
CEO
2018——
4BicDroid
Provides managed data security services
$720K123 mo agoSeedEn Yang
Founder
2013——
5Xenium IT Corp
Provider of IT service suite solutions
$30K97 mo agoSeedFrank Kuschmierz
CEO
2003——
6iGotPro
Corporate events organiser
$30K117 mo agoSeedAsh Nandrajog
Co-Founder
2012——
7ENVionX
Provider of print, marketing, and website development services
$30K132 mo agoDeadpooledMartin Draeger
Founder
2013——
8911 INCIDENT
Provider of firefighters empower system services
—45 mo agoSeedAhmed Chaarani
Co-Founder
2021——

Top 8 Business Services companies in Waterloo

#1
Seed · Waterloo, Ontario · founded 2018
$1.5Mraised
▾

Online platform for equipment monitoring and analytics. It offers a platform that uses artificial intelligence and machine learning interfaces to analyze streams of production data being generated by manufacturing equipment. It generates manufacturing data from machines in real time with cost management, predictive maintenance, fault detection, etc. It also offers predictive maintenance solutions to detect and mitigate mechanical downtime.

Funding rounds
  • Jan 2026Seed$1.5M
Founders & team
Joseph LafleurCEO
Investors
Martinrea
#2
Acquired · Waterloo, Ontario · founded 2001 · 700 employees
$412.1Mraised
▾

ESentire is a Managed security service provider. It provides a non-disruptive approach to zero trust segmentation, policy-based enforcement & automation solution. It provides cloud-based threat protection solutions and managed cybersecurity services. Its product employs behavior-based analytics, mitigation & intelligence. It includes manual monitoring of customer's networks to detect and block cyberattacks in real-time. The features include real-time deep-packet inspection, human-assisted machine learning, behavior-based anomaly detection, signature-based intrusion detection and prevention, and analyst communications.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 75k LinkedIn followers — 51.4% of this cohort's audience
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Feb 2022Series E$325M
  • Mar 2019Series D$47M
  • Feb 2016Series D$19.5M
  • Sep 2014Series C$12.6M
Founders & team
Eldon SprickerhoffFounder and AdvisorKerry BaileyChief Executive Officer
Investors
Edison Partners, Cisco Investments, Northleaf, Information Venture Partners, Georgian, Warburg Pincus
Tech stack
6SenseAdobe Audience ManagerAmazon Web ServicesAosApple Icloud MailBootstrap
#3
Acquired · Waterloo, Ontario · founded 1991 · 541 employees
$6Mraised
▾

EasyLink Services provides communication applications that enable enterprises to communicate with their customers, trading partners, and other third parties. Its applications include electronic fax, electronic data interchange, multimodal notification, and other communication services for movement of money, materials, products, people, information, and documents, such as insurance claims, trade and travel confirmations, purchase orders, invoices, shipping notices, and fund transfers. Also offers email, document capture and management, workflow and notifies, and telex services.

Funding rounds
  • 2006PE$6M
Tech stack
SectigoHstsAkamai
#4
Seed · Waterloo, Ontario · founded 2013 · 31 employees
$720Kraised
▾

Developer of a data and security platform designed to provide security from data and cyber activity. The company's platform offers innovative security services that use patented, secure encryption technology, and behavior intelligence to deliver a truly secure system that makes data immune to all types of increasingly complex malicious attacks, it establishes a cryptographically secure chain from the end user, enabling data to protect itself in real-time within a dynamical threat environment.

Funding rounds
  • Mar 2016Seed$720K
Founders & team
En YangFounder
#5
Seed · Waterloo, Ontario · founded 2003 · 8 employees
$30Kraised
▾

Provider of IT service suite solutions

Funding rounds
  • Jun 2018Seed$30K
Founders & team
Frank KuschmierzCEO
Investors
Accelerator Centre
Tech stack
WordpressMysqlPhpSiteorigin Page BuilderContact Form 7Yoast Seo
#6
Seed · Waterloo, Ontario · founded 2012
$30Kraised
▾

Corporate events organiser

Funding rounds
  • Sep 2016Seed$30K
Founders & team
Ash NandrajogCo-Founder
Investors
Accelerator Centre
#7
Deadpooled · Waterloo, Ontario · founded 2013
$30Kraised
▾

Provider of print, marketing, and website development services

Funding rounds
  • Jun 2015Seed$30K
Founders & team
Martin DraegerFounder
Investors
Accelerator Centre
#8
Seed · Waterloo, Ontario · founded 2021
—raised
▾

Provider of firefighters empower system services

Funding rounds
  • Sep 2022Seed—
Founders & team
Ahmed ChaaraniCo-Founder
Investors
Accelerator Centre

Funding & investor landscape

$420.4Mtotal disclosed funding
7companies funded
13disclosed rounds
0rounds last 90 days
Most active investors
Accelerator Centre5 rounds
CDPQ1 rounds
Cisco Investments1 rounds
Edison Partners1 rounds
Georgian1 rounds
Hardy Capital1 rounds
Information Venture Partners1 rounds
Martinrea1 rounds
Newlook Capital1 rounds
Northleaf1 rounds

Notable founders

Joseph Lafleur
CEO · Polyaglorithm Machine Learning
Eldon Sprickerhoff
Founder and Advisor · eSentire
Kerry Bailey
Chief Executive Officer · eSentire
En Yang
Founder · BicDroid
Frank Kuschmierz
CEO · Xenium IT Corp
Ash Nandrajog
Co-Founder · iGotPro
Martin Draeger
Founder · ENVionX
Ahmed Chaarani
Co-Founder · 911 INCIDENT
Prism market signals · Canada · country-scoped Prism corpus, 8,814,530 docs

Market landscape — 10 sub-themes by coverage

Share of Business Services coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many Business Services companies are there in Waterloo, Canada?
Radar tracks 58 indexable Business Services companies headquartered in Waterloo, Canada that meet our profile-completeness bar.
What is the total funding raised by Business Services companies in Waterloo, Canada?
The Business Services companies in Waterloo, Canada on this list have raised a combined $420.4M in disclosed equity funding across 7 funded companies.
Which is the highest-funded Business Services company in Waterloo, Canada?
eSentire is the highest-funded Business Services company in Waterloo, Canada, with $412.1M in disclosed equity funding.
How many Business Services companies in Waterloo, Canada are funded?
7 of the 58 Business Services companies in Waterloo, Canada on this list have disclosed at least one equity funding round.
How many Business Services unicorns are there in Waterloo, Canada?
1 Business Services company in Waterloo, Canada on this list is valued at $1B or more.
Who are the top investors in Waterloo, Canada Business Services companies?
The most active investors in Waterloo, Canada Business Services companies on this list include Accelerator Centre, CDPQ, Cisco Investments, Edison Partners, Georgian.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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