Best Cybersecurity Companies in Canada
The 454 best Cybersecurity companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: GardaWorld.
Canada's Cybersecurity sector has $8.9 billion in disclosed funding spread across 454 tracked companies, and that figure alone tells you this is serious infrastructure capital, not speculative noise. GardaWorld anchors the list at $5.2B, a number that dwarfs every other filer here by an order of magnitude. Tailscale follows at $115M, then Field Effect at $34M. The global cybersecurity market sits at roughly $72.5B, growing at a 10.99% CAGR, driven by government mandates and deepening enterprise internet dependency. Three unicorns have emerged from this Canadian cohort. That's not nothing.
What I find telling is how concentrated the funding actually is. Strip out GardaWorld and the rest of the field is working with comparatively modest capital, which means execution discipline matters more here than war chests. As shown in 2020 research, threat detection infrastructure increasingly shapes where institutional dollars flow. BDC and Export Development Canada are the repeat investors, suggesting government-adjacent backing is the dominant funding path. So if you're scanning this directory for momentum, watch the mid-tier filers. That's where the next $100M round likely originates.
- Cybersecurity market grows 16% despite deteriorating economic conditio
Our analysis of 174 Cybersecurity companies
$16.2b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Cybersecurity companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Tech stack | Web popularity | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GardaWorld Provider of security personnel, risk management, and security service solutions 57Tech top 18%Funding top 24%Product top 36%Growth top 45% All 9 signals ▾Techtop 18% Fundingtop 24% Producttop 36% Growthtop 45% Marketbottom 49% Globalbottom 48% Fin. healthbottom 39% Moatbottom 38% Newsbottom 31% Tech: 104 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront Funding: Raised $5.2B across 9 rounds · 9 rounds over 8 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $5.2B | 22 mo ago | 132,000 | 1995 | Apple iCloud MailAlgoliaNode.js+29 | Top 500k | — | — | — |
| 2 | 1Password 🦄 Cloud based platform for remote access software 83Tech top 21%Market top 22%Moat top 26%Funding top 27% All 11 signals ▾Techtop 21% Markettop 22% Moattop 26% Fundingtop 27% Customerstop 31% Innovationtop 32% Producttop 34% Newstop 42% Talenttop 43% Growthtop 44% Globaltop 48% Tech: 63 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Market: 1,413 employees (top 2% of Enterprise Infrastructure) · Top-100,000 web property rank vs industry peers · Fliar Intelligence Index 83/100 | $920M | 54 mo ago | 1,413 | 2006 | WebflowCart FunctionalityPassage+25 | Top 100k | 5 signals ▼38% New product · Leadership · IPO | — | 1 launch |
| 3 | Trulioo 🦄 Provider of online identity verification services for KYC, KYB, and AML 74AI top 20%Funding top 27%Product top 28%Market top 31% All 12 signals ▾AItop 20% Fundingtop 27% Producttop 28% Markettop 31% Moattop 32% Innovationtop 37% Techtop 37% Patentstop 41% Partnerstop 41% Globaltop 42% Newsbottom 46% Growthbottom 32% AI: Classified as an AI company Funding: Raised $477M across 6 rounds · 6 rounds over 14 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 74/100 | $477M | 60 mo ago | 412 | 2011 | WordPressMySQLPHP+18 | Top 5M | 4 signals ▼67% New product · Leadership | 5 patents Privacy‑preserving data anonymization for fraud risk assessment in identity verification systems. | 1 launch · 1 expansion |
| 4 | Verafin Provider of financial crime management solutions for fraud detection and compliance 53Growth top 26%Funding top 32%Talent top 34%Product top 37% All 11 signals ▾Growthtop 26% Fundingtop 32% Talenttop 34% Producttop 37% Moattop 41% Techtop 44% Innovationbottom 43% Marketbottom 38% Globalbottom 37% Newsbottom 32% Patentsbottom 29% Growth: Headcount 16 → 32 (+100%) across vintages Funding: Raised $449M across 3 rounds · 3 rounds over 17 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | $449M | 80 mo ago | 32 | 2003 | WordPressApple iCloud MailMySQL+33 | Top 5M | — | 3 patents Anti-fraud analytics for financial transaction monitoring and compliance | 1 partnership |
| 5 | Blackberry Developer of secure communication software and embedded operating systems 87Tech top 14%Market top 21%Talent top 21%Patents top 24% All 14 signals ▾Techtop 14% Markettop 21% Talenttop 21% Patentstop 24% Globaltop 27% Fin. healthtop 28% Fundingtop 30% Producttop 32% Newstop 33% Innovationtop 35% Moattop 35% Customerstop 40% AItop 45% Growthbottom 33% Tech: 92 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront Market: 986 employees (top 4% of Enterprise Infrastructure) · Revenue ~$535M rank vs industry peers · Fliar Intelligence Index 87/100 | $365M | 67 mo ago | 986 986 → 2,001 (+103%) | 1984 | Adobe Experience ManagerApple iCloud MailJava+29 | Top 500k | 38 signals ▼27% Earnings · Leadership · Buyback | 18,224 patents Secure mobile networking, carrier aggregation, sensor data handling, and cybersecurity solutions | 1 launch · 1 award |
| 6 | Conexiom AI-powered order and invoice automation for manufacturers and distributors 72AI top 30%Funding top 33%Tech top 38%News top 39% All 9 signals ▾AItop 30% Fundingtop 33% Techtop 38% Newstop 39% Markettop 41% Producttop 41% Growthtop 45% Talenttop 46% Globalbottom 45% AI: Classified as an AI company · Product described with: ai-powered Funding: Raised $170M across 2 rounds · 2 rounds over 8 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $170M | 56 mo ago | 246 | 2005 | Cart FunctionalityHubSpot CMS HubApple iCloud Mail+35 | Top 10M | — | — | — |
| 7 | Tailscale 🦄 VPN solutions based on wireguard protocol 84Tech top 23%Funding top 25%Moat top 25%Customers top 27% All 12 signals ▾Techtop 23% Fundingtop 25% Moattop 25% Customerstop 27% Talenttop 28% Innovationtop 29% Markettop 31% Patentstop 33% Growthtop 37% Producttop 40% Globalbottom 43% Newsbottom 18% Tech: 50 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services Funding: Raised $115M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 84/100 | $115M | 14 mo ago | 116 | 2019 | SanityNode.jsSalesforce+25 | Top 50k | — | 27 patents Secure zero‑trust mesh networking with distributed key management and overlapping IPv6 subnet handling. | 5 job openings |
| 8 | Vidyard Provider of video tools for sales and marketing virtual teams 67Tech top 24%Funding top 29%Moat top 31%Talent top 38% All 10 signals ▾Techtop 24% Fundingtop 29% Moattop 31% Talenttop 38% Markettop 41% Growthtop 45% Producttop 46% Customersbottom 46% Globalbottom 36% Newsbottom 27% Tech: 66 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services Funding: Raised $90.7M across 6 rounds · 6 rounds over 15 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $91M | 26 mo ago | 284 | 2011 | WordPressApple iCloud MailGoogle Workspace+42 | Top 1M | — | — | 2 awards |
| 9 | Rewind Cloud based enterprise data backup management software 67Tech top 21%Funding top 31%Moat top 31%Growth top 45% All 8 signals ▾Techtop 21% Fundingtop 31% Moattop 31% Growthtop 45% AItop 45% Markettop 49% Talentbottom 49% Globalbottom 39% Tech: 66 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services Funding: Raised $89.9M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $90M | 43 mo ago | 105 | 2015 | WordPress Block EditorElementorWordPress+47 | Top 5M | — | — | — |
| 10 | SecureKey Cloud-based identity verification solutions | $71M | 78 mo ago | 116 | 2008 | — | — | — | 62 patents Secure authentication and credential management for devices and networks | — |
| 11 | Sangoma Enterprise collaboration platform for unified communication solutions | $60M | 70 mo ago | 42 | 1984 | WordPress Site EditorWordPressMySQL+29 | Top 1M | 11 signals ▲57% Earnings | 4 patents Patents concentrated in electrical & electronics | 2 launchs |
| 12 | Corsa Security Platform offering network virtualization 37Funding top 28%Moat top 31%Talent top 34%Growth top 35% All 10 signals ▾Fundingtop 28% Moattop 31% Talenttop 34% Growthtop 35% Producttop 41% Techbottom 46% Patentsbottom 37% Globalbottom 33% Marketbottom 30% Innovationbottom 30% Funding: Raised $50.0M across 13 rounds · 13 rounds over 13 yrs (1.0/yr) Moat: Editorial + unicorn rating 8/10 · IP moat: 2 patents rank vs industry peers · Fliar Intelligence Index 37/100 | $50M | 13 mo ago | 27 | 2013 | WordPressMySQLSalesforce+28 | Top 50M | — | 2 patents Patents concentrated in electrical & electronics | — |
| 13 | Galvanize Vulnerability and threat management platform | $50M | 101 mo ago | 299 | 1987 | WordPressMySQLPHP+37 | Top 50M | — | — | — |
| 14 | Hyas Unified threat detection and management | $48M | 63 mo ago | 50 | 2015 | HubSpot CMS HubApple iCloud MailGoogle Workspace+17 | Top 10M | — | — | — |
| 15 | Ethoca Fraud protection solutions for omnichannel retailers | $45M | 131 mo ago | 162 | 2005 | DrupalMariaDBPHP+19 | Top 10M | — | 5 patents Payment fraud detection and transaction rescue solutions for electronic commerce | — |
| 16 | Owl Technologies KYC solutions for banks and insurance companies | $40M | 55 mo ago | 89 | 2018 | Apple iCloud MailGoogle WorkspaceNode.js+25 | Top 10M | — | — | 2 awards |
| 17 | BTQ Provider of a platform offering post-quantum blockchain scaling solution 48Funding top 31%Growth top 32%Talent top 38%Moat top 48% All 7 signals ▾Fundingtop 31% Growthtop 32% Talenttop 38% Moattop 48% Techbottom 48% Marketbottom 35% Globalbottom 25% Funding: Raised $36.3M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) Growth: Web rank 50,000,000 → 10,000,000 YoY · 1 acquisition/expansion move in 24 mo rank vs industry peers · Fliar Intelligence Index 48/100 | $36M | 11 mo ago | 27 | 1998 | Node.jsTailwind CSSReact+9 | Top 10M | — | — | 1 launch |
| 18 | Nakina Systems Network security and orchestration solutions | $36M | 179 mo ago | 87 | 2002 | — | — | — | — | — |
| 19 | CounterPath Cloud-based unified communication management software provider | $35M | 72 mo ago | 90 | 2002 | WordPressMySQLPHP+35 | Top 5M | — | 12 patents Adaptive client configuration and network selection for unified communications over cellular networks | — |
| 20 | Field Effect Provider of network security solutions 64Innovation top 23%Funding top 27%Patents top 28%Moat top 32% All 11 signals ▾Innovationtop 23% Fundingtop 27% Patentstop 28% Moattop 32% Producttop 36% Growthtop 45% Techtop 45% Markettop 46% Talentbottom 49% Globalbottom 37% Newsbottom 24% Innovation: 35 patents (top 23% of patent-holders) · 30 filings since 2022 vs 5 in 2017-21 Funding: Raised $34.5M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 64/100 | $34M | 9 mo ago | 163 | 2016 | HubSpot CMS HubVimeoGSAP+32 | Top 5M | — | 35 patents Cybersecurity monitoring, endpoint detection, and network traffic filtering solutions | 1 launch |
| 21 | Fixmo Integrity assurance software | $31M | 160 mo ago | 68 | 2009 | — | — | — | 12 patents Mobile device security and multi‑profile containerized app management solutions | — |
| 22 | Nymi Developer of wearable multi-factor authentication solution for passwordless access and security | $30M | 96 mo ago | 43 | 2011 | Wix eCommerceWixSentry+22 | Top 50M | — | 52 patents Wearable biometric authentication and motion‑based user activity monitoring for secure access | 1 partnership |
| 23 | Qohash Cloud based provider of data security software 50Innovation top 32%Patents top 33%Moat top 37%Funding top 39% All 10 signals ▾Innovationtop 32% Patentstop 33% Moattop 37% Fundingtop 39% Growthtop 45% Talentbottom 49% Techbottom 47% Marketbottom 43% Globalbottom 37% Newsbottom 22% Innovation: 18 patents (top 40% of patent-holders) · 16 filings since 2022 vs 2 in 2017-21 Patents: 18 patents matched (strict assignee match) · 16 filings since 2022 vs 2 in 2017-21 rank vs industry peers · Fliar Intelligence Index 50/100 | $24M | 25 mo ago | 53 | 2018 | WordPress Block EditorWordPressApple iCloud Mail+24 | Top 10M | — | 18 patents Secure data collection, display, and governance using encryption and integrity verification | — |
| 24 | Augmentt Cloud based platform offering application security solutions 24News top 27%Funding top 45%Tech top 45%Product top 49% All 6 signals ▾Newstop 27% Fundingtop 45% Techtop 45% Producttop 49% Globalbottom 36% Marketbottom 35% News: 3 BI events in 12 mo (of 16 tracked, 8 types) · Top themes: Funding, Capital raise Funding: Raised $15.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 24/100 | $15M | 7 mo ago | 34 | 2020 | WordPressApple iCloud MailMicrosoft 365+31 | Top 10M | 3 signals Funding · Capital raise | — | 1 launch · 1 award |
| 25 | Boost Security Platform offering devops security software 45Growth top 35%Funding top 37%Talent top 38%Moat top 39% All 7 signals ▾Growthtop 35% Fundingtop 37% Talenttop 38% Moattop 39% Techtop 46% Globalbottom 36% Marketbottom 32% Growth: Fresh capital in last 24 mo Funding: Raised $12.0M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $12M | 1 mo ago | 28 | 2020 | HubSpot CMS HubAmazon Web Servicescore-js+14 | Top 50M | — | — | — |
| 26 | CyberQP Privileged access management solution 32Talent top 38%Funding top 40%Product top 47%Tech bottom 49% All 8 signals ▾Talenttop 38% Fundingtop 40% Producttop 47% Techbottom 49% Marketbottom 41% Globalbottom 36% Newsbottom 29% Customersbottom 10% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $12.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 32/100 | $12M | 12 mo ago | 49 | 2018 | WordPress Block EditorDiviWordPress+32 | Top 10M | — | — | — |
| 27 | Troj Company Provider of a platform securing artificial intelligence models and applications 27AI top 30%Funding top 43%Moat top 48%Tech bottom 42% All 9 signals ▾AItop 30% Fundingtop 43% Moattop 48% Techbottom 42% Productbottom 39% Globalbottom 37% Growthbottom 35% Marketbottom 32% Newsbottom 27% AI: Classified as an AI company · Product described with: artificial intelligence Funding: Raised $11.4M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $11M | 26 mo ago | 20 | 2019 | WebflowLinkedin Insight TagGoogle Analytics+11 | Top 5M | — | — | 1 partnership |
| 28 | Feroot Provider of cloud based web application security solutions | $11M | 51 mo ago | 24 | 2017 | WordPressApple iCloud MailGoogle Workspace+32 | Top 1M | — | — | — |
| 29 | Echosec Location based media monitoring and threat intelligence platform | $11M | 51 mo ago | 29 | 2013 | — | — | — | — | — |
| 30 | Protexxa Offering cyber risk and vulnerability assessment solutions 37Growth top 35%Moat top 38%Funding top 40%AI top 45% All 11 signals ▾Growthtop 35% Moattop 38% Fundingtop 40% AItop 45% Talentbottom 49% Techbottom 47% Marketbottom 38% Patentsbottom 37% Globalbottom 31% Innovationbottom 25% Newsbottom 18% Growth: Fresh capital in last 24 mo Moat: Editorial + unicorn rating 7/10 · IP moat: 2 patents rank vs industry peers · Fliar Intelligence Index 37/100 | $10M | 22 mo ago | 47 | 2021 | WordPressMySQLPHP+27 | Top 50M | — | 2 patents Assessing data confidence and reliability in AI/ML data pipelines | — |
| 31 | ISARA Post-quantum encryption-based data security solution | $10M | 27 mo ago | 32 | 2015 | BootstrapAmazon Web ServicesApache HTTP Server+19 | Top 10M | — | 69 patents Multi-key root certificate authorities and crypto‑agile public‑key infrastructure management | 1 launch · 1 award |
| 32 | D3 Security Cloud based full life cycle incident response and management solution | $10M | 57 mo ago | 145 | 2002 | WordPress Site EditorWordPressMySQL+28 | Top 5M | — | 3 patents Mobile device security auditing tools and secure networked device communication protocols | — |
| 33 | Userful Platform offering digital signage content creation software | $9M | 51 mo ago | 104 | 2003 | WebflowHubSpot CMS HubApple iCloud Mail+26 | Top 5M | — | 18 patents High‑resolution video restoration, streaming synchronization, and latency compensation for codec‑compressed media | — |
| 34 | Quantum Bridge Technologies Provider of quantum computing technology for communication applications 32Funding top 37%Moat top 38%Innovation top 40%Patents top 44% All 8 signals ▾Fundingtop 37% Moattop 38% Innovationtop 40% Patentstop 44% Talentbottom 49% Techbottom 47% Globalbottom 39% Marketbottom 23% Funding: Raised $8.7M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) Moat: Editorial + unicorn rating 4/10 · IP moat: 9 patents rank vs industry peers · Fliar Intelligence Index 32/100 | $9M | 0 mo ago | 15 | 2019 | WordPressMySQLPHP+21 | Top 50M | — | 9 patents Secure quantum key distribution and management for cryptographic networks | — |
| 35 | Flare Provider of threat exposure management platform that detects and remediates risks 62Tech top 24%Talent top 28%Funding top 34%Moat top 39% All 7 signals ▾Techtop 24% Talenttop 28% Fundingtop 34% Moattop 39% Growthtop 43% Marketbottom 48% Globalbottom 36% Tech: 55 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 62/100 | $9M | 7 mo ago | 50 | 2017 | WordPressApple iCloud MailGoogle Workspace+34 | Top 1M | — | — | — |
| 36 | evolutionQ Provider of quantum-safe cybersecurity software solutions 37Patents top 38%Moat top 38%Innovation top 41%Talent top 41% All 8 signals ▾Patentstop 38% Moattop 38% Innovationtop 41% Talenttop 41% Fundingtop 45% Techbottom 47% Globalbottom 40% Marketbottom 33% Patents: 15 patents matched (strict assignee match) · 13 filings since 2022 vs 2 in 2017-21 Moat: Editorial + unicorn rating 4/10 · IP moat: 15 patents rank vs industry peers · Fliar Intelligence Index 37/100 | $6M | 16 mo ago | 33 | 2015 | Webflowlit-htmlcore-js+16 | Top 50M | — | 15 patents Patents concentrated in electrical & electronics | — |
| 37 | Sekur Private Data Provider of cybersecurity, data management, and IT solution services 72Growth top 15%Partners top 18%Product top 18%Innovation top 23% All 9 signals ▾Growthtop 15% Partnerstop 18% Producttop 18% Innovationtop 23% Newstop 25% Fundingtop 35% Marketbottom 48% Talentbottom 42% Globalbottom 25% Growth: Fresh capital in last 24 mo Partners: 5 contract events in 12 mo · Named contractor/client in 5 deals rank vs industry peers · Fliar Intelligence Index 72/100 | $5M | 5 mo ago | — | 2012 | — | — | 23 signals ▲109% New product · Funding · Contracts | — | — |
| 38 | Cavelo Provider of attack surface management platform for data protection and compliance | $5M | 31 mo ago | 17 | 2020 | WebflowMicrosoft ClarityMouse Flow+19 | Top 50M | — | — | 1 launch |
| 39 | Quantropi Provider of quantum cryptography-based secure communication solutions 42Product top 32%Funding top 39%Patents top 39%Partners top 42% All 11 signals ▾Producttop 32% Fundingtop 39% Patentstop 39% Partnerstop 42% Newstop 43% Innovationtop 44% Growthtop 45% Moattop 45% Techtop 49% Marketbottom 38% Globalbottom 36% Product: 3 distinct product lines · Company stage: Acquired Funding: Raised $4.5M across 9 rounds · 9 rounds over 2 yrs (4.5/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $5M | 1 mo ago | 33 | 2018 | WebflowElementorWordPress+30 | Top 10M | — | 34 patents Post‑quantum cryptographic algorithms, digital signatures, and secure randomness generation. | — |
| 40 | 01 Communique Provider of Zero trust remote access software 16Product top 22%Funding top 34%Talent bottom 49%Growth bottom 39% All 10 signals ▾Producttop 22% Fundingtop 34% Talentbottom 49% Growthbottom 39% Fin. healthbottom 36% Globalbottom 32% Techbottom 31% Customersbottom 27% Marketbottom 25% Newsbottom 24% Product: 2 published apps (6.3k installs) · Company stage: Public Funding: Raised $3.4M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 16/100 | $3M | 8 mo ago | 11 | 1992 | Node.jsPHPDebian+6 | Top 50M | — | — | 4 launchs |
| 41 | Cybeats Provider of a cybersecurity platform for IoT devices 60News top 19%Product top 19%Growth top 25%Partners top 32% All 10 signals ▾Newstop 19% Producttop 19% Growthtop 25% Partnerstop 32% Fundingtop 36% Innovationtop 38% Moattop 48% Techbottom 48% Marketbottom 43% Globalbottom 38% News: 5 BI events in 12 mo (of 43 tracked, 8 types) · +150% YoY Product: 3 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 60/100 | $3M | 7 mo ago | 41 | 2016 | WebflowAmazon Web ServicesBambooHR+15 | Top 10M | 5 signals ▲150% Contracts · Leadership · Earnings | — | 1 award |
| 42 | Plurilock AI based solutions for identity protecion and data loss prevention 69Partners top 18%Product top 19%News top 24%Growth top 32% All 11 signals ▾Partnerstop 18% Producttop 19% Newstop 24% Growthtop 32% Techtop 32% AItop 35% Innovationtop 42% Fundingtop 42% Moattop 48% Marketbottom 47% Globalbottom 45% Partners: 5 contract events in 12 mo · Named contractor/client in 5 deals Product: 3 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 69/100 | $3M | 16 mo ago | 41 | 2016 | WordPressApple iCloud MailMicrosoft 365+34 | Top 5M | 16 signals ▲300% Earnings · Contracts · Acquisition | — | — |
| 43 | Fairblock Blockchain infrastructure builder using applied cryptography | $2M | 32 mo ago | 4 | 2022 | Tailwind CSSReactReact Router+6 | Top 50M | — | — | — |
| 44 | PayTic Provider of automated payment operations and compliance solutions for businesses 16Tech bottom 47%Funding bottom 46%Growth bottom 42%Global bottom 39% All 6 signals ▾Techbottom 47% Fundingbottom 46% Growthbottom 42% Globalbottom 39% Marketbottom 26% Newsbottom 18% Tech: 14 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Vercel Funding: Raised $2.3M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 16/100 | $2M | 14 mo ago | 17 | 2020 | Node.jsReactNext.js+11 | Top 10M | — | — | — |
| 45 | inscora Cyber risk and vulnerability assessment solutions provider | $2M | 22 mo ago | — | 2023 | — | — | — | — | 1 launch |
| 46 | Route1 Provider of automatic license plate recognition and actionable business intelligence solutions 35Product top 18%Patents top 38%News top 40%Innovation top 42% All 12 signals ▾Producttop 18% Patentstop 38% Newstop 40% Innovationtop 42% Fundingtop 48% Talentbottom 49% Globalbottom 45% Moatbottom 45% Marketbottom 44% Fin. healthbottom 42% Techbottom 40% Growthbottom 38% Product: 1 product launch event in 12 mo, 1 the year before · Company stage: Public Patents: 18 patents matched (strict assignee match) · Lead CPC: H04L63/0823 (+1 more areas) rank vs industry peers · Fliar Intelligence Index 35/100 | $1M | 7 mo ago | 51 | 2004 | WordPressShowitApple iCloud Mail+15 | Top 50M | 14 signals ▼18% Announcements · Regulatory · Earnings | 18 patents Cryptographic key generation, storage, distribution, and derived credential management systems | 1 launch · 2 partnerships |
| 47 | INETCO Developer of software for payment fraud prevention and cybersecurity solutions 62Product top 18%AI top 20%Innovation top 23%Talent top 31% All 9 signals ▾Producttop 18% AItop 20% Innovationtop 23% Talenttop 31% Newstop 45% Fundingtop 48% Techtop 50% Marketbottom 34% Globalbottom 29% Product: 4 distinct product lines AI: Classified as an AI company rank vs industry peers · Fliar Intelligence Index 62/100 | $400K | 16 mo ago | 37 | 1984 | WordPressMySQLPHP+23 | Top 50M | — | — | 2 awards |
| 48 | OARO Solutions for secure authentication of digital information 37Growth top 45%Tech top 46%Funding top 49%Talent bottom 49% All 7 signals ▾Growthtop 45% Techtop 46% Fundingtop 49% Talentbottom 49% Productbottom 40% Marketbottom 38% Globalbottom 36% Growth: Web rank 5,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo Tech: 35 technologies across 3/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 37/100 | $359K | 13 mo ago | 35 | 2017 | UbuntuBootstrapStripe+15 | Top 5M | — | — | — |
Top 12 Cybersecurity companies in Canada
#1
Acquired · Montreal, Montreal · founded 1995 · 132000 employees$5.2Braised▾
Provider of security personnel, risk management, and security service solutions. They deliver uniformed security, mobile patrol, and risk assessment services. The organization offers security solutions for diverse sectors, including commercial, industrial, and governmental. Services encompass event security, crisis management, and protective services.
- Jul 2024Conventional Debt$550M
- Feb 2022Conventional Debt$700M
- Jun 2021Conventional Debt$500M
- Jun 2020Conventional Debt$120M
#2
Seed · Montreal, Montreal · founded 2020 · 28 employees$12Mraised▾
Platform offering DevOps security software. The platform offers solutions from DevOps automation to security. It provides visibility into the security vulnerabilities in code, CI or CD pipelines, cloud, etc. It enables users to detect and remediate the security vulnerabilities.
- May 2026Seed$4M
- Nov 2022Seed$12M
#3
Series A · Toronto, Ontario · founded 2019 · 15 employees$8.7Mraised▾
Provider of quantum computing technology for communication applications. It designs and develops quantum key infrastructure systems that integrate with existing symmetric encryption modules. Its product portfolio includes a QKI gateway for protecting local area networks, a small-sized QKI gateway to protect small offices, and operators for key distribution systems. It has applications in the government, defence, critical infrastructure, telecommunication, and cybersecurity sectors.
- May 2026Series A$8M
- Aug 2024Seed—
- May 2023Grant (prize money)$665.2K
#4
Acquired · Ottawa, Ontario · founded 2018 · 33 employees$4.5Mraised▾
Provider of quantum cryptography-based secure communication solutions. It offers quantum cryptography-based encryption solutions for protecting data and securing communications. The features include file encryption, drag, and drop encryption and decryption, file access controls, etc.
- Apr 2026Seed$1.2M
- Dec 2025Seed$50K
- May 2025Seed$750K
- Oct 2024Seed$458.8K
#5
Series C · Toronto, Ontario · founded 2019 · 116 employees$115Mraised▾
VPN solutions based on wireguard protocol. The product uses multi-factor identification and single-sign-on technology for secure authentication. The features of the product include automatic key rotations, point-to-point connections, encryption, audit-compliant logging, etc. The product is available for Linux, iOS, Windows, Raspberry Pi and ARM.
- Apr 2025Series C$160M
- May 2022Series B$100M
- Nov 2020Series A$12M
- Apr 2020Seed$3M
#6
Series B · Ottawa, Ontario · founded 2016 · 163 employees$34.5Mraised▾
Provides network security solutions. The products offered by the company are Covalence, Cyber Range, and Noble. Covalence is a network monitoring and analytics platform which provides a solution to measure, manage, and reduce the attack in the network. It is a simulation platform that provides a solution to perform tests, evaluate designs and assess procedures like disaster recovery or security incident response in a safe, repeatable environment.
- Aug 2025Series B$3M
- Aug 2023Conventional Debt$30M
- Oct 2022Series B$34.5M
#7
Public · Toronto, Ontario · founded 2012$5.5Mraised▾
Provider of cybersecurity, data management, and IT solution services
- Jan 2026Post IPO$1.1M
- Jun 2025Post IPO$1.1M
- May 2025Post IPO$50.2K
- Apr 2025Post IPO$76.1K
#8
Series C · Ottawa, Ontario · founded 2013 · 27 employees$50Mraised▾
Platform offering network virtualization. It enables users to deploy and optimize virtual network firewalls. It provides visibility into the virtual firewall and manages the health and performance of the infrastructure. It also provides a turnkey network security virtualization platform with dashboards and firewalls, auto-scaling, and more.
- May 2025Series C$72.4K
- May 2025Series C$138.2K
- Apr 2025Series C$139.3K
- Mar 2025Series C$277.9K
#9
Series B · Ottawa, Ontario · founded 2020 · 34 employees$15Mraised▾
Cloud based platform offering application security solutions. It provides a SaaS security platform for MSPs to discover, manage and secure their clients SaaS applications. It also helps MSPs uncover shadow IT, manage their customers Microsoft 365 and Google Workspace cloud apps, and enforce security policies to prevent security breaches.
- Nov 2025Series B$15M
#10
Series B · Montreal, Quebec · founded 2017 · 50 employees$8.6Mraised▾
Provider of threat exposure management platform that detects and remediates risks. The platform offers identity exposure management, enterprise account takeover prevention, and dark web fraud monitoring. It also provides executive protection, brand monitoring, and technical exposure monitoring. The platform integrates with security systems to streamline workflows. It helps security teams reduce response time and lower costs.
- Nov 2025Series B$15M
- Nov 2025Conventional Debt$15M
- Dec 2024Series B$30M
- Jun 2022Series A$7.6M
#11
Public · Vancouver, British Columbia · founded 1998 · 27 employees$36.3Mraised▾
Provider of a platform offering post-quantum blockchain scaling solution. It is combining software and hardware to safeguard assets with post-quantum services and solutions.
- Jul 2025Post IPO$29.3M
- Dec 2024Post IPO$7M
#12
Public · Toronto, Ontario · founded 2016 · 41 employees$3Mraised▾
Provider of a cybersecurity platform for IoT devices. It provides solutions to identify security vulnerabilities in the development process of a device and protects it against abnormal device behaviour and allows immediate response without downtime. It also provides SOC integration and tools to manage the ongoing security of deployed devices, including secure firmware updates.
- Nov 2025Post IPO$1M
- Nov 2024Post IPO$135.6K
- Apr 2024Post IPO$1.8M
- Apr 2023Post IPO$4.6M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Cybersecurity coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Cybersecurity is moving in Canada
A read on the academic research around Cybersecurity — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 438 Canada-affiliated papers.
- University of Waterloo37
- Carleton University35
- Concordia University28
- Toronto Metropolitan University24
- University of New Brunswick22
- Intrusion detection system15→49
- Anomaly detection3→17
- Denial-of-service attack5→15
- Robustness (evolution)2→12
- Artificial neural network1→10
- Denial-of-service attack7→15
- Cloud computing1→8
- Artificial neural network1→6
- Network packet3→8
- Spoofing attack1→4
- Key (lock)1→4
Where cybersecurity is researched across Canada
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing cybersecurity patents in Canada
Canada cybersecurity patent filing is cooling — 9,109 filings from 5,252 assignees (2016–2025), led by Research IN Motion, Blackberry, Certicom; annual filings 816→795.
- Research IN Motion2697
- Blackberry2247
- Certicom1207
- Toronto Dominion BANK721
- Royal BANK Of Canada295
- Nortel Networks282
- Absolute Software270
- Schlumberger CA251