Best Cybersecurity Companies in Toronto, Canada
The 124 best Cybersecurity companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: 1Password.
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 Toronto
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | 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 | David Teare Co-Founder | — | 1 launch |
| 2 | 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 | Avery Pennarun Co-founder and CEO | 27 patents Secure zero‑trust mesh networking with distributed key management and overlapping IPv6 subnet handling. | 5 job openings |
| 3 | SecureKey Cloud-based identity verification solutions | $71M | 79 mo ago | 116 | 2008 | — | 62 patents Secure authentication and credential management for devices and networks | — |
| 4 | Ethoca Fraud protection solutions for omnichannel retailers | $45M | 131 mo ago | 162 | 2005 | — | 5 patents Payment fraud detection and transaction rescue solutions for electronic commerce | — |
| 5 | Fixmo Integrity assurance software | $31M | 160 mo ago | 68 | 2009 | — | 12 patents Mobile device security and multi‑profile containerized app management solutions | — |
| 6 | Nymi Developer of wearable multi-factor authentication solution for passwordless access and security | $30M | 96 mo ago | 43 | 2011 | — | 52 patents Wearable biometric authentication and motion‑based user activity monitoring for secure access | 1 partnership |
| 7 | BlueCat Cloud-based DNS and DHCP appliance and security solutions provider | $28M | 179 mo ago | 467 | 2001 | — | — | 2 launchs |
| 8 | Skrumble Cloud communications for businesses | $16M | 97 mo ago | 9 | 2013 | — | — | — |
| 9 | Feroot Provider of cloud based web application security solutions | $11M | 51 mo ago | 24 | 2017 | Vitaliy Lim Founder & CTO | — | — |
| 10 | 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 | Claudette McGowan Chief Executive Officer | 2 patents Assessing data confidence and reliability in AI/ML data pipelines | — |
| 11 | 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 | 1 mo ago | 15 | 2019 | Mattia Montagna Co-Founder & CEO | 9 patents Secure quantum key distribution and management for cryptographic networks | — |
| 12 | Invixium Biometric systems for access management | $8M | 72 mo ago | 43 43 → 107 (+149%) | 2012 | Shiraz Kapadia Founder & CEO | — | 1 launch · 1 partnership |
| 13 | LoginID Secure authentication solution using biometrics | $6M | 60 mo ago | 44 | 2018 | Simon Law CEO | — | — |
| 14 | IntelliGO Networks Security analytics & log management for threat detection and response | $6M | 103 mo ago | — | 2005 | Khaled Mansour President & CEO | — | — |
| 15 | 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 | Alain Ghiai Founder & CEO | — | — |
| 16 | Qui Offering federated identity management solutions | $5M | 46 mo ago | — | 2022 | Peter Carrescia Co-Founder | — | — |
| 17 | Venue Video conferencing platform | $4M | 46 mo ago | 11 | 2020 | Pei Li Co-Founder | — | — |
| 18 | BrandProtect Cyber threat intelligence & brand protection | $4M | 226 mo ago | 48 | 2001 | — | — | — |
| 19 | BioConnect Provider of multi-modal authentication platform, hardware, and software access control | $4M | 70 mo ago | 31 | 2009 | — | 21 patents Biometric authentication and secure access‑control communication systems | 1 partnership |
| 20 | Iotum Provider of tools for unified communication | $4M | 101 mo ago | 28 | 2004 | — | 8 patents Real-time telecommunication management and web-based conferencing systems | — |
| 21 | VeriFast Platform offering identity verification and authentication services | $4M | 44 mo ago | 20 | 2019 | Chad Guziewicz Co-Founder | 10 patents Enterprise identity management and data integrity verification platforms | — |
| 22 | Private AI Developer of PII identification, de-identification, and data anonymization software | $3M | 43 mo ago | 31 | 2019 | Patricia Thaine Co-Founder and CEO | — | — |
| 23 | 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 | — | — | 1 award |
| 24 | SoLVBL Data authentication solutions provider | $3M | 60 mo ago | — | 2020 | Paul Carroll CEO & President | — | — |
| 25 | PitchPoint Solutions Credit risk solutions for lenders | $3M | 63 mo ago | 20 | 2003 | Stephen Schrump CEO & President | — | — |
| 26 | Blockthrough Helps online publishers monetize their adblock users. | $3M | 92 mo ago | 62 | 2016 | — | 2 patents Online content transformation and obfuscation for supplemental/ad insertion | — |
| 27 | Fairblock Blockchain infrastructure builder using applied cryptography | $2M | 32 mo ago | 4 | 2022 | Bowen You Co-Founder | — | — |
| 28 | Rank Software Big data & machine learning based cyber security analytics | $2M | 80 mo ago | 100 | 2013 | — | — | — |
| 29 | 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 | Tony Busseri CEO | President | Board Director | 18 patents Cryptographic key generation, storage, distribution, and derived credential management systems | 2 partnerships |
| 30 | Ally Provider of blockchain based communication platform | $1M | 80 mo ago | — | 2018 | Eric Lifson Co-Founder | 5 patents Telecom license management and redistribution systems for network resource allocation | — |
| 31 | VISR Machine learning and NLP based parental control solutions | $1M | 127 mo ago | 8 | 2014 | — | — | — |
| 32 | Gather Online communication tool for virtual teams | $120K | 70 mo ago | 4 | 2020 | Daniyal Anjum Co-Founder & CMO | — | — |
Top 12 Cybersecurity companies in Toronto
#1
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
#2
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
#3
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
#4
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
#5
Public · Toronto, Ontario · founded 2004 · 51 employees$1.4Mraised▾
Provider of automatic license plate recognition and actionable business intelligence solutions. The company offers a unified analytics platform with lifecycle support for reliable system operations. It translates operational data into actionable insight, supporting real-time decision-making. The company integrates data and analytics, enabling operators to evaluate operations against benchmarks.
- Nov 2025Post IPO$356.1K
- Dec 2020Post IPO$106.2K
- Mar 2018Post IPO$968.4K
#6
Series C · Toronto, Ontario · founded 2006 · 1413 employees$920.1Mraised▾
Cloud based platform for remote access software. It stores passwords and provides document storage. It allows the user to control what information to make visible, delegate management roles, and get comprehensive usage reports. It offers features such as password manager, access management, two factor authentication, passkeys, and more. The app supports Mac, Windows, Android, iOS, and the web. The customers include Today, BBC, CNN, and Mashable.
- Dec 2021Series C$620M
- May 2021Series B$100.1M
- Nov 2019Series A$200M
#7
Series A · Toronto, Ontario · founded 2021 · 47 employees$10.1Mraised▾
Offering cyber risk and vulnerability assessment solutions. It is a B2B SaaS cybersecurity platform that leverages Artificial Intelligence to rapidly identify, evaluate, predict, and resolve cyber issues for employees.
- Jul 2024Series A$7.2M
- Oct 2022Seed$2.9M
#8
Funding Raised · Toronto, Ontario · founded 2017$14.6Kraised▾
Provider of continuous security testing platform and related security services. The company offers penetration testing, application security testing, and cloud and infrastructure security testing. Governance, risk, and compliance services are also available. The company focuses on security and privacy by design. It provides continuous visibility of cybersecurity risks, technical debt reduction, and remediation guidance.
- Feb 2026Grant (prize money)$14.6K
#9
Public · Toronto, Ontario · founded 2016$31.3Kraised▾
Provider of AI based security solutions. It provides users with real time analytics,threat detection,video screening and video recognition. Its features include metal detectors and manual security monitoring, and more.
- Nov 2025Post IPO$7.1M
- Jun 2025Post IPO$256.7K
- Feb 2023Post IPO$6.3M
- May 2022Post IPO$59.9K
#10
Acqui-Hired · Toronto, Ontario · founded 2008 · 116 employees$71.2Mraised▾
Cloud-based identity verification solutions. It is a digital identity and authentication service provider that offers access to online services and applications, to identity network and cryptographic technologies to enable transactions.
- Nov 2019Grant (prize money)$200K
- Oct 2016Series C$20.5M
- Dec 2014Series C$19M
- May 2012Series C$30M
#11
Acquired · Toronto, Ontario · founded 2011 · 43 employees$30.4Mraised▾
Developer of wearable multi-factor authentication solution for passwordless access and security. The company's offering is designed for use in IT and OT environments. It provides authentication for applications, systems, and networks. The wearable device supports compliance with industry regulations for managing access and electronic signatures.
- Jun 2018Series C—
- May 2017Series B$15M
- Sep 2014Series A$14M
- Aug 2013Seed$1.4M
#12
Seed · Toronto, Ontario · founded 2017 · 24 employees$11.2Mraised▾
Provider of cloud based web application security solutions. It offers a privacy rights management platform that helps enterprises and SaaS software vendors comply with data privacy regulations, such as GDPR. The platform automates privacy compliance for data subjects, processors, and controllers while eliminating manual processes and providing real-time views into enterprise privacy-related data across all applications. It can also predict risks and mitigate penalties bypassing data-use restrictions downstream to enterprise systems and third-party applications. Available both on-premise and in the cloud.
- Feb 2022Seed$11M
- Jul 2021Seed$2.5M
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
What Toronto researches in cybersecurity
Toronto Metropolitan University and University of Toronto optimistically advance network security, intrusion detection, and malware detection, with breakthroughs dominating and minimal concern.
- Toronto Metropolitan University24
- University of Toronto7
Common questions
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.