Best Data as a Service Companies in Canada
The 173 best Data as a Service companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Miovision.
Canada's Data as a Service sector has 173 tracked companies and $561M in disclosed funding, and if you're scanning for where the real momentum sits, that number tells only half the story. The global DaaS market was valued at roughly $10.4B in 2023 and is forecast to reach $85.6B by 2033, a 23.4% CAGR that makes this one of the faster-moving corners of enterprise tech right now. Miovision leads the Canadian pack by a wide margin at $307M raised, with Canalyst at $100M a distant but meaningful second. No unicorns yet, but the funding concentration is striking.
So what's pulling capital in? Cloud adoption is the core driver, alongside growing enterprise appetite for data-driven decision-making and government programs pushing data innovation. I'd note the regulatory picture complicates things: outsourcing data to third-party providers shifts security responsibility in ways that buyers are still figuring out. BDC and Plaza Ventures are the most active backers here, keeping a lot of this growth domestic. The sector's hot themes right now are genuinely eclectic, from ecosystem services to rain gauge data, which tells you DaaS infrastructure is threading into verticals most people wouldn't expect. That breadth is exactly why coverage keeps climbing.
- Telco big data analytics on pace to $7.6b by 2020
Ranked: Best Data as a Service companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Miovision Developer of traffic management software and intelligent transportation hardware systems 80AI top 15%Funding top 24%Tech top 27%Moat top 31% All 11 signals ▾AItop 15% Fundingtop 24% Techtop 27% Moattop 31% Growthtop 32% Markettop 41% Innovationtop 43% Talentbottom 49% Patentsbottom 48% Globalbottom 47% Newsbottom 21% AI: Holds AI/ML patents (G06N-family CPC) Funding: Raised $307M across 7 rounds · 7 rounds over 15 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 80/100 | $307M | 38 mo ago | 384 | Tony B. Co-Founder | WordPressMySQLPHP+44 | — | 15 patents Intelligent transportation analytics and video compression technologies for traffic management | 1 launch |
| 2 | Canalyst Equity research platform | $100M | 53 mo ago | 214 | — | — | — | — | — |
| 3 | Novisto Cloud-based sustainability management software provider | $30M | 1 mo ago | 139 | Charles Assaf Co-Founder & CEO | Craft CMSApple iCloud MailGoogle Workspace+28 | 3 signals ▼40% Capital raise · M&A · Funding | — | — |
| 4 | Lytica Provider of electronic component spend analytics and risk intelligence SaaS platform | $22M | 12 mo ago | 45 | Martin Sendyk President and CEO | — | — | — | — |
| 5 | Local Logic Provider of location intelligence platform for real estate consumer engagement solutions 60Tech top 25%Talent top 28%Funding top 38%Innovation top 39% All 10 signals ▾Techtop 25% Talenttop 28% Fundingtop 38% Innovationtop 39% Moattop 39% Producttop 40% Growthtop 45% Marketbottom 43% Globalbottom 36% Newsbottom 22% Tech: 56 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $20M | 34 mo ago | 60 | Alexandre Page Co-Founder | WordPressSentryZendesk+32 | — | — | 1 launch · 2 partnerships |
| 6 | Fundica Provider of a funding search engine for business support organizations | $20M | 75 mo ago | 20 | Mike Lee Co-Founder & CEO | Kendo UIBootstrapApache HTTP Server+10 | — | — | 2 launchs |
| 7 | Mobidia Mobile App Usage and Intelligence Data | $16M | 139 mo ago | 30 | Fay Arjomandi Co-Founder & CTO | — | — | 31 patents Wireless traffic management: congestion control, proxy routing, packet scheduling, and mobile policy enforcement. | — |
| 8 | UrtheCast Provides satellite imagery services | $9M | 76 mo ago | 10 | — | — | — | 91 patents Advanced synthetic aperture radar imaging and processing for Earth observation and moving targets | — |
| 9 | Global Cannabis Applications Corporation Data source provider for medical cannabis community | $8M | 90 mo ago | — | Bradley Moore CEO | — | — | 2 patents Cannabis cultivation product tracking and traceability systems using RFID/barcode technology | — |
| 10 | Impak Analytics AI-based impact data collection solution for businesses | $5M | 44 mo ago | 106 | Jean Oulhen Co-Founder & Banking Ecosystem Architect | — | — | — | — |
| 11 | Intelligent Mechatronic Systems Provider of telematics solutions for insurance | $4M | 154 mo ago | 140 | — | — | — | — | — |
| 12 | Arcestra Digital marketing platform for the real estate industry | $3M | 157 mo ago | — | Alain Cohen CEO | Node.jsGoogle MapsReact+14 | — | — | — |
| 13 | DecentraWeb Blockchain based decentralized domain name system for Ethereum | $3M | 56 mo ago | — | Michael Calce CEO | Webflowcore-jsjQuery+12 | — | — | — |
| 14 | Locationary Manage & exchange local business data | $2M | 178 mo ago | — | Grant Ritchie Ex- CEO | — | — | 8 patents Patents concentrated in computing, sensing & instrumentation | — |
| 15 | Stratosphere Technology Online research and financial database platform for stock, funds, and ETF investment for individuals | $2M | 32 mo ago | 7 | Adrian Iwanicki Co-Founder | ZohoAstroAlpine.js+12 | — | — | 1 job opening · 2 launchs · 1 partnership |
| 16 | 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 | Tony Busseri CEO | President | Board Director | WordPressShowitApple iCloud Mail+15 | 14 signals ▼18% Announcements · Regulatory · Earnings | 18 patents Cryptographic key generation, storage, distribution, and derived credential management systems | 1 launch · 2 partnerships |
| 17 | LeadSift Social media intelligence platform | $1M | 132 mo ago | 15 | — | — | — | 2 patents Social media-based lead identification and scoring systems for B2B prospecting | — |
| 18 | Ranomics Database of rare genetic variants | $1M | 117 mo ago | 6 | — | WixSentryBootstrap+17 | — | 7 patents High-throughput multisite saturation mutagenesis and splice‑junction variant analysis for gene engineering | — |
| 19 | Vuru Advanced stock analysis platform | $1M | 133 mo ago | 6 | — | — | — | — | — |
| 20 | Thomson Reuters Cloud based legal enterprise management and data services for businesses | $937K | 79 mo ago | 24,400 24,400 → 36,705 (+50%) | Richard Smith Co-Founder | Adobe Experience ManagerApple iCloud MailSalesforce+44 | 34 signals ▼45% Earnings · Leadership · Buyback | 7 patents AI-powered text analytics and sentiment prediction for automated document classification. | 1 partnership |
| 21 | Hockeystick Platform for managing shareholder relations in private companies. | $600K | 122 mo ago | 14 | — | — | — | — | — |
| 22 | Ecquire Prospecting tool for sales reps | $590K | 178 mo ago | — | Paul DeJoe Founder | — | — | — | — |
| 23 | Retsly Application to collect and customize real-estate data | $540K | — | — | Kyle Campbell Founder | — | — | — | — |
| 24 | Killi Cloud-based data consent management software provider | $465K | 63 mo ago | 47 | — | — | — | 4 patents Network data privacy enforcement and control mechanisms | — |
| 25 | Docoh Online research platform for investors | $345K | 71 mo ago | — | Rich Robinson Founder | — | — | — | — |
| 26 | PiinPoint Provider of location datasets and analytics for businesses | $250K | 124 mo ago | 21 | Adam Saunders Co-Founder & CTO | — | — | — | — |
| 27 | StockCalc Stocks research & analysis platform | $200K | — | 3 | — | Chart.jsBootstrapcore-js+19 | — | — | — |
| 28 | TotalPave Pavement management solutions for municipalities | $192K | 158 mo ago | 3 | Coady Cameron CEO | — | — | — | — |
Top 12 Data as a Service companies in Canada
#1
Series C · Montreal, Montreal · founded 2019 · 139 employees$29.5Mraised▾
Cloud-based sustainability management software provider. Solutions include ESG data collection, sustainability reporting, benchmarking, collaborative workflows, and ESG risk management. Features include leverage automation, data collection, AI-driven insights, decision-making, value creation, risk management oversights, waste management, human rights management, and etc.
- May 2026Series C—
- May 2025Series C$27M
- Feb 2023Series B$20M
- May 2021Series A$8M
#2
Series B · Ottawa, Ontario · founded 2005 · 45 employees$22.4Mraised▾
Provider of electronic component spend analytics and risk intelligence SaaS platform. The platform enables clients to improve procurement and build more resilient supply chains. It offers tools for spend benchmarking, price estimation, and risk mitigation. The company’s platform uses real customer data to provide market insights. It helps clients negotiate better prices and identify alternative sourcing options.
- Jun 2025Series B$2.5M
- Jul 2024Series B$5M
- Oct 2023Series A$2.5M
- Aug 2022Series A$13M
#3
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
#4
Series D · Kitchener, Ontario · founded 2005 · 384 employees$307.3Mraised▾
Developer of traffic management software and intelligent transportation hardware systems. Products include video detection cameras, signal performance analytics, and adaptive signal control technology. The offerings facilitate emergency vehicle preemption and transit signal priority to improve traffic flow. Additional capabilities include portable data collection devices and cloud-based platforms for monitoring intersection performance and safety. These tools assist in managing signalized intersections and analyzing multimodal traffic data for operational planning.
- Apr 2023Series D$194.5M
- Jan 2020Conventional Debt$15.2M
- Jan 2020Series C$75.9M
- May 2018Series B$11.7M
#5
Acquired · Vancouver, British Columbia · founded 2015 · 214 employees$100Mraised▾
Canalyst is an equity research platform that helps analysts and portfolio managers. It organizes the unstructured data of Canadian public company filings, turning it into user-friendly, working models. It has an online database with downloadable Excel models on every Canadian equity.
- Jan 2022Series C$70M
- Jan 2020Series B$13.8M
- Jun 2017Seed—
- Aug 2016Seed$2.7M
#6
Series B · Montreal, Montreal · founded 2014 · 60 employees$20.5Mraised▾
Provider of location intelligence platform for real estate consumer engagement solutions. The platform offers tools for traffic acquisition, lead generation, and web engagement. It also provides agent enablement and nurturing capabilities. The platform delivers insights for properties, empowering professionals and growing businesses.
- Aug 2023Series B$13.2M
- Nov 2020Conventional Debt—
- Nov 2020Series A$6.1M
- Jun 2017Series A$1.1M
#7
Series B · Montreal, Quebec · founded 2017 · 20 employees$20.2Mraised▾
Provider of a funding search engine for business support organizations. It enables business-support organizations to assist business owners in finding, organizing, and applying for relevant government funding. The engine captures firmographics, promotes inclusion, and helps organizations become more complete funding advisors. It allows organizations to acquire and retain clients without IT integration, offering bank-level security.
- Mar 2020Series B$15M
- Oct 2018Series A$5.2M
- 2017Seed—
#8
Series A · Montreal, Quebec · founded 2016 · 106 employees$5.4Mraised▾
AI-based impact data collection solution for businesses. Provides automated data collection for private companies. Offers impact analysis for analytics on impacts of assets and portfolios. Provides tools to monitor ESG compliance to banks, double materiality assessment tool, activity and indicator taxonomy, impact data ready for business intelligence, recommendation engine, ESG controversy news monitoring, automated data collection, and more.
- Sep 2022Series A$4.3M
- Aug 2018Angel$1.1M
#9
Seed · Toronto, Ontario · founded 2019 · 7 employees$1.9Mraised▾
Online research and financial database platform for stock, funds, and ETF investment for individuals. It offers company-specific segments & KPIs, customizable dashboards to follow performance and fundamentals, curated filings, analyst ratings, press releases, and news. Users can build and save their valuation models like DCF. Users can follow investors, get hedge fund letters, an earnings calendar, and more.
- Sep 2023Seed$1.7M
- Mar 2023Seed$257.6K
#10
Acqui-Hired · Richmond, British Columbia · founded 2005 · 30 employees$15.7Mraised▾
Mobidia Technology, Inc. provides a set of mobile app and network usage data solutions to track and benchmark competitors, plan global launch strategies, identify mobile app trends, identify trends for cellular and Wi-Fi, optimize data plans and service offers, develop and optimize over-the-top plans, and target and optimize advertising for businesses. It offers app data, network data, device data, and plan data sets; and methodology, delivery, and dashboard solutions. The company provides real usage data worldwide. Mobidia Technology, Inc. was founded in 2004 and is based in Richmond, Canada. As of May 6, 2015, Mobidia Technology, Inc. operates as a subsidiary of App Annie Limited.
- Nov 2014Series B$21.9K
- Feb 2014Series B$24.3K
- Sep 2013Series B$48K
- Dec 2012Series B$124.2K
#11
Public · Vancouver, British Columbia · founded 2009 · 10 employees$9.2Mraised▾
UrtheCast provides satellite imagery services. It offers various services including satellite imaging, data services, and analytics. It has a proprietary platform known as UrthePipeline that transforms satellite data into analytics-ready data. It provides analytics services for various industries including agriculture, commodities trading & logistics, and crop insurance & financial risk mitigation.
- Feb 2020Post IPO$1.6M
- Sep 2019Post IPO$5M
- Sep 2019Post IPO$2.2M
- Sep 2019Conventional Debt$2.7M
#12
Public · Vancouver, British Columbia · founded 2015$7.7Mraised▾
Global Cannabis Application provides data source for medical cannabis community. It offers information related to the medical cannabis, products and price data and manage technologies to aggregate data. It helps clinical students and mobile applications to capture users experiences. It enables users to perform predictive analytics to draw valuable insights from the data using artificial intelligence technologies.
- Nov 2018Post IPO$81K
- Oct 2018Post IPO$524.9K
- Jul 2018Post IPO$1.6M
- Mar 2018Post IPO$5.4M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Data as a Service coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.