Radar · Energy Efficiency Tech in Ontario
Best Energy Efficiency Tech Companies in Ontario, Canada
The 111 best Energy Efficiency Tech companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amp.
By Rohit KhannaTrends & Stories
111companies tracked
$1.2Bdisclosed funding
0unicorns
31have raised
FLIAR INTELLIGENCE · ENERGY EFFICIENCY TECH × ONTARIO
Our analysis of 50 Energy Efficiency Tech companies
$7.8b in tracked funding; 86% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
86%cloud-native stacks
2025funding peak (by rounds)
4unicorns
2014median founding year
305kcombined LinkedIn audience
70%of audience held by top 3
4companies hiring publicly (12 mo)
Ranked: Best Energy Efficiency Tech companies in Ontario
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Amp Developer of renewable energy assets, battery storage, and digital energy platforms 55Product top 26%Funding top 29%Growth top 30%Talent top 35% All 12 signals ▾Producttop 26% Fundingtop 29% Growthtop 30% Talenttop 35% Moattop 37% AItop 45% Globalbottom 47% Marketbottom 42% Techbottom 40% Innovationbottom 39% Patentsbottom 35% Newsbottom 27% Product: 11 distinct product lines · Company stage: Acquired Funding: Raised $528M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $528M | 53 mo ago | 41 | David Rogers Founder & CEO | HubSpot CMS HubBootstrapIsotope+17 | Top 5M | 8 patents Coordinated multi-device streaming and playback synchronization for digital audio/video content | — |
| 2 | Hydro Ottawa Provider of billing and energy monitoring services 72Funding top 20%Tech top 31%Growth top 35%Market top 37% All 7 signals ▾Fundingtop 20% Techtop 31% Growthtop 35% Markettop 37% Producttop 50% Globalbottom 25% Newsbottom 22% Funding: Raised $235M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Tech: 43 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses rank vs industry peers · Fliar Intelligence Index 72/100 | $235M | 16 mo ago | 680 | — | DrupalApple iCloud MailGoogle Workspace+24 | Top 1M | — | 1 job opening |
| 3 | ecobee Manufacturer of smart thermostats, sensors, cameras, and security system bundles 78AI top 15%Customers top 19%Tech top 23%Patents top 33% All 13 signals ▾AItop 15% Customerstop 19% Techtop 23% Patentstop 33% Fundingtop 34% Producttop 36% Markettop 37% Moattop 38% Talenttop 38% Innovationtop 42% Growthbottom 48% Globalbottom 42% Newsbottom 24% AI: Holds AI/ML patents (G06N-family CPC) Customers: Play-Store rating 4.30★ across 39,875 ratings (2 apps) · Review volume +45% in 6 mo rank vs industry peers · Fliar Intelligence Index 78/100 | $155M | 96 mo ago | 520 | Oksana Lvova Ceo | Amazon WebstoreContentfulApple iCloud Mail+37 | Top 500k | 82 patents Residential smart energy management and integrated home automation (thermostats, lighting, cameras). | — |
| 4 | Otilu Mionics Developer of advanced materials for electronics, displays, and quantum computing | $55M | 43 mo ago | 54 | Michael Helander President & CEO | WordPressApple iCloud MailGoogle Workspace+12 | Top 10M | — | — |
| 5 | Encycle Provider of wireless energy management solutions 24Funding top 35%Moat top 37%Product top 40%Patents top 49% All 10 signals ▾Fundingtop 35% Moattop 37% Producttop 40% Patentstop 49% Talentbottom 49% Innovationbottom 43% Globalbottom 43% Marketbottom 37% Techbottom 25% Newsbottom 22% Funding: Raised $45.7M across 8 rounds · 8 rounds over 15 yrs (0.5/yr) Moat: Editorial + unicorn rating 7/10 · IP moat: 18 patents rank vs industry peers · Fliar Intelligence Index 24/100 | $46M | 61 mo ago | 30 | Robert Chiste Chairman and CEO | — | — | 18 patents Intelligent HVAC control and fault detection via smart thermostat orchestration | 2 job openings |
| 6 | Parity Platform for reducing energy consumption 48Product top 30%Funding top 32%Innovation top 34%Talent top 38% All 9 signals ▾Producttop 30% Fundingtop 32% Innovationtop 34% Talenttop 38% Moattop 39% Techbottom 45% Marketbottom 36% Globalbottom 36% Newsbottom 21% Product: 6 distinct product lines · Company stage: Series B Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $36M | 24 mo ago | 23 | Brian MacLeod Co-Founder | — | — | — | 1 expansion |
| 7 | IGNIS Innovation Provider of AMOLED display solutions | $28M | 132 mo ago | 23 | — | — | — | 1,090 patents Advanced AMOLED display calibration, compensation, and pixel circuit technologies | — |
| 8 | VendorPM SaaS-driven vendor bids management software for homeowners 40Funding top 38%Talent top 38%Tech top 45%Product bottom 48% All 7 signals ▾Fundingtop 38% Talenttop 38% Techtop 45% Productbottom 48% Marketbottom 40% Globalbottom 37% Newsbottom 22% Funding: Raised $26.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 40/100 | $26M | 45 mo ago | 56 | Dylan Sher Co-Founder & COO | WebflowSalesforceIntercom+32 | Top 10M | — | 1 job opening |
| 9 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | 64 | Dale Hall Executive VP & Co-Founder | — | — | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 10 | BluWave-ai Developer of artificial intelligence software for optimizing energy grid operations 64Innovation top 21%Patents top 24%Moat top 25%Talent top 25% All 11 signals ▾Innovationtop 21% Patentstop 24% Moattop 25% Talenttop 25% AItop 30% Fundingtop 40% Producttop 40% Globalbottom 40% Marketbottom 38% Techbottom 34% Newsbottom 22% Innovation: 51 patents (top 30% of patent-holders) · 42 filings since 2022 vs 9 in 2017-21 Patents: 51 patents matched (strict assignee match) · 42 filings since 2022 vs 9 in 2017-21 rank vs industry peers · Fliar Intelligence Index 64/100 | $18M | 42 mo ago | 46 | Paul Georges Leroux Co-Founder | jQueryHSTSGoogle Workspace+3 | Top 10M | 51 patents Smart EV charging management and load allocation for power grid optimization | 2 awards |
| 11 | Kontrol Provider of building management solutions for energy efficiency and sustainability 67Funding top 30%Market top 34%Product top 35%Innovation top 44% All 8 signals ▾Fundingtop 30% Markettop 34% Producttop 35% Innovationtop 44% AItop 45% Newstop 46% Growthtop 50% Globalbottom 29% Funding: Raised $17.6M across 8 rounds · 8 rounds over 5 yrs (1.6/yr) Market: 350 employees (top 12% of Real Estate and Construction Tech) rank vs industry peers · Fliar Intelligence Index 67/100 | $18M | 39 mo ago | 350 | — | — | — | — | — |
| 12 | QD Solar Developer pof quantum dot-based photovoltaic cells | $8M | 51 mo ago | 12 | — | — | — | 12 patents Surface‑engineered colloidal quantum dots for high‑efficiency solution‑processed photovoltaics | — |
| 13 | Energate Provider of app-based demand response solutions & energy management software solutions | $7M | 168 mo ago | 26 | — | — | — | 21 patents Intelligent demand‑response load control and adaptive thermostat systems for building energy management | — |
| 14 | Adaptis Provider of AI-powered platform for capital planning and asset decarbonization 32Talent top 38%AI top 45%Tech top 50%Funding bottom 49% All 7 signals ▾Talenttop 38% AItop 45% Techtop 50% Fundingbottom 49% Globalbottom 36% Marketbottom 28% Newsbottom 21% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 32/100 | $5M | 14 mo ago | 19 | Sheida Shahi Co-Founder & CEO | WixSentryBootstrap+12 | Top 10M | — | — |
| 15 | energyX Solutions Energy audit app for energy service companies | $5M | 70 mo ago | 12 | — | — | — | — | — |
| 16 | Edgecom Energy AI-powered energy management software 27Talent top 38%AI top 45%Funding bottom 49%Tech bottom 37% All 6 signals ▾Talenttop 38% AItop 45% Fundingbottom 49% Techbottom 37% Globalbottom 37% Marketbottom 27% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 27/100 | $4M | 17 mo ago | 22 | Mostafa Salehi Co-Founder | WordPressMySQLRedis+20 | Top 10M | — | 1 launch |
| 17 | Nanoleaf Energy efficient lightbulbs | $3M | 123 mo ago | 95 | Tom Rodinger Chief Technology Officer and Cofounder | Cart FunctionalityShopifyRoute+33 | Top 500k | — | — |
| 18 | QEA Tech Provider of AI-powered building envelope audits and retrofit recommendations | $2M | 38 mo ago | 22 | Peyvand Melati Founder & CEO | — | — | — | 1 expansion |
| 19 | Polar Sapphire Provider of high purity aluminum oxide powder solutions | $2M | 138 mo ago | 26 | — | — | — | 12 patents Manufacturing high-purity alumina for aluminum smelting and advanced ceramics | — |
| 20 | CRS Electronics IoT-driven LED lighting products for building management solutions | $668K | 181 mo ago | 18 | Travis Jones CEO & President | — | — | 19 patents Advanced LED power regulation, thermal management, and conversion solutions for lighting systems. | — |
| 21 | SensorSuite Cloud-based building energy management solution | $550K | 103 mo ago | 13 | — | — | — | — | — |
| 22 | Cence Power Provider of energy management solutions | $350K | 64 mo ago | — | Will Andrew CEO | WebflowZohoZepto+13 | Top 5M | 9 patents DC power line fault detection and communication systems | 1 award |
| 23 | Energent Provider of energy management solutions | $291K | 44 mo ago | 13 | Chris Reid President & CEO | — | — | 9 patents Software for smart energy hub control and electricity price forecasting | — |
| 24 | CircuitMeter Solutions Electrical metering solution for commercial buildings | $250K | 121 mo ago | 8 | — | — | — | 7 patents Electrical meter isolation interfaces and power network monitoring systems | 2 launchs |
Top 12 Energy Efficiency Tech companies in Ontario
#1
Late Stage · Ottawa, Ontario · founded 2000 · 680 employees$235Mraised▾
Late Stage · Ottawa, Ontario · founded 2000 · 680 employees
Hydro Ottawa is a provider of energy monitoring services and also provides billing with respect to the same for both commercial and residential sectors. Core services also include electricity distribution, renewable energy generation and energy conservation and management. Energy consumption monitoring services are additionally provided with mobile app integration for remote access.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 20%Tech
top 31%Growth
top 35%Market
top 37%Product
top 50%Global
bottom 25%Funding: Raised $235M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Unattributed (Jan 2025)
Tech: 43 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses · Devops: Envoy, Varnish
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 22k LinkedIn followers — 7.3% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public)
Funding rounds
- Jan 2025Unattributed$235M
Tech stack
Acquia Cloud PlatformAddtoanyAmazon CloudfrontAmazon SesAmazon Web ServicesApple Icloud Mail
#2
Seed · Toronto, Ontario · founded 2022 · 19 employees$5.5Mraised▾
Seed · Toronto, Ontario · founded 2022 · 19 employees
Provider of AI-powered platform for capital planning and asset decarbonization. The platform uses predictive analytics and real building data to guide capital planning decisions. It aligns decarbonization goals with financial realities across design, retrofit, and development. The platform offers portfolio-wide insights to uncover risks and opportunities. It provides a step-by-step plan, mapping out when to invest in capital projects.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
top 38%AI
top 45%Tech
top 50%Funding
bottom 49%Global
bottom 36%Market
bottom 28%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: ai-powered
Tech: 15 technologies across 5/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn · Observability: Sentry
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Apr 2025Seed$4M
- Jun 2024Seed$5.5M
- Jan 2023Seed$1.5M
- Sep 2022Seed—
Founders & team
Investors
Accelerator Centre, Building Ventures, MetaProp, 2048 Ventures, Blue Vision Capital, Powerhouse
#3
Seed · Toronto, Ontario · founded 2016 · 22 employees$3.7Mraised▾
Seed · Toronto, Ontario · founded 2016 · 22 employees
AI-powered energy management software. It provides AI-powered energy management software solutions to large energy consumers, enabling them to reduce energy costs and emissions through predictive analytics and IoT-based monitoring.
Fliar Intelligence Index™ 27how this company ranks against its industry peers
Talent
top 38%AI
top 45%Funding
bottom 49%Tech
bottom 37%Global
bottom 37%Market
bottom 27%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: ai-powered
Funding: Raised $3.7M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Seed (Jan 2025)
Audience (LinkedIn): 5k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Jan 2025Seed$2.5M
- Dec 2024Seed$1.2M
Founders & team
Investors
ABB, GreenSky
Tech stack
Apache Http ServerDebianElementorGoogle CloudGoogle Cloud CdnGoogle Workspace
#4
Series B · Toronto, Ontario · founded 2018 · 23 employees$35.7Mraised▾
Series B · Toronto, Ontario · founded 2018 · 23 employees
Platform for reducing energy consumption. It monitors the consumption of gas and electricity by connecting to the building via the cloud and optimizes the mechanical systems. It provides real-time energy data and allows tracking of monthly savings through energy reports.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Product
top 30%Funding
top 32%Innovation
top 34%Talent
top 38%Moat
top 39%Tech
bottom 45%Product: 6 distinct product lines · Company stage: Series B
Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series B (Jun 2024)
Innovation: 6 product lines
Audience (LinkedIn): 8k LinkedIn followers — 2.6% of this cohort's audience
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Jun 2024Series B$19M
- Oct 2023Conventional Debt$4M
- Oct 2022Series B$8M
- Dec 2020Series A$5M
Founders & team
Investors
RET Ventures, Wyse, New York State, ArcTern Ventures, SVB, Idealist Capital
Tech stack
Master SliderWordpressMysqlPhpBootstrapAnimate.Css
#5
Acquired · Mississauga, Ontario · founded 2009 · 41 employees$528.1Mraised▾
Acquired · Mississauga, Ontario · founded 2009 · 41 employees
Developer of renewable energy assets, battery storage, and digital energy platforms. The company delivers renewable energy and flexibility-as-a-service. It focuses on solar, wind, green hydrogen, ammonia, and utility-scale storage. The company provides an artificial intelligence-enabled digital energy platform. It offers smart transformers, virtual power plants, and dynamic load shaping.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Product
top 26%Funding
top 29%Growth
top 30%Talent
top 35%Moat
top 37%AI
top 45%Product: 11 distinct product lines · Company stage: Acquired
Funding: Raised $528M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) · Last round Conventional Debt (Jan 2022)
Growth: Headcount 32 → 41 (+28%) across vintages
Funding rounds
- Jan 2022Conventional Debt$350M
- Nov 2021Conventional Debt$67.8M
- Jan 2021PE$374M
- Oct 2018PE$154.1M
Founders & team
Investors
The Carlyle Group, Brookfield Asset Management, ECP, ZOMALAB, Orient Cement, LGT Impact
Tech stack
Hubspot Cms HubHubspotJquery CdnJqueryFancyboxCloudflare Bot Management
#6
Series B · Toronto, Ontario · founded 2011 · 54 employees$55Mraised▾
Series B · Toronto, Ontario · founded 2011 · 54 employees
Developer of advanced materials for electronics, displays, and quantum computing. The company focuses on materials for transparent displays, under panel sensors, and under display cameras. It uses computational chemistry, high performance computing, and machine learning for materials design. The company also offers materials synthesis, scale-up, and production testing. It applies its materials to OLED displays and self-assembly patterning. The company provides expertise in OLED materials, application engineering, and process development.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers — 2.7% of this cohort's audience
Funding rounds
- Oct 2022Series B$55M
- Aug 2020Series A—
- Feb 2015Grant (prize money)$5.7M
Founders & team
Investors
LG Technology Ventures, Samsung Venture Investment, UDC Ventures, Anzu Partners, Draper Dragon, Sustainable Development Technology Canada
Tech stack
Apache Http ServerApple Icloud MailAutoptimizeGodaddyGoogle Font ApiGoogle Workspace
#7
Public · Vaughan, Ontario · founded 2006 · 350 employees$17.6Mraised▾
Public · Vaughan, Ontario · founded 2006 · 350 employees
Provider of building management solutions for energy efficiency and sustainability. The company delivers technology and integrated solutions designed to enhance building performance. Through analytics and building solutions, organizations can achieve reductions in energy consumption and greenhouse gas emissions. The company's BuildX AI platform integrates with existing HVAC systems, leveraging sensors and machine learning. This provides real-time insights, predictive maintenance, and streamlined operations.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Funding
top 30%Market
top 34%Product
top 35%Innovation
top 44%AI
top 45%News
top 46%Funding: Raised $17.6M across 8 rounds · 8 rounds over 5 yrs (1.6/yr) · Last round Post IPO (Feb 2023)
Market: 350 employees (top 12% of Real Estate and Construction Tech)
Product: 0 product launch events in 12 mo, 2 the year before · Company stage: Public
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
- Feb 2023Post IPO—
- Jul 2022Grant (prize money)—
- May 2021Post IPO—
- May 2019Post IPO$2.6M
Investors
National Research Council Canada
#8
Series A · Ottawa, Ontario · founded 2017 · 46 employees$17.8Mraised▾
Series A · Ottawa, Ontario · founded 2017 · 46 employees
Developer of artificial intelligence software for optimizing energy grid operations. The company provides solutions for smart grid optimization, data center energy management, and electric vehicle fleet orchestration. Its products support grid operators, utilities, and enterprises in managing energy storage and renewable energy resources. The company's technology also caters to off-grid microgrids and electric vehicle infrastructure.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Innovation
top 21%Patents
top 24%Moat
top 25%Talent
top 25%AI
top 30%Funding
top 40%Innovation: 51 patents (top 30% of patent-holders) · 42 filings since 2022 vs 9 in 2017-21 · 12 product lines
Patents: 51 patents matched (strict assignee match) · 42 filings since 2022 vs 9 in 2017-21 · Latest publication 2026
Moat: Editorial + unicorn rating 7/10 · IP moat: 51 patents
Audience (LinkedIn): 8k LinkedIn followers — 2.6% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
- Dec 2022Series A$9.5M
- Nov 2022Conventional Debt$1.7M
- Apr 2022Series A$4.5M
- Mar 2020Seed$212.7K
Founders & team
Investors
Ontario Centre of Innovation, Sustainable Development Technology Canada, Ecofuel Accelerator, FedDev Ontario, Poweronenergy, Capital Angels Network
Tech stack
JqueryGoogle AnalyticsHstsCloudflareOpen Graph
#9
Series A · Toronto, Ontario · founded 2019 · 56 employees$26Mraised▾
Series A · Toronto, Ontario · founded 2019 · 56 employees
SaaS-driven vendor bids management software for homeowners. Features include vendor quote requesting, vendor lead generation, vendor searching, vendor reviewing, and insight generation. Users can procure & manage services & contracts through the platform.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 38%Talent
top 38%Tech
top 45%Product
bottom 48%Market
bottom 40%Global
bottom 37%Funding: Raised $26.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) · Last round Series A (Aug 2022)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Tech: 35 technologies across 4/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Security: Cloudflare Bot Management, Hsts
Audience (LinkedIn): 12k LinkedIn followers — 4.0% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public)
Funding rounds
- Aug 2022Series A$20M
- Feb 2022Seed$6M
- Apr 2020Seed$30K
Founders & team
Investors
Bessemer Venture Partners, Accelerator Centre, Prudence, Navitas Capital, Alate Partners, Colliers
Tech stack
Amazon S3Amazon Web ServicesCdnjsCloudflareCloudflare Bot ManagementCore-Js
#10
Acquired · Toronto, Ontario · founded 2007 · 520 employees$155Mraised▾
Acquired · Toronto, Ontario · founded 2007 · 520 employees
Manufacturer of smart thermostats, sensors, cameras, and security system bundles. The company provides smart thermostats with accessories, air filter subscriptions, and power extender kits. It offers smart sensors for rooms, doors, and windows. The company also manufactures wired smart doorbell cameras and smart cameras with voice control. In addition, the business provides home security bundles and smart security subscriptions.
Fliar Intelligence Index™ 78how this company ranks against its industry peers
AI
top 15%Customers
top 19%Tech
top 23%Patents
top 33%Funding
top 34%Product
top 36%AI: Holds AI/ML patents (G06N-family CPC)
Customers: Play-Store rating 4.30★ across 39,875 ratings (2 apps) · Review volume +45% in 6 mo · Marquee-customer mentions: top 30% of tracked companies
Tech: 63 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Envoy, Nginx
Audience (LinkedIn): 38k LinkedIn followers — 12.4% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Staff Product Manager - Energy Devices, Lead Marketing Manager
Funding rounds
- May 2018Series C$36.3M
- Mar 2018Series C$61M
- Dec 2016Series C$267K
- Aug 2016Series C$35M
Founders & team
Investors
Relay Ventures, Energy Impact Partners, Thomvest Ventures, Northleaf, Export Development Canada, AGL
Tech stack
AffirmAmplitudeApple Icloud MailAuraBootstrapCloudflare
#11
Series C · Toronto, Ontario · founded 2005 · 30 employees$45.7Mraised▾
Series C · Toronto, Ontario · founded 2005 · 30 employees
Provider of wireless energy management solutions. It offers enviro grid swarm logic controllers that are attached to electrical loads like air conditioning, heaters, compressors, pumps, humidifiers, dehumidifiers, to communicate and coordinate with each other and to reduce electrical demand for commercial, industrial, institutional, and multi-unit residential facilities.
Fliar Intelligence Index™ 24how this company ranks against its industry peers
Funding
top 35%Moat
top 37%Product
top 40%Patents
top 49%Talent
bottom 49%Innovation
bottom 43%Funding: Raised $45.7M across 8 rounds · 8 rounds over 15 yrs (0.5/yr) · Last round Series C (May 2021)
Moat: Editorial + unicorn rating 7/10 · IP moat: 18 patents · 10 curated direct competitors tracked
Product: 1 published app (80 installs) · Company stage: Series C
Audience (LinkedIn): 4k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Sales Engineer, National Account Director
Funding rounds
- May 2021Series C$7.5M
- Dec 2020Series C$2.2M
- Oct 2018Series C$4.9M
- Dec 2016Series C$11.5M
Founders & team
Investors
BDC, Takeda Ventures, Accel-Rx, NGEN Partners, EnerTech Capital, Export Development Canada
Tech stack
UbuntuApache Http ServerHstsDigicert
#12
Acquired · Toronto, Ontario · founded 2014 · 12 employees$7.8Mraised▾
Acquired · Toronto, Ontario · founded 2014 · 12 employees
Developer of quantum dot-based photovoltaic cells. It provides users with a company that manufactures photovoltaic cells using colloidal quantum dot technology. Its thin-film sheet integrated into conventional silicon solar panels has the potential to increase the energy output of solar panels.
Funding rounds
- Mar 2022Series A$100K
- Feb 2021Grant (prize money)$5.3M
- Feb 2017Series A$7.7M
- Mar 2016Grant (prize money)$2.5M
Investors
Sustainable Development Technology Canada, Luminate, DSM, TIAP, King Abdullah University of Science and Technology, Greentown Labs
Tech stack
WordpressMysqlPhpBootstrapWpformsSmart Slider 3
Funding & investor landscape
$1.2Btotal disclosed funding
29companies funded
85disclosed rounds
0rounds last 90 days
Most active investors
Export Development Canada3 rounds
Notable founders
Sheida Shahi
Co-Founder & CEO · Adaptis
Aida Mollaei
Co-Founder · Adaptis
Mostafa Salehi
Co-Founder · Edgecom Energy
Behdad Bahrami
Co-Founder & CEO · Edgecom Energy
Brian MacLeod
Co-Founder · Parity
Brad Pilgrim
Co-founder - CEO · Parity
David Rogers
Founder & CEO · Amp
Michael Helander
President & CEO · Otilu Mionics
Paul Georges Leroux
Co-Founder · BluWave-ai
Devashish Paul
CEO/Founder · BluWave-ai
Dylan Sher
Co-Founder & COO · VendorPM
Emiel Bril
Co-Founder & CEO · VendorPM
Prism market signals · Canada · country-scoped Prism corpus, 8,633,714 docs
Market landscape — 10 sub-themes by coverage
Share of Energy Efficiency Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH IN ONTARIO · Energy
How research on Energy Efficiency in Ontario is moving
A read on the academic research around Energy Efficiency in Ontario — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 45 papers.
Ontario's University of Ontario Institute of Technology leads optimistic smart grid and microgrid energy-efficiency research (mean stance 0.44), with breakthroughs and advancements dominating over concerns.
45 papers · stance +0.44 · 21% breakthrough · 8% concern
top institutions
- University of Ontario Institute of Technology31
- Ontario Tech University14
leading researchers
İbrahim Dinçer · Marc A. Rosen · Hossam A. Gabbar · Martin Agelin‐Chaab · Seama Koohi‐Fayegh · El-Nobi A. Ibrahim
prism intelligence · tone & topics
89% positive · 0% critical tone
SustainabilityTransportationBusinessEnvironmentReal EstateAutomotive
▲
Breakthroughs8 · 18%
▲ 0%→10% share
6 median citations25% since 2021mostly methods-led
Renewable energy, heat pump, and heat exchanger research newly emerging — field-share rising from 0% to 10%.
rising sub-themes (early→recent)
- Renewable energy2
- Heat pump2
- Heat exchanger2
- Thermal energy storage2
- Nuclear engineering2
Landmark Residential Energy Storage Management With Bidirectional Energy Control · 51 cites
◆
Advancements28 · 62%
▼ 74%→60% share
▼0.8× share momentum11 median citations21% since 2021mostly methods-led
Energy management research intensifying — papers grew from 2 to 3 despite advancements field-share cooling from 74% to 60%.
rising sub-themes (early→recent)
- Energy management2→3
Landmark Control and EMS of a Grid-Connected Microgrid with Economical Analysis · 81 cites
▼
Concerns3 · 7%
▼ 11%→10% share
▼0.9× share momentum9 median citations33% since 2021mostly empirical
Thermal comfort, ASHRAE 90.1, and passive cooling concerns newly rising within a stable 10–11% concern field-share.
rising sub-themes (early→recent)
- Thermal comfort1
- ASHRAE 90.11
- Passive cooling1
- Thermal mass1
- Building envelope1
Landmark Review of Battery Management Systems (BMS) Development and Industrial Standards · 424 cites
Common questions
How many Energy Efficiency Tech companies are there in Ontario, Canada?
Radar tracks 111 indexable Energy Efficiency Tech companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by Energy Efficiency Tech companies in Ontario, Canada?
The Energy Efficiency Tech companies in Ontario, Canada on this list have raised a combined $1.2B in disclosed equity funding across 29 funded companies.
Which is the highest-funded Energy Efficiency Tech company in Ontario, Canada?
Amp is the highest-funded Energy Efficiency Tech company in Ontario, Canada, with $528.1M in disclosed equity funding.
How many Energy Efficiency Tech companies in Ontario, Canada are funded?
29 of the 111 Energy Efficiency Tech companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many Energy Efficiency Tech unicorns are there in Ontario, Canada?
None of the Energy Efficiency Tech companies in Ontario, Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Ontario, Canada Energy Efficiency Tech companies?
The most active investors in Ontario, Canada Energy Efficiency Tech companies on this list include Sustainable Development Technology Canada, Accelerator Centre, BDC, MaRS Discovery District, MaRS IAF.
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.