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Radar · Enterprise Infrastructure in Ontario

Best Enterprise Infrastructure Companies in Ontario, Canada

The 526 best Enterprise Infrastructure companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: 1Password.

526companies tracked
$3Bdisclosed funding
2unicorns
158have raised
FLIAR INTELLIGENCE · ENTERPRISE INFRASTRUCTURE × ONTARIO

Our analysis of 50 Enterprise Infrastructure companies

$9.9b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
98%cloud-native stacks
2025funding peak (by rounds)
3unicorns
2017median founding year
1.2Mcombined LinkedIn audience
61%of audience held by top 3
4companies hiring publicly (12 mo)

Ranked: Best Enterprise Infrastructure companies in Ontario

#CompanyDisclosed fundingLast roundEmployeesFoundedFounderTech stackPatents & IP focusRecent signals
11Password 🦄
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
$920M54 mo ago1,4132006David Teare
Co-Founder
WebflowCart FunctionalityPassage+25—1 launch
2Blackberry
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
$365M67 mo ago986
986 → 2,001 (+103%)
1984Hank Riccitelli
Pres/CEO
Adobe Experience ManagerApple iCloud MailJava+2918,224 patents
Secure mobile networking, carrier aggregation, sensor data handling, and cybersecurity solutions
1 launch · 1 award
3Tailscale 🦄
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
$115M14 mo ago1162019Avery Pennarun
Co-founder and CEO
SanityNode.jsSalesforce+2527 patents
Secure zero‑trust mesh networking with distributed key management and overlapping IPv6 subnet handling.
5 job openings
4BTI Systems
Packet optical networking technology provider
$109M135 mo ago702000————
5Buf
Provider of schema management and validation tools for API development
$93M54 mo ago492019Peter Edge
Founder & CEO
WebflowApple iCloud MailGoogle Workspace+29——
6Vidyard
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
$91M26 mo ago2842011Devon Galloway
Co-Founder & CTO
WordPressApple iCloud MailGoogle Workspace+42—2 awards
7Rewind
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
$90M43 mo ago1052015James C
Co-Founder & CTO
WordPress Block EditorElementorWordPress+47——
8Velocix
CDN solutions
$79M218 mo ago1022002James Brickmeier
Chief Executive Officer
HubSpot CMS HubZohoSalesforce+20——
9SecureKey
Cloud-based identity verification solutions
$71M78 mo ago1162008——62 patents
Secure authentication and credential management for devices and networks
—
10Sangoma
Enterprise collaboration platform for unified communication solutions
$60M70 mo ago421984—WordPress Site EditorWordPressMySQL+294 patents
Patents concentrated in electrical & electronics
2 launchs
11Corsa 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
$50M13 mo ago272013Carolyn Raab
Co-Founder and Chief Product Officer
WordPressMySQLSalesforce+282 patents
Patents concentrated in electrical & electronics
—
12Ethoca
Fraud protection solutions for omnichannel retailers
$45M131 mo ago1622005—DrupalMariaDBPHP+195 patents
Payment fraud detection and transaction rescue solutions for electronic commerce
—
13Fusepoint Managed Services
Offers colocation and managed IT solutions
$39M245 mo ago1001999————
14Densify
Automation product for virtual instances
$38M138 mo ago841999—WordPressMySQLPHP+28—1 launch
15Fable
Cloud based usability testing platform
60Tech top 33%Growth top 35%Funding top 36%Moat top 39%
All 7 signals ▾
Techtop 33%
Growthtop 35%
Fundingtop 36%
Moattop 39%
Markettop 47%
Talentbottom 49%
Globalbottom 36%
Tech: 46 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 60/100
$37M20 mo ago1462018Alwar Pillai
Co-Founder & CEO
WordPressApple iCloud MailMicrosoft 365+43—1 partnership · 1 award
16Nakina Systems
Network security and orchestration solutions
$36M179 mo ago872002————
17Field 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
$34M9 mo ago1632016Matt Holland
Founder & CEO
HubSpot CMS HubVimeoGSAP+3235 patents
Cybersecurity monitoring, endpoint detection, and network traffic filtering solutions
1 launch
18Auvik
Cloud based network monitoring and management solutions
$33M97 mo ago3432011Mark Morin
Co-Founder
WordPress Site EditorWordPressSentry+41——
19Embotics
Cloud management software
$32M95 mo ago602006——45 patents
Optimizing multicloud workload placement and autonomous cloud service selection orchestration.
—
20Nymi
Developer of wearable multi-factor authentication solution for passwordless access and security
$30M96 mo ago432011—Wix eCommerceWixSentry+2252 patents
Wearable biometric authentication and motion‑based user activity monitoring for secure access
1 partnership
21Knak
Cloud based platform offering software to build a landing page
$25M55 mo ago342015Brendan Farnand
Co-Founder & CCO
SanityApple iCloud MailGoogle Workspace+36——
22OpsLevel
Platform offering ALM enablers software
50Growth top 35%Funding top 38%Tech top 44%Talent bottom 49%
All 7 signals ▾
Growthtop 35%
Fundingtop 38%
Techtop 44%
Talentbottom 49%
Marketbottom 43%
Globalbottom 39%
Newsbottom 22%
Growth: Fresh capital in last 24 mo
Funding: Raised $20.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr)
rank vs industry peers · Fliar Intelligence Index 50/100
$20M18 mo ago532018John Laban
CEO & Co-Founder
WebflowSentryApple iCloud Mail+27——
23Discourse
Open source discussion platform
$20M57 mo ago1862012—GhostNode.jsVarnish+15——
24Ethereum
Blockchain-based public network for decentralized applications
$18M55 mo ago12013—TurbopackSentryNode.js+17——
25BluWave-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
$18M42 mo ago462017Paul Georges Leroux
Co-Founder
jQueryHSTSGoogle Workspace+351 patents
Smart EV charging management and load allocation for power grid optimization
2 awards
26Augmentt
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
$15M7 mo ago342020—WordPressApple iCloud MailMicrosoft 365+31—1 launch · 1 award
27Solace
Provider of event-driven integration platform for real-time data streaming and management
$15M34 mo ago5372001Haris Khan
Founder
WordPressApple iCloud MailAlgolia+44—2 launchs
28Umajin
Mobile app development platform for designers and developers
$13M58 mo ago212009————
29Feroot
Provider of cloud based web application security solutions
$11M51 mo ago242017Vitaliy Lim
Founder & CTO
WordPressApple iCloud MailGoogle Workspace+32——
30Protexxa
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
$10M22 mo ago472021Claudette McGowan
Chief Executive Officer
WordPressMySQLPHP+272 patents
Assessing data confidence and reliability in AI/ML data pipelines
—
31ISARA
Post-quantum encryption-based data security solution
$10M27 mo ago322015—BootstrapAmazon Web ServicesApache HTTP Server+1969 patents
Multi-key root certificate authorities and crypto‑agile public‑key infrastructure management
1 launch · 1 award
32Tehama
Cloud based virtual office solution provider
$10M43 mo ago362017Luc Bertin
Co-Founder
——1 launch
33Agnostiq
Provider of a quantum computing development platform
$9M38 mo ago202018Oktay Goktas
Co-Founder
—3 patents
Secure hybrid quantum‑classical workflow execution on advanced computing platforms
—
34Quantum 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
$9M0 mo ago152019Mattia Montagna
Co-Founder & CEO
WordPressMySQLPHP+219 patents
Secure quantum key distribution and management for cryptographic networks
—
35Tempo
Developer of an AI-powered platform for React application design and development
62AI top 30%Tech top 32%Funding top 43%Growth top 45%
All 7 signals ▾
AItop 30%
Techtop 32%
Fundingtop 43%
Growthtop 45%
Talentbottom 49%
Globalbottom 48%
Marketbottom 47%
AI: Classified as an AI company · Product described with: ai-powered
Tech: 38 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services
rank vs industry peers · Fliar Intelligence Index 62/100
$6M7 mo ago—2023Kevin Michael
Co-Founder & CEO
SentryInstatusNode.js+27—1 launch · 1 partnership
36evolutionQ
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
$6M16 mo ago332015Michele Mosca
Co-Founder & CEO
Webflowlit-htmlcore-js+1615 patents
Patents concentrated in electrical & electronics
—
37Sekur 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
$5M5 mo ago—2012Alain Ghiai
Founder & CEO
———
38Frugal
Developer of software tools that analyze and optimize application code
35AI top 20%Talent top 38%Funding top 49%Tech bottom 48%
All 6 signals ▾
AItop 20%
Talenttop 38%
Fundingtop 49%
Techbottom 48%
Globalbottom 33%
Marketbottom 25%
AI: Classified as an AI company
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 35/100
$5M7 mo ago—2025Rob Calendino
Co-Founder & VP Engineering
WebflowAmazon Web ServicesMicrosoft Clarity+20—2 job openings
39Cavelo
Provider of attack surface management platform for data protection and compliance
$5M31 mo ago172020—WebflowMicrosoft ClarityMouse Flow+19—1 launch
40Quantropi
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
$5M1 mo ago332018—WebflowElementorWordPress+3034 patents
Post‑quantum cryptographic algorithms, digital signatures, and secure randomness generation.
—
41YScope
Platform offering log analyzer software
10Patents top 42%Funding top 49%Moat bottom 49%Innovation bottom 48%
All 6 signals ▾
Patentstop 42%
Fundingtop 49%
Moatbottom 49%
Innovationbottom 48%
Globalbottom 35%
Marketbottom 10%
Patents: 11 patents matched (strict assignee match) · 5 filings since 2022 vs 5 in 2017-21
Funding: Raised $3.9M across 1 rounds · 1 rounds over 1 yrs (1.0/yr)
rank vs industry peers · Fliar Intelligence Index 10/100
$4M3 mo ago52012——11 patents
Efficient compression, search, and analysis of computer log data
1 launch
4201 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
$3M8 mo ago111992Andrew Cheung
President / CEO
Node.jsPHPDebian+6—4 launchs
43Cybeats
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
$3M7 mo ago412016—WebflowAmazon Web ServicesBambooHR+15—1 award
44Fairblock
Blockchain infrastructure builder using applied cryptography
$2M32 mo ago42022Bowen You
Co-Founder
Tailwind CSSReactReact Router+6——
45TeraGo
Internet, colocation and cloud services
57Innovation top 34%News top 36%Product top 37%Growth top 40%
All 8 signals ▾
Innovationtop 34%
Newstop 36%
Producttop 37%
Growthtop 40%
Techtop 42%
Fundingtop 49%
Marketbottom 48%
Globalbottom 43%
Innovation: 6 product lines
News: 14 BI events in 12 mo (of 106 tracked, 9 types) · +8% YoY
rank vs industry peers · Fliar Intelligence Index 57/100
$2M14 mo ago1001999—WordPressMySQLPHP+36——
46RunQL
Cloud based SQL IDE for enterprises
21Tech bottom 49%Talent bottom 49%Funding bottom 48%Global bottom 33%
All 5 signals ▾
Techbottom 49%
Talentbottom 49%
Fundingbottom 48%
Globalbottom 33%
Marketbottom 31%
Tech: 23 technologies across 4/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
Talent: 1 named leader on record · 1 C-suite/founder profile curated
rank vs industry peers · Fliar Intelligence Index 21/100
$2M19 mo ago—2023Rob Darling
Founder & CEO
BootstrapAmazon Web ServicesCloudflare+14——
47Route1
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
$1M7 mo ago512004Tony Busseri
CEO | President | Board Director
WordPressShowitApple iCloud Mail+1518 patents
Cryptographic key generation, storage, distribution, and derived credential management systems
1 launch · 2 partnerships
48Cerio
Cloud and AI based software defined server solutions
32Talent top 38%AI top 45%Funding bottom 40%Market bottom 37%
All 5 signals ▾
Talenttop 38%
AItop 45%
Fundingbottom 40%
Marketbottom 37%
Globalbottom 30%
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: ai based
rank vs industry peers · Fliar Intelligence Index 32/100
$1M15 mo ago—2012Doug Carwardine
Co-Founder
———

Top 12 Enterprise Infrastructure companies in Ontario

#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.

Fliar Intelligence Index™ 32how this company ranks against its industry peers
Funding
top 37%
Moat
top 38%
Innovation
top 40%
Patents
top 44%
Talent
bottom 49%
Tech
bottom 47%
Funding: Raised $8.7M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Series A (May 2026)
Moat: Editorial + unicorn rating 4/10 · IP moat: 9 patents
Innovation: 9 patents (top 70% of patent-holders) · 9 filings since 2022 vs 0 in 2017-21 · Deep-tech classification: Tech Hardware
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
  • May 2026Series A$8M
  • Aug 2024Seed—
  • May 2023Grant (prize money)$665.2K
Founders & team
Mattia MontagnaCo-Founder & CEO
Investors
Canadian Space Agency, Juniper Networks, Primo Capital, Wayra, Cadenza, Club degli Investitori
Tech stack
Amazon Web ServicesApache Http ServerBunnyCore-JsDownload MonitorElementor
#2
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.

Fliar Intelligence Index™ 42how this company ranks against its industry peers
Product
top 32%
Funding
top 39%
Patents
top 39%
Partners
top 42%
News
top 43%
Innovation
top 44%
Product: 3 distinct product lines · Company stage: Acquired
Funding: Raised $4.5M across 9 rounds · 9 rounds over 2 yrs (4.5/yr) · Last round Seed (Apr 2026)
Patents: 34 patents matched (strict assignee match) · 15 filings since 2022 vs 19 in 2017-21 · Latest publication 2025
Audience (LinkedIn): 5k LinkedIn followers
Funding rounds
  • Apr 2026Seed$1.2M
  • Dec 2025Seed$50K
  • May 2025Seed$750K
  • Oct 2024Seed$458.8K
Investors
Government of Canada
Tech stack
Amazon Web ServicesApache Http ServerCloudflareCloudflare Bot ManagementCore-JsElementor
#3
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.

Fliar Intelligence Index™ 84how this company ranks against its industry peers
Tech
top 23%
Funding
top 25%
Moat
top 25%
Customers
top 27%
Talent
top 28%
Innovation
top 29%
Tech: 50 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services · Devops: Nginx, Varnish
Funding: Raised $115M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Series C (Apr 2025)
Moat: Editorial + unicorn rating 9/10 · IP moat: 27 patents · Unicorn
Audience (LinkedIn): 38k LinkedIn followers — 3.2% of this cohort's audience
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +5 · hiring: Customer Support Engineer, Windows Engineer
Funding rounds
  • Apr 2025Series C$160M
  • May 2022Series B$100M
  • Nov 2020Series A$12M
  • Apr 2020Seed$3M
Founders & team
Avery PennarunCo-founder and CEODavid CrawshawCo-FounderDavid CarneyCo-Founder
Investors
Heavybit, Uncork Capital, CRV, Insight Partners, Accel, Sparkwave Capital
Tech stack
Amazon CloudfrontAmazon Web ServicesApple Sign-InCloudflareCloudflare Bot ManagementDiscourse
#4
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.

Fliar Intelligence Index™ 64how this company ranks against its industry peers
Innovation
top 23%
Funding
top 27%
Patents
top 28%
Moat
top 32%
Product
top 36%
Growth
top 45%
Innovation: 35 patents (top 23% of patent-holders) · 30 filings since 2022 vs 5 in 2017-21 · 5 product lines
Funding: Raised $34.5M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series B (Aug 2025)
Patents: 35 patents matched (strict assignee match) · 30 filings since 2022 vs 5 in 2017-21 · Latest publication 2026
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
  • Aug 2025Series B$3M
  • Aug 2023Conventional Debt$30M
  • Oct 2022Series B$34.5M
Founders & team
Matt HollandFounder & CEO
Investors
Scotiabank, Edison Partners, Round13, Syrus Partners, Tiny, PROPELR Growth
Tech stack
6SenseCdnjsCloudflareCloudflare Bot ManagementCore-JsFacebook Pixel
#5
Public · Toronto, Ontario · founded 2012
$5.5Mraised
▾

Provider of cybersecurity, data management, and IT solution services

Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 15%
Partners
top 18%
Product
top 18%
Innovation
top 23%
News
top 25%
Funding
top 35%
Growth: Fresh capital in last 24 mo
Partners: 5 contract events in 12 mo · Named contractor/client in 5 deals
Product: 9 product launch events in 12 mo, 2 the year before · Company stage: Public
Audience (LinkedIn): 984 LinkedIn followers
Funding rounds
  • Jan 2026Post IPO$1.1M
  • Jun 2025Post IPO$1.1M
  • May 2025Post IPO$50.2K
  • Apr 2025Post IPO$76.1K
Founders & team
Alain GhiaiFounder & CEO
#6
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.

Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 28%
Moat
top 31%
Talent
top 34%
Growth
top 35%
Product
top 41%
Tech
bottom 46%
Funding: Raised $50.0M across 13 rounds · 13 rounds over 13 yrs (1.0/yr) · Last round Series C (May 2025)
Moat: Editorial + unicorn rating 8/10 · IP moat: 2 patents · Soonicorn
Talent: Analyst team rating 4/5 · 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
  • May 2025Series C$72.4K
  • May 2025Series C$138.2K
  • Apr 2025Series C$139.3K
  • Mar 2025Series C$277.9K
Founders & team
Carolyn RaabCo-Founder and Chief Product OfficerTom KuCo-Founder and CTO
Investors
Celtic House Venture Partners, Roadmap Capital, BDC, Onbelay Capital
Tech stack
Apache Http ServerBackbone.JsBunnyBunny FontsCloudflareCloudflare Bot Management
#7
Series A · Scarborough, Ontario · founded 2012 · 5 employees
$3.9Mraised
▾

Developer of log management and troubleshooting tools designed for software systems to automate the diagnosis of software failures. The company's tools aim to commercialize a variety of failure diagnosis technologies based on their cutting edge research, enabling clients to have the ability to search archived logs without decompression that is more active than other competing log management products.

Fliar Intelligence Index™ 10how this company ranks against its industry peers
Patents
top 42%
Funding
top 49%
Moat
bottom 49%
Innovation
bottom 48%
Global
bottom 35%
Market
bottom 10%
Patents: 11 patents matched (strict assignee match) · 5 filings since 2022 vs 5 in 2017-21 · Latest publication 2025
Funding: Raised $3.9M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series A (Mar 2026)
Moat: Editorial + unicorn rating 1/10 · IP moat: 11 patents
Audience (LinkedIn): 278 LinkedIn followers
Activity (LinkedIn): 6 product launches announced in 12 mo
Funding rounds
  • Mar 2026Series A$3.9M
Investors
Two Small Fish Ventures, Next Wave, UTEST
#8
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.

Fliar Intelligence Index™ 24how this company ranks against its industry peers
News
top 27%
Funding
top 45%
Tech
top 45%
Product
top 49%
Global
bottom 36%
Market
bottom 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) · Last round Series B (Nov 2025)
Tech: 34 technologies across 3/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Security: Cloudflare Bot Management, Http/3
Audience (LinkedIn): 6k LinkedIn followers
Activity (LinkedIn): 1 product launches · 1 awards announced in 12 mo
Funding rounds
  • Nov 2025Series B$15M
Investors
Camber
Tech stack
Amazon SesAmazon Web ServicesApple Icloud MailCloudflareCloudflare Bot ManagementCookieyes
#9
Seed · Ottawa, Ontario · founded 2025
$5Mraised
▾

Developer of software tools that analyze and optimize application code. These tools identify inefficient code patterns and managed service usage to reduce cloud infrastructure expenses. The software generates automated code modifications to improve resource consumption across various programming languages and cloud environments. It integrates into development workflows to audit code for cost impact during the software development lifecycle. The system provides visibility into how specific code functions drive cloud service costs and suggests adjustments to improve efficiency.

Fliar Intelligence Index™ 35how this company ranks against its industry peers
AI
top 20%
Talent
top 38%
Funding
top 49%
Tech
bottom 48%
Global
bottom 33%
Market
bottom 25%
AI: Classified as an AI company
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $5.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (Nov 2025)
Audience (LinkedIn): 2k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: BDR, Business Development Representative
Funding rounds
  • Nov 2025Seed$5M
Founders & team
Rob CalendinoCo-Founder & VP EngineeringMike WeiderCo-Founder and CEO
Investors
Whitecap Venture Partners, Mistral
Tech stack
Amazon CloudfrontAmazon Web ServicesCdnjsCloudflareCloudflare Bot ManagementCore-Js
#10
Seed · Toronto, Ontario · founded 2023
$5.5Mraised
▾

Developer of an AI-powered platform for React application design and development. The platform enables users to design and edit React code visually using a drag-and-drop editor. It allows importing components from Storybook or generating custom libraries. The platform integrates with existing codebases, VSCode, and GitHub, offering component templates and AI assistance for product development.

Fliar Intelligence Index™ 62how this company ranks against its industry peers
AI
top 30%
Tech
top 32%
Funding
top 43%
Growth
top 45%
Talent
bottom 49%
Global
bottom 48%
AI: Classified as an AI company · Product described with: ai-powered
Tech: 38 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Observability: Datadog, Microsoft Clarity
Funding: Raised $5.5M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Seed (Oct 2025)
Audience (LinkedIn): 8k LinkedIn followers
Activity (LinkedIn): 2 product launches · 1 partnerships (incl. Guidewire Software and P&C carriers) announced in 12 mo
Funding rounds
  • Oct 2025Seed$5M
  • 2023Seed$500K
Founders & team
Kevin MichaelCo-Founder & CEO
Investors
Golden Ventures, Y Combinator, BoxGroup, Webflow, Inovia Capital, General Catalyst
Tech stack
Amazon S3Amazon Web ServicesClickbankCloudflareCloudflare Bot ManagementCore-Js
#11
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.

Fliar Intelligence Index™ 60how this company ranks against its industry peers
News
top 19%
Product
top 19%
Growth
top 25%
Partners
top 32%
Funding
top 36%
Innovation
top 38%
News: 5 BI events in 12 mo (of 43 tracked, 8 types) · +150% YoY · 3 high-value events (IPO/M&A/funding/contracts) in 12 mo
Product: 3 distinct product lines · Company stage: Public
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
  • Nov 2025Post IPO$1M
  • Nov 2024Post IPO$135.6K
  • Apr 2024Post IPO$1.8M
  • Apr 2023Post IPO$4.6M
Investors
Inovia Capital, Maple Leaf Angels, GreenSoil Investments, ScaleX, MaRS Discovery District, Ripple Ventures
Tech stack
Amazon SesAmazon Web ServicesBamboohrCloudflareCloudflare Bot ManagementGoogle Ads
#12
Public · Mississauga, Ontario · founded 1992 · 11 employees
$3.4Mraised
▾

Provider of Zero trust remote access software. Key features include incident tracking; concurrent chats; custom survey tools; live chat software; remote session control. Monetizes based on the number of licenses.

Fliar Intelligence Index™ 16how this company ranks against its industry peers
Product
top 22%
Funding
top 34%
Talent
bottom 49%
Growth
bottom 39%
Fin. health
bottom 36%
Global
bottom 32%
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) · Last round Post IPO (Oct 2025)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 1k LinkedIn followers
Activity (LinkedIn): 4 product launches announced in 12 mo
Funding rounds
  • Oct 2025Post IPO$1.7M
  • Jan 2025Post IPO$64K
  • Dec 2022Post IPO$67.5K
  • Sep 2022Post IPO$112.5K
Founders & team
Andrew CheungPresident / CEO
Investors
BEST Funds
Tech stack
Apache Http ServerDebianGoogle Font ApiJoomlaJqueryMootools

Funding & investor landscape

$3Btotal disclosed funding
138companies funded
330disclosed rounds
2rounds last 90 days
Most active investors
BDC18 rounds
MaRS IAF16 rounds
MaRS Discovery District15 rounds
Accelerator Centre14 rounds
Ontario Centre of Innovation13 rounds
Y Combinator13 rounds
Export Development Canada8 rounds
OneEleven8 rounds
Inovia Capital7 rounds
BEST Funds6 rounds

Notable founders

Mattia Montagna
Co-Founder & CEO · Quantum Bridge Technologies
Avery Pennarun
Co-founder and CEO · Tailscale
David Crawshaw
Co-Founder · Tailscale
Matt Holland
Founder & CEO · Field Effect
Alain Ghiai
Founder & CEO · Sekur Private Data
Carolyn Raab
Co-Founder and Chief Product Officer · Corsa Security
Tom Ku
Co-Founder and CTO · Corsa Security
Rob Calendino
Co-Founder & VP Engineering · Frugal
Mike Weider
Co-Founder and CEO · Frugal
Kevin Michael
Co-Founder & CEO · Tempo
Andrew Cheung
President / CEO · 01 Communique
Alwar Pillai
Co-Founder & CEO · Fable
Prism market signals · Canada · country-scoped Prism corpus, 440,083 docs

Market landscape — 10 sub-themes by coverage

Share of Enterprise Infrastructure coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH FROM Ontario · institutions

What Ontario researches in cloud computing

Ontario Tech University and UOIT lead Ontario's cloud-computing research, optimistically focusing on IoT, edge/fog computing, and resource management, with breakthroughs dominating and minimal concern.

18 papersstance +0.6650% breakthrough6% concern
breakthrough · advancement · concern
local research themes
IoT and Edge/Fog ComputingIoT Networks and ProtocolsCloud Computing and Resource ManagementAdvanced Battery Technologies ResearchGenomics and Phylogenetic StudiesPrivacy-Preserving Technologies in Data
top institutions
  • Ontario Tech University9
  • University of Ontario Institute of Technology5
  • Ontario Power Generation1
  • Ontario Institute for Cancer Research1
  • Ontario Ministry of Labour1

Common questions

How many Enterprise Infrastructure companies are there in Ontario, Canada?
Radar tracks 526 indexable Enterprise Infrastructure companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by Enterprise Infrastructure companies in Ontario, Canada?
The Enterprise Infrastructure companies in Ontario, Canada on this list have raised a combined $3B in disclosed equity funding across 138 funded companies.
Which is the highest-funded Enterprise Infrastructure company in Ontario, Canada?
1Password is the highest-funded Enterprise Infrastructure company in Ontario, Canada, with $920.1M in disclosed equity funding.
How many Enterprise Infrastructure companies in Ontario, Canada are funded?
138 of the 526 Enterprise Infrastructure companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many Enterprise Infrastructure unicorns are there in Ontario, Canada?
2 Enterprise Infrastructure companies in Ontario, Canada on this list are valued at $1B or more.
Who are the top investors in Ontario, Canada Enterprise Infrastructure companies?
The most active investors in Ontario, Canada Enterprise Infrastructure companies on this list include BDC, MaRS IAF, MaRS Discovery District, Accelerator Centre, Ontario Centre of Innovation.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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