Best GRC Software Companies in Canada
The 270 best GRC Software companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: GardaWorld.
Canada's GRC Software market is more crowded and better funded than most people realize, and this page ranks the companies building it here, sorted by disclosed equity funding and recent momentum. We're tracking 270 firms in total, with $7.0B in disclosed funding across the directory.
That number is heavy at the top. GardaWorld alone accounts for $5.2B of it, which tells you something about how concentrated this sector gets when physical and digital risk converge. Smile Digital Health pulled in $60M, Augmentt $15M, Lytica $22M, Novisto $30M. So the mid-tier is real and active, not just noise. Investors like BDC, MaRS Discovery District, and Y Combinator are all in the mix, which means you've got both institutional patience and accelerator velocity shaping the same cohort. And as RFP selection pitfalls made clear recently, buyers are getting pickier about what GRC platforms actually deliver versus what they promise. That pressure sharpens the competitive field fast. As shown in 2012 research, governance tool adoption correlates tightly with organizational maturity, which helps explain why Canadian enterprise demand keeps pulling early-stage vendors toward compliance-first positioning.
- Governance, Risk & Compliance (GRC) Status Quo and Software Use: Results from A Survey Amo
Our analysis of 50 GRC Software companies
$4.6b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best GRC Software companies in Canada
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GardaWorld Provider of security personnel, risk management, and security service solutions 57Tech top 18%Funding top 24%Product top 36%Growth top 45% All 9 signals ▾Techtop 18% Fundingtop 24% Producttop 36% Growthtop 45% Marketbottom 49% Globalbottom 48% Fin. healthbottom 39% Moatbottom 38% Newsbottom 31% Tech: 104 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront Funding: Raised $5.2B across 9 rounds · 9 rounds over 8 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $5.2B | 22 mo ago | Acquired | — | 1995 | Apple iCloud MailAlgoliaNode.js+29 | — | — | — |
| 2 | Trulioo 🦄 Provider of online identity verification services for KYC, KYB, and AML 74AI top 20%Funding top 27%Product top 28%Market top 31% All 12 signals ▾AItop 20% Fundingtop 27% Producttop 28% Markettop 31% Moattop 32% Innovationtop 37% Techtop 37% Patentstop 41% Partnerstop 41% Globaltop 42% Newsbottom 46% Growthbottom 32% AI: Classified as an AI company Funding: Raised $477M across 6 rounds · 6 rounds over 14 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 74/100 | $477M | 60 mo ago | Series D | — | 2011 | WordPressMySQLPHP+18 | 4 signals ▼67% New product · Leadership | 5 patents Privacy‑preserving data anonymization for fraud risk assessment in identity verification systems. | 1 launch · 1 expansion |
| 3 | Verafin Provider of financial crime management solutions for fraud detection and compliance 53Growth top 26%Funding top 32%Talent top 34%Product top 37% All 11 signals ▾Growthtop 26% Fundingtop 32% Talenttop 34% Producttop 37% Moattop 41% Techtop 44% Innovationbottom 43% Marketbottom 38% Globalbottom 37% Newsbottom 32% Patentsbottom 29% Growth: Headcount 16 → 32 (+100%) across vintages Funding: Raised $449M across 3 rounds · 3 rounds over 17 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | $449M | 80 mo ago | Acquired | Brendan Brothers Co-Founder | 2003 | WordPressApple iCloud MailMySQL+33 | — | 3 patents Anti-fraud analytics for financial transaction monitoring and compliance | 1 partnership |
| 4 | Ataccama Provider of an agentic platform for data quality and data governance | $150M | 47 mo ago | Series D | — | 2007 | WordPressApple iCloud MailGoogle Workspace+25 | 7 signals ▲133% Announcements · New product | — | 1 launch · 1 award |
| 5 | Intelex Environment health & safety software for manufacturing industry 69Tech top 30%Funding top 36%Product top 36%Market top 38% All 11 signals ▾Techtop 30% Fundingtop 36% Producttop 36% Markettop 38% Talenttop 38% Moattop 39% Growthtop 45% AItop 45% Customersbottom 41% Globalbottom 36% Newsbottom 27% Tech: 52 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare Funding: Raised $123M across 1 rounds · 1 rounds over 11 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $123M | 130 mo ago | Acquired | Ted Grunau Co-Founder | 1992 | WordPressSentryMySQL+38 | — | — | 1 award |
| 6 | Validere Platform for energy asset management, emissions monitoring, and environmental health and safety | $65M | 51 mo ago | Series B | Nouman Ahmad Co-Founder & CEO | 2015 | — | — | — | 2 job openings · 1 award |
| 7 | Smile Digital Health Provider of health data integration solutions for the healthcare industry 50Funding top 32%Market top 44%Growth top 45%Moat top 48% All 8 signals ▾Fundingtop 32% Markettop 44% Growthtop 45% Moattop 48% Talentbottom 49% Techbottom 47% Globalbottom 36% Newsbottom 18% Funding: Raised $60.5M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) Market: 330 employees (top 12% of HealthTech) · Top-5,000,000 web property rank vs industry peers · Fliar Intelligence Index 50/100 | $60M | 16 mo ago | Series B | Duncan Weatherston CEO | 2016 | HubSpot CMS HubSalesforceAmazon Web Services+21 | — | — | 1 launch |
| 8 | Galvanize Vulnerability and threat management platform | $50M | 101 mo ago | Acquired | — | 1987 | WordPressMySQLPHP+37 | — | — | — |
| 9 | Athennian Platform offering legal entity management software | $47M | 50 mo ago | Series B | Andrew Dravucz Co-Founder | 2016 | WebflowApple iCloud MailGoogle Workspace+28 | — | — | 1 job opening |
| 10 | Owl Technologies KYC solutions for banks and insurance companies | $40M | 55 mo ago | Series B | Sean Merat Co-Founder & CEO | 2018 | Apple iCloud MailGoogle WorkspaceNode.js+25 | — | — | 2 awards |
| 11 | Novisto Cloud-based sustainability management software provider | $30M | 1 mo ago | Series C | Charles Assaf Co-Founder & CEO | 2019 | Craft CMSApple iCloud MailGoogle Workspace+28 | 3 signals ▼40% Capital raise · M&A · Funding | — | — |
| 12 | Manifest Climate Provider of AI-powered sustainability intelligence platform for investors and corporations | $29M | 50 mo ago | Series A | Laura Zizzo Co-founder and Chief Strategy Officer | 2015 | WordPressMySQLPHP+39 | — | — | 1 partnership |
| 13 | FigBytes Cloud-based KPI compliance management software provider | $25M | 42 mo ago | Acquired | — | 2009 | WordPressMySQLPHP+38 | — | — | — |
| 14 | Resolver Cloud based GRC | $24M | 107 mo ago | Acquired | — | 2000 | WordPressSentryZendesk+27 | — | — | — |
| 15 | Lytica Provider of electronic component spend analytics and risk intelligence SaaS platform | $22M | 12 mo ago | Series B | Martin Sendyk President and CEO | 2005 | — | — | — | — |
| 16 | Tenet Platform offers software for credit risk management 53Funding top 35%Growth top 35%Product top 35%News top 40% All 9 signals ▾Fundingtop 35% Growthtop 35% Producttop 35% Newstop 40% Innovationtop 45% AItop 45% Marketbottom 42% Techbottom 41% Globalbottom 29% Funding: Raised $21.3M across 7 rounds · 7 rounds over 4 yrs (1.8/yr) Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 53/100 | $21M | 15 mo ago | Public | — | 2008 | WebflowHubSpot CMS HubHubSpot+13 | 3 signals ▲50% Earnings | — | — |
| 17 | ProActivity Platform offering data lineage tracking solutions | $20M | 267 mo ago | Acquired | — | 1997 | — | — | — | — |
| 18 | Secoda Provider of an AI platform for data and analytics solutions | $16M | 32 mo ago | Acquired | Etai Mizrahi Co-Founder & CEO | 2021 | Webflow EcommerceWebflowApple iCloud Mail+20 | — | — | — |
| 19 | Augmentt Cloud based platform offering application security solutions 24News top 27%Funding top 45%Tech top 45%Product top 49% All 6 signals ▾Newstop 27% Fundingtop 45% Techtop 45% Producttop 49% Globalbottom 36% Marketbottom 35% News: 3 BI events in 12 mo (of 16 tracked, 8 types) · Top themes: Funding, Capital raise Funding: Raised $15.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 24/100 | $15M | 7 mo ago | Series B | — | 2020 | WordPressApple iCloud MailMicrosoft 365+31 | 3 signals Funding · Capital raise | — | 1 launch · 1 award |
| 20 | FINCAD Financial analytics and risk management software provider | $12M | 86 mo ago | Acquired | Mark D’Arcy President & CEO | 1990 | — | — | — | — |
| 21 | Shinydocs Online enterprise information management platform for data governance | $12M | 18 mo ago | Series A | Jason Cassidy CEO | 2013 | HubSpot CMS HubApple iCloud MailMicrosoft 365+22 | — | 35 patents Enterprise content management: automated file handling, crawling, classification, and extraction systems. | — |
| 22 | Feroot Provider of cloud based web application security solutions | $11M | 51 mo ago | Seed | Vitaliy Lim Founder & CTO | 2017 | WordPressApple iCloud MailGoogle Workspace+32 | — | — | — |
| 23 | Fatigue Science Provider of sleep analyzing and tracking wearable devices | $11M | 76 mo ago | Series A | Andrew Morden CEO | 2006 | HubSpot CMS HubSentrySalesforce+26 | — | — | 3 partnerships |
| 24 | CapIntel Online financial advisory platform for investments | $11M | 48 mo ago | Series A | — | 2017 | SentryApple iCloud MailMicrosoft 365+24 | — | — | 1 launch · 1 award |
| 25 | DisclosureNet Disclosure Management Solution | $10M | 174 mo ago | Acquired | — | 2002 | — | — | — | — |
| 26 | QuIC Financial Technologies Risk management and analytics suite | $10M | 245 mo ago | Acqui-Hired | Nigel Cairns ex-CEO | 1998 | — | — | — | — |
| 27 | Remitian Provider of a platform unifying and automating tax payments and compliance 16Funding top 47%Talent bottom 49%Tech bottom 46%Global bottom 33% All 5 signals ▾Fundingtop 47% Talentbottom 49% Techbottom 46% Globalbottom 33% Marketbottom 25% Funding: Raised $7.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 16/100 | $7M | 3 mo ago | Seed | Solon Angel Co Founder & CEO | 2024 | Microsoft ASP.NETTailwind CSSAmazon Web Services+14 | — | — | — |
| 28 | Beyond Compliance EHS compliance management solution for oil and gas industry | $7M | 222 mo ago | Acqui-Hired | Michael Koury ex-CEO | 2000 | — | — | — | — |
| 29 | HyperComply Third party risk management software for enterprises | $6M | 45 mo ago | Acquired | Cody Wright Co-Founder and CTO | 2018 | WebflowEmotionAmazon Web Services+23 | — | — | — |
| 30 | Salus Cloud-based compliance management platform for businesses | $6M | 30 mo ago | Series A | Rob Clifford Co-Founder & CTO | 2018 | Apple iCloud MailGoogle WorkspaceNode.js+24 | — | — | — |
| 31 | Carbide Cloud-based platform offering compliance management solutions for enterprises | $5M | 53 mo ago | Seed | Laird Wilton COO & Co-Founder | 2016 | — | — | — | — |
| 32 | Uplinq Provider of API-based credit risk signals for banks and credit institutions | $5M | 40 mo ago | Seed | Ron Benegbi Co-Founder & CEO | 2021 | WordPressMySQLPHP+22 | — | — | 1 award |
| 33 | Tarian Software Electronic record keeping technology for business application software | $5M | 295 mo ago | Acqui-Hired | Bruce Miller Founder | 1999 | — | — | — | — |
| 34 | Cavelo Provider of attack surface management platform for data protection and compliance | $5M | 31 mo ago | Series A | — | 2020 | WebflowMicrosoft ClarityMouse Flow+19 | — | — | 1 launch |
| 35 | Kognitiv Spark Cloud-based industrial holographic platform for remote support & training | $4M | 51 mo ago | Series A | Yan Simard Co-Founder & CEO | 2016 | Cart FunctionalitySquarespace CommerceSquarespace+24 | — | — | 1 expansion |
| 36 | FileFacets Cloud-based Information Governance Solution | $4M | 111 mo ago | Acquired | — | 2015 | — | — | 2 patents Document classification and metadata tagging systems for electronic document management | — |
| 37 | Data Sentinel Cloud-based data privacy management software provider | $4M | 60 mo ago | Seed | Mark Rowan Chief Executive Officer | 2020 | WebflowSplidecore-js+17 | — | — | — |
| 38 | Private AI Developer of PII identification, de-identification, and data anonymization software | $3M | 43 mo ago | Series A | Patricia Thaine Co-Founder and CEO | 2019 | WordPressMySQLPHP+44 | — | — | — |
| 39 | Fairly Provider of AI governance, risk, compliance management platform for enterprises | $3M | 38 mo ago | Seed | David Bruwaene Co-Founder & CEO | 2020 | — | — | 6 patents AI/ML model risk management and validation using fuzzy‑logic techniques | — |
| 40 | Impact Analytics AI based financial risk management solutions for businesses | $3M | 27 mo ago | Public | Eric Entz CEO | 2023 | — | — | — | — |
| 41 | myComply Provider of construction workforce management software and hardware | $3M | 50 mo ago | Seed | Dustin Gamester Co-Founder | 2015 | WordPressMySQLPHP+34 | — | — | — |
| 42 | PitchPoint Solutions Credit risk solutions for lenders | $3M | 63 mo ago | Series A | Stephen Schrump CEO & President | 2003 | Node.jsZohoTailwind CSS+10 | — | — | — |
| 43 | Field Safe Solutions Online safety and inspection platform for field workforce | $2M | 63 mo ago | Seed | Cameron Barrett CEO | 2014 | — | — | — | 1 launch |
| 44 | Styx Intelligence Cloud and AI based digital risk management software provider | $2M | 14 mo ago | Seed | — | 2020 | WordPressMySQLPHP+11 | — | — | — |
| 45 | BlackIce Risk Technologies Risk management solution for banks and financial institutions | $2M | 100 mo ago | Public | Judy Kalyan CEO & Chairman | 2008 | — | — | — | — |
| 46 | ClearRisk Web-based Risk management solutions for insurance industries & SMEs | $2M | 156 mo ago | Seed | Icd Craig Rowe President/CEO/Co-founder | 2006 | HubSpot CMS HubApple iCloud MailGoogle Workspace+18 | — | — | 1 award |
| 47 | Aprio Board Portal Cloud-based board meeting management software provider | $1M | 91 mo ago | Seed | Ian Warner CEO & President | 2003 | WordPressUnbounceElementor+32 | — | — | — |
| 48 | SOLABS Enterprise Quality Management System for Life Sciences Industry | $1M | 207 mo ago | Series A | — | 1999 | Windows ServerMicrosoft ASP.NETIIS+2 | — | — | 3 partnerships |
| 49 | Thomson Reuters Cloud based legal enterprise management and data services for businesses | $937K | 79 mo ago | Public | Richard Smith Co-Founder | 2008 | 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 |
Top 12 GRC Software 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
Acquired · Montreal, Montreal · founded 1995 · 132000 employees$5.2Braised▾
Provider of security personnel, risk management, and security service solutions. They deliver uniformed security, mobile patrol, and risk assessment services. The organization offers security solutions for diverse sectors, including commercial, industrial, and governmental. Services encompass event security, crisis management, and protective services.
- Jul 2024Conventional Debt$550M
- Feb 2022Conventional Debt$700M
- Jun 2021Conventional Debt$500M
- Jun 2020Conventional Debt$120M
#3
Seed · Canada · founded 2024$7Mraised▾
Provider of a platform unifying and automating tax payments and compliance. The platform connects to tax authorities through secure channels, ensuring payment accuracy and compliance. It consolidates payments, dashboards, and reminders, eliminating manual processes and fragmented systems. The platform is designed for tax professionals and taxpayers, connecting firms, taxpayers, and institutions.
- Mar 2026Seed$7M
#4
Series B · Ottawa, Ontario · founded 2020 · 34 employees$15Mraised▾
Cloud based platform offering application security solutions. It provides a SaaS security platform for MSPs to discover, manage and secure their clients SaaS applications. It also helps MSPs uncover shadow IT, manage their customers Microsoft 365 and Google Workspace cloud apps, and enforce security policies to prevent security breaches.
- Nov 2025Series B$15M
#5
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
#6
Series B · Toronto, Ontario · founded 2016 · 330 employees$60.5Mraised▾
Provider of health data integration solutions for the healthcare industry. It aims to enhance health by providing solutions that allow organizations to access, transform, store, enrich, analyze, aggregate, and share health information. It allows users to access analytics on measures, gap in care, clinical decision support, population analytics, and more.
- Feb 2025Conventional Debt$10.5M
- Jan 2023Series B$30M
- Aug 2021Series A$20M
#7
Public · Toronto, Ontario · founded 2008 · 148 employees$21.3Mraised▾
Platform offers software for credit risk management. It offers a solution that enables banks and financial institutions to manage business credit risks by connecting with SMEs, brokers, and data providers. It uses artificial intelligence and analytics to qualify borrowers based on their financial profiles.
- Mar 2025Post IPO$2.5M
- Dec 2023Post IPO$3.4M
- Jun 2023Post IPO$500K
- Jun 2023Post IPO$223.6K
#8
Series A · Kitchener, Ontario · founded 2013 · 86 employees$11.8Mraised▾
Online enterprise information management platform for data governance. The platform creates an inventory of material stored throughout an organisation, allowing users to find and automatically regulate information. It provides two solutions, Shinydrive and Shinydocs Cognitive Suite, with the goal of assisting businesses in driving results through data. It gives users access to user governance features such as limited external access, version control, archiving, and an audit trail for compliance.
- Dec 2024Series A$1.1M
- Mar 2023Series A$11.8M
#9
Seed · Vancouver, British Columbia · founded 2020 · 13 employees$1.9Mraised▾
Developer of a digital risk protection platform designed to protect assets against cyber attacks. The company uses artificial intelligence (AI) technology that provides visibility and supports remediation against threats targeting your digital assets and monitors public attack surface to identify any exposure of digital assets, as well as assets across the surface, deep and dark web and various channels including social networks, news media, forums and many more, enabling businesses to safeguard against the risk associated with digital transformations.
- Mar 2025Seed$1.9M
- Mar 2022Seed—
#10
Trulioo 🦄Series D · Vancouver, British Columbia · founded 2011 · 412 employees$477.2Mraised▾
Provider of online identity verification services for KYC, KYB, and AML. The company offers a platform to customize workflows with person and business verification capabilities. It helps to achieve compliance and prevent fraud. The platform delivers integration through a single token and endpoint, giving access to verification services.
- Jun 2021Series D$394M
- Sep 2019Series C$52.9M
- 2018Series B$7.3M
- Dec 2015Series B$15M
#11
Series D · Markham, Ontario · founded 2007 · 500 employees$150Mraised▾
Provider of an agentic platform for data quality and data governance. The platform offers automated data discovery, data lineage tracking, and reference data management. It facilitates data observability, master data management, and the creation of governed data products. The platform supports data integration, systems modernization, and aims to accelerate trustworthy data for artificial intelligence.
- Jun 2022Series D$150M
- Mar 2016Grant (prize money)$766.1K
- Jan 2015Grant (prize money)$149.4K
#12
Acquired · St John s, Newfoundland And Labrador · founded 2003 · 32 employees$448.6Mraised▾
Provider of financial crime management solutions for fraud detection and compliance. The company offers tools for anti-money laundering, high-risk customer management, and sanctions screening. It facilitates information sharing and provides resources such as blogs, events, and webinars. The company delivers solutions for fraud detection related to payments, checks, wires, ACH, and online account takeover. It also offers BSA compliance and process automation, including CDD/EDD, CTRs, SARs, and case management.
- Sep 2019Series D$388.6M
- Sep 2019Conventional Debt—
- May 2014Series B$55M
- Sep 2009Series A$5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of GRC Software coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Regtech & Compliance is moving in Canada
A read on the academic research around Regtech & Compliance — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 114 Canada-affiliated papers.
- Artificial Intelligence in Medicine9
- University of Toronto8
- Centre Hospitalier Universitaire Sainte-Justine6
- Royal Roads University5
- University of Ottawa5
- Data mining1→4
- Credit card fraud1→11
- Credit card1→8
- Computer security1→6
- Data mining1→5
- World Wide Web1→4
- Money laundering8
- Accounting5
- Financial transaction3
- Compliance (psychology)3
- Terrorism2
Where regtech is researched across Canada
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing regtech patents in Canada
Canada regtech patent filing is accelerating — 82 filings from 37 assignees (2016–2025), led by Mastercard TECH Canada ULC, Toronto Dominion BANK, Zighra; annual filings 2→16.
- Mastercard TECH Canada ULC47
- Toronto Dominion BANK15
- Zighra10
- Rogers Communications7
- Royal BANK Of Canada5
- Beatdapp Software3
- Zwicky Richard Kazimierz3
- Element AI3
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.