Radar · Healthcare IT in Toronto
Best Healthcare IT Companies in Toronto, Canada
The 270 best Healthcare IT companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: AlayaCare.
By Rohit KhannaTrends & Stories
270companies tracked
$1.2Bdisclosed funding
0unicorns
87have raised
FLIAR INTELLIGENCE · HEALTHCARE IT × TORONTO
Our analysis of 50 Healthcare IT companies
$2.3b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
76%cloud-native stacks
2025funding peak (by rounds)
1unicorns
2016median founding year
293kcombined LinkedIn audience
41%of audience held by top 3
4companies hiring publicly (12 mo)
Ranked: Best Healthcare IT companies in Toronto
| # | Company | Disclosed funding | Last round | Employees | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | AlayaCare Provider of cloud based platform for home healthcare practitioners 76Funding top 13%Customers top 27%Growth top 28%Moat top 31% All 12 signals ▾Fundingtop 13% Customerstop 27% Growthtop 28% Moattop 31% Innovationtop 34% Producttop 35% Techtop 38% AItop 45% Talentbottom 49% Marketbottom 48% Globalbottom 37% Newsbottom 24% Funding: Raised $274M across 10 rounds · 10 rounds over 11 yrs (0.9/yr) Customers: Play-Store rating 4.20★ across 1,946 ratings (3 apps) · Review volume +16% in 6 mo rank vs industry peers · Fliar Intelligence Index 76/100 | $274M | 3 mo ago | 92 | 2014 | WordPress Block EditorBeaver BuilderWordPress+42 | — | — |
| 2 | Geneseeq Providing personalised cancer treatment solutions based on patients genomic profile 55Talent top 28%Funding top 31%Moat top 40%Market bottom 49% All 5 signals ▾Talenttop 28% Fundingtop 31% Moattop 40% Marketbottom 49% Globalbottom 45% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Funding: Raised $128M across 3 rounds · 3 rounds over 12 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $128M | 77 mo ago | — | 2012 | — | — | — |
| 3 | CorVista Provider of an AI-based cardiac health diagnosis tool for healthcare professionals 45Funding top 16%Moat top 31%AI top 45%Growth top 48% All 9 signals ▾Fundingtop 16% Moattop 31% AItop 45% Growthtop 48% Talenttop 49% Techbottom 46% Globalbottom 39% Newsbottom 38% Marketbottom 28% Funding: Raised $126M across 15 rounds · 15 rounds over 11 yrs (1.4/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 45/100 | $126M | 8 mo ago | 19 | 2012 | WordPressMySQLPHP+14 | — | — |
| 4 | Analytics4Life Developer of diagnostic platform using AI for cardiovascular disease assessments 57AI top 20%Funding top 31%Talent bottom 49%Global bottom 48% All 6 signals ▾AItop 20% Fundingtop 31% Talentbottom 49% Globalbottom 48% Techbottom 31% Newsbottom 27% AI: Classified as an AI company Funding: Raised $101M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $101M | 8 mo ago | — | 2012 | — | — | — |
| 5 | 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 | 330 | 2016 | HubSpot CMS HubSalesforceAmazon Web Services+21 | — | 1 launch |
| 6 | PocketHealth Provider of a cloud-based medical image sharing platform 55Funding top 30%Tech top 35%Talent top 38%Growth top 45% All 7 signals ▾Fundingtop 30% Techtop 35% Talenttop 38% Growthtop 45% Marketbottom 45% Globalbottom 37% Newsbottom 27% Funding: Raised $55.5M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Tech: 40 technologies across 4/8 capability areas · Cloud: Azure, Cloudflare rank vs industry peers · Fliar Intelligence Index 55/100 | $56M | 26 mo ago | — | 2016 | WordPressTypeScriptPHP+37 | — | — |
| 7 | Swift Medical Provider of AI-based wound care and diagnosis tool 60AI top 30%Moat top 31%Funding top 32%Talent top 38% All 13 signals ▾AItop 30% Moattop 31% Fundingtop 32% Talenttop 38% Techtop 39% Producttop 40% Patentstop 42% Innovationtop 45% Growthtop 45% Marketbottom 48% Globalbottom 40% Newsbottom 21% Customersbottom 13% AI: Classified as an AI company · Product described with: ai-based Moat: Editorial + unicorn rating 7/10 · IP moat: 10 patents rank vs industry peers · Fliar Intelligence Index 60/100 | $48M | 28 mo ago | 118 | 2015 | WordPress Block EditorWordPressBugHerd+44 | 10 patents Medical imaging devices for tissue visualization, especially wound assessment and monitoring. | — |
| 8 | Vital Provider of biomarkers for the diagnosis of disease 60Growth top 30%Funding top 34%Talent top 38%Tech top 48% All 7 signals ▾Growthtop 30% Fundingtop 34% Talenttop 38% Techtop 48% Marketbottom 48% Productbottom 45% Globalbottom 39% Growth: Web rank 10,000,000 → 5,000,000 YoY Funding: Raised $48.0M across 1 rounds · 1 rounds over 3 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $48M | 34 mo ago | 95 | 2004 | Tailwind CSSVue.jsGSAP+11 | — | — |
| 9 | BIONIK Provider of assistive and rehabilitation hardware and software solutions | $40M | 108 mo ago | 12 | 2010 | — | — | — |
| 10 | HEALWELL AI AI-enabled decision support tool for healthcare providers 57Partners top 14%News top 22%Product top 30%Innovation top 32% All 11 signals ▾Partnerstop 14% Newstop 22% Producttop 30% Innovationtop 32% Growthtop 37% Talenttop 37% Techtop 39% Fundingtop 42% Moattop 48% Marketbottom 41% Globalbottom 29% Partners: 7 contract events in 12 mo · Named contractor/client in 7 deals News: 31 BI events in 12 mo (of 78 tracked, 10 types) · +35% YoY rank vs industry peers · Fliar Intelligence Index 57/100 | $29M | 24 mo ago | — | 2012 | WordPressMySQLPHP+35 | — | — |
| 11 | Practice Better Cloud based platform offering nutrition practice management software for wellness professionals 67Tech top 18%Funding top 31%Talent top 38%Growth top 39% All 10 signals ▾Techtop 18% Fundingtop 31% Talenttop 38% Growthtop 39% AItop 45% Producttop 46% Customersbottom 44% Marketbottom 43% Globalbottom 36% Newsbottom 21% Tech: 90 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront Funding: Raised $27.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $27M | 18 mo ago | 37 | 2014 | SentryZendeskTypeScript+37 | — | — |
| 12 | Think Research SaaS based point of care management software for clinical decision support | $25M | 49 mo ago | 172 | 2006 | styled-componentsReactAmazon Web Services+6 | — | 3 job openings · 1 award |
| 13 | Xandar Kardian Provider of radar-based sensors for detecting human presence | $24M | 54 mo ago | 36 | 2005 | WordPressMySQLPHP+31 | — | — |
| 14 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | 64 | 2009 | — | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 15 | Figure 1 Provider of medical educational platform for professionals | $21M | 108 mo ago | 87 | 2013 | WordPress Block EditorWordPressMySQL+35 | — | — |
| 16 | OnCall Cloud-based telehealth management solution for providers | $19M | 50 mo ago | 52 | 2016 | — | — | — |
| 17 | Medchart Provider of cloud-based medical interoperability platform for healthcare organizations | $17M | 61 mo ago | 45 | 2015 | WebflowHubSpotcore-js+20 | — | 2 launchs |
| 18 | Carebook Provider of online medical records and patient communication platform 11Funding top 34%Product top 42%Market top 50%Global bottom 45% All 7 signals ▾Fundingtop 34% Producttop 42% Markettop 50% Globalbottom 45% Newsbottom 27% Techbottom 15% Growthbottom 10% Funding: Raised $16.3M across 4 rounds · 4 rounds over 5 yrs (0.8/yr) Product: 1 published app (3.0k installs) · Company stage: Acquired rank vs industry peers · Fliar Intelligence Index 11/100 | $16M | 30 mo ago | 48 | 2012 | — | — | — |
| 19 | Wise Docs Tech AI and cloud-based clinical documentation solutions for healthcare professionals 48Funding top 35%Growth top 35%Moat top 39%Tech top 43% All 8 signals ▾Fundingtop 35% Growthtop 35% Moattop 39% Techtop 43% Productbottom 45% Marketbottom 39% Globalbottom 36% Newsbottom 22% Funding: Raised $12.7M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 48/100 | $13M | 16 mo ago | 42 | 2019 | WebflowGSAPAmazon Web Services+25 | — | 2 launchs |
| 20 | Eyecarrot Open collaborative platform for detection of neurocognitive problems | $12M | 71 mo ago | — | 2012 | — | — | — |
| 21 | Destiny Solutions Customer life cycle management software for higher education | $11M | 97 mo ago | 2 | 1995 | — | — | — |
| 22 | Signal 1 Provider of an AI management system for the healthcare industry | $10M | 49 mo ago | 23 | 2022 | WordPressApple iCloud MailMicrosoft 365+19 | — | 2 partnerships · 1 award |
| 23 | Pathcore A secure, browser-based platform for managing your digital pathology and radiology images | $10M | 122 mo ago | 17 | 2006 | WebflowZohojQuery+7 | 6 patents Monitoring tissue exposure to treatment media in medical diagnostic/therapeutic devices | 1 job opening |
| 24 | BlueDot Provider of infectious disease intelligence platform 48AI top 20%Moat top 39%Funding top 42%Tech top 44% All 8 signals ▾AItop 20% Moattop 39% Fundingtop 42% Techtop 44% Talentbottom 49% Marketbottom 47% Globalbottom 37% Growthbottom 35% AI: Classified as an AI company Moat: Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 48/100 | $10M | 41 mo ago | 108 | 2013 | WordPress Block EditorElementorWordPress+28 | — | — |
| 25 | VentriPoint Heart analysis system 62News top 18%Product top 24%Growth top 25%Partners top 32% All 10 signals ▾Newstop 18% Producttop 24% Growthtop 25% Partnerstop 32% Fundingtop 36% Globaltop 37% Techtop 44% Innovationtop 47% Moattop 48% Marketbottom 45% News: 9 BI events in 12 mo (of 46 tracked, 7 types) · +350% YoY Product: 1 product launch event in 12 mo · 12 distinct product lines rank vs industry peers · Fliar Intelligence Index 62/100 | $9M | 16 mo ago | — | 2005 | WordPressMySQLZoho+17 | — | — |
| 26 | VitalHub Cloud based administrative management tools for healthcare providers | $9M | 69 mo ago | 210 | 2010 | Cart FunctionalitySquarespace CommerceSquarespace+27 | — | 1 award |
| 27 | SeamlessMD Transforming surgery care plans into interactive, patient engagement on mobile/web to improve outcomes and… | $7M | 69 mo ago | 39 | 2012 | WebflowAmazon Web ServicesAtlassian Statuspage+23 | — | 2 job openings |
| 28 | CleanSlate UV Device for disinfection tracking for smartphones in hospitals | $6M | 74 mo ago | 26 | 2014 | WordPressMySQLPHP+27 | — | — |
| 29 | Altis Labs Online platform offering clinical imaging data insights | $6M | 35 mo ago | 30 | 2018 | — | 7 patents AI-driven medical imaging for outcome prediction and adverse reaction modeling in healthcare | — |
| 30 | Insig Provider of digital platforms to manage clinical practices | $6M | 74 mo ago | 20 | 2015 | SentryGraphQLTypeScript+33 | — | — |
| 31 | Winterlight Labs AI-powered speech analysis technology to detect cognitive impairments | $6M | 79 mo ago | 48 | 2015 | — | 7 patents AI-driven speech analysis for detecting cognitive and neurological disorders | — |
| 32 | Synex Medical Developer of non-invasive health monitoring technology using magnetic resonance spectroscopy | $5M | 67 mo ago | 24 | 2017 | Apple iCloud MailGoogle WorkspaceSalesforce+11 | 30 patents Patents concentrated in health & consumer products | — |
| 33 | AI ML Innovations Provider of an AI and SaaS-based digital health monitoring platform and device for healthcare providers 42Patents top 19%Innovation top 22%AI top 30%Moat top 32% All 12 signals ▾Patentstop 19% Innovationtop 22% AItop 30% Moattop 32% Producttop 35% Fundingtop 37% Partnerstop 37% Newstop 43% Growthtop 45% Globalbottom 37% Techbottom 24% Marketbottom 18% Patents: 48 patents matched (strict assignee match) · 12 filings since 2022 vs 7 in 2017-21 Innovation: 48 patents (top 22% of patent-holders) · 12 filings since 2022 vs 7 in 2017-21 rank vs industry peers · Fliar Intelligence Index 42/100 | $4M | 14 mo ago | 3 | 2020 | WordPressMySQLPHP+10 | 48 patents Patents concentrated in electrical & electronics | — |
| 34 | Future Fertility Provider of predictive image analysis tool for IVF clinics 40AI top 28%Growth top 35%Funding top 42%Moat top 45% All 10 signals ▾AItop 28% Growthtop 35% Fundingtop 42% Moattop 45% Patentstop 46% Innovationbottom 46% Marketbottom 36% Globalbottom 36% Newsbottom 22% Techbottom 18% AI: Holds AI/ML patents (G06N-family CPC) · Product described with: ai-based Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 40/100 | $4M | 1 mo ago | 29 | 2011 | WordPressMySQLPHP+11 | 4 patents Patents concentrated in computing, sensing & instrumentation | 1 partnership |
| 35 | Dapasoft Business Intelligence solutions | $4M | 130 mo ago | 106 | 1997 | — | — | — |
| 36 | CardioComm Solutions Provides software for electrocardiogram (“ECG”) management and reporting software | $4M | 144 mo ago | 23 | 1989 | Cart FunctionalityWooCommerceWordPress+15 | 2 patents Unlocking and managing OTC biosignal recording devices for health monitoring | — |
| 37 | Semantic Health Provider of an AI-based medical coding and auditing process solution for healthcare professionals | $3M | 59 mo ago | 25 | 2019 | WebflowAmazon Web ServicesLeadfeeder+15 | — | — |
| 38 | LUCID Provider of music based digital mental development devices services | $3M | 46 mo ago | 21 | 2017 | — | 44 patents Food packaging and smart barcode-integrated plastic containers with psychometric measurement features | — |
| 39 | Lumeto VR-based digital therapeutic tool for healthcare professionals | $2M | 61 mo ago | 29 | 2020 | WordPressMySQLPHP+30 | — | 1 job opening |
| 40 | Self Care Catalysts Offers a patient engagement and market planning platform for hospitals and pharmaceutical companies | $2M | 138 mo ago | 30 | 2004 | — | 7 patents Remote physiological monitoring and health analytics devices for patient vital signs | — |
| 41 | AioCare Developer of cloud-based SaaS solutions for care coordination and remote patient monitoring | $2M | 178 mo ago | 10 | 2006 | — | — | — |
| 42 | EmergConnect Provider of emergency department performance improvement platform for healthcare systems 32Funding bottom 48%Global bottom 48%Talent bottom 45%Tech bottom 36% All 4 signals ▾Fundingbottom 48% Globalbottom 48% Talentbottom 45% Techbottom 36% Funding: Raised $2.0M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) Global: Investors from 2 countries beyond Canada rank vs industry peers · Fliar Intelligence Index 32/100 | $2M | 12 mo ago | — | 2020 | WordPressMySQLPHP+17 | — | — |
| 43 | PhenoTips Cloud-based health record management platform for hospitals & industries | $2M | 56 mo ago | 24 | 2014 | WordPress Block EditorElementorWordPress+42 | — | — |
| 44 | Verto Health Provider of AI-based digital twin platform for population health management | $2M | 69 mo ago | 44 | 2017 | — | — | — |
| 45 | Greenspace Provider of a SaaS-based telehealth platform for mental health providers and patients 48Growth top 35%Tech top 45%Funding top 48%Moat top 48% All 7 signals ▾Growthtop 35% Techtop 45% Fundingtop 48% Moattop 48% Talentbottom 49% Marketbottom 46% Globalbottom 36% Growth: Fresh capital in last 24 mo Tech: 32 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 48/100 | $1M | 15 mo ago | 66 | 2015 | WordPressMySQLSalesforce+20 | — | — |
| 46 | Healthkind AI-powered tools to enhance clinic-patient communications 42AI top 26%Talent top 38%Moat top 48%Market bottom 40% All 6 signals ▾AItop 26% Talenttop 38% Moattop 48% Marketbottom 40% Fundingbottom 38% Globalbottom 32% AI: Classified as an AI company · Product described with: ai-powered, natural language processing Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 42/100 | $899K | 18 mo ago | — | 2023 | — | — | — |
| 47 | Marion Surgical Virtual training platform for surgeons to learn, collaborate and practice procedures 13Product top 43%Moat top 45%Talent bottom 49%Innovation bottom 42% All 9 signals ▾Producttop 43% Moattop 45% Talentbottom 49% Innovationbottom 42% Patentsbottom 39% Globalbottom 37% Fundingbottom 36% Techbottom 35% Marketbottom 23% Product: 6 distinct product lines · Company stage: Seed Moat: Editorial + unicorn rating 5/10 · IP moat: 5 patents rank vs industry peers · Fliar Intelligence Index 13/100 | $381K | 18 mo ago | 7 | 2015 | — | 5 patents VR surgical simulation platforms providing haptic‑feedback instrument training | — |
| 48 | Afflo Provider of cloud-based transplantation management solution | $250K | 39 mo ago | 2 | 2019 | — | — | — |
| 49 | A.I. VALI Inc AI-based clinical image analysis and reporting tool | $189K | 33 mo ago | 9 | 2017 | — | 5 patents Real-time processing of medical and endoscopic imaging data | 2 awards |
| 50 | Medical Veda Provides AI and blockchain based health portal to patients and clinics for transaction | $124K | 23 mo ago | — | 2018 | — | — | — |
Top 12 Healthcare IT companies in Toronto
#1
Series D · Toronto, Ontario · founded 2014 · 92 employees$274.1Mraised▾
Series D · Toronto, Ontario · founded 2014 · 92 employees
Alayacare offers a cloud-based software platform for home healthcare practitioners. The platform features clinical documentation, back-office functionality, patient and family portals, remote patient monitoring, telehealth, and mobile care worker apps. It also helps in analyzing wearable devices to fetch patient data for processing through machine learning technology by giving real-time insights for the care professionals.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 13%Customers
top 27%Growth
top 28%Moat
top 31%Innovation
top 34%Product
top 35%Funding: Raised $274M across 10 rounds · 10 rounds over 11 yrs (0.9/yr) · Last round Conventional Debt (Feb 2026)
Customers: Play-Store rating 4.20★ across 1,946 ratings (3 apps) · Review volume +16% in 6 mo · Marquee-customer mentions: top 17% of tracked companies
Growth: Headcount 56 → 92 (+64%) across vintages · App-install growth +32% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 64k LinkedIn followers — 22.0% of this cohort's audience
Funding rounds
- Feb 2026Conventional Debt$50M
- Jun 2021Series D$182M
- Aug 2020Conventional Debt$11.4M
- Jan 2020Series C$36.8M
Founders & team
Investors
Inovia Capital, CDPQ, Invest Quebec, Fonds Innovexport, Canadian Imperial Bank of Commerce, Generation Investment Management
Tech stack
Amazon Web ServicesApple Icloud MailBeaver BuilderBootstrapCloudflareCloudflare Bot Management
#2
Series C · Toronto, Ontario · founded 2012 · 19 employees$126Mraised▾
Series C · Toronto, Ontario · founded 2012 · 19 employees
Provider of an AI-based cardiac health diagnosis tool for healthcare professionals. The company has designed a diagnostic tool called CorVista that has the ability to detect cardiovascular disease in patients. The AI technology used in the software analyses patients' data in order to detect diseases such as pulmonary hypertension, heart failure, or coronary artery diseases.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 16%Moat
top 31%AI
top 45%Growth
top 48%Talent
top 49%Tech
bottom 46%Funding: Raised $126M across 15 rounds · 15 rounds over 11 yrs (1.4/yr) · Last round Series C (Oct 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
AI: Product described with: ai-based
Funding rounds
- Oct 2025Series C$550K
- Jun 2025Series C$500K
- May 2025Series C$899.2K
- Jan 2025Series C$797.7K
Founders & team
Investors
MedVenture Partners, Bioworld Ventures, JLABS, G Ventures
Tech stack
CloudflareCloudflare Browser InsightsGoogle AnalyticsHstsJqueryJsdelivr
#3
Series C · Toronto, Ontario · founded 2012$100.7Mraised▾
Series C · Toronto, Ontario · founded 2012
Developer of diagnostic platform using AI for cardiovascular disease assessments. The platform CorVista System automates clinical data collection and diagnostic review, providing clinicians with actionable assessments at the point of care. The technology leverages machine-learned models designed for diagnostic performance, with a focus on multiple cardiovascular conditions. The system gathers heart signals and transmits the data to a secure cloud platform for processing.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
AI
top 20%Funding
top 31%Talent
bottom 49%Global
bottom 48%Tech
bottom 31%News
bottom 27%AI: Classified as an AI company
Funding: Raised $101M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) · Last round Series C (Oct 2025)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
- Oct 2025Series C$550K
- Jun 2025Series C$500K
- Jun 2024Series C$1.5M
- Aug 2022Series C$1M
Founders & team
Investors
MedVenture Partners
Tech stack
WordpressMysqlPhpGeneratepressGravity FormsGenerateblocks
#4
Series A · Toronto, Ontario · founded 2011 · 29 employees$4.1Mraised▾
Series A · Toronto, Ontario · founded 2011 · 29 employees
Provider of predictive image analysis tool for IVF clinics. The company offers a non-invasive sofware analysis tool to predict the oocytes function and success rate after in-vitro techniques. The AI-based engine also helps in giving insights for healthy embryo transfer rate, prevent the embryo transfer at the non-ideal time and reduce twin isolation embryos.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
AI
top 28%Growth
top 35%Funding
top 42%Moat
top 45%Patents
top 46%Innovation
bottom 46%AI: Holds AI/ML patents (G06N-family CPC) · Product described with: ai-based
Growth: Fresh capital in last 24 mo
Funding: Raised $4.1M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) · Last round Series A (Apr 2026)
Audience (LinkedIn): 11k LinkedIn followers — 3.6% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. Novafem) announced in 12 mo
Funding rounds
- Apr 2026Series A$4.1M
- Jan 2022Series A—
Investors
M Ventures, Whitecap Venture Partners, Sandpiper Ventures, Gaingels
Tech stack
ElementorHostingerJqueryJquery MigrateLitespeedLitespeed Cache
#5
Series B · Toronto, Ontario · founded 2016 · 330 employees$60.5Mraised▾
Series B · Toronto, Ontario · founded 2016 · 330 employees
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.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Funding
top 32%Market
top 44%Growth
top 45%Moat
top 48%Talent
bottom 49%Tech
bottom 47%Funding: Raised $60.5M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) · Last round Conventional Debt (Feb 2025)
Market: 330 employees (top 12% of HealthTech) · Top-5,000,000 web property
Growth: Web rank 5,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 14k LinkedIn followers — 4.8% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Feb 2025Conventional Debt$10.5M
- Jan 2023Series B$30M
- Aug 2021Series A$20M
Founders & team
Investors
FirePower Capital, 30 North Group, UPMC, Yorkville Partners
Tech stack
Amazon Web ServicesAosCloudflareCloudflare Bot ManagementCore-JsGoogle Analytics
#6
Series B · Toronto, Ontario · founded 2014 · 37 employees$27Mraised▾
Series B · Toronto, Ontario · founded 2014 · 37 employees
Cloud based platform offering nutrition practice management software for wellness professionals including nutritionists, dietitians. It is an end to end client management platform with features client scheduling, appointment management, booking and invoicing, fillable forms and waivers, tasks and reminders, health records management and meal planning. Charting and note taking with ready made templates, supporting documentation and protocols. It also offers telehealth capabilities for virtual client sessions.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Tech
top 18%Funding
top 31%Talent
top 38%Growth
top 39%AI
top 45%Product
top 46%Tech: 90 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront · Devops: Envoy
Funding: Raised $27.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Conventional Debt (Nov 2024)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Nov 2024Conventional Debt$13M
- Apr 2023Series B$27M
Founders & team
Investors
Five Elms Capital, Canadian Imperial Bank of Commerce, The DMZ
Tech stack
AdaAhoyAmazon AlbAmazon CloudfrontAmazon ElbAmazon Web Services
#7
Series A · Toronto, Ontario · founded 2019 · 42 employees$12.7Mraised▾
Series A · Toronto, Ontario · founded 2019 · 42 employees
AI and cloud-based clinical documentation solutions for healthcare professionals. The platform allows professionals to process the documents, medical images, records, reports, and summaries in a structured format.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 35%Growth
top 35%Moat
top 39%Tech
top 43%Product
bottom 45%Market
bottom 39%Funding: Raised $12.7M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) · Last round Series A (Feb 2025)
Growth: Fresh capital in last 24 mo
Moat: Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 14k LinkedIn followers — 4.9% of this cohort's audience
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- Feb 2025Series A$3.5M
- Aug 2024Conventional Debt$3.3M
- Jan 2024Series A$9.5M
- Mar 2022Seed$3.2M
Investors
Ripple Ventures, Vena Marketing, GreenSky, Bluesky Equities, Canadian Imperial Bank of Commerce, Information Venture Partners
Tech stack
CdnjsCloudflareCloudflare Bot ManagementCore-JsGoogle AnalyticsGoogle Font Api
#8
Public · Toronto, Ontario · founded 2005$9.1Mraised▾
Public · Toronto, Ontario · founded 2005
Ventripoint Diagnostics is a medical device company that develops and commercializes its diagnostic tools to monitor patients with heart disease. By using images produced from existing medical imaging systems, the Ventripoint Medical System (VMS), an FDA cleared device, generates heart volumetric measurements and a three-dimensional (3D) model. Its solution produces heart information by processing information received from existing medical imaging equipment with its patented and own methods incorporating Knowledge-Based Reconstruction (KBR) algorithms and own cardiac databases. Its KBR method allows for the creation of a 3D model of the right and/or left ventricle using images generated from existing two-dimensional imaging equipment.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
News
top 18%Product
top 24%Growth
top 25%Partners
top 32%Funding
top 36%Global
top 37%News: 9 BI events in 12 mo (of 46 tracked, 7 types) · +350% YoY · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo
Product: 1 product launch event in 12 mo · 12 distinct product lines · Company stage: Public
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 2k LinkedIn followers
Funding rounds
- Feb 2025Post IPO$60.7K
- Jan 2025Post IPO$117.3K
- Dec 2024Post IPO$239.5K
- Nov 2024Post IPO$13.8K
Tech stack
Core-JsElementorGodaddyGoogle AnalyticsGoogle CloudGoogle Cloud Cdn
#9
Public · Toronto, Ontario · founded 2020 · 3 employees$4.4Mraised▾
Public · Toronto, Ontario · founded 2020 · 3 employees
Provider of an AI and SaaS-based digital health monitoring platform and device for healthcare providers. The company has developed a Health Gauge which assists professionals to monitor patients' health remotely with the help of AI-based technology. The tool has the ability to capture body vitals such as blood pressure, heart rate & HR variability, pulse wave velocity, and more. The AI used in the product can interpret health data on a real-time basis.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Patents
top 19%Innovation
top 22%AI
top 30%Moat
top 32%Product
top 35%Funding
top 37%Patents: 48 patents matched (strict assignee match) · 12 filings since 2022 vs 7 in 2017-21 · Latest publication 2025
Innovation: 48 patents (top 22% of patent-holders) · 12 filings since 2022 vs 7 in 2017-21 · Deep-tech classification: Artificial Intelligence, Tech Hardware
AI: Classified as an AI company · Product described with: ai-based
Funding rounds
- Apr 2025Post IPO$1.5M
- Dec 2024Post IPO$17.1K
- Nov 2024Post IPO$1.1M
- Jun 2024Post IPO$373.8K
#10
Seed · Toronto, Ontario · founded 2020$2Mraised▾
Seed · Toronto, Ontario · founded 2020
Provider of emergency department performance improvement platform for healthcare systems. The platform automates patient intake, triage, and communication to accelerate patient offloads. It streamlines documentation and aims to eliminate administrative tasks for clinical staff. The platform integrates into existing electronic medical record systems. It is designed to enhance workflow and patient experience.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Funding
bottom 48%Global
bottom 48%Talent
bottom 45%Tech
bottom 36%Funding: Raised $2.0M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round Seed (2025)
Global: Investors from 2 countries beyond Canada
Talent: 1 named leader on record
Audience (LinkedIn): 2k LinkedIn followers
Funding rounds
- 2025Seed$1.8M
- Mar 2025Seed—
- Jul 2021Seed$276.9K
Founders & team
Investors
Nimbus Synergies, AQC Capital, Leva Capital, Anges Quebec, Maple Leaf Angels, Capital Angel Network
Tech stack
Amazon SesAmazon Web ServicesCloudflareCloudflare Bot ManagementFancyboxHubspot
#11
Series B · Toronto, Ontario · founded 2016$55.5Mraised▾
Series B · Toronto, Ontario · founded 2016
Provider of a cloud-based medical image sharing platform. The company has developed a web-based medical image sharing platform for healthcare professionals. The solution allows imaging centers to share medical imaging with patients, hospitals, physicians, and more. The doctors can also share images with referred doctors for treatments. The platform allows the inflow of images from patients and hospitals which can be imported into PACS for further use.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 30%Tech
top 35%Talent
top 38%Growth
top 45%Market
bottom 45%Global
bottom 37%Funding: Raised $55.5M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series B (Mar 2024)
Tech: 40 technologies across 4/8 capability areas · Cloud: Azure, Cloudflare · Security: Cloudflare Bot Management, Hsts
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 20k LinkedIn followers — 6.8% of this cohort's audience
Funding rounds
- Mar 2024Series B$33M
- Mar 2022Series A$16M
- Apr 2020Series A$6.5M
Founders & team
Investors
Deloitte, Samsung NEXT, Round13, Radical Ventures, Questa Capital, Ontario Centre of Innovation
Tech stack
AhrefsAmplitudeAngularAzureCloudflareCloudflare Bot Management
#12
Acquired · Toronto, Ontario · founded 2012$29.2Mraised▾
Acquired · Toronto, Ontario · founded 2012
AI-enabled decision support tool for healthcare providers. The company is focused on AI and data science for preventative care to improve healthcare and save lives through early identification and detection of disease. It offers an EMR App ecosystem providing extensive tech enablement for care providers nationally.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Partners
top 14%News
top 22%Product
top 30%Innovation
top 32%Growth
top 37%Talent
top 37%Partners: 7 contract events in 12 mo · Named contractor/client in 7 deals
News: 31 BI events in 12 mo (of 78 tracked, 10 types) · +35% YoY · 9 high-value events (IPO/M&A/funding/contracts) in 12 mo
Product: 4 product launch events in 12 mo, 3 the year before · Company stage: Acquired
Audience (LinkedIn): 7k LinkedIn followers — 2.4% of this cohort's audience
Funding rounds
- May 2024Post IPO$14.7M
- Dec 2023Post IPO$8.7M
- Oct 2023Post IPO$30.4K
- Oct 2023Post IPO$5.8M
Founders & team
Investors
Eight Capital, VRG Capital
Tech stack
AccessibeAnime.JsCloudflareCloudflare Bot ManagementContact Form 7Core-Js
Funding & investor landscape
$1.2Btotal disclosed funding
70companies funded
189disclosed rounds
2rounds last 90 days
Most active investors
Notable founders
Adrian Schauer
Founder & CEO · AlayaCare
Adrian Lam
CEO · CorVista
Duncan Weatherston
CEO · Smile Digital Health
Graeme Downes
Co-Founder · Practice Better
Nathalie Garcia
Co-Founder · Practice Better
Ron Galaev
Founder & CEO · EmergConnect
Harsh Nayyar
Co-Founder & CTO · PocketHealth
Rishi Nayyar
Co-Founder & CEO · PocketHealth
Alexander Dobranowski
CEO · HEALWELL AI
Sheila Wang
Co-Founder · Swift Medical
Justin Allport
Co-Founder& Chief Engineer · Swift Medical
Simon Weisz
President and Co-Founder · Greenspace
Prism market signals · Canada · country-scoped Prism corpus, 282,532 docs
Market landscape — 10 sub-themes by coverage
Share of Healthcare IT coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH IN TORONTO · Health & Bio
How research on Digital Health in Toronto is moving
A read on the academic research around Digital Health in Toronto — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 329 papers.
University of Toronto and peers lead Toronto's digital-health research, focusing predominantly on concern-flagged mobile health and digital mental health policy implementation, with a cautiously contested tone.
329 papers · stance +0.11 · 9% breakthrough · 55% concern
top institutions
- University of Toronto275
- Toronto Metropolitan University34
- Toronto Rehabilitation Institute16
- Unity Health Toronto13
- Toronto General Hospital10
leading researchers
Courtney, Karen · Davison, Kelly · Hedderson, Desmond · James Shaw · Kasaai, Bahar · McMahon, Meghan
prism intelligence · tone & topics
87% positive · 9% critical tone
HealthcareBusinessPolicyGovernmentPublic HealthMental Health
▲
Breakthroughs25 · 8%
▲ 5%→8% share
▲1.6× share momentum0 median citations92% since 2021mostly methods-led
Health informatics research newly emerged with 6 papers, signaling a brand-new breakthrough focus in Toronto digital health.
rising sub-themes (early→recent)
- Health administration1→4
- Health care1→3
Newly emergingHealth informatics 0→6 · Equity (law) 0→3 · Public health 0→3
Landmark Priority setting: what constitutes success? A conceptual framework for successful priority setting · 260 cites
◆
Advancements99 · 30%
▲ 22%→33% share
▲1.5× share momentum0 median citations91% since 2021mostly empirical
Health care advancements intensified sharply — papers rose from 1 to 19, driving segment share from 22% to 33%.
rising sub-themes (early→recent)
- Health care1→19
- Health informatics2→19
- Mental health1→10
- Health administration4→12
- Psychological intervention1→7
Newly emergingPublic health 0→14 · Presentation (obstetrics) 0→7 · Equity (law) 0→7
Landmark Methods for identifying 30 chronic conditions: application to administrative data · 395 cites
▼
Concerns151 · 46%
▼ 62%→43% share
▼0.7× share momentum3 median citations79% since 2021mostly empirical
Concerns are cooling overall (62%->43% share), yet Nursing research papers doubled from 8 to 22, intensifying scrutiny.
rising sub-themes (early→recent)
- Health care6→51
- Public health6→22
- Psychological intervention3→18
- Nursing research8→22
- Health administration11→22
Newly emergingMental health 0→10 · Nursing 0→9 · Coronavirus disease 2019 (COVID-19) 0→7
Landmark A Holistic Framework to Improve the Uptake and Impact of eHealth Technologies · 1,251 cites
Common questions
How many Healthcare IT companies are there in Toronto, Canada?
Radar tracks 270 indexable Healthcare IT companies headquartered in Toronto, Canada that meet our profile-completeness bar.
What is the total funding raised by Healthcare IT companies in Toronto, Canada?
The Healthcare IT companies in Toronto, Canada on this list have raised a combined $1.2B in disclosed equity funding across 70 funded companies.
Which is the highest-funded Healthcare IT company in Toronto, Canada?
AlayaCare is the highest-funded Healthcare IT company in Toronto, Canada, with $274.1M in disclosed equity funding.
How many Healthcare IT companies in Toronto, Canada are funded?
70 of the 270 Healthcare IT companies in Toronto, Canada on this list have disclosed at least one equity funding round.
How many Healthcare IT unicorns are there in Toronto, Canada?
None of the Healthcare IT companies in Toronto, Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Toronto, Canada Healthcare IT companies?
The most active investors in Toronto, Canada Healthcare IT companies on this list include Ontario Centre of Innovation, MaRS Discovery District, UTEST, Ontario Brain Institute, The DMZ.
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.