Radar · HealthTech in Ontario
Best HealthTech Companies in Ontario, Canada
The 1140 best HealthTech companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Canopy Growth.
By Rohit KhannaTrends & Stories
1140companies tracked
$9Bdisclosed funding
1unicorns
310have raised
FLIAR INTELLIGENCE · HEALTHTECH × ONTARIO
Our analysis of 71 HealthTech companies
$9.5b in tracked funding; 81% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
71companies analysed
81%cloud-native stacks
2025funding peak (by rounds)
1unicorns
2016median founding year
567kcombined LinkedIn audience
37%of audience held by top 3
9companies hiring publicly (12 mo)
Ranked: Best HealthTech companies in Ontario
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Canopy Growth Global cannabis company dedicated to improving lives through cannabis products 67Patents top 22%Funding top 24%Innovation top 32%Market top 33% All 12 signals ▾Patentstop 22% Fundingtop 24% Innovationtop 32% Markettop 33% Producttop 35% Moattop 35% Techtop 36% Newstop 37% Talenttop 45% Globaltop 50% Growthbottom 45% Fin. healthbottom 44% Patents: 490 patents matched (strict assignee match) · 181 filings since 2022 vs 307 in 2017-21 Funding: Raised $4.8B across 9 rounds · 9 rounds over 10 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $4.8B | 29 mo ago | Public | 170 | Mark Zekulin Co-Founder | 490 patents Cannabinoid-derived pharmaceuticals, water‑soluble formulations, vaporizer devices, mildew‑resistant cannabis strains | 2 launchs · 2 expansions |
| 2 | Aphria Provider of cannabis-derived nutritional and wellness products 57Funding top 22%Market top 34%Moat top 47%Patents top 48% All 7 signals ▾Fundingtop 22% Markettop 34% Moattop 47% Patentstop 48% Talentbottom 49% Innovationbottom 44% Globalbottom 43% Funding: Raised $536M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) Market: 300 employees (top 13% of HealthTech) rank vs industry peers · Fliar Intelligence Index 57/100 | $536M | 85 mo ago | Public | 300 | Cole Cacciavillani Co-Founder | 3 patents Aerosol atomizer packaging technology for controlled dispensing | — |
| 3 | PointClickCare 🦄 Cloud-based administrative task management tool for providers 87Tech top 18%Market top 25%Product top 25%Moat top 26% All 11 signals ▾Techtop 18% Markettop 25% Producttop 25% Moattop 26% Growthtop 30% Customerstop 30% Fundingtop 32% Newstop 38% AItop 45% Talenttop 49% Globalbottom 37% Tech: 69 technologies across 7/8 capability areas · Cloud: Cloudflare Market: 742 employees (top 7% of HealthTech) · Top-50,000 web property rank vs industry peers · Fliar Intelligence Index 87/100 | $283M | 65 mo ago | Late Stage | 742 | Dave Wessinger Co-Founder & CEO | — | — |
| 4 | 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 | Series D | 92 | Adrian Schauer Founder & CEO | — | — |
| 5 | Fullscript Provider of a supplements dispensing platform for health practitioners 83Tech top 14%Funding top 26%Moat top 31%Growth top 35% All 10 signals ▾Techtop 14% Fundingtop 26% Moattop 31% Growthtop 35% Talenttop 38% Markettop 40% AItop 45% Producttop 46% Globalbottom 37% Newsbottom 21% Tech: 63 technologies across 8/8 capability areas · Cloud: Amazon Ses, Amazon Web Services Funding: Raised $265M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 83/100 | $265M | 13 mo ago | Series B | 251 | Chris Wise Co-Founder | — | 2 launchs |
| 6 | League Provider of SaaS based digital platform to manage employee health benefits 80Tech top 18%Funding top 23%Innovation top 27%Patents top 27% All 12 signals ▾Techtop 18% Fundingtop 23% Innovationtop 27% Patentstop 27% Moattop 31% Growthtop 35% AItop 45% Customerstop 45% Producttop 46% Marketbottom 47% Globalbottom 41% Newsbottom 37% Tech: 72 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Funding: Raised $242M across 5 rounds · 5 rounds over 12 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 80/100 | $242M | 15 mo ago | Series C | 136 | — | 18 patents AI-driven personalized content, activity recommendation, and wearable behavior analytics platforms. | 1 launch · 1 partnership |
| 7 | Deep Genomics AI-powered platform for RNA biology to accelerate genetic therapy discovery 55AI top 22%Moat top 28%Funding top 29%Patents top 33% All 11 signals ▾AItop 22% Moattop 28% Fundingtop 29% Patentstop 33% Innovationtop 39% Talenttop 41% Marketbottom 49% Globalbottom 43% Techbottom 37% Growthbottom 35% Newsbottom 27% AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) Moat: Editorial + unicorn rating 8/10 · IP moat: 92 patents rank vs industry peers · Fliar Intelligence Index 55/100 | $238M | 58 mo ago | Series C | 105 | Brendan Frey Co-Founder & Chief Innovation Officer | 92 patents AI-driven genomic variant analysis and therapeutic design for precision medicine | 6 job openings · 1 expansion |
| 8 | Benchsci Developer of an AI platform for understanding disease biology 78AI top 20%Funding top 25%Talent top 28%Moat top 31% All 11 signals ▾AItop 20% Fundingtop 25% Talenttop 28% Moattop 31% Techtop 32% Innovationtop 35% Producttop 37% Markettop 45% Growthtop 45% Globalbottom 37% Newsbottom 32% AI: Classified as an AI company Funding: Raised $170M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 78/100 | $170M | 36 mo ago | Series D | 426 | Elvis Wianda Co-Founder | — | 1 launch |
| 9 | MediPharm Labs Manufacturer of pharma-quality cannabis API and cannabinoid-based derivative products 40Funding top 26%Talent top 42%News top 44%Moat top 48% All 8 signals ▾Fundingtop 26% Talenttop 42% Newstop 44% Moattop 48% Markettop 49% Globalbottom 44% Techbottom 43% Growthbottom 32% Funding: Raised $160M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 40/100 | $160M | 57 mo ago | Public | 130 | David Pidduck Chief Executive Officer | — | 2 job openings |
| 10 | MedAvail Provider of digital kiosks for automated prescription and medicine dispensing 72Market top 24%Funding top 27%Growth top 34%Fin. health top 38% All 9 signals ▾Markettop 24% Fundingtop 27% Growthtop 34% Fin. healthtop 38% Moattop 38% Globalbottom 48% Patentsbottom 44% Innovationbottom 42% Newsbottom 32% Market: 279 employees (top 14% of HealthTech) · Revenue ~$43.1M Funding: Raised $147M across 5 rounds · 5 rounds over 15 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $147M | 39 mo ago | Deadpooled | 279 | — | 7 patents Automated kiosk dispensing systems for pharmaceuticals and package handling | — |
| 11 | 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 | Series C | 19 | Adrian Lam CEO | — | — |
| 12 | 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 | Series C | — | Adrian Lam CEO & President | — | — |
| 13 | 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 | 330 | Duncan Weatherston CEO | — | 1 launch |
| 14 | 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 | Series B | — | Harsh Nayyar Co-Founder & CTO | — | — |
| 15 | 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 | Series B | 118 | Sheila Wang Co-Founder | 10 patents Medical imaging devices for tissue visualization, especially wound assessment and monitoring. | — |
| 16 | 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 | Series A | 95 | Farnoud Kazemzadeh Co-founder | — | — |
| 17 | Muse Provider of brainwave tracking devices and related premium subscription services 62Funding top 26%Tech top 30%Growth top 35%Innovation top 38% All 10 signals ▾Fundingtop 26% Techtop 30% Growthtop 35% Innovationtop 38% Producttop 39% Moattop 39% Customerstop 50% Talentbottom 49% Marketbottom 46% Globalbottom 38% Funding: Raised $41.0M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) Tech: 54 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud rank vs industry peers · Fliar Intelligence Index 62/100 | $41M | 15 mo ago | Series C | 62 | Jean Fournier CEO | — | 1 award |
| 18 | ACTO Provider of an AI and SaaS-based educational platform for the life science industry 40Funding top 29%Growth top 37%Moat top 39%Product top 40% All 7 signals ▾Fundingtop 29% Growthtop 37% Moattop 39% Producttop 40% Techtop 48% Globalbottom 43% Marketbottom 29% Funding: Raised $39.5M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 40/100 | $40M | 21 mo ago | Series B | 18 | — | — | — |
| 19 | Flosonics Medical Developer of non-invasive hemodynamic monitoring devices 48Funding top 29%Moat top 32%Product top 35%Patents top 39% All 9 signals ▾Fundingtop 29% Moattop 32% Producttop 35% Patentstop 39% Innovationtop 42% Techtop 44% Globalbottom 43% Marketbottom 39% Newsbottom 22% Funding: Raised $39.0M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) Moat: Editorial + unicorn rating 7/10 · IP moat: 22 patents rank vs industry peers · Fliar Intelligence Index 48/100 | $39M | 15 mo ago | Series C | 38 | — | 22 patents Wearable ultrasound flow sensing patches and dynamic fluid control systems for medical applications | 2 job openings · 2 awards |
| 20 | Tetra Bio-Pharma Developer of natural medicinal plant-based elements for treating multiple diseases 32Funding top 26%Talent bottom 49%Market bottom 41%Tech bottom 38% All 6 signals ▾Fundingtop 26% Talentbottom 49% Marketbottom 41% Techbottom 38% Globalbottom 36% Newsbottom 24% Funding: Raised $37.9M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 32/100 | $38M | 39 mo ago | Public | 33 | Andre Audet Co-Founder | — | — |
| 21 | LifeSpeak Cloud-based platform for employee wellness 45Tech top 27%Funding top 30%Innovation top 33%Product top 34% All 11 signals ▾Techtop 27% Fundingtop 30% Innovationtop 33% Producttop 34% Markettop 48% Moattop 48% Talentbottom 41% Customersbottom 38% Globalbottom 32% Newsbottom 28% Growthbottom 22% Tech: 61 technologies across 4/8 capability areas · Cloud: Amazon S3, Amazon Web Services Funding: Raised $31.9M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $32M | 27 mo ago | Public | 158 | Michael Held Founder & CEO | — | — |
| 22 | 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 | Acquired | — | Alexander Dobranowski CEO | — | — |
| 23 | 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 | Series B | 37 | Graeme Downes Co-Founder | — | — |
| 24 | Felix Provider of an online pharmacy for purchasing medicines 67Tech top 24%Funding top 25%Growth top 35%Talent top 38% All 9 signals ▾Techtop 24% Fundingtop 25% Growthtop 35% Talenttop 38% Moattop 39% Producttop 46% Marketbottom 49% Globalbottom 37% Newsbottom 22% Tech: 48 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront Funding: Raised $24.3M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $24M | 7 mo ago | Series C | 50 | Kyle Zien Co-Founder & CEO | — | 7 job openings |
| 25 | FluidAI AI-powered postoperative monitoring device 55Funding top 31%Talent top 38%Moat top 39%AI top 45% All 7 signals ▾Fundingtop 31% Talenttop 38% Moattop 39% AItop 45% Productbottom 48% Marketbottom 44% Globalbottom 38% Funding: Raised $18.5M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 55/100 | $18M | 11 mo ago | Series A | 42 | Amr Abdelgawad Co-Founder & COO | — | 1 job opening · 1 partnership |
| 26 | 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 | Acquired | 48 | — | — | — |
| 27 | 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 | Series A | 42 | — | — | 2 launchs |
| 28 | Intrepid Labs Developer of drug formulation science to accelerate the development of therapeutics 35Market bottom 49%Funding bottom 49%Talent bottom 49%Global bottom 45% All 4 signals ▾Marketbottom 49% Fundingbottom 49% Talentbottom 49% Globalbottom 45% Funding: Raised $11.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 35/100 | $11M | 13 mo ago | Seed | — | Christine Allen Co-Founder and CEO | — | — |
| 29 | Intellijoint Developer of 3D surgical navigation tools for hip and knee replacements 50Growth top 35%Funding top 38%Tech top 50%Talent bottom 49% All 7 signals ▾Growthtop 35% Fundingtop 38% Techtop 50% Talentbottom 49% Marketbottom 48% Moatbottom 38% Globalbottom 36% Growth: Fresh capital in last 24 mo Funding: Raised $11.0M across 4 rounds · 4 rounds over 12 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $11M | 16 mo ago | Series A | 125 | Armen Bakirtzian Co-Founder and CEO | — | 2 partnerships |
| 30 | 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 | Public | — | — | — | — |
| 31 | Scribenote Provider of clinical workflow management software for veterinarians 40AI top 30%Talent top 38%Funding top 44%Tech bottom 49% All 10 signals ▾AItop 30% Talenttop 38% Fundingtop 44% Techbottom 49% Productbottom 48% Growthbottom 47% Marketbottom 37% Globalbottom 33% Newsbottom 18% Customersbottom 6% AI: Classified as an AI company · Product described with: ai-powered Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 40/100 | $8M | 23 mo ago | Series A | — | Katie Gallagher Co-Founder | — | 1 launch |
| 32 | Avicanna Developer of plant-derived cannabinoid-based products 67Growth top 15%News top 24%Funding top 29%Talent top 36% All 10 signals ▾Growthtop 15% Newstop 24% Fundingtop 29% Talenttop 36% Patentstop 37% Moattop 38% Innovationtop 40% Techtop 48% Marketbottom 44% Globalbottom 39% Growth: Fresh capital in last 24 mo News: 12 BI events in 12 mo (of 54 tracked, 9 types) · +140% YoY rank vs industry peers · Fliar Intelligence Index 67/100 | $6M | 4 mo ago | Public | 80 | Aras Azadian Chief Executive Officer | 16 patents Cannabinoid pharmaceutical formulations for neurological, pain, skin, and epilepsy therapies | — |
| 33 | Ryte AI-based platform that provides data about hospitals and doctors 37Moat top 38%AI top 45%Patents top 46%Funding top 49% All 9 signals ▾Moattop 38% AItop 45% Patentstop 46% Fundingtop 49% Innovationtop 50% Talentbottom 45% Marketbottom 42% Techbottom 38% Globalbottom 36% Moat: Editorial + unicorn rating 4/10 · IP moat: 7 patents AI: Product described with: ai-based rank vs industry peers · Fliar Intelligence Index 37/100 | $6M | 15 mo ago | Series A | 95 | Saleh Almenawer Founder & CEO | 7 patents Expert ranking algorithms and telemedicine platforms for healthcare data analytics | — |
| 34 | COSM Provider of devices for women pelvic floor disorder 40Partners top 32%Talent top 42%AI top 45%Funding top 48% All 10 signals ▾Partnerstop 32% Talenttop 42% AItop 45% Fundingtop 48% Moattop 48% Techtop 49% Newsbottom 48% Growthbottom 47% Globalbottom 36% Marketbottom 35% Partners: 2 partnership announcements in 12 mo (2 in 24 mo) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 40/100 | $6M | 12 mo ago | Seed | 34 | Derek Sham Founder & CEO | — | — |
| 35 | 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 | Public | 3 | — | 48 patents Patents concentrated in electrical & electronics | — |
| 36 | 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 | Series A | 29 | — | 4 patents Patents concentrated in computing, sensing & instrumentation | 1 partnership |
| 37 | ProteinQure Provider of computational protein drug design platform 53Talent top 28%AI top 30%Innovation top 36%Product top 36% All 10 signals ▾Talenttop 28% AItop 30% Innovationtop 36% Producttop 36% Moattop 37% Patentstop 38% Fundingtop 46% Techbottom 45% Globalbottom 40% Marketbottom 29% Talent: Analyst team rating 4/5 · 4 named leaders on record AI: Classified as an AI company · Product described with: artificial intelligence rank vs industry peers · Fliar Intelligence Index 53/100 | $4M | 12 mo ago | Series A | 18 | Tomas Babej Cofounder and Chief Technology Officer | 9 patents Protein therapeutics targeting the sortilin receptor and natriuretic peptide delivery systems | 2 job openings |
| 38 | MedMe Health Cloud based pharmacy management software for professionals 42Growth top 35%Funding top 42%Moat top 48%Tech bottom 49% All 8 signals ▾Growthtop 35% Fundingtop 42% Moattop 48% Techbottom 49% Talentbottom 49% Marketbottom 36% Globalbottom 36% Newsbottom 22% Growth: Fresh capital in last 24 mo Funding: Raised $3.7M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $4M | 9 mo ago | Seed | 31 | Nicholas Hui Co-Founder & Chief Product Officer | — | — |
| 39 | Hyivy Health Provider of a pelvic fitness monitoring device for women 40Innovation top 35%Growth top 35%Patents top 37%Moat top 38% All 9 signals ▾Innovationtop 35% Growthtop 35% Patentstop 37% Moattop 38% Techtop 47% Fundingtop 50% Talentbottom 49% Globalbottom 39% Marketbottom 20% Innovation: 12 patents (top 59% of patent-holders) · 12 filings since 2022 vs 0 in 2017-21 Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 40/100 | $3M | 20 mo ago | Seed | 18 | Rachel Bartholomew Founder & CEO | 12 patents Pelvic floor rehabilitation devices and therapeutic systems for colorectal health | — |
| 40 | Cobionix Manufacturer of a robot for performing routine tasks 50AI top 15%Moat top 31%Growth top 35%Patents top 35% All 10 signals ▾AItop 15% Moattop 31% Growthtop 35% Patentstop 35% Innovationtop 36% Talenttop 38% Fundingbottom 46% Techbottom 40% Globalbottom 36% Marketbottom 23% AI: Holds AI/ML patents (G06N-family CPC) Moat: Editorial + unicorn rating 7/10 · IP moat: 15 patents rank vs industry peers · Fliar Intelligence Index 50/100 | $3M | 11 mo ago | Seed | 14 | Tim Lasswell Co-Founder | 15 patents Autonomous robotic platforms for medical imaging, transport, and structural sensing with AI control | — |
| 41 | Predict Medix Inc AI-powered contactless screening solutions for workplace 24News top 25%Product top 35%Moat top 38%Funding top 41% All 7 signals ▾Newstop 25% Producttop 35% Moattop 38% Fundingtop 41% AItop 45% Marketbottom 31% Globalbottom 30% News: 3 BI events in 12 mo (of 21 tracked, 7 types) · +200% YoY Product: 0 product launch events in 12 mo · Company stage: Public rank vs industry peers · Fliar Intelligence Index 24/100 | $3M | 14 mo ago | Public | 11 | — | — | — |
| 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 | Seed | — | Ron Galaev Founder & CEO | — | — |
| 43 | Mystoria Provider of a platform for reproductive health tracking and support 60Growth top 35%Talent top 38%Funding top 41%Tech top 42% All 6 signals ▾Growthtop 35% Talenttop 38% Fundingtop 41% Techtop 42% Productbottom 40% Globalbottom 33% Growth: Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $2M | 1 mo ago | Seed | — | Holly Tiessen Co-Founder & CRO | — | 1 job opening · 1 partnership |
| 44 | 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 | Series B | 66 | Simon Weisz President and Co-Founder | — | — |
| 45 | Steadiwear Designer & manufacturer of healthcare gloves 29Growth top 35%Moat top 38%Tech top 42%Funding bottom 49% All 10 signals ▾Growthtop 35% Moattop 38% Techtop 42% Fundingbottom 49% Talentbottom 49% Productbottom 47% Innovationbottom 40% Globalbottom 39% Patentsbottom 37% Marketbottom 17% Growth: Fresh capital in last 24 mo Moat: Editorial + unicorn rating 4/10 · IP moat: 8 patents rank vs industry peers · Fliar Intelligence Index 29/100 | $1M | 8 mo ago | Seed | 6 | Mark Elias Co-Founder & CEO | 8 patents Wearable tremor‑damping devices for involuntary hand motion control in medical applications | — |
| 46 | Dentronic Developer of robotic arm designed to automate dental assistive tasks 50Talent top 45%Global bottom 48%Funding bottom 47% All 3 signals ▾Talenttop 45% Globalbottom 48% Fundingbottom 47% Talent: 2 named leaders on record Global: Investors from 1 country beyond Canada rank vs industry peers · Fliar Intelligence Index 50/100 | $1M | 3 mo ago | Seed | — | Soy Choi Co-Founder | — | — |
| 47 | Realize Medical Developer of VR platform for creating 3D medical models 10Talent bottom 49%Funding bottom 43%Global bottom 32%Market bottom 24% All 4 signals ▾Talentbottom 49% Fundingbottom 43% Globalbottom 32% Marketbottom 24% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $1.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 10/100 | $1M | 18 mo ago | Seed | 10 | Justin Sutherland Co-Founder & CEO | — | 2 job openings · 2 launchs |
| 48 | VoxNeuro Developer of brain injury and concussion assessment system 22Talent top 38%Moat top 45%Patents top 48%Funding bottom 49% All 9 signals ▾Talenttop 38% Moattop 45% Patentstop 48% Fundingbottom 49% Innovationbottom 48% Globalbottom 37% Marketbottom 33% Techbottom 27% Newsbottom 22% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Moat: Editorial + unicorn rating 5/10 · IP moat: 5 patents rank vs industry peers · Fliar Intelligence Index 22/100 | $707K | 15 mo ago | Series A | 22 | Kimberly Elliott Co-Founder & Chief Operating Officer | 5 patents Digital interfaces for administering and managing neurocognitive assessment tools | — |
| 49 | Clincove AI-powered clinical trial management platform designed to streamline and accelerate Phase I–III studies 40AI top 45%Talent top 45%Funding bottom 41%Global bottom 33% All 4 signals ▾AItop 45% Talenttop 45% Fundingbottom 41% Globalbottom 33% AI: Product described with: ai-powered Talent: 2 named leaders on record rank vs industry peers · Fliar Intelligence Index 40/100 | $500K | 8 mo ago | Seed | — | Michael Sousa Chief Technology Officer | — | 2 launchs |
| 50 | StokedBio Developer of therapeutics based on AI technology 45Talent top 28%AI top 45%Funding top 46%Market bottom 37% All 5 signals ▾Talenttop 28% AItop 45% Fundingtop 46% Marketbottom 37% Globalbottom 29% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated AI: Product described with: ai-based rank vs industry peers · Fliar Intelligence Index 45/100 | $366K | 1 mo ago | Seed | — | Chris Sinclair Co-Founder | — | — |
Top 12 HealthTech companies in Ontario
#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 — 11.3% 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 B · Ottawa, Ontario · founded 1995 · 251 employees$265Mraised▾
Series B · Ottawa, Ontario · founded 1995 · 251 employees
Fullscript is a software platform for dispensing professional-grade nutraceuticals and supplements. It allows health practitioners to prescribe and dispense supplements (online or in person.) from a catalog of health products from different professional brands. Also, allows them to send personalized product recommendations directly to patients via email or SMS. The system can also be integrated with the users existing EHR system for data access.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Tech
top 14%Funding
top 26%Moat
top 31%Growth
top 35%Talent
top 38%Market
top 40%Tech: 63 technologies across 8/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Nginx, Varnish
Funding: Raised $265M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) · Last round PE (May 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
Audience (LinkedIn): 25k LinkedIn followers — 4.4% of this cohort's audience
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- May 2025PE—
- Nov 2021PE$240M
- May 2019Series B$25M
Founders & team
Investors
Kayne Anderson Capital Advisors, Kayne Anderson, Snapdragon Capital Partners, HGGC, Leonard Green and Partners, VentureOut
Tech stack
AdaAmazon SesAmazon Web ServicesAppcuesApple Icloud MailCart Functionality
#5
Series C · Toronto, Ontario · founded 2014 · 136 employees$242Mraised▾
Series C · Toronto, Ontario · founded 2014 · 136 employees
League provides a SaaS-based digital platform for employee health benefits. The platform gives employers tools to easily manage their benefits program and deliver healthcare services for employees. The web-based app gives the ability to create personal health spending accounts and tracks employee utilization. It also gives customized offerings for employees, delivered on-site by the best health professionals in the business.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Tech
top 18%Funding
top 23%Innovation
top 27%Patents
top 27%Moat
top 31%Growth
top 35%Tech: 72 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Observability: Sentry
Funding: Raised $242M across 5 rounds · 5 rounds over 12 yrs (0.4/yr) · Last round Series C (Feb 2025)
Innovation: 18 patents (top 28% of patent-holders) · 13 filings since 2022 vs 3 in 2017-21
Audience (LinkedIn): 55k LinkedIn followers — 9.6% of this cohort's audience
Activity (LinkedIn): 1 product launches · 1 partnerships (incl. Amwell) announced in 12 mo
Funding rounds
- Feb 2025Series C—
- Feb 2022Series C$95M
- Dec 2021Series C$70M
- Oct 2019Series B—
Investors
TDM Growth Partners, Workday Ventures, BDC, Manulife, OMERS, Royal Bank of Canada
Tech stack
Amazon S3Amazon Web ServicesCloudflareCloudflare Bot ManagementCore-JsDemandbase
#6
Series C · Toronto, Ontario · founded 2019 · 50 employees$24.3Mraised▾
Series C · Toronto, Ontario · founded 2019 · 50 employees
Provider of an online pharmacy for purchasing medicines. The platform allows users to order prescribed medicines online and can get the medicines delivered to their doorstep. It offers medication for various diseases like birth control, erectile dysfunction, acne, hair loss, and many more.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Tech
top 24%Funding
top 25%Growth
top 35%Talent
top 38%Moat
top 39%Product
top 46%Tech: 48 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront · Devops: Nginx
Funding: Raised $24.3M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) · Last round Series C (Oct 2025)
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 15k LinkedIn followers — 2.7% of this cohort's audience
Hiring (LinkedIn): 7 hiring posts in 12 mo (public) · momentum +7 · hiring: Staff Pharmacist, Product Engineer
Funding rounds
- Oct 2025Series C$53M
- Apr 2023Series B$13.4M
- Dec 2020Series A$7.8M
- Nov 2019Seed$2.5M
Founders & team
Investors
BDC, Canadian Business Growth Fund, Whitecap Venture Partners, Mantella Venture Partners, Grassfed Ventures, H Venture Partners
Tech stack
AdrollAdroll Cmp SystemAmazon CloudfrontAmazon Web ServicesApple Icloud MailBootstrap
#7
Public · Toronto, Ontario · founded 2016 · 80 employees$5.9Mraised▾
Public · Toronto, Ontario · founded 2016 · 80 employees
Developer of plant-derived cannabinoid-based products. The company develops advanced cannabinoid formulations and delivery mechanisms for medical applications and consumer products. It markets its cannabinoid-based solutions to a range of channels and markets including derma-cosmetics, phytotherapeutics, and pharmaceutical solutions.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Growth
top 15%News
top 24%Funding
top 29%Talent
top 36%Patents
top 37%Moat
top 38%Growth: Fresh capital in last 24 mo
News: 12 BI events in 12 mo (of 54 tracked, 9 types) · +140% YoY · Top themes: Leadership, Earnings
Funding: Raised $5.9M across 19 rounds · 19 rounds over 9 yrs (2.1/yr) · Last round Post IPO (Feb 2026)
Funding rounds
- Feb 2026Post IPO$1.1M
- Jul 2025Post IPO$729.7K
- Nov 2024Post IPO$573.3K
- Aug 2024Post IPO$1.5M
Founders & team
Investors
Tasly, Orthogonal Thinker, Barn Invest
Tech stack
WordpressMysqlPhpApache Http Server
#8
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
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
#9
Public · Smiths Falls, Ontario · founded 2013 · 170 employees$4.8Braised▾
Public · Smiths Falls, Ontario · founded 2013 · 170 employees
Global cannabis company dedicated to improving lives through cannabis products. Focused on unlocking the power of cannabis, the company offers high-quality products with best-in-class cannabinoid effects. Rooted in the belief that cannabis can enhance every moment, they are redefining experiences and demonstrating the true potential of this powerful plant. The company is committed to personal wellness, fostering economic opportunity, and striving towards social justice. They aim to serve as a new model for a transformational industry, building an organization made with intention and defined by purpose. The leadership team leverages extensive experience from various industries to innovate and create long-term value for consumers, employees, and shareholders.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Patents
top 22%Funding
top 24%Innovation
top 32%Market
top 33%Product
top 35%Moat
top 35%Patents: 490 patents matched (strict assignee match) · 181 filings since 2022 vs 307 in 2017-21 · Latest publication 2026
Funding: Raised $4.8B across 9 rounds · 9 rounds over 10 yrs (0.9/yr) · Last round Post IPO (Jan 2024)
Innovation: 490 patents (top 1% of patent-holders) · 181 filings since 2022 vs 307 in 2017-21
Audience (LinkedIn): 92k LinkedIn followers — 16.3% of this cohort's audience · 57 engagements/post (1.6× cohort median)
Activity (LinkedIn): 2 product launches · 2 expansions announced in 12 mo
Funding rounds
- Jan 2024Post IPO$35M
- Feb 2023Post IPO—
- May 2020Post IPO$176.3M
- Aug 2018Post IPO$4B
Founders & team
Investors
Constellation Brands, TMX Group, Dundee Securities, Stifel, INFOR Financial Group, M Partners
Tech stack
Amazon AlbAmazon SesAmazon Web ServicesApple Icloud MailBootstrapCloudflare
#10
Seed · Kitchener, Ontario · founded 2024$2Mraised▾
Seed · Kitchener, Ontario · founded 2024
Provider of a platform for reproductive health tracking and support. It offers a timeline to record appointments, results, and symptoms related to reproductive health. The platform aims to help individuals understand their health history and prepare for medical consultations. It also provides access to trained professionals for additional support.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Growth
top 35%Talent
top 38%Funding
top 41%Tech
top 42%Product
bottom 40%Global
bottom 33%Growth: Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $2.0M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Seed (May 2026)
Audience (LinkedIn): 2k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Growth Product Manager, Full Stack Engineer
Activity (LinkedIn): 1 partnerships (incl. myStoria) announced in 12 mo
Funding rounds
- May 2026Seed$365.5K
- Mar 2026Seed$1.6M
Founders & team
Investors
Graphite Ventures, Conexus Venture Capital, Ontario Canada
Tech stack
CloudflareCloudflare Bot ManagementCookiebotCore-JsFacebook PixelGoogle Analytics
#11
Series A · Kitchener, Ontario · founded 2014 · 42 employees$18.5Mraised▾
Series A · Kitchener, Ontario · founded 2014 · 42 employees
AI-powered postoperative monitoring device. It offers stream platform that consists of origin and delta for continuously and non-invasively analyzes postoperative wound drainage. It provides systems utilizing electronic health record information and data from proprietary hardware to predict the risk of postoperative complications. It offers real-time continuous monitoring of biochemical composition of fluid. The company delivers insights at critical points in patient care.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 31%Talent
top 38%Moat
top 39%AI
top 45%Product
bottom 48%Market
bottom 44%Funding: Raised $18.5M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) · Last round Grant (prize money) (Jul 2025)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Moat: Editorial + unicorn rating 7/10 · 6 curated direct competitors tracked
Audience (LinkedIn): 9k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Frontier Deployed Engineer, Product Engineer
Activity (LinkedIn): 1 partnerships (incl. Qaelon Medical) announced in 12 mo
Funding rounds
- Jul 2025Grant (prize money)$2M
- Oct 2023Series A$15M
- Apr 2021Seed$2.6M
- Aug 2020Seed$60K
Founders & team
Investors
SOSV, Graphene Ventures, OneValley, NorthSpring Capital Partners, Boutique Venture Partners, Threshold Impact
#12
Series C · Toronto, Ontario · founded 2007 · 62 employees$41Mraised▾
Series C · Toronto, Ontario · founded 2007 · 62 employees
Provider of brainwave tracking devices and related premium subscription services. The company offers devices that measure brain activity, heart rate, breath, and body movement. Data is tracked via application to improve focus, reduce stress, and enhance self-awareness. The devices use sensors to detect brain activity and provide biofeedback to optimize mental performance.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 26%Tech
top 30%Growth
top 35%Innovation
top 38%Product
top 39%Moat
top 39%Funding: Raised $41.0M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) · Last round Series C (Feb 2025)
Tech: 54 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud · Observability: Sentry
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 12k LinkedIn followers — 2.2% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Feb 2025Series C$173.3K
- Nov 2024Series C$201.6K
- Aug 2022Series C$9.5M
- Jan 2018Series B$1.3M
Founders & team
Investors
ff Venture Capital, BDC, Export Development Canada, Phyto Partners, Iter Investments, CHOC
Tech stack
Apple PayBootstrapChargebeeClevertapCloudflareConvert
Funding & investor landscape
$9Btotal disclosed funding
249companies funded
602disclosed rounds
4rounds last 90 days
Most active investors
Notable founders
Adrian Schauer
Founder & CEO · AlayaCare
Adrian Lam
CEO · CorVista
Chris Wise
Co-Founder · Fullscript
Brad Dyment
Co-Founder @ Fullscript · Fullscript
Kyle Zien
Co-Founder & CEO · Felix
Emma Stern
Co-Founder & COO · Felix
Aras Azadian
Chief Executive Officer · Avicanna
Mark Zekulin
Co-Founder · Canopy Growth
Holly Tiessen
Co-Founder & CRO · Mystoria
Jessica Chalk
Founder and CEO · Mystoria
Amr Abdelgawad
Co-Founder & COO · FluidAI
Youssef Helwa
Co-Founder & CEO · FluidAI
Prism market signals · Canada · country-scoped Prism corpus, 294,048 docs
Market landscape — 10 sub-themes by coverage
Share of HealthTech coverage by sub-theme.
Regulatory-risk over time flat
Funding & growth over time
funding rising · growth rising
RESEARCH IN ONTARIO · Health & Bio
How research on Digital Health in Ontario is moving
A read on the academic research around Digital Health in Ontario — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 144 papers.
Ontario's Public Health Ontario, CHEO, and Ontario Tech lead digital-health research—dominated by telehealth and policy implementation—with a cautious, concern-heavy tone (71 concern vs. 13 breakthrough papers).
144 papers · stance +0.08 · 11% breakthrough · 58% concern
top institutions
- Public Health Ontario89
- Children\'s Hospital of Eastern Ontario16
- Ontario Tech University10
- Cancer Care Ontario8
- Ontario Institute for Cancer Research6
leading researchers
Hsiu-Ju Chang · Ihoghosa Iyamu · Aaron Yu · André Kushniruk · Francisco Ibáñez-Carrasco · James Shaw
prism intelligence · tone & topics
82% positive · 13% critical tone
HealthcarePolicyPublic HealthGovernmentBusinessData Science
▲
Breakthroughs13 · 9%
▲ 0%→11% share
0 median citations100% since 2021mostly methods-led
Health informatics research is newly emerging as a breakthrough segment — jumping from 0% to 11% field-share with 5 new papers.
rising sub-themes (early→recent)
- Health informatics5
- Mental health4
- Telehealth2
- Analytics2
- Workflow1
Newly emergingHealth informatics 0→5 · Mental health 0→4
Landmark Electronic health records identify timely trends in childhood mental health conditions · 12 cites
◆
Advancements39 · 27%
▼ 36%→27% share
▼0.8× share momentum1 median citations85% since 2021mostly empirical
Public health advancement research is rising — papers grew from 1 to 5 as eHealth and Nursing sub-topics newly entered the segment.
rising sub-themes (early→recent)
- Public health1→5
- Health informatics3→6
- Health administration2→5
- Nursing research1→3
- Psychological intervention1→3
Newly emergingHealth care 0→6 · eHealth 0→3 · Nursing 0→3
Landmark Enhancing health care equity with Indigenous populations: evidence-based strategies from an ethnographic study · 350 cites
▼
Concerns71 · 49%
▼ 57%→47% share
▼0.8× share momentum2 median citations80% since 2021mostly empirical
Health care concern research is intensifying — papers surged from 1 to 21, with Health equity and mHealth newly flagged as concern sub-topics.
rising sub-themes (early→recent)
- Health care1→21
- Nursing research3→16
- Health administration4→16
- Public health4→16
- Health informatics6→17
Newly emergingHealth equity 0→5 · mHealth 0→5 · Mental health 0→4
Landmark Blockchain Technology in Healthcare: A Systematic Review · 1,061 cites
Common questions
How many HealthTech companies are there in Ontario, Canada?
Radar tracks 1140 indexable HealthTech companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by HealthTech companies in Ontario, Canada?
The HealthTech companies in Ontario, Canada on this list have raised a combined $9B in disclosed equity funding across 249 funded companies.
Which is the highest-funded HealthTech company in Ontario, Canada?
Canopy Growth is the highest-funded HealthTech company in Ontario, Canada, with $4.8B in disclosed equity funding.
How many HealthTech companies in Ontario, Canada are funded?
249 of the 1140 HealthTech companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many HealthTech unicorns are there in Ontario, Canada?
1 HealthTech company in Ontario, Canada on this list is valued at $1B or more.
Who are the top investors in Ontario, Canada HealthTech companies?
The most active investors in Ontario, Canada HealthTech companies on this list include Ontario Centre of Innovation, Accelerator Centre, MaRS Discovery District, Velocity, Ontario Brain Institute.
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.