Radar · High Tech in Ontario
Best High Tech Companies in Ontario, Canada
The 1110 best High Tech companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Cohere.
By Rohit KhannaTrends & Stories
1110companies tracked
$8.1Bdisclosed funding
6unicorns
338have raised
FLIAR INTELLIGENCE · HIGH TECH × ONTARIO
Our analysis of 81 High Tech companies
$6.8b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
81companies analysed
96%cloud-native stacks
2025funding peak (by rounds)
8unicorns
2017median founding year
927kcombined LinkedIn audience
47%of audience held by top 3
7companies hiring publicly (12 mo)
Ranked: Best High Tech companies in Ontario
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Cohere 🦄 Developer of enterprise AI platform and multilingual language and retrieval models 90Funding top 14%AI top 18%Tech top 21%Moat top 28% All 10 signals ▾Fundingtop 14% AItop 18% Techtop 21% Moattop 28% Talenttop 28% Innovationtop 33% Patentstop 34% Globaltop 34% Markettop 37% Growthtop 45% Funding: Raised $970M across 6 rounds · 6 rounds over 5 yrs (1.2/yr) AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) rank vs industry peers · Fliar Intelligence Index 90/100 | $970M | 8 mo ago | 44 | Nick Frosst Co-Founder | SanitySentryApple iCloud Mail+34 | 18 patents Efficient training and compression techniques for large transformer language models | 1 partnership · 1 expansion |
| 2 | Bitfarms Cloud mining solutions for cryptocurrency 76Funding top 12%Growth top 35%Tech top 36%Talent top 37% All 8 signals ▾Fundingtop 12% Growthtop 35% Techtop 36% Talenttop 37% Newstop 39% Markettop 41% Globaltop 46% Moattop 48% Funding: Raised $855M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) Growth: 11 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 76/100 | $855M | 7 mo ago | 140 | Bonta Nicolas Founder & Chairman at Bitfarms | DrupalApple iCloud MailMicrosoft 365+31 | — | — |
| 3 | Amp Developer of renewable energy assets, battery storage, and digital energy platforms 55Product top 26%Funding top 29%Growth top 30%Talent top 35% All 12 signals ▾Producttop 26% Fundingtop 29% Growthtop 30% Talenttop 35% Moattop 37% AItop 45% Globalbottom 47% Marketbottom 42% Techbottom 40% Innovationbottom 39% Patentsbottom 35% Newsbottom 27% Product: 11 distinct product lines · Company stage: Acquired Funding: Raised $528M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $528M | 52 mo ago | 41 | David Rogers Founder & CEO | HubSpot CMS HubBootstrapIsotope+17 | 8 patents Coordinated multi-device streaming and playback synchronization for digital audio/video content | — |
| 4 | Tenstorrent 🦄 Developer of hardware and open-source software for artificial intelligence acceleration 90Funding top 20%Patents top 25%Moat top 25%Innovation top 28% All 12 signals ▾Fundingtop 20% Patentstop 25% Moattop 25% Innovationtop 28% Talenttop 28% AItop 30% Markettop 31% Producttop 31% Globaltop 34% Growthtop 35% Techtop 41% Newsbottom 24% Funding: Raised $485M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) Patents: 100 patents matched (strict assignee match) · 60 filings since 2022 vs 40 in 2017-21 rank vs industry peers · Fliar Intelligence Index 90/100 | $485M | 18 mo ago | 350 | Ivan Hamer Co-Founder | SanityCart FunctionalityTurbopack+18 | 100 patents Patents concentrated in computing, sensing & instrumentation | 2 launchs |
| 5 | Miovision Developer of traffic management software and intelligent transportation hardware systems 80AI top 15%Funding top 24%Tech top 27%Moat top 31% All 11 signals ▾AItop 15% Fundingtop 24% Techtop 27% Moattop 31% Growthtop 32% Markettop 41% Innovationtop 43% Talentbottom 49% Patentsbottom 48% Globalbottom 47% Newsbottom 21% AI: Holds AI/ML patents (G06N-family CPC) Funding: Raised $307M across 7 rounds · 7 rounds over 15 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 80/100 | $307M | 38 mo ago | 384 | Tony B. Co-Founder | WordPressMySQLPHP+44 | 15 patents Intelligent transportation analytics and video compression technologies for traffic management | 1 launch |
| 6 | Xanadu 🦄 Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications 84Funding top 12%Moat top 26%Growth top 28%AI top 35% All 8 signals ▾Fundingtop 12% Moattop 26% Growthtop 28% AItop 35% Talenttop 35% Markettop 38% Techtop 38% Globalbottom 39% Funding: Raised $250M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 84/100 | $250M | 3 mo ago | 188 | Christian Weedbrook Founder & CEO | DrupalPHPYouTube+23 | — | 1 job opening · 1 partnership |
| 7 | Ada 🦄 AI platform for text based customer support 87AI top 20%Funding top 23%Moat top 26%Tech top 27% All 9 signals ▾AItop 20% Fundingtop 23% Moattop 26% Techtop 27% Markettop 33% Growthtop 35% Talenttop 38% Globalbottom 39% Newsbottom 21% AI: Classified as an AI company Funding: Raised $200M across 5 rounds · 5 rounds over 10 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 87/100 | $200M | 15 mo ago | 394 | David Hariri Co-Founder | SanitySentryWistia+24 | — | 1 job opening |
| 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 | 426 | Elvis Wianda Co-Founder | HubSpot CMS HubSalesforceFacebook Login+20 | — | 1 launch |
| 9 | Figment 🦄 Online platform for the staking solution 76Funding top 20%Moat top 26%Talent top 28%Tech top 34% All 8 signals ▾Fundingtop 20% Moattop 26% Talenttop 28% Techtop 34% Growthtop 37% Markettop 39% Globalbottom 48% Newsbottom 42% Funding: Raised $165M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 76/100 | $165M | 8 mo ago | 120 | Ryan Funduk Co-Founder | WordPress Block EditorElementorWordPress+44 | — | 1 partnership · 1 award |
| 10 | Ideogram AI text-to-image generation tool 74AI top 20%Moat top 22%Funding top 32%Tech top 32% All 9 signals ▾AItop 20% Moattop 22% Fundingtop 32% Techtop 32% Talenttop 38% Markettop 44% Growthtop 45% Globalbottom 37% Newsbottom 22% AI: Classified as an AI company Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 74/100 | $96M | 27 mo ago | — | Mohammad Norouzi Co-Founder & CEO | Facebook LoginApple Sign-inMUI+18 | — | 2 launchs |
| 11 | Speedbot Provider of 3D vision and robotics for inspection and measurement in multiple industries 69Funding top 26%Market top 31%Talent top 38%Global bottom 36% All 4 signals ▾Fundingtop 26% Markettop 31% Talenttop 38% Globalbottom 36% Funding: Raised $74.6M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) Market: 300 employees (top 7% of High Tech) rank vs industry peers · Fliar Intelligence Index 69/100 | $75M | 9 mo ago | 300 | Wen Yang Co-CEO | — | — | — |
| 12 | Axelar 🦄 Online platform for cross-chain communication for web3 62Funding top 26%Moat top 26%Growth top 35%Talent top 38% All 7 signals ▾Fundingtop 26% Moattop 26% Growthtop 35% Talenttop 38% Markettop 47% Techtop 50% Globalbottom 38% Funding: Raised $63.8M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 62/100 | $64M | 15 mo ago | 50 | Georgios Vlachos Co-Founder | WebflowRiveIntercom+19 | — | — |
| 13 | CryptoStar Hardware-based cryptocurrency mining solutions 40Funding top 24%Talent bottom 49%News bottom 36%Global bottom 29% All 4 signals ▾Fundingtop 24% Talentbottom 49% Newsbottom 36% Globalbottom 29% Funding: Raised $46.2M across 9 rounds · 9 rounds over 7 yrs (1.3/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 40/100 | $46M | 5 mo ago | — | David Jellins CEO | — | — | — |
| 14 | Boosted Developer of AI platform for investment research and analysis workflows 57AI top 20%Funding top 32%Talent top 38%Moat top 39% All 9 signals ▾AItop 20% Fundingtop 32% Talenttop 38% Moattop 39% Growthtop 45% Techbottom 46% Marketbottom 41% Globalbottom 39% Newsbottom 27% AI: Classified as an AI company Funding: Raised $43.0M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $43M | 18 mo ago | 78 | Nicholas Abe Co-Founder & COO | WebflowPostHogLinkedin Insight Tag+17 | — | — |
| 15 | 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 | 62 | Jean Fournier CEO | ShopifyBootstrapRevy+35 | — | 1 award |
| 16 | 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 | 38 | — | WordPressApple iCloud MailGoogle Workspace+37 | 22 patents Wearable ultrasound flow sensing patches and dynamic fluid control systems for medical applications | 2 job openings · 2 awards |
| 17 | Equispheres Manufacturer of metal powders for additive manufacturing and cold spray applications 40Funding top 33%Product top 35%Moat top 37%Innovation top 38% All 10 signals ▾Fundingtop 33% Producttop 35% Moattop 37% Innovationtop 38% Patentstop 39% Talentbottom 49% Techbottom 47% Globalbottom 40% Marketbottom 33% Newsbottom 27% Funding: Raised $36.5M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) Product: 3 distinct product lines · Company stage: Series B rank vs industry peers · Fliar Intelligence Index 40/100 | $37M | 25 mo ago | 30 | Kevin Nicholds Co-Founder & CEO | WordPressApple iCloud MailMicrosoft 365+26 | 20 patents Low‑impurity metal powder production and alloy design for additive manufacturing | — |
| 18 | Parity Platform for reducing energy consumption 48Product top 30%Funding top 32%Innovation top 34%Talent top 38% All 9 signals ▾Producttop 30% Fundingtop 32% Innovationtop 34% Talenttop 38% Moattop 39% Techbottom 45% Marketbottom 36% Globalbottom 36% Newsbottom 21% Product: 6 distinct product lines · Company stage: Series B Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $36M | 24 mo ago | 23 | Brian MacLeod Co-Founder | — | — | 1 expansion |
| 19 | Borderless AI Provider of employer of record, contractor management, and global payroll services 55Funding top 35%Growth top 35%Tech top 38%News top 43% All 8 signals ▾Fundingtop 35% Growthtop 35% Techtop 38% Newstop 43% Talenttop 44% Globaltop 45% Productbottom 40% Marketbottom 37% Funding: Raised $27.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 55/100 | $27M | 17 mo ago | — | Sean Aggarwal Co-Founder & Chairman | WebflowGoogle Sign-inReact+24 | — | 1 launch |
| 20 | Class8 Provider of AI-powered truck dispatch and freight management solutions 53Talent top 23%AI top 35%Funding top 37%Tech top 49% All 7 signals ▾Talenttop 23% AItop 35% Fundingtop 37% Techtop 49% Globalbottom 48% Productbottom 48% Marketbottom 30% Talent: 5 named leaders on record · 5 C-suite/founder profiles curated AI: Product described with: ai-powered, artificial intelligence rank vs industry peers · Fliar Intelligence Index 53/100 | $22M | 18 mo ago | — | Josh Keller Co-Founder | WebflowAmazon Web ServicesGSAP+22 | — | — |
| 21 | AXIBO AI-based camera motion control systems provider 37Talent top 38%Funding top 40%Growth top 45%AI top 45% All 7 signals ▾Talenttop 38% Fundingtop 40% Growthtop 45% AItop 45% Techbottom 37% Marketbottom 29% Globalbottom 25% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $20.7M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $21M | 13 mo ago | — | Reiner Schmidt Co-Founder | WebflowGSAPjsDelivr+10 | — | — |
| 22 | Mosaic Manufacturing Provider of fused deposition modelling technology-based multi-material 3D printers 60Tech top 23%Talent top 34%Funding top 39%Growth top 45% All 7 signals ▾Techtop 23% Talenttop 34% Fundingtop 39% Growthtop 45% Markettop 50% Globalbottom 37% Newsbottom 18% Tech: 65 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare Talent: Analyst team rating 4/5 · 2 named leaders on record rank vs industry peers · Fliar Intelligence Index 60/100 | $21M | 20 mo ago | 88 | Chris Labelle Co-Founder & COO | WordPressMySQLPHP+31 | — | 1 partnership |
| 23 | Base Two Developer of an AI platform for manufacturing process optimization and control 60AI top 20%Talent top 28%Funding top 34%Growth top 35% All 9 signals ▾AItop 20% Talenttop 28% Fundingtop 34% Growthtop 35% Moattop 39% Techtop 46% Globalbottom 39% Marketbottom 29% Newsbottom 18% AI: Classified as an AI company Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $17M | 20 mo ago | 20 | Tawfeeq Gaffoor Co-Founder & CTO | WebflowApple iCloud MailGoogle Workspace+25 | — | 1 partnership |
| 24 | Swap Robotics RaaS-based multi-utility solutions provider 45Growth top 35%Moat top 35%Funding top 38%Talent top 38% All 7 signals ▾Growthtop 35% Moattop 35% Fundingtop 38% Talenttop 38% Techbottom 46% Marketbottom 37% Globalbottom 36% Growth: Fresh capital in last 24 mo Moat: Editorial + unicorn rating 7/10 · 4 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 45/100 | $16M | 12 mo ago | 37 | Adonis Mansour Co-Founder | Wix eCommerceWixSentry+12 | — | — |
| 25 | Augmenta AI Developer of automated electrical design platform for clash-free conduit routing 62AI top 18%Talent top 28%Patents top 32%Moat top 37% All 11 signals ▾AItop 18% Talenttop 28% Patentstop 32% Moattop 37% Innovationtop 38% Fundingtop 41% Growthtop 45% Techbottom 45% Globalbottom 43% Marketbottom 40% Newsbottom 21% AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 62/100 | $16M | 15 mo ago | 35 | Massimiliano Moruzzi Co-Founder | Webflowcore-jsjQuery+12 | 11 patents AI-driven motion control, CAD routing optimization, and metal‑polymer composite manufacturing | 2 launchs |
| 26 | Blumind Developer of all-analog AI neural network architecture for edge applications 53AI top 25%Innovation top 31%Patents top 34%Funding top 35% All 9 signals ▾AItop 25% Innovationtop 31% Patentstop 34% Fundingtop 35% Talenttop 38% Growthtop 45% Globalbottom 44% Techbottom 41% Marketbottom 23% AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) Innovation: 21 patents (top 51% of patent-holders) · 21 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 53/100 | $14M | 14 mo ago | 12 | Niraj Mathur Co-Founder & CEO | Craft CMSPHPYii+13 | 21 patents Low-power analog front‑ends and transistor‑based neural network hardware for vision/audio AI | 1 job opening |
| 27 | Alexi Provider of an AI platform for legal research, drafting, and analysis 69AI top 30%Tech top 31%Growth top 35%Funding top 37% All 9 signals ▾AItop 30% Techtop 31% Growthtop 35% Fundingtop 37% Talenttop 38% Moattop 39% Globalbottom 43% Marketbottom 42% Newsbottom 18% AI: Classified as an AI company · Product described with: artificial intelligence Tech: 46 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 69/100 | $11M | 16 mo ago | 40 | Samarth Bhasin Co-Founder & CTO | WebflowSentryWistia+27 | — | — |
| 28 | Boardy Provider of an AI platform connecting professionals to various opportunities 67AI top 20%Growth top 35%Tech top 35%Talent top 38% All 7 signals ▾AItop 20% Growthtop 35% Techtop 35% Talenttop 38% Fundingtop 39% Globalbottom 48% Marketbottom 37% AI: Classified as an AI company Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 67/100 | $11M | 17 mo ago | — | Abhinav Boyed Co-Founder | WebflowGSAPAmazon Web Services+21 | — | — |
| 29 | Mappedin Provider of an indoor mapping platform 67AI top 15%Tech top 32%Moat top 32%Funding top 35% All 13 signals ▾AItop 15% Techtop 32% Moattop 32% Fundingtop 35% Growthtop 35% Patentstop 44% Newstop 45% Partnerstop 45% Producttop 49% Markettop 50% Innovationbottom 49% Talentbottom 49% Globalbottom 39% AI: Holds AI/ML patents (G06N-family CPC) Tech: 31 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 67/100 | $10M | 2 mo ago | 95 | Hongwei Liu Co-Founder & CEO | Three.jsReactstyled-components+19 | 42 patents Indoor mapping and wayfinding tools for automated floorplan generation and navigation | 1 launch · 1 partnership |
| 30 | Genecis Developer of onsite food waste management systems 35Funding top 34%Moat top 48%Product top 49%Innovation bottom 46% All 8 signals ▾Fundingtop 34% Moattop 48% Producttop 49% Innovationbottom 46% Techbottom 46% Marketbottom 42% Globalbottom 39% Newsbottom 18% Funding: Raised $10.3M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) Moat: Editorial + unicorn rating 5/10 · 10 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 35/100 | $10M | 12 mo ago | 49 | — | Cart FunctionalitySquarespace CommerceSquarespace+15 | — | — |
| 31 | Brickeye Provider of construction risk mitigation platform integrating IoT and data analytics 37Funding top 33%Talent top 38%Product top 42%Moat bottom 45% All 6 signals ▾Fundingtop 33% Talenttop 38% Producttop 42% Moatbottom 45% Marketbottom 40% Globalbottom 36% Funding: Raised $10.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $10M | 4 mo ago | — | Anthony Fernando Co-Founder | — | — | — |
| 32 | BinSentry Provider of AI-powered feed management system optimizing animal feed supply chains 80News top 20%Growth top 25%Global top 28%Talent top 28% All 12 signals ▾Newstop 20% Growthtop 25% Globaltop 28% Talenttop 28% AItop 30% Fundingtop 33% Patentstop 37% Moattop 37% Innovationtop 38% Producttop 45% Techtop 46% Marketbottom 47% News: 9 BI events in 12 mo (of 15 tracked, 4 types) · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 80/100 | $9M | 5 mo ago | 32 | Randall Schwartzentruber Co-Founder & Co-CEO | WordPressMySQLPHP+25 | 17 patents Bulk material level sensing and monitoring using machine‑learning analytics | 1 partnership |
| 33 | Quantum Bridge Technologies Provider of quantum computing technology for communication applications 32Funding top 37%Moat top 38%Innovation top 40%Patents top 44% All 8 signals ▾Fundingtop 37% Moattop 38% Innovationtop 40% Patentstop 44% Talentbottom 49% Techbottom 47% Globalbottom 39% Marketbottom 23% Funding: Raised $8.7M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) Moat: Editorial + unicorn rating 4/10 · IP moat: 9 patents rank vs industry peers · Fliar Intelligence Index 32/100 | $9M | 0 mo ago | 15 | Mattia Montagna Co-Founder & CEO | WordPressMySQLPHP+21 | 9 patents Secure quantum key distribution and management for cryptographic networks | — |
| 34 | Mecka Provider of curated datasets and data refinement for AI model training 42AI top 20%Funding top 38%Talent bottom 49%Global bottom 48% All 6 signals ▾AItop 20% Fundingtop 38% Talentbottom 49% Globalbottom 48% Techbottom 45% Marketbottom 31% AI: Classified as an AI company Funding: Raised $8.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $8M | 10 mo ago | — | Duy Nguyen Co-Founder | Node.jsThree.jsRadix UI+11 | — | — |
| 35 | evolutionQ Provider of quantum-safe cybersecurity software solutions 37Patents top 38%Moat top 38%Innovation top 41%Talent top 41% All 8 signals ▾Patentstop 38% Moattop 38% Innovationtop 41% Talenttop 41% Fundingtop 45% Techbottom 47% Globalbottom 40% Marketbottom 33% Patents: 15 patents matched (strict assignee match) · 13 filings since 2022 vs 2 in 2017-21 Moat: Editorial + unicorn rating 4/10 · IP moat: 15 patents rank vs industry peers · Fliar Intelligence Index 37/100 | $6M | 16 mo ago | 33 | Michele Mosca Co-Founder & CEO | Webflowlit-htmlcore-js+16 | 15 patents Patents concentrated in electrical & electronics | — |
| 36 | Adaptis Provider of AI-powered platform for capital planning and asset decarbonization 32Talent top 38%AI top 45%Tech top 50%Funding bottom 49% All 7 signals ▾Talenttop 38% AItop 45% Techtop 50% Fundingbottom 49% Globalbottom 36% Marketbottom 28% Newsbottom 21% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 32/100 | $5M | 14 mo ago | 19 | Sheida Shahi Co-Founder & CEO | WixSentryBootstrap+12 | — | — |
| 37 | Realbotix Developer of humanoid robots with advanced AI solutions 32Funding top 44%Growth top 45%Talent bottom 49%Tech bottom 45% All 6 signals ▾Fundingtop 44% Growthtop 45% Talentbottom 49% Techbottom 45% Marketbottom 37% Globalbottom 25% Funding: Raised $5.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Growth: Web rank 5,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 32/100 | $5M | 7 mo ago | — | Matt Mcmullen Founder & COO | WebflowAmazon Web ServicesSplide+15 | — | — |
| 38 | Armilla AI Provider of AI insurance and AI software performance warranties for businesses 10AI top 30%Funding top 45%Moat top 48%Talent bottom 49% All 8 signals ▾AItop 30% Fundingtop 45% Moattop 48% Talentbottom 49% Globalbottom 39% Newsbottom 22% Marketbottom 18% Fin. healthbottom 8% AI: Classified as an AI company · Product described with: generative ai Funding: Raised $4.7M across 4 rounds · 4 rounds over 5 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 10/100 | $5M | 12 mo ago | 9 | Karthik Ramakrishnan Co-Founder & CEO | — | — | 1 partnership |
| 39 | Quantropi Provider of quantum cryptography-based secure communication solutions 42Product top 32%Funding top 39%Patents top 39%Partners top 42% All 11 signals ▾Producttop 32% Fundingtop 39% Patentstop 39% Partnerstop 42% Newstop 43% Innovationtop 44% Growthtop 45% Moattop 45% Techtop 49% Marketbottom 38% Globalbottom 36% Product: 3 distinct product lines · Company stage: Acquired Funding: Raised $4.5M across 9 rounds · 9 rounds over 2 yrs (4.5/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $5M | 1 mo ago | 33 | — | WebflowElementorWordPress+30 | 34 patents Post‑quantum cryptographic algorithms, digital signatures, and secure randomness generation. | — |
| 40 | 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 | — | WordPressMySQLPHP+10 | 48 patents Patents concentrated in electrical & electronics | — |
| 41 | Pontosense Developer of sensor and AI technology for risk and wellness detection 42Patents top 32%Innovation top 34%Moat top 38%Talent top 38% All 8 signals ▾Patentstop 32% Innovationtop 34% Moattop 38% Talenttop 38% Productbottom 48% Fundingbottom 47% Marketbottom 37% Globalbottom 36% Patents: 17 patents matched (strict assignee match) · 17 filings since 2022 vs 0 in 2017-21 Innovation: 17 patents (top 57% of patent-holders) · 17 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 42/100 | $4M | 13 mo ago | — | Yihong Qi Co-Founder | CTO | — | 17 patents RF front‑end components: millimeter‑wave antennas, circularly polarized structures, and filter circuits. | 1 launch · 1 partnership |
| 42 | 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 | 18 | Tomas Babej Cofounder and Chief Technology Officer | WordPressProton MailApple iCloud Mail+13 | 9 patents Protein therapeutics targeting the sortilin receptor and natriuretic peptide delivery systems | 2 job openings |
| 43 | Cybrid Provider of API infrastructure for stablecoin payments, compliance, and treasury 50Growth top 20%Talent top 28%Tech top 44%News top 44% All 10 signals ▾Growthtop 20% Talenttop 28% Techtop 44% Newstop 44% Fundingbottom 49% Innovationbottom 45% Productbottom 45% Moatbottom 38% Globalbottom 32% Marketbottom 30% Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 50/100 | $4M | 7 mo ago | 13 | Ali Irshad Co-Founder & Head of Sales & Partnerships | WebflowThree.jsGSAP+24 | — | — |
| 44 | Cybeats Provider of a cybersecurity platform for IoT devices 60News top 19%Product top 19%Growth top 25%Partners top 32% All 10 signals ▾Newstop 19% Producttop 19% Growthtop 25% Partnerstop 32% Fundingtop 36% Innovationtop 38% Moattop 48% Techbottom 48% Marketbottom 43% Globalbottom 38% News: 5 BI events in 12 mo (of 43 tracked, 8 types) · +150% YoY Product: 3 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 60/100 | $3M | 7 mo ago | 41 | — | WebflowAmazon Web ServicesBambooHR+15 | — | 1 award |
| 45 | Assetflo Provider of cloud-integrated asset viewing platforms 9Talent top 45%Funding top 48%Global bottom 29%Market bottom 12% All 4 signals ▾Talenttop 45% Fundingtop 48% Globalbottom 29% Marketbottom 12% Talent: 2 named leaders on record Funding: Raised $3.0M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 9/100 | $3M | 6 mo ago | 6 | Noaman Makki Co-Founder | — | — | — |
| 46 | BeWhere Developer of IoT enabled devices such as sensors and beacons 40Product top 14%Tech top 36%Funding top 37%Growth top 40% All 11 signals ▾Producttop 14% Techtop 36% Fundingtop 37% Growthtop 40% Newstop 40% Partnerstop 42% Moattop 45% Innovationbottom 44% Globalbottom 31% Marketbottom 30% Patentsbottom 24% Product: 11 distinct product lines · Company stage: Public Tech: 41 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 40/100 | $3M | 4 mo ago | 15 | — | WordPress Block EditorwpBakeryWordPress+28 | 2 patents Enterprise inventory and asset management control systems (ERP/IoT integration). | — |
| 47 | 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 | 14 | Tim Lasswell Co-Founder | Framer SitesReactAmazon Web Services+6 | 15 patents Autonomous robotic platforms for medical imaging, transport, and structural sensing with AI control | — |
| 48 | Inference Labs Provider of on-chain AI inference verification and agentic native protocols 57AI top 20%Growth top 28%Talent top 38%Tech top 44% All 7 signals ▾AItop 20% Growthtop 28% Talenttop 38% Techtop 44% Fundingtop 46% Globalbottom 38% Marketbottom 29% AI: Classified as an AI company Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 57/100 | $2M | 11 mo ago | — | Colin Gagich Co-Founder | Framer SitesThree.jsReact+11 | — | — |
| 49 | NexTech AR Solutions Provider of AI and augmented reality solutions for events and commerce 69AI top 15%Funding top 37%Growth top 37%Moat top 37% All 13 signals ▾AItop 15% Fundingtop 37% Growthtop 37% Moattop 37% Producttop 39% Patentstop 40% Techtop 43% Markettop 44% Innovationtop 44% Talentbottom 49% Globalbottom 43% Customersbottom 42% Newsbottom 36% AI: Holds AI/ML patents (G06N-family CPC) Funding: Raised $2.1M across 16 rounds · 16 rounds over 8 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $2M | 5 mo ago | 172 | Evan Gappelberg Founder & CEO | HubSpot CMS HubThree.jsAmazon Web Services+28 | 11 patents Patents concentrated in computing, sensing & instrumentation | — |
| 50 | SATO Technologies Corp Online platform for Bitcoin mining 22Funding top 35%News top 46%Growth top 48%Tech bottom 45% All 6 signals ▾Fundingtop 35% Newstop 46% Growthtop 48% Techbottom 45% Globalbottom 36% Marketbottom 14% Funding: Raised $1.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) News: 7 BI events in 12 mo (of 28 tracked, 5 types) · -36% YoY rank vs industry peers · Fliar Intelligence Index 22/100 | $1M | 3 mo ago | 13 | — | Node.jsThree.jsTailwind CSS+11 | — | — |
Top 12 High Tech companies in Ontario
#1
Xanadu 🦄Public · Toronto, Ontario · founded 2016 · 188 employees$250Mraised▾
Xanadu 🦄
Public · Toronto, Ontario · founded 2016 · 188 employees
Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications. It develops a quantum photonic processor and an open-source software platform. Its photonic-powered quantum processor chips are developed using squeezed light (fluctuation in light behaviour at the quantum level) concept for better calculations and computing speeds. It has developed open-source software that also includes a new quantum computing language, which is a dedicated machine learning platform for quantum computers.
Fliar Intelligence Index™ 84how this company ranks against its industry peers
Funding
top 12%Moat
top 26%Growth
top 28%AI
top 35%Talent
top 35%Market
top 38%Funding: Raised $250M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) · Last round Grant (prize money) (Mar 2026)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 58k LinkedIn followers — 6.2% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: AI Specialist
Activity (LinkedIn): 1 partnerships (incl. Canadian Quantum Technology Innovation R&D Partnering Delegation) announced in 12 mo
Funding rounds
- Mar 2026Grant (prize money)$2M
- Feb 2024Conventional Debt$2.8M
- Feb 2023Grant (prize money)$30M
- Nov 2022Series C$100M
Founders & team
Investors
OMERS, SVB, Radical Ventures, Real Ventures, Georgian, Sustainable Development Technology Canada
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAmazon Cloudfront
#2
Public · Toronto, Ontario · founded 2017 · 140 employees$855.5Mraised▾
Public · Toronto, Ontario · founded 2017 · 140 employees
Cloud mining solutions for cryptocurrency. It features a blockchain infrastructure for operating computing centers, processing bitcoins through mining networks, and earning fees for the processing of transactions. It provides hosting, in-house management, and support services for miners.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 12%Growth
top 35%Tech
top 36%Talent
top 37%News
top 39%Market
top 41%Funding: Raised $855M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Post IPO (Oct 2025)
Growth: 11 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
Tech: 61 technologies across 4/8 capability areas · Cloud: Akamai, Amazon Web Services · Devops: Varnish
Audience (LinkedIn): 17k LinkedIn followers
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Oct 2025Post IPO$588M
- Nov 2023Post IPO$43.8M
- May 2021Post IPO$62.3M
- Feb 2021Post IPO$69.5M
Founders & team
Investors
Dominion Capital, Sadis, Vermögensclub
#3
Cohere 🦄Series D · Toronto, Ontario · founded 2019 · 44 employees$970Mraised▾
Cohere 🦄
Series D · Toronto, Ontario · founded 2019 · 44 employees
Developer of enterprise AI platform and multilingual language and retrieval models. The company provides tools for workplace productivity, intelligent search, and semantic text representation. It offers models for relevance-based result refinement and high-performance generative tasks. The platform supports customization and private deployments, catering to various industries. It also provides developer resources, including API access and technical documentation.
Fliar Intelligence Index™ 90how this company ranks against its industry peers
Funding
top 14%AI
top 18%Tech
top 21%Moat
top 28%Talent
top 28%Innovation
top 33%Funding: Raised $970M across 6 rounds · 6 rounds over 5 yrs (1.2/yr) · Last round Series D (Sep 2025)
AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC)
Tech: 72 technologies across 5/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Observability: Datadog, Fullstory
Audience (LinkedIn): 260k LinkedIn followers — 28.1% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 1 expansions (incl. TKMS) announced in 12 mo
Funding rounds
- Sep 2025Series D$100M
- Aug 2025Series D$500M
- Jun 2024Series D$500M
- Jul 2023Series C—
Founders & team
Investors
Inovia Capital, Nvidia, Index Ventures, Oracle, DTCP, Mirae Asset
Tech stack
6SenseAmazon SesAmazon Web ServicesAnt DesignApple Icloud MailClosure Library
#4
Figment 🦄Series C · Toronto, Ontario · founded 2018 · 120 employees$165Mraised▾
Figment 🦄
Series C · Toronto, Ontario · founded 2018 · 120 employees
Online platform for the staking solution. The company offers staking solutions including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, liquid staking, and more.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 20%Moat
top 26%Talent
top 28%Tech
top 34%Growth
top 37%Market
top 39%Funding: Raised $165M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series C (Oct 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Audience (LinkedIn): 30k LinkedIn followers — 3.2% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 1 awards (incl. Curvegrid) announced in 12 mo
Funding rounds
- Oct 2025Series C—
- Dec 2021Series C$110M
- Aug 2021Series B$50M
- Oct 2020Series A$2.5M
Founders & team
Investors
Liberty City Ventures, Senator Investment Group, GSR Ventures, Hard Yaka, Galaxy, Declaration Partners
Tech stack
Amazon Web ServicesApple Icloud MailCloudflareCloudflare Bot ManagementCookieyesCore-Js
#5
Public · Toronto, Ontario · founded 2017$46.2Mraised▾
Public · Toronto, Ontario · founded 2017
Hardware-based cryptocurrency mining solutions. It also provides blockchain-based data centres. It also provides tools to consumers for choosing the right cryptocurrencies to invest in.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 24%Talent
bottom 49%News
bottom 36%Global
bottom 29%Funding: Raised $46.2M across 9 rounds · 9 rounds over 7 yrs (1.3/yr) · Last round Post IPO (Jan 2026)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
News: 0 BI events in 12 mo (of 25 tracked, 8 types)
Funding rounds
- Jan 2026Post IPO$1.6M
- Feb 2024Post IPO—
- Mar 2021Post IPO$20.4M
- Feb 2021Post IPO$2M
Founders & team
Investors
T M X, EMD Financial
#6
Series B · Waterloo, Ontario · founded 2011 · 95 employees$10.3Mraised▾
Series B · Waterloo, Ontario · founded 2011 · 95 employees
Provider of an indoor mapping platform. It provides solutions to create, visualize, and maintain maps for malls, stadiums, retail places, and offices. The cloud-based mapping solution provides developer tools and features CMS and analytical capabilities.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
AI
top 15%Tech
top 32%Moat
top 32%Funding
top 35%Growth
top 35%Patents
top 44%AI: Holds AI/ML patents (G06N-family CPC)
Tech: 31 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Devops: Envoy
Moat: Editorial + unicorn rating 7/10 · IP moat: 42 patents · 9 curated direct competitors tracked
Audience (LinkedIn): 30k LinkedIn followers — 3.2% of this cohort's audience
Activity (LinkedIn): 1 product launches · 1 partnerships (incl. Salient Systems) announced in 12 mo
Funding rounds
- Apr 2026Series B$24.5M
- Feb 2023Series A$8.6M
- Jun 2016Seed—
- Feb 2016Grant (prize money)$100K
Founders & team
Investors
CEP, Thiel Foundation, GCI Capital, FedDev Ontario, Velocity, Edison Partners
Tech stack
Amazon S3Amazon Web ServicesAnt DesignApple Sign-InCloudflareCloudflare Bot Management
#7
Series A · Toronto, Ontario · founded 2019 · 15 employees$8.7Mraised▾
Series A · Toronto, Ontario · founded 2019 · 15 employees
Provider of quantum computing technology for communication applications. It designs and develops quantum key infrastructure systems that integrate with existing symmetric encryption modules. Its product portfolio includes a QKI gateway for protecting local area networks, a small-sized QKI gateway to protect small offices, and operators for key distribution systems. It has applications in the government, defence, critical infrastructure, telecommunication, and cybersecurity sectors.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Funding
top 37%Moat
top 38%Innovation
top 40%Patents
top 44%Talent
bottom 49%Tech
bottom 47%Funding: Raised $8.7M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Series A (May 2026)
Moat: Editorial + unicorn rating 4/10 · IP moat: 9 patents
Innovation: 9 patents (top 70% of patent-holders) · 9 filings since 2022 vs 0 in 2017-21 · Deep-tech classification: Tech Hardware
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
- May 2026Series A$8M
- Aug 2024Seed—
- May 2023Grant (prize money)$665.2K
Founders & team
Investors
Canadian Space Agency, Juniper Networks, Primo Capital, Wayra, Cadenza, Club degli Investitori
Tech stack
Amazon Web ServicesApache Http ServerBunnyCore-JsDownload MonitorElementor
#8
Series B · Toronto, Ontario · founded 2018 · 300 employees$74.6Mraised▾
Series B · Toronto, Ontario · founded 2018 · 300 employees
Provider of 3D vision and robotics for inspection and measurement in multiple industries. It provides 3D vision, robotics, and network computing. The platform offers technology solutions, including an algo trading platform and precision inspection systems.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 26%Market
top 31%Talent
top 38%Global
bottom 36%Funding: Raised $74.6M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Series B (Sep 2025)
Market: 300 employees (top 7% of High Tech)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Sep 2025Series B$14M
- Jul 2022Series B$44.4M
- May 2021Series A$15.6M
- Sep 2020Series A$14.6M
Founders & team
Investors
Matrix, Weibo, China Merchants Group, China Capital Investment Group, MSA Capital, Turing Ventures
#9
Series D · Toronto, Ontario · founded 2016 · 350 employees$485.1Mraised▾
Series D · Toronto, Ontario · founded 2016 · 350 employees
Developer of hardware and open-source software for artificial intelligence acceleration. The company provides tools for optimizing workloads on its hardware. It offers an open-source compiler designed to integrate with its AI software library. The company provides resources such as documentation and developer tutorials.
Fliar Intelligence Index™ 90how this company ranks against its industry peers
Funding
top 20%Patents
top 25%Moat
top 25%Innovation
top 28%Talent
top 28%AI
top 30%Funding: Raised $485M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) · Last round Series D (Dec 2024)
Patents: 100 patents matched (strict assignee match) · 60 filings since 2022 vs 40 in 2017-21 · Latest publication 2025
Moat: Editorial + unicorn rating 9/10 · IP moat: 100 patents · Unicorn
Audience (LinkedIn): 84k LinkedIn followers — 9.1% of this cohort's audience · 106 engagements/post (6.7× cohort median)
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- Dec 2024Series D$693M
- Aug 2023Series C$100M
- Jun 2021Conventional Debt—
- May 2021Series C$200M
Founders & team
Investors
Fidelity Investments, Moore Capital Management, Real Ventures, Eclipse, Hyundai Motor Group, Samsung Catalyst Fund
Tech stack
Amazon SesAmazon Web ServicesApple Icloud MailCart FunctionalityClipboard.JsDocusign
#10
Acquired · Ottawa, Ontario · founded 2018 · 33 employees$4.5Mraised▾
Acquired · Ottawa, Ontario · founded 2018 · 33 employees
Provider of quantum cryptography-based secure communication solutions. It offers quantum cryptography-based encryption solutions for protecting data and securing communications. The features include file encryption, drag, and drop encryption and decryption, file access controls, etc.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Product
top 32%Funding
top 39%Patents
top 39%Partners
top 42%News
top 43%Innovation
top 44%Product: 3 distinct product lines · Company stage: Acquired
Funding: Raised $4.5M across 9 rounds · 9 rounds over 2 yrs (4.5/yr) · Last round Seed (Apr 2026)
Patents: 34 patents matched (strict assignee match) · 15 filings since 2022 vs 19 in 2017-21 · Latest publication 2025
Audience (LinkedIn): 5k LinkedIn followers
Funding rounds
- Apr 2026Seed$1.2M
- Dec 2025Seed$50K
- May 2025Seed$750K
- Oct 2024Seed$458.8K
Investors
Government of Canada
Tech stack
Amazon Web ServicesApache Http ServerCloudflareCloudflare Bot ManagementCore-JsElementor
#11
Ada 🦄Series C · Toronto, Ontario · founded 2016 · 394 employees$200Mraised▾
Ada 🦄
Series C · Toronto, Ontario · founded 2016 · 394 employees
AI platform for text based customer support. The platform helps organizations manage customer conversations across different industries through written communication. It supports handling inquiries, responses, and ongoing support interactions within a centralized online system.
Fliar Intelligence Index™ 87how this company ranks against its industry peers
AI
top 20%Funding
top 23%Moat
top 26%Tech
top 27%Market
top 33%Growth
top 35%AI: Classified as an AI company
Funding: Raised $200M across 5 rounds · 5 rounds over 10 yrs (0.5/yr) · Last round Grant (prize money) (Mar 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 10 curated direct competitors tracked
Audience (LinkedIn): 51k LinkedIn followers — 5.5% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Enterprise Account Executive
Funding rounds
- Mar 2025Grant (prize money)$1.8M
- Jan 2022Angel—
- May 2021Series C$130M
- Mar 2020Series B$44M
Founders & team
Investors
Spark Capital, Tiger Global Management, Accel, Bessemer Venture Partners, Version One Ventures, FirstMark
Tech stack
Alpine.JsAstroCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCloudflare Zaraz
#12
Acquired · Toronto, Ontario · founded 2013$10Mraised▾
Acquired · Toronto, Ontario · founded 2013
Provider of construction risk mitigation platform integrating IoT and data analytics. The platform offers real-time monitoring, alerts, and analytics for construction projects. It focuses on mitigating water damage, monitoring concrete, and managing environmental risks. The platform serves general contractors, owners, developers, and insurance providers with risk mitigation solutions.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 33%Talent
top 38%Product
top 42%Moat
bottom 45%Market
bottom 40%Global
bottom 36%Funding: Raised $10.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Series B (Jan 2026)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Product: 1 published app (91 installs) · Company stage: Acquired
Audience (LinkedIn): 4k LinkedIn followers
Funding rounds
- Jan 2026Series B$10M
- Oct 2023Series A$10M
Founders & team
Investors
BDC, Graphite Ventures, GreenSky, Brightspark Ventures, Export Development Canada, MaRS IAF
Funding & investor landscape
$8.1Btotal disclosed funding
293companies funded
739disclosed rounds
3rounds last 90 days
Most active investors
Export Development Canada16 rounds
Notable founders
Christian Weedbrook
Founder & CEO · Xanadu
Bonta Nicolas
Founder & Chairman at Bitfarms · Bitfarms
Nick Frosst
Co-Founder · Cohere
Ivan Zhang
Co-Founder · Cohere
Ryan Funduk
Co-Founder · Figment
Matt Harrop
Co-Founder · Figment
David Jellins
CEO · CryptoStar
Hongwei Liu
Co-Founder & CEO · Mappedin
Mattia Montagna
Co-Founder & CEO · Quantum Bridge Technologies
Wen Yang
Co-CEO · Speedbot
Deng Wenping
Co-CEO · Speedbot
Ivan Hamer
Co-Founder · Tenstorrent
Prism market signals · Canada · country-scoped Prism corpus, 337,689 docs
Market landscape — 10 sub-themes by coverage
Share of High Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Canada
How research on Semiconductors is moving in Canada
A read on the academic research around Semiconductors — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 739 Canada-affiliated papers.
research sentiment over time
200820172026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 42% → 57% across 2008–2026.
top research entities
- Polytechnique Montréal94
- University of Toronto60
- University of Waterloo57
- McGill University45
- University of British Columbia35
leading researchers
Ke Wu · Lihong Zhang · Yvon Savaria · Ahmad Hassan · Mohamad Sawan · Gabriela Nicolescu · Rashid Rashidzadeh · Siddharth Garg
▲
Breakthroughs303 · 41%
▲ 37%→47% share
▲1.3× share momentum2 median citations43% since 2021mostly methods-led
Amplifier research is surging — Canadian semiconductor papers quintupled from 1 to 5, while Transistor studies nearly doubled since baseline.
rising sub-themes (early→recent)
- Photonics15→24
- Transistor7→13
- Voltage5→11
- Photonic integrated circuit13→17
- Amplifier1→5
Newly emergingSchematic 0→5
Landmark On-chip CMOS-compatible all-optical integrator · 586 cites
◆
Advancements307 · 42%
▼ 46%→36% share
▼0.8× share momentum3 median citations33% since 2021mostly methods-led
Converter research is intensifying — Canadian advancement papers grew eightfold from 1 to 8, with Diode and FPGA topics newly emerging.
rising sub-themes (early→recent)
- Converters1→8
- Power (physics)1→7
- Photonics8→12
- Transient (computer programming)2→6
- Adder1→5
Newly emergingDiode 0→6 · Field-programmable gate array 0→6
Landmark Review of substrate-integrated waveguide circuits and antennas · 1,356 cites
▼
Concerns53 · 7%
7%→7% share
▲1.0× share momentum1 median citations38% since 2021mostly empirical
Electronic circuit concern research is intensifying — Canadian semiconductor papers doubled from 4 to 8 despite stable 7% field-share.
rising sub-themes (early→recent)
- Electronic circuit4→8
Landmark In‐Memory Vector‐Matrix Multiplication in Monolithic Complementary Metal–Oxide–Semiconductor‐Memristor Integrated Circui · 208 cites
RESEARCH HOTSPOTS · Canada
Where semiconductors 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.
Montreal136 · +0.62
Toronto78 · +0.59
Waterloo/Hamilton73 · +0.60
Vancouver43 · +0.50
Edmonton/Calgary34 · +0.47
Ottawa/Kingston33 · +0.58
PATENT SIGNAL · Canada
Who's filing semiconductors patents in Canada
Canada semiconductors patent filing is cooling — 1,206 filings from 674 assignees (2016–2025), led by Vuereal, ATI Technologies ULC, GAN Systems; annual filings 129→94.
1,206 filings674 assigneespeak 163/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Vuereal173
- ATI Technologies ULC84
- GAN Systems81
- Ignis Innovation65
- Intel65
- Advanced Micro Devices59
- Alpha & Omega Semiconductor INT58
- Tischler Michael A57
Common questions
How many High Tech companies are there in Ontario, Canada?
Radar tracks 1110 indexable High Tech companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by High Tech companies in Ontario, Canada?
The High Tech companies in Ontario, Canada on this list have raised a combined $8.1B in disclosed equity funding across 293 funded companies.
Which is the highest-funded High Tech company in Ontario, Canada?
Cohere is the highest-funded High Tech company in Ontario, Canada, with $970M in disclosed equity funding.
How many High Tech companies in Ontario, Canada are funded?
293 of the 1110 High Tech companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many High Tech unicorns are there in Ontario, Canada?
6 High Tech companies in Ontario, Canada on this list are valued at $1B or more.
Who are the top investors in Ontario, Canada High Tech companies?
The most active investors in Ontario, Canada High Tech companies on this list include Accelerator Centre, Ontario Centre of Innovation, BDC, Velocity, MaRS IAF.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.