Best High Tech Companies in Toronto, Canada
The 549 best High Tech companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Cohere.
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.
Ranked: Best High Tech companies in Toronto
| # | 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 | 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 |
| 4 | 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 |
| 5 | 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 |
| 6 | 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 |
| 7 | 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 |
| 8 | Untether AI Developer of hardware and software for artificial intelligence inference acceleration | $152M | 58 mo ago | 122 | Chris Walker CEO & President | WordPressMySQLPHP+21 | 78 patents High‑performance computational memory and dataflow architectures for AI acceleration | — |
| 9 | Titan Medical Developer of robotic surgical systems | $142M | 63 mo ago | 48 | — | WordPressMySQLPHP+11 | — | — |
| 10 | Hut 8 Mining Digital asset mining and performance computing solutions for individuals | $116M | 53 mo ago | 71 | Jaime Leverton Chief Executive Officer | — | — | 1 expansion |
| 11 | Polymath Platform to issue securities on blockchain | $98M | 57 mo ago | 42 | Trevor Koverko Co-Founder & CEO | WebflowAmazon Web Servicescore-js+24 | — | 2 launchs |
| 12 | 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 |
| 13 | Fuel Labs Blockchain scaling and development solutions | $82M | 45 mo ago | 43 | Nick Dodson Co-Founder & CEO | Node.jsRechartsRadix UI+20 | — | — |
| 14 | 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 | — | — | — |
| 15 | 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 | — | — |
| 16 | Otilu Mionics Developer of advanced materials for electronics, displays, and quantum computing | $55M | 43 mo ago | 54 | Michael Helander President & CEO | WordPressApple iCloud MailGoogle Workspace+12 | — | — |
| 17 | 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 | — | — | — |
| 18 | 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 | — | — |
| 19 | 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 |
| 20 | 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 |
| 21 | 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 |
| 22 | CentML Provider of AI optimization solutions for software application development | $27M | 31 mo ago | 19 | Anand Jayarajan Co-Founder | Apple iCloud MailGoogle WorkspaceFirebase+17 | 9 patents Patents concentrated in computing, sensing & instrumentation | — |
| 23 | 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 | — | — |
| 24 | 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 |
| 25 | 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 |
| 26 | 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 |
| 27 | Helika Provider of web3 behavioral analytics platform | $13M | 28 mo ago | 29 | Artem Germanov Co-Founder & CTO | WordPressMySQLPHP+19 | — | — |
| 28 | 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 | — | — |
| 29 | 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 | — | — |
| 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 | WOMBO Network of decentralized computing power for artificial intelligence task execution | $9M | 21 mo ago | 32 | Ben-Zion Benkhin Co-Founder & CEO | WebflowjQuery-pjaxcore-js+13 | — | — |
| 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 | 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 | — | — |
| 35 | 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 |
| 36 | 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 | — |
| 37 | 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 |
| 38 | Campfire AI platform for automating Google Ads, Meta Ads, and SEO workflows | $4M | 21 mo ago | 7 | Sina Zargaran ex-Co-Founder | Framer SitesReactcore-js+8 | — | 1 job opening |
| 39 | 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 |
| 40 | 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 | — | — |
| 41 | Edgecom Energy AI-powered energy management software 27Talent top 38%AI top 45%Funding bottom 49%Tech bottom 37% All 6 signals ▾Talenttop 38% AItop 45% Fundingbottom 49% Techbottom 37% Globalbottom 37% Marketbottom 27% 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 27/100 | $4M | 17 mo ago | 22 | Mostafa Salehi Co-Founder | WordPressMySQLRedis+20 | — | 1 launch |
| 42 | 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 |
| 43 | 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 | — | — | — |
| 44 | 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). | — |
| 45 | Dippy Platform for creating and interacting with artificial intelligence companion characters | $2M | 19 mo ago | — | Angad Singh Co-Founder & COO | SentryGoogle CloudRemix+10 | — | — |
| 46 | 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 | — |
| 47 | Xaba Developer of an AI platform for industrial automation and robotics 45AI top 20%Patents top 33%Innovation top 38%Talent top 38% All 10 signals ▾AItop 20% Patentstop 33% Innovationtop 38% Talenttop 38% Growthtop 45% Moatbottom 49% Fundingbottom 47% Techbottom 43% Globalbottom 43% Marketbottom 19% AI: Classified as an AI company Patents: 9 patents matched (strict assignee match) · 9 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 45/100 | $2M | 14 mo ago | 6 | Davide Panelli Co-Founder | Cart FunctionalitySquarespace CommerceSquarespace+15 | 9 patents Patents concentrated in transport & manufacturing processes | 1 job opening · 1 launch |
| 48 | Younet Platform offering tools for creating personalized AI models | $1M | 21 mo ago | — | Alex Kapralov Founder & CEO | MUIReactEmotion+13 | — | 1 launch |
| 49 | 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 | — | — |
| 50 | ARway Provider of augmented reality platform for indoor navigation and experiences | $253K | 6 mo ago | — | Nikhil Sawlani Co-Founder | WordPressMySQLPHP+12 | — | — |
Top 12 High Tech companies in Toronto
#1
Xanadu 🦄Public · Toronto, Ontario · founded 2016 · 188 employees$250Mraised▾
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.
- Mar 2026Grant (prize money)$2M
- Feb 2024Conventional Debt$2.8M
- Feb 2023Grant (prize money)$30M
- Nov 2022Series C$100M
#2
Public · Toronto, Ontario · founded 2017 · 140 employees$855.5Mraised▾
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.
- Oct 2025Post IPO$588M
- Nov 2023Post IPO$43.8M
- May 2021Post IPO$62.3M
- Feb 2021Post IPO$69.5M
#3
Cohere 🦄Series D · Toronto, Ontario · founded 2019 · 44 employees$970Mraised▾
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.
- Sep 2025Series D$100M
- Aug 2025Series D$500M
- Jun 2024Series D$500M
- Jul 2023Series C—
#4
Figment 🦄Series C · Toronto, Ontario · founded 2018 · 120 employees$165Mraised▾
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.
- Oct 2025Series C—
- Dec 2021Series C$110M
- Aug 2021Series B$50M
- Oct 2020Series A$2.5M
#5
Public · Toronto, Ontario · founded 2017$46.2Mraised▾
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.
- Jan 2026Post IPO$1.6M
- Feb 2024Post IPO—
- Mar 2021Post IPO$20.4M
- Feb 2021Post IPO$2M
#6
Series A · Toronto, Ontario · founded 2019 · 15 employees$8.7Mraised▾
Provider of quantum computing technology for communication applications. It designs and develops quantum key infrastructure systems that integrate with existing symmetric encryption modules. Its product portfolio includes a QKI gateway for protecting local area networks, a small-sized QKI gateway to protect small offices, and operators for key distribution systems. It has applications in the government, defence, critical infrastructure, telecommunication, and cybersecurity sectors.
- May 2026Series A$8M
- Aug 2024Seed—
- May 2023Grant (prize money)$665.2K
#7
Series B · Toronto, Ontario · founded 2018 · 300 employees$74.6Mraised▾
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.
- Sep 2025Series B$14M
- Jul 2022Series B$44.4M
- May 2021Series A$15.6M
- Sep 2020Series A$14.6M
#8
Series D · Toronto, Ontario · founded 2016 · 350 employees$485.1Mraised▾
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.
- Dec 2024Series D$693M
- Aug 2023Series C$100M
- Jun 2021Conventional Debt—
- May 2021Series C$200M
#9
Ada 🦄Series C · Toronto, Ontario · founded 2016 · 394 employees$200Mraised▾
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.
- Mar 2025Grant (prize money)$1.8M
- Jan 2022Angel—
- May 2021Series C$130M
- Mar 2020Series B$44M
#10
Acquired · Toronto, Ontario · founded 2013$10Mraised▾
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.
- Jan 2026Series B$10M
- Oct 2023Series A$10M
#11
Axelar 🦄Series B · Toronto, Ontario · founded 2020 · 50 employees$63.8Mraised▾
Online platform for cross-chain communication for web3. It offers solutions for integrating decentralized applications into blockchain networks. It allows developers to host apps, move assets, communicate with applications on other chains using the Axelar API, and more.
- Mar 2025Series B$30M
- Sep 2022ICO$50.1M
- Feb 2022Series B$35M
- Nov 2021Series A—
#12
Series C · Toronto, Ontario · founded 2007 · 62 employees$41Mraised▾
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.
- Feb 2025Series C$173.3K
- Nov 2024Series C$201.6K
- Aug 2022Series C$9.5M
- Jan 2018Series B$1.3M
Funding & investor landscape
Notable founders
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
How research on Semiconductors in Toronto is moving
A read on the academic research around Semiconductors in Toronto — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 78 papers.
University of Toronto and Toronto Metropolitan University lead Toronto's semiconductor research, focusing optimistically on Silicon Carbide technologies and low-power VLSI design, with breakthroughs dominating recent output.
- University of Toronto60
- Toronto Metropolitan University19
- Photonic integrated circuit2→5
- Photonics2→5
- Integrated circuit1→4
- Standard cell1→3
- Electronic circuit3→5
- Integrated circuit4
- Photonics3
- Optoelectronics3
- Electronic engineering3
- Electronic circuit3
- Field-programmable gate array2
- Interposer2
- Interconnection2
- Application-specific integrated circuit1
- Embedded system1