Best High Tech Companies in Waterloo, Canada
The 81 best High Tech companies in Waterloo, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: GoNetwork.
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 Waterloo
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GoNetwork Low cost mobile first network infrastructure for Ethereum | $47M | 95 mo ago | — | Xun Cai Co-Founder & COO | — | — | — | — |
| 2 | Aeryon Labs Provider of UAVs for HD imagery and aerial intelligence operations | $47M | 128 mo ago | 220 | — | — | — | 26 patents Advanced VTOL UAVs with foldable rotors, autonomous hover, secure emergency and calibration systems | — |
| 3 | DarwinAI Online platform for explainable machine learning systems | $12M | 42 mo ago | 39 | Mohammad Shafiee Co-Founder | — | — | 11 patents Automated machine learning (AutoML) with neural architecture search, component selection, data curation, and model explainability. | — |
| 4 | 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 | Top 5M | 42 patents Indoor mapping and wayfinding via automated floorplan generation and vector map editing | 1 launch · 1 partnership |
| 5 | ISARA Post-quantum encryption-based data security solution | $10M | 27 mo ago | 32 | — | BootstrapAmazon Web ServicesApache HTTP Server+19 | Top 10M | 69 patents Multi-key root certificate authorities and crypto‑agile public‑key infrastructure management | 1 launch · 1 award |
| 6 | RSVP.ai Provider of AI virtual assistant for digital marketing solution | $10M | 84 mo ago | 6 | — | — | — | — | — |
| 7 | Cognitive Systems Developer of physical surveillance solutions using RF technology | $7M | 85 mo ago | 71 | Tajinder Manku Co-Founder & Director | Radix UITailwind CSSshadcn/ui+10 | Top 50M | 931 patents Patents concentrated in computing, sensing & instrumentation | 1 job opening · 1 launch |
| 8 | Nfinite Nanotechnology Provider of anti-abrasion nanocoatings | $7M | 25 mo ago | 10 | Jhi L Co-Founder | WixSentryBootstrap+11 | Top 50M | 13 patents Atomic layer deposition of ultra‑thin functional coatings on flexible substrates and related powder‑exhaust management. | — |
| 9 | Proto Platform offering no code ai driven automation solutions | $6M | 43 mo ago | 35 | Curtis Matlock Co-Founder & CEO | WebflowAmazon Web ServicesHubSpot+22 | Top 5M | — | 1 launch · 1 partnership |
| 10 | 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 | Top 50M | 15 patents Quantum key distribution network routing, buffering, and multimodal cryptographic system design. | — |
| 11 | Aimetis IP video management and analytical software & service | $5M | 195 mo ago | 58 | — | — | — | — | — |
| 12 | Motion Gestures Provider of AI and cloud-based motion gesture recognition systems | $4M | 24 mo ago | 8 | Kashif Kahn Co-Founder & CEO | SilverstripePHPBootstrap+13 | Top 50M | — | — |
| 13 | Evercloak Developer of membrane technology for energy-saving humidity control and other applications | $2M | 23 mo ago | 14 | Evelyn Allen CEO | — | — | 15 patents Graphene‑oxide composite membranes for filtration and dehumidification applications | — |
| 14 | Pulse Industrial Provider of AI and IoT-based steam trap monitoring solutions | $2M | 38 mo ago | 28 | Thomas Uhlenbruck Co-Founder & CEO | Wix eCommerceWixSentry+21 | Top 50M | — | — |
| 15 | Medella Health Contact lenses for continuous and non-invasive monitoring of glucose levels | $1M | 120 mo ago | 3 | — | — | — | — | — |
| 16 | eleven-x Wireless connectivity solutions for IOT | $530K | 73 mo ago | 29 | Dan Mathers CEO & Co-Founder | PHPNode.jsUbuntu+16 | Top 10M | 12 patents Secure encrypted communication authentication and smart parking occupancy sensor technology. | — |
| 17 | Brink Bionics Developer of robotic upper-limb replacement technology | $334K | 69 mo ago | 1 | Erik Lloyd Co-Founder & CEO | — | — | 7 patents EMG-based low‑latency control and modular prosthetic hand technologies for myoelectric devices | — |
| 18 | Energent Provider of energy management solutions | $291K | 44 mo ago | 13 | Chris Reid President & CEO | — | — | 9 patents Software for smart energy hub control and electricity price forecasting | — |
| 19 | NURO Developer of non-surgical neurotechnology facilitating communication via thought and intent | $250K | 98 mo ago | 4 | Francois Gand Founder & CEO | — | — | 9 patents Brain-computer interface systems and neurodiagnostic platforms for cognitive monitoring | — |
| 20 | Zergo Nanotechnology sensor-based test kits for tracking ovulation and fertility at home | $180K | 83 mo ago | 2 | — | — | — | — | — |
| 21 | Terrene Data training and analyzing solution provider | $150K | 96 mo ago | 2 | Francois le Roux Founder | — | — | — | — |
| 22 | Placenote Location-based augmented reality platform | $120K | 132 mo ago | 6 | Neil Mathew CEO | — | — | — | — |
| 23 | Grobo Automated indoor gardening system | $100K | 118 mo ago | 1 | — | — | — | 6 patents Indoor vertical farming hardware and data-management systems for controlled plant growth | — |
Top 12 High Tech companies in Waterloo
#1
Series B · Waterloo, Ontario · founded 2011 · 95 employees$10.3Mraised▾
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.
- Apr 2026Series B$24.5M
- Feb 2023Series A$8.6M
- Jun 2016Seed—
- Feb 2016Grant (prize money)$100K
#2
Series A · Waterloo, Ontario · founded 2015 · 33 employees$5.5Mraised▾
Provider of quantum-safe cybersecurity software solutions. It offers software products for building and simulating quantum key distribution (QKD) networks, protecting against quantum computing threats. These solutions integrate post-quantum cryptography (PQC) and QKD to provide defense-in-depth security. Additionally, it provides quantum risk assessments and strategic consulting services to help organizations prepare for the quantum computing era. The company's offerings are designed to be scalable and adaptable to various network environments.
- Feb 2025Series A$549.1K
- Jun 2022Series A$5.5M
#3
Series A · Waterloo, Ontario · founded 2015 · 32 employees$10Mraised▾
Post-quantum encryption-based data security solution. Product IQR Toolkit is a solution for preventing quantum computer attacks on encrypted data. Implements cryptographic algorithms via a library with a C language interface to be deployed on commercial solutions as a drop-in algorithm replacement.
- Feb 2024Series A—
- Jan 2023Grant (prize money)$73.3K
- Apr 2019Grant (prize money)$7.2M
- Nov 2018Series A$10M
#4
Seed · Waterloo, Ontario · founded 2021 · 10 employees$6.8Mraised▾
Provider of anti-abrasion nanocoatings. It develops technology that can deposit uniform and conformal ultrathin films at ambient temperature and pressure. Its features include controlled thickness and composition. It can be applied over silicon wafers, glasses, plastics, metals, membranes, and fabric surfaces.
- May 2024Seed$6.5M
- May 2024Grant (prize money)—
- Sep 2022Seed—
- Sep 2022Seed$250K
#5
Seed · Waterloo, Ontario · founded 2018 · 14 employees$2Mraised▾
Developer of membrane technology for energy-saving humidity control and other applications. The company focuses on creating technologies using advanced materials. It aims to transform industries through a manufacturing platform for membranes. The initial application is in building cooling, addressing energy use and emissions. The technology delivers refrigerant-free solutions that reduce costs and carbon emissions. The platform has potential applications in energy storage, electronics, and sustainable packaging.
- Jul 2024Grant (prize money)$1.1M
- Feb 2024Seed$2M
- Jul 2020Grant (prize money)—
- Feb 2019Seed$30K
#6
Seed · Waterloo, Ontario · founded 2016 · 8 employees$4Mraised▾
Provider of AI and cloud-based motion gesture recognition systems. It has developed a platform for gesture recognition purposes which supports multiple motions, touch, and vision sensors and can be deployed on cloud, gateway/hub, and embedded systems. It either allows users to select from a library of gestures featuring letters, numbers, shapes, symbols, rotations or create a custom gesture by drawing the desired motion trajectory on a mobile or tablet screen and edit it. The system generates data automatically for model training and once generated it can be utilized with any supported sensor. The target market includes appliances, automotive, wearables, toys, gaming, robotics, among others.
- Jun 2024Seed$2M
- Feb 2021Seed$2M
#7
Acqui-Hired · Waterloo, Ontario · founded 2017 · 39 employees$11.7Mraised▾
Online platform for explainable machine learning systems. The platform helps teams build and deploy intelligent models with clear insight into how decisions are made. It supports transparency, analysis, and understanding of model behavior to improve trust and responsible use within an online development environment.
- Dec 2022Series A$8M
- Feb 2021Grant (prize money)—
- Dec 2020Seed—
- Nov 2020Seed$750K
#8
Funding Raised · Waterloo, Ontario · founded 2016$46.8Mraised▾
GoNetwork is a mobile-first payment infrastructure built on Ethereum. It claims to significantly increase the processing speed by taking the transactions between two parties off-chain after the first transaction, till the time they are ready for the final settlement.
- Jun 2018ICO$46.8M
#9
Acquired · Waterloo, Ontario · founded 2007 · 220 employees$46.7Mraised▾
Aeryon Labs UAVs for HD imagery and aerial intelligence operations. Offers human-packable, autonomous hovering aerial systems that allow unskilled operators to capture high-resolution imagery. It provides Aeryon Scout which is a vertical take-off and landing micro unmanned aerial vehicle used for tactical and over-the-hill aerial intelligence. The scout features a touch-screen interface and a field interchangeable payload interface to support multiple payloads. Aeryon's Scout has been used in several high-profile operations by Libyan Rebels, US Coast Guard, British Petroleum, and more.
- Oct 2015Series A$45.7M
- Jun 2012Seed$985K
- Jul 2009Seed—
#10
Series A · Waterloo, Ontario · founded 2018 · 35 employees$5.6Mraised▾
Platform offering no code ai driven automation solutions. Its offerings include an AI-powered platform that enables businesses to automate complex workflows without coding, enhancing operational efficiency. The platform leverages machine learning and natural language processing to analyze, categorize, and automate tasks in real-time. It also integrates with existing tools and systems, enabling seamless automation.
- Oct 2022Conventional Debt$1.4M
- Jul 2022Series A$5.6M
#11
Seed · Waterloo, Ontario · founded 2018 · 28 employees$1.9Mraised▾
Provider of AI and IoT-based steam trap monitoring solutions. It develops an AI-integrated and IoT-based system detects industrial steam pipe leaks and sends failure notifications via email. It leverages monitoring sensors that sense variations in vibration, ultrasound, and temperature, gateways. The offering sectors include manufacturing, pharmaceuticals, hospitals, universities, and food & beverage.
- Mar 2023Seed—
- Feb 2022Grant (prize money)$2.7M
- Apr 2021Seed$1.9M
- 2019Seed—
#12
Series A · Waterloo, Ontario · founded 2013 · 6 employees$10Mraised▾
Provider of AI virtual assistant for digital marketing solution. It is no code platform using NLP and it has been applied to customer service in various industries, enterprise virtual assistants, smart homes, smart mobile devices, and other scenarios.
- Jun 2019Series A$10M
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 Waterloo is moving
A read on the academic research around Semiconductors in Waterloo — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 57 papers.
- University of Waterloo57
- Electronic circuit9
- Integrated circuit8
- Chip5
- Scalability3
- Process variation3
- Electronic circuit5
- Integrated circuit4
- Physical design3
- Wire bonding3
- Scalability3
- Integrated circuit2
- Parametric statistics2
- Session (web analytics)1
- Planar1
- Electronic circuit1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.