Best Industrial Goods and Manufacturing Companies in Toronto, Canada
The 87 best Industrial Goods and Manufacturing companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Celestica.
Our analysis of 50 Industrial Goods and Manufacturing companies
$3.2b in tracked funding; 81% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Industrial Goods and Manufacturing companies in Toronto
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Celestica End-to-end product lifecycle solutions and services 83Market top 17%Fin. health top 20%Funding top 25%News top 29% All 12 signals ▾Markettop 17% Fin. healthtop 20% Fundingtop 25% Newstop 29% Growthtop 31% Globaltop 31% Partnerstop 32% Techtop 35% Talenttop 39% Moatbottom 44% Patentsbottom 30% Innovationbottom 22% Market: 904 employees (top 7% of Industrial Goods and Manufacturing) · Revenue ~$12.4B Fin. health: Revenue ~$12.4B (FY2026) · Net margin 5.2% rank vs industry peers · Fliar Intelligence Index 83/100 | $1.3B | 95 mo ago | Public | Rob Mionis President and CEO | 1994 | DrupalApple iCloud MailGoogle Workspace+25 | 2 patents Optimized PCB trace‑pad interfaces enhancing signal integrity and reliability. | 2 partnerships · 1 expansion · 1 award |
| 2 | Intelex Environment health & safety software for manufacturing industry 69Tech top 30%Funding top 36%Product top 36%Market top 38% All 11 signals ▾Techtop 30% Fundingtop 36% Producttop 36% Markettop 38% Talenttop 38% Moattop 39% Growthtop 45% AItop 45% Customersbottom 41% Globalbottom 36% Newsbottom 27% Tech: 52 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare Funding: Raised $123M across 1 rounds · 1 rounds over 11 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $123M | 130 mo ago | Acquired | Ted Grunau Co-Founder | 1992 | WordPressSentryMySQL+38 | — | 1 award |
| 3 | Fiix Cloud-based CMMS software for commercial spaces 67Tech top 30%Product top 33%Innovation top 35%Funding top 36% All 11 signals ▾Techtop 30% Producttop 33% Innovationtop 35% Fundingtop 36% Moattop 37% Patentstop 40% Growthtop 45% AItop 45% Markettop 48% Customersbottom 46% Globalbottom 36% Tech: 51 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services Product: 5 distinct product lines · 1 published app (97.9k installs) rank vs industry peers · Fliar Intelligence Index 67/100 | $52M | 88 mo ago | Acquired | — | 2008 | WordPressMySQLSalesforce+37 | 11 patents AI-driven predictive maintenance and inventory optimization for industrial asset management | — |
| 4 | Canvass Developer of AI platform that transforms scattered information into actionable insights 53AI top 20%Innovation top 23%Funding top 37%Product top 43% All 9 signals ▾AItop 20% Innovationtop 23% Fundingtop 37% Producttop 43% Talentbottom 49% Marketbottom 40% Globalbottom 37% Newsbottom 32% Techbottom 15% AI: Classified as an AI company Innovation: 9 product lines · Deep-tech classification: Artificial Intelligence rank vs industry peers · Fliar Intelligence Index 53/100 | $19M | 46 mo ago | Series A | Humera Malik Founder & CEO | 2016 | — | — | — |
| 5 | 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 | Series A | Tawfeeq Gaffoor Co-Founder & CTO | 2022 | WebflowApple iCloud MailGoogle Workspace+25 | — | 1 partnership |
| 6 | Canadian Copper Provider of copper exploration services 57News top 14%Growth top 21%Funding top 33%Partners top 37% All 8 signals ▾Newstop 14% Growthtop 21% Fundingtop 33% Partnerstop 37% Techtop 47% Talentbottom 40% Marketbottom 36% Globalbottom 36% News: 37 BI events in 12 mo (of 68 tracked, 8 types) · +76% YoY Growth: Web rank 50,000,000 → 10,000,000 YoY · 7 acquisition/expansion moves in 24 mo rank vs industry peers · Fliar Intelligence Index 57/100 | $14M | 4 mo ago | Public | Simon Quick CEO | 2021 | WordPressMySQLPHP+24 | — | — |
| 7 | Memex Provider of real-time manufacturing analytics, machine monitoring software, and connectivity hardware | $7M | 104 mo ago | Public | David McPhail President & CEO | 1992 | WordPress Block EditorWordPressMySQL+25 | — | — |
| 8 | Upchain Product life cycle management solutions for manufacturers | $6M | 99 mo ago | Acqui-Hired | John Laslavic Founder & CEO | 2015 | — | — | — |
| 9 | Upverter Web browser-based integrated EDA tool to design, share, and review schematics and PCBs | $3M | 147 mo ago | Acquired | — | 2010 | ThinkificRubyFroala Editor+18 | — | — |
| 10 | Metafold Developer of software for creating high complexity parts for 3D printing 27Innovation top 42%Patents top 42%Growth top 45%Tech top 45% All 9 signals ▾Innovationtop 42% Patentstop 42% Growthtop 45% Techtop 45% Moatbottom 49% Talentbottom 49% Fundingbottom 38% Globalbottom 37% Marketbottom 13% Innovation: 7 patents (top 70% of patent-holders) · 7 filings since 2022 vs 0 in 2017-21 Patents: 7 patents matched (strict assignee match) · 7 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 27/100 | $2M | 35 mo ago | Seed | Tom Reslinski COO & Co-Founder | 2020 | Node.jsThree.jsTailwind CSS+16 | 7 patents Collaborative cloud‑based rendering and advanced additive manufacturing (3D printing) technologies. | — |
| 11 | 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 | Seed | Davide Panelli Co-Founder | 2022 | Cart FunctionalitySquarespace CommerceSquarespace+15 | 9 patents Automated machine control and AI-driven fabrication of metal‑polymer composite construction components. | — |
| 12 | Phaseshift Online metal design and development solutions for the manufacturing sector | $775K | 41 mo ago | Seed | Abu Anand Co-Founder | 2019 | — | — | — |
| 13 | Forge Provider of CNC machining services 55Talent top 45%Funding top 48%Global bottom 48% All 3 signals ▾Talenttop 45% Fundingtop 48% Globalbottom 48% Talent: 2 named leaders on record Funding: Raised $635k across 2 rounds · 2 rounds over 2 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $635K | 12 mo ago | Seed | Walter Raftus Co-Founder & CTO | 2022 | — | — | — |
| 14 | ExactFlat Software for soft goods fabrication automation | $526K | 143 mo ago | Seed | Mark Jewell Founder & CTO | 2007 | Cart FunctionalitySquarespace CommerceSquarespace+13 | — | — |
| 15 | Metabacus System level electronic design automation (EDA) solutions | $500K | 217 mo ago | Deadpooled | Jianwen Z. Founder & CTO | 2008 | — | — | — |
| 16 | DraftAid AI-powered automation for generating precise 2D fabrication drawings | $500K | — | Seed | Mohammed Al-Arnawoot Co-Founder & CEO | 2023 | Unicorn PlatformGSAPAmazon Web Services+19 | — | — |
Top 12 Industrial Goods and Manufacturing companies in Toronto
#1
Public · Toronto, Ontario · founded 2021$14.1Mraised▾
Provider of copper exploration services
- Feb 2026Post IPO$1.6M
- Oct 2025Post IPO$10.8M
- Mar 2025Post IPO$349.1K
- Jul 2023Post IPO$1.1M
#2
Series A · Toronto, Ontario · founded 2022 · 20 employees$17.2Mraised▾
Developer of an AI platform for manufacturing process optimization and control. The platform provides tools for connecting plant and lab databases, preparing data, and building digital twins. It offers recommendations to accelerate scale-up and optimize process quality control. The platform supports process engineers and modelers in streamlining operations and enhancing workflow efficiency.
- Sep 2024Series A$13.4M
- May 2022Seed$3.8M
#3
Seed · Toronto, Ontario · founded 2022 · 6 employees$2Mraised▾
Developer of an AI platform for industrial automation and robotics. The platform automates code generation for robots, CNCs, and hybrid systems, eliminating manual coding. It generates control logic across commercial hardware, adapting to production shifts and continuously learning to optimize machine performance. The platform integrates with both legacy equipment and cutting-edge systems, reconfiguring and scaling production.
- Apr 2025Seed$6M
- Jan 2024Seed$2M
- Feb 2023Seed—
#4
Seed · Toronto, Ontario · founded 2022$635Kraised▾
Forge Automation is a company based in Toronto that provides CNC machining services quickly and affordably. They offer the fastest turnaround time for making parts at competitive prices.
- 2025Seed$500K
- Mar 2024Seed$135K
#5
Public · Toronto, Ontario · founded 1994 · 904 employees$1.3Braised▾
Celestica delivers end-to-end product lifecycle solutions with expertise in design and engineering, electronics manufacturing and supply chain management services. Services include design and engineering, joint design and manufacturing services, precision machining, supply chain services, logistics & fulfillment, and after-market services. They support companies across multiple markets, including communications, enterprise, aerospace and defense, smart energy, healthcare technology, industrial and semiconductor capital equipment.
- Jun 2018Conventional Debt$800M
- Jun 2004Conventional Debt$500M
#6
Series A · Toronto, Ontario · founded 2016 · 41 employees$19.2Mraised▾
Developer of AI platform that transforms scattered information into actionable insights. The platform offers real-time insights, eliminating data hunting for knowledge workers. It provides purpose-built AI assistants for various industries, including manufacturing, healthcare, finance, and government. The platform retrieves, analyzes, and flags discrepancies between systems and documents. It delivers validated information and integrates with existing enterprise ecosystems.
- Aug 2022Series A$7.7M
- Aug 2022Conventional Debt$4.4M
- Apr 2022Grant (prize money)$5.7M
- Oct 2020Series A$6.4M
#7
Acquired · Toronto, Ontario · founded 1992 · 499 employees$122.5Mraised▾
Intelex is an environment health & safety software for the manufacturing industry. The product is an EHS & quality management platform and the features of the product include business analytics, EHSQ community, supplier management, root cause analysis, electronic signatures, image mapping, document control, etc. The application of the product is in industries such as manufacturing, automotive, construction, retail, education, etc. The clientele includes Volvo, Nestle, Virgin Atlantic, American Electric Power, StandardAero, Altalink, etc.
- Aug 2015PE$122.5M
#8
Acquired · Toronto, Ontario · founded 2008 · 192 employees$52Mraised▾
Cloud-based CMMS software for commercial spaces. It helps businesses organize and schedule their maintenance activities. Helps facility managers in tracking work orders, maintaining a work calendar, asset management, creating purchase requests, managing environmental, health, and safety standards data, etc. It helps in reducing equipment outages and optimizing maintenance costs. Also offers similar solutions through a mobile application for remote monitoring.
- Jan 2019Series C$40M
- May 2018Series B$12M
- 2016Series A—
- Mar 2016Series A$5M
#9
Seed · Toronto, Ontario · founded 2020 · 9 employees$2.3Mraised▾
Developer of software for creating high complexity parts for 3D printing
- Jul 2023Seed$1.8M
- Aug 2022Seed$500K
#10
Public · Toronto, Ontario · founded 1992$6.8Mraised▾
Provider of real-time manufacturing analytics, machine monitoring software, and connectivity hardware. The company offers a manufacturing operations management system that collects machine data across the shop floor to calculate performance metrics and overall equipment effectiveness in real time. Its software provides configurable dashboards, shop floor viewers, and continuous improvement tools that help identify downtime causes, bottlenecks, and efficiency opportunities. The platform connects both modern and legacy machines using native communication protocols or hardware adapters, creating a unified data network from equipment to management systems. Additional offerings include connectivity devices, memory upgrades, and related hardware accessories that support deployment and reliability of the monitoring and analytics solution.
- Sep 2017Post IPO$2.9M
- Jun 2015Post IPO$3.9M
#11
Seed · Toronto, Ontario · founded 2019 · 4 employees$775Kraised▾
Online metal design and development solutions for the manufacturing sector. It designs and develops alloys using artificial intelligence and computational alloy design technology. It identifies the design requirements, creates prototypes, and runs simulations for virtual monitoring. It also offers data simulation for evaluating materials in multiple sectors.
- Jan 2023Seed—
- Jul 2020Seed$775K
#12
Acqui-Hired · Toronto, Ontario · founded 2015 · 135 employees$5.9Mraised▾
UpchainXLM offers Product life cycle management solutions for the manufacturing industry. It provides a 3D CAD viewer which allows designers to view, markup, comment and share 3D designs. It also enables users to create and manage projects, create dashboards, manage version control, calendar integrations and store data. Its features include collaboration with tools such as Outlook, Excel and PowerPoint, BOM management, change management, CAD integration, and others. Provides modeling solutions with cloud PLM for creating digital twins. Its clients include Apple, Tesla, BMW, The European Space Agency and more. It offers a subscription-based pricing model.
- Feb 2018Series A$5.9M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Industrial Goods and Manufacturing coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Additive Manufacturing in Toronto is moving
A read on the academic research around Additive Manufacturing in Toronto — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 104 papers.
- University of Toronto67
- Toronto Metropolitan University36
- Toronto Rehabilitation Institute8
- Toronto General Hospital4
- Toronto Public Health2
- 3D printing1→8
- Fabrication1→5
- 3D printing3→21
- 3d printed1→11
- Engineering drawing1→3
- Rapid prototyping1→3
- Workflow1→3
- 3D printing2→4
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.