Best Internet of Things - Industry Applications Companies in Canada
The 634 best Internet of Things - Industry Applications companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amp.
Canada's Internet of Things - Industry Applications sector has 634 companies tracked, and if you're trying to find the ones with real capital behind them, this directory ranks them by disclosed equity funding and recent momentum. Total disclosed funding across the field sits at $3.0B. No unicorns yet, but the funding spread tells a story: Muse leads at $41M, Corinex follows at $30M, and SenseNet, Fobi, BinSentry and Brickeye fill out the upper tier. That's a healthy cluster of mid-stage companies, not a winner-take-all pile. BDC, Accelerator Centre, MaRS Discovery District, Ontario Centre of Innovation and Velocity are the investors showing up most often, which signals a strong institutional scaffolding underneath the sector.
So what's moving right now? Median install growth of roughly 13% year-over-year across internet and internet retail app categories shows connected-product adoption isn't slowing. I'd watch the convergence of AI hardware themes with industrial IoT coverage, because that's where the next funding rounds are likely to cluster. Audio processing infrastructure, playback engines and rendering pipelines are emerging as hot adjacent themes, pointing to richer on-device compute demands. The companies in this directory building toward that edge-compute future are the ones worth your time.
Our analysis of 184 Internet of Things - Industry Applications companies
$13.9b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Internet of Things - Industry Applications companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 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 | 2009 | HubSpot CMS HubBootstrapIsotope+17 | — | 8 patents Coordinated multi-device streaming and playback synchronization for digital audio/video content | — |
| 2 | 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 | 2005 | WordPressMySQLPHP+44 | — | 15 patents Intelligent transportation analytics and video compression technologies for traffic management | 1 launch |
| 3 | North Provider of smart eyewear solution for consumers | $267M | 91 mo ago | 200 | 2012 | — | — | 323 patents Patents concentrated in computing, sensing & instrumentation | — |
| 4 | Semios On-farm solutions for crop management, pest control, and irrigation 62Tech top 23%Funding top 27%Moat top 31%Talent top 38% All 10 signals ▾Techtop 23% Fundingtop 27% Moattop 31% Talenttop 38% Innovationtop 41% Producttop 44% Growthtop 45% Marketbottom 45% Globalbottom 36% Newsbottom 21% Tech: 61 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Funding: Raised $225M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $225M | 56 mo ago | — | 2010 | WordPressApple iCloud MailGoogle Workspace+31 | — | — | 1 launch |
| 5 | ecobee Manufacturer of smart thermostats, sensors, cameras, and security system bundles 78AI top 15%Customers top 19%Tech top 23%Patents top 33% All 13 signals ▾AItop 15% Customerstop 19% Techtop 23% Patentstop 33% Fundingtop 34% Producttop 36% Markettop 37% Moattop 38% Talenttop 38% Innovationtop 42% Growthbottom 48% Globalbottom 42% Newsbottom 24% AI: Holds AI/ML patents (G06N-family CPC) Customers: Play-Store rating 4.30★ across 39,875 ratings (2 apps) · Review volume +45% in 6 mo rank vs industry peers · Fliar Intelligence Index 78/100 | $155M | 96 mo ago | 520 | 2007 | Amazon WebstoreContentfulApple iCloud Mail+37 | — | 82 patents Residential smart energy management and integrated home automation (thermostats, lighting, cameras). | 1 job opening |
| 6 | Untether AI Developer of hardware and software for artificial intelligence inference acceleration | $152M | 58 mo ago | 122 | 2018 | WordPressMySQLPHP+21 | — | 78 patents High‑performance computational memory and dataflow architectures for AI acceleration | — |
| 7 | BrainBox AI Developer of an AI platform for building HVAC system optimization 60AI top 20%Funding top 27%Moat top 31%Patents top 38% All 12 signals ▾AItop 20% Fundingtop 27% Moattop 31% Patentstop 38% Talenttop 38% Innovationtop 46% Producttop 47% Markettop 48% Globalbottom 48% Techbottom 46% Growthbottom 42% Newsbottom 24% AI: Classified as an AI company Funding: Raised $103M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $103M | 35 mo ago | 170 | 2017 | HubSpot CMS HubApple iCloud MailMicrosoft 365+21 | — | 16 patents AI-optimized HVAC control systems for commercial building energy management | — |
| 8 | Mojio Cloud-connected device and platform for cars | $81M | 87 mo ago | 61 | 2012 | WordPress Block EditorWordPressMySQL+34 | — | — | — |
| 9 | Encycle Provider of wireless energy management solutions 24Funding top 35%Moat top 37%Product top 40%Patents top 49% All 10 signals ▾Fundingtop 35% Moattop 37% Producttop 40% Patentstop 49% Talentbottom 49% Innovationbottom 43% Globalbottom 43% Marketbottom 37% Techbottom 25% Newsbottom 22% Funding: Raised $45.7M across 8 rounds · 8 rounds over 15 yrs (0.5/yr) Moat: Editorial + unicorn rating 7/10 · IP moat: 18 patents rank vs industry peers · Fliar Intelligence Index 24/100 | $46M | 61 mo ago | 30 | 2005 | — | — | 18 patents Intelligent HVAC control and fault detection via smart thermostat orchestration | 2 job openings |
| 10 | Farmers Edge Technology enabler providing managed services and digital solutions for the agriculture industry | $42M | 63 mo ago | 417 | 2005 | WordPressApple iCloud MailMySQL+38 | — | 145 patents Precision agriculture: satellite-based crop health monitoring, stress detection, and operation validation. | — |
| 11 | 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 | 2007 | ShopifyBootstrapRevy+35 | — | — | 1 award |
| 12 | Operto Provider of cloud-enabled property automation and access control solutions 72Global top 25%Tech top 26%Market top 38%Funding top 38% All 9 signals ▾Globaltop 25% Techtop 26% Markettop 38% Fundingtop 38% Moattop 39% Producttop 40% Growthtop 42% Talentbottom 49% Newsbottom 27% Global: Serving 60+ countries worldwide · Investors from 2 countries beyond Canada Tech: 64 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 72/100 | $41M | 39 mo ago | 140 | 2005 | WordPressApple iCloud MailGoogle Workspace+34 | — | — | — |
| 13 | 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 | 2015 | 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 |
| 14 | Orpyx Wearable devices for neuropathy patients and athletes 53Funding top 29%Growth top 35%Tech top 39%Product top 46% All 8 signals ▾Fundingtop 29% Growthtop 35% Techtop 39% Producttop 46% Talentbottom 49% Marketbottom 41% Globalbottom 37% Newsbottom 18% Funding: Raised $38.5M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 53/100 | $39M | 20 mo ago | 89 | 2010 | Apple iCloud MailMicrosoft 365Node.js+20 | — | — | — |
| 15 | 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 | 2018 | — | — | — | 1 expansion |
| 16 | Corinex Corinex provides digital grid reinforcement through digital capacity infrastructure 67Growth top 22%Innovation top 23%Funding top 26%Product top 30% All 10 signals ▾Growthtop 22% Innovationtop 23% Fundingtop 26% Producttop 30% Newstop 31% Moattop 48% Talentbottom 48% Marketbottom 45% Techbottom 44% Globalbottom 38% Growth: Fresh capital in last 24 mo Innovation: 9 product lines · Deep-tech classification: Tech Hardware rank vs industry peers · Fliar Intelligence Index 67/100 | $30M | 9 mo ago | 64 | 1999 | WebflowYouTubeWeglot+12 | 5 signals ▲67% Funding · Leadership | — | 1 partnership · 3 awards |
| 17 | XpertSea Shrimp farming platform optimizing production with AI and data analytics | $29M | 58 mo ago | 60 | 2009 | Cart FunctionalitySquarespace CommerceSquarespace+16 | — | 29 patents Patents concentrated in computing, sensing & instrumentation | — |
| 18 | Ambyint Provider of platform for oil well optimization | $26M | 31 mo ago | 40 | 2004 | HubSpot CMS HubGSAPAmazon Web Services+25 | — | — | 2 job openings |
| 19 | Xandar Kardian Provider of radar-based sensors for detecting human presence | $24M | 54 mo ago | 36 | 2005 | WordPressMySQLPHP+31 | — | — | — |
| 20 | VEERUM Provider of digital twin based asset visualization tool for manufacturing units 42Product top 30%Innovation top 34%Funding top 42%Tech bottom 49% All 8 signals ▾Producttop 30% Innovationtop 34% Fundingtop 42% Techbottom 49% Talentbottom 49% Marketbottom 38% Globalbottom 36% Newsbottom 22% Product: 6 distinct product lines · Company stage: Series B Innovation: 6 product lines rank vs industry peers · Fliar Intelligence Index 42/100 | $23M | 36 mo ago | 54 | 2014 | WordPressApple iCloud MailGoogle Workspace+25 | — | — | 1 job opening |
| 21 | Mysa Provider of app-based connected thermostats | $23M | 55 mo ago | 114 | 2016 | Cart FunctionalityShopifyApple iCloud Mail+34 | 5 signals ▲150% Funding | — | 2 job openings · 1 launch |
| 22 | Worximity Provider of production analysis software 37Funding top 39%Growth top 45%Tech top 45%Global bottom 37% All 6 signals ▾Fundingtop 39% Growthtop 45% Techtop 45% Globalbottom 37% Marketbottom 36% Newsbottom 22% Funding: Raised $22.2M across 5 rounds · 5 rounds over 11 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $22M | 48 mo ago | 44 | 2011 | Webflow EcommerceWebflowEmotion+25 | — | — | 1 partnership · 1 expansion |
| 23 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | 64 | 2009 | — | — | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 24 | 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 | 41 | 2016 | — | — | — | — |
| 25 | Raven Telemetry Cloud-based platform for assets monitoring 45Moat top 31%Funding top 37%Talent top 38%Growth top 45% All 10 signals ▾Moattop 31% Fundingtop 37% Talenttop 38% Growthtop 45% AItop 45% Techtop 48% Patentsbottom 44% Innovationbottom 38% Marketbottom 37% Globalbottom 36% Moat: Editorial + unicorn rating 7/10 · IP moat: 10 patents Funding: Raised $18.6M across 3 rounds · 3 rounds over 8 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $19M | 40 mo ago | 65 | 2013 | WordPressMySQLPHP+27 | — | 10 patents Industrial IoT performance monitoring and augmented management/analytics systems | — |
| 26 | Connect&Go Provider of a wearable device for guest engagement | $18M | 45 mo ago | 49 | 2012 | SentryZendeskVuetify+31 | — | 3 patents Certificate-less authentication and encryption for secure communications | — |
| 27 | BluWave-ai Developer of artificial intelligence software for optimizing energy grid operations 64Innovation top 21%Patents top 24%Moat top 25%Talent top 25% All 11 signals ▾Innovationtop 21% Patentstop 24% Moattop 25% Talenttop 25% AItop 30% Fundingtop 40% Producttop 40% Globalbottom 40% Marketbottom 38% Techbottom 34% Newsbottom 22% Innovation: 51 patents (top 30% of patent-holders) · 42 filings since 2022 vs 9 in 2017-21 Patents: 51 patents matched (strict assignee match) · 42 filings since 2022 vs 9 in 2017-21 rank vs industry peers · Fliar Intelligence Index 64/100 | $18M | 42 mo ago | 46 | 2017 | jQueryHSTSGoogle Workspace+3 | — | 51 patents Smart EV charging management and load allocation for power grid optimization | 2 awards |
| 28 | 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 | 2022 | WebflowApple iCloud MailGoogle Workspace+25 | — | — | 1 partnership |
| 29 | 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 | 2020 | Craft CMSPHPYii+13 | — | 21 patents Low-power analog front‑ends and transistor‑based neural network hardware for vision/audio AI | 1 job opening |
| 30 | SenseNet Provider of AI-powered solutions for early detection of mountain and forest fires 42AI top 25%Innovation top 33%Patents top 34%Funding top 40% All 9 signals ▾AItop 25% Innovationtop 33% Patentstop 34% Fundingtop 40% Moatbottom 49% Talentbottom 49% Techbottom 44% Globalbottom 36% Marketbottom 20% AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) Innovation: 18 patents (top 55% of patent-holders) · 18 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 42/100 | $14M | 7 mo ago | 7 | 2019 | WordPressMySQLPHP+21 | — | 18 patents AI-driven wildfire detection, smoke analysis, and real-time risk prediction using sensor networks | — |
| 31 | Shabodi Provider of IoT and AI application development platforms | $14M | 42 mo ago | 34 | 2020 | — | — | 22 patents API auto‑discovery and QoS orchestration for heterogeneous network services | 1 job opening |
| 32 | PreVu3D Provider of Digital Twin solutions 57Global top 25%Innovation top 38%Tech top 40%Funding top 41% All 9 signals ▾Globaltop 25% Innovationtop 38% Techtop 40% Fundingtop 41% Producttop 41% Growthtop 45% Talentbottom 49% Marketbottom 45% Newsbottom 22% Global: Serving 60+ countries worldwide · Investors from 1 country beyond Canada Innovation: 3 product lines rank vs industry peers · Fliar Intelligence Index 57/100 | $12M | 40 mo ago | 38 | 2017 | WordPressApple iCloud MailGoogle Workspace+31 | — | — | 3 launchs · 1 partnership |
| 33 | Fobi Cloud based platform offering customer engagement solutions 50Funding top 30%News top 30%Product top 35%Tech top 38% All 10 signals ▾Fundingtop 30% Newstop 30% Producttop 35% Techtop 38% Growthtop 42% AItop 45% Talenttop 45% Innovationbottom 42% Marketbottom 36% Globalbottom 36% Funding: Raised $11.5M across 6 rounds · 6 rounds over 5 yrs (1.2/yr) News: 10 BI events in 12 mo (of 70 tracked, 9 types) · +43% YoY rank vs industry peers · Fliar Intelligence Index 50/100 | $12M | 3 mo ago | 34 | 2017 | HubSpot CMS HubBootstrapAmazon Web Services+20 | 10 signals ▲43% Leadership · Regulatory · Announcements | — | — |
| 34 | 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 | — | 2013 | — | — | — | — |
| 35 | Nanoprecise Provider of AI-based predictive maintenance solutions for industrial equipment 62Innovation top 23%Talent top 28%Product top 29%AI top 30% All 12 signals ▾Innovationtop 23% Talenttop 28% Producttop 29% AItop 30% Fundingtop 39% Moattop 39% Techtop 42% Growthtop 45% Globalbottom 43% Marketbottom 41% Fin. healthbottom 31% Newsbottom 18% Innovation: 12 product lines · Deep-tech classification: Artificial Intelligence, Tech Hardware Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 62/100 | $10M | 14 mo ago | 73 73 → 97 (+33%) | 2015 | WordPress Block EditorWordPressMySQL+19 | — | — | 1 launch |
| 36 | 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 | 2017 | WordPressMySQLPHP+25 | 9 signals Funding · Capital raise | 17 patents Bulk material level sensing and monitoring using machine‑learning analytics | 1 partnership |
| 37 | Eigen Developer of AI-powered thermal imaging systems for industrial quality control 48Innovation top 34%Funding top 36%Moat top 39%Product top 43% All 10 signals ▾Innovationtop 34% Fundingtop 36% Moattop 39% Producttop 43% AItop 45% Talentbottom 49% Techbottom 43% Globalbottom 39% Marketbottom 34% Newsbottom 23% Innovation: 11 product lines Funding: Raised $8.1M across 11 rounds · 11 rounds over 10 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $8M | 20 mo ago | 24 | 2012 | — | — | — | — |
| 38 | Eli Provider of AI-base smart devices for women to monitor reproductive health 72Innovation top 25%Growth top 25%News top 25%Tech top 31% All 11 signals ▾Innovationtop 25% Growthtop 25% Newstop 25% Techtop 31% Talenttop 38% Fundingtop 40% Moattop 44% AItop 45% Producttop 46% Globalbottom 39% Marketbottom 31% Innovation: 4 new-product events in 24 mo · Deep-tech classification: Tech Hardware Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 72/100 | $7M | 12 mo ago | 19 | 2019 | Cart FunctionalityShopifyShop Pay+28 | 4 signals ▲300% New product | — | — |
| 39 | Potential Motors AI-enabled software solutions for vehicle control | $6M | 25 mo ago | 19 | 2018 | Cart FunctionalitySquarespace CommerceSquarespace+19 | — | 6 patents Patents concentrated in transport & manufacturing processes | — |
| 40 | 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 | 2022 | WixSentryBootstrap+12 | — | — | — |
| 41 | AirTest Provider of sensors for building energy management 19Growth top 45%Funding top 49%Global bottom 37%Tech bottom 33% All 6 signals ▾Growthtop 45% Fundingtop 49% Globalbottom 37% Techbottom 33% Marketbottom 24% Newsbottom 22% Funding: Raised $5.3M across 15 rounds · 15 rounds over 22 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 19/100 | $5M | 26 mo ago | 13 | 1996 | WebflowreCAPTCHAHSTS+9 | — | — | — |
| 42 | 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 | 2020 | WordPressMySQLPHP+10 | 13 signals ▼78% Funding · Announcements · Contracts | 48 patents Patents concentrated in electrical & electronics | — |
| 43 | 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 | — | 2021 | — | — | 17 patents RF front‑end components: millimeter‑wave antennas, circularly polarized structures, and filter circuits. | 1 launch · 1 partnership |
| 44 | Swan Chain AI-based computing and decentralized applications 24AI top 45%Tech top 48%Talent bottom 49%Funding bottom 42% All 6 signals ▾AItop 45% Techtop 48% Talentbottom 49% Fundingbottom 42% Globalbottom 38% Marketbottom 25% AI: Product described with: ai-based Tech: 21 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 24/100 | $4M | 20 mo ago | — | 2021 | GitBookNode.jsReact+10 | — | — | — |
| 45 | 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 | 2016 | WordPressMySQLRedis+20 | — | — | 1 launch |
| 46 | 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 | 2019 | — | — | — | — |
| 47 | FREDsense Provider of a biosensor platform to detect water-borne chemicals 55Innovation top 23%Talent top 28%Product top 36%Moat top 39% All 10 signals ▾Innovationtop 23% Talenttop 28% Producttop 36% Moattop 39% Techtop 44% Growthtop 45% Newstop 46% Fundingtop 49% Globalbottom 36% Marketbottom 34% Innovation: 5 product lines · Deep-tech classification: Tech Hardware Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 55/100 | $3M | 8 mo ago | 25 | 2014 | WordPressApple iCloud MailGoogle Workspace+32 | — | — | 1 launch |
| 48 | C2Ro Provider of AI video analytics solutions for retail and other industries 24Innovation top 48%Funding top 49%Tech top 50%Product bottom 48% All 7 signals ▾Innovationtop 48% Fundingtop 49% Techtop 50% Productbottom 48% Globalbottom 38% Marketbottom 27% Newsbottom 22% Innovation: 1 product line Funding: Raised $2.8M across 3 rounds · 3 rounds over 8 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 24/100 | $3M | 13 mo ago | 27 | 2016 | Wix eCommerceWixSentry+15 | — | — | — |
| 49 | Gatekeeper Systems Video management system provider | $2M | 7 mo ago | 60 | 1997 | WordPressApple iCloud MailMicrosoft 365+25 | 10 signals Earnings · Leadership · Contracts | — | — |
| 50 | TENZR Online platform providing devices for physical therapy rehabilitation 35Growth top 35%Tech top 48%Product bottom 45%Funding bottom 42% All 6 signals ▾Growthtop 35% Techtop 48% Productbottom 45% Fundingbottom 42% Globalbottom 38% Marketbottom 32% Growth: Fresh capital in last 24 mo Tech: 18 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud rank vs industry peers · Fliar Intelligence Index 35/100 | $400K | 18 mo ago | 24 | 2017 | WixSentryApple iCloud Mail+14 | — | — | — |
Top 12 Internet of Things - Industry Applications companies in Canada
#1
Public · Vancouver, British Columbia · founded 2017 · 34 employees$11.5Mraised▾
Cloud based platform offering customer engagement solutions. Its offering includes a data logger to aggregate premise data and an AI-powered analytics platform that enables businesses to action their data for diversified purposes. It facilitates venue management and provides detailed retail insights and personalized marketing. Its features include near field communication, a dashboard, a view, an integrable mobile application for remote management, personalized customer engagement, customizable reminders, and reports.
- Mar 2026Post IPO$987.9K
- Dec 2025Post IPO$365.6K
- Feb 2024Post IPO$393.9K
- Feb 2024Post IPO$1.5M
#2
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
#3
Series C · Kitchener, Ontario · founded 2017 · 32 employees$9.2Mraised▾
Provider of AI-powered feed management system optimizing animal feed supply chains. It provide solutions for feed mill operators and producers offering real-time monitoring and automation through advanced sensors and a user-friendly dashboard. The technology helps reduce trucking costs, labor, feed reclaims, and outages. It offers a subscription service with lifetime hardware warranty and comprehensive support, including installation, training, and data analytics. It focuses on improving animal health, employee safety, and feed conversion ratios, enabling efficient feed ordering and problem-solving.
- Dec 2025Conventional Debt$25M
- Jun 2025Series C$50M
- Aug 2024Series B$15M
- Sep 2020Series A$7.7M
#4
Series B · Vancouver, British Columbia · founded 1999 · 64 employees$30Mraised▾
Corinex provides digital grid reinforcement through digital capacity infrastructure. Its broadband powerline (BPL) technology brings visibility and control to the grid edge, helping utilities relieve constraints, prevent overloads, and accelerate electrification across electricity networks.
- Sep 2025Series B—
- Apr 2025Series B$30M
#5
Series A · Vancouver, British Columbia · founded 2019 · 7 employees$14Mraised▾
Provider of AI-powered solutions for early detection of mountain and forest fires. It provides gas sensors, smoke detection cameras, and a management platform. The platform integrates data from sensors, cameras, satellites, and weather stations. It offers incident management, alarms, and wildfire progress forecasts. The solutions cater to private companies, public authorities, and local communities.
- Oct 2025Series A$14M
#6
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
#7
Series C · Greater Sudbury, Ontario · founded 2015 · 38 employees$39Mraised▾
Flosonics Medical is a developer of non-invasive sensors for the management of critically ill patients, performing continuous monitoring of arterial flow with automatic artery detection. The company develops products for fluid responsiveness detection in the ICU, E.D, and operating room. The company's smart-bandage product, FloPatch, is designed to address the clinical needs of critically ill patients and the physicians, nurses, and paramedics who care for them in the ambulance, emergency department, operating room, and intensive care unit. The patch is disposable and is enabled with ultrasound technology.
- Mar 2025Venture Debt$5.2M
- May 2024Series C$20M
- Feb 2021Series A$14M
- Sep 2019Grant (prize money)—
#8
Seed · Toronto, Ontario · founded 2019 · 6 employees$3Mraised▾
Provider of cloud-integrated asset viewing platforms. Its products include single-sensor fusion tags, edge computing devices, and a real-time 3D viewing platform for assets with actionable metric dashboards for use cases like utilization, efficiencies, and safety. It caters to applications industries like warehousing, manufacturing, oil and gas, aviation, and parking.
- Dec 2025Grant (prize money)$1M
- Aug 2025Seed$2M
#9
Public · Abbotsford, British Columbia · founded 1997 · 60 employees$2Mraised▾
Gatekeeper Systems Inc. (GSI) is a leading provider of high-resolution video security and safety systems for mobile applications. The company claims that its video management software synchronizes real-time video, mapping, audio and vehicle sensors to create a total picture of operations. With these technologies, clients can detect, analyze and respond to safety and security threats anytime. The VMS can be used in the fields of transport, law enforcement, and other sectors.The company also provides special cameras for surveillance. Clientele includes Calgary HandiBus, Clovis Unified School, PEI, and Jackson Public Schools.
- Nov 2025Post IPO$7.1M
- Jul 2025Post IPO$7.3M
- May 2016Conventional Debt$1.5M
- Jul 2015Post IPO$689.9K
#10
Series A · Calgary, Alberta · founded 2014 · 25 employees$3Mraised▾
FREDsense has developed biosensors for detecting water-borne chemicals. The water sample is added to the cartridge of its product Field Ready Electrochemical Detector (FRED) wherein the engineered sensor bacteria detects chemical presence & produces an electrochemical signal. The process data is communicated through 3G, wifi or a USB connection to a computer, mobile device or server. It can be used to detect arsenic, iron, manganese & acidity level. Partners are H2O Challenge, Imagine H2O, Evok Innovations, and Canada Mining Council.
- Sep 2025Series A$7M
- Jul 2021Series A$2.5M
- Dec 2017Seed$500K
- Sep 2015Seed—
#11
Series A · Montreal, Montreal · founded 2019 · 19 employees$6.6Mraised▾
Eli is a provider of AI-based smart devices for women to monitor reproductive health. The platform provides a point-of-care device for women to get their everyday hormone profile, at home, from a saliva sample. The device helps to monitor their reproductive lives, including contraception, fertility, and menopause. It also provides an AI-based mobile app that enables users to interpret the information collected by the device and make informed decisions.
- Jun 2025Series A$12M
- Jan 2025Seed$1.1M
- Apr 2023Seed$3.7M
- Dec 2020Seed$1.5M
#12
Series A · Ottawa, Ontario · founded 2020 · 12 employees$14Mraised▾
Developer of all-analog AI neural network architecture for edge applications. It delivers efficient power and low latency using standard CMOS process technology. The company's technology offers solutions using industry standard software tools for always-on applications. It provides devices, chiplets, IP, and software for integration into various products.
- Apr 2025Series A$14M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet of Things - Industry Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Internet of Things is moving in Canada
A read on the academic research around Internet of Things — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 959 Canada-affiliated papers.
- Artificial Intelligence in Medicine74
- Carleton University61
- Concordia University57
- University of Waterloo50
- University of Ottawa45
- Computer security5→52
- Wireless2→48
- Wireless sensor network14→58
- Scalability1→41
- Computer network9→49
- Wireless7→32
- Computer security3→27
- Software deployment2→13
- Edge computing1→11
- World Wide Web1→11
- Key (lock)2→12
- Computer security6→15
- World Wide Web3→7
- Smart city3→7
- Internet privacy2→6
Where iot 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.
Who's filing iot patents in Canada
Canada iot patent filing is cooling — 13,905 filings from 8,000 assignees (2016–2025), led by Research IN Motion, Blackberry, Nortel Networks; annual filings 1764→732.
- Research IN Motion8385
- Blackberry5290
- Nortel Networks972
- Toronto Dominion BANK417
- Ericsson Telefon AB L M384
- Huawei TECH354
- Geotab341
- Cognitive Systems332