Radar · Internet of Things - Industry Applications in Ontario
Best Internet of Things - Industry Applications Companies in Ontario, Canada
The 307 best Internet of Things - Industry Applications companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amp.
By Rohit KhannaTrends & Stories
307companies tracked
$2Bdisclosed funding
0unicorns
107have raised
FLIAR INTELLIGENCE · INTERNET OF THINGS - INDUSTRY APPLICATIONS × ONTARIO
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.
184companies analysed
91%cloud-native stacks
2025funding peak (by rounds)
11unicorns
2016median founding year
521kcombined LinkedIn audience
68%of audience held by top 3
6companies hiring publicly (12 mo)
Ranked: Best Internet of Things - Industry Applications companies in Ontario
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Tech stack | 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 | Acquired | 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 | Series D | 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 | Acqui-Hired | 200 | 2012 | — | 323 patents Patents concentrated in computing, sensing & instrumentation | — |
| 4 | 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 | Acquired | 520 | 2007 | Amazon WebstoreContentfulApple iCloud Mail+37 | 82 patents Residential smart energy management and integrated home automation (thermostats, lighting, cameras). | 1 job opening |
| 5 | Untether AI Developer of hardware and software for artificial intelligence inference acceleration | $152M | 58 mo ago | Acqui-Hired | 122 | 2018 | WordPressMySQLPHP+21 | 78 patents High‑performance computational memory and dataflow architectures for AI acceleration | — |
| 6 | 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 | Series C | 30 | 2005 | — | 18 patents Intelligent HVAC control and fault detection via smart thermostat orchestration | 2 job openings |
| 7 | 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 | Series C | 62 | 2007 | ShopifyBootstrapRevy+35 | — | 1 award |
| 8 | BIONIK Provider of assistive and rehabilitation hardware and software solutions | $40M | 108 mo ago | Public | 12 | 2010 | — | — | — |
| 9 | 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 | Series C | 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 |
| 10 | 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 | Series B | 23 | 2018 | — | — | 1 expansion |
| 11 | Nymi Developer of wearable multi-factor authentication solution for passwordless access and security | $30M | 96 mo ago | Acquired | 43 | 2011 | Wix eCommerceWixSentry+22 | 52 patents Wearable biometric authentication and motion‑based user activity monitoring for secure access | 1 partnership |
| 12 | Xandar Kardian Provider of radar-based sensors for detecting human presence | $24M | 54 mo ago | Series A | 36 | 2005 | WordPressMySQLPHP+31 | — | — |
| 13 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | Series A | 64 | 2009 | — | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 14 | Bartesian Online platform offering cocktail dispenser | $20M | 62 mo ago | Series A | 23 | 2014 | Shogun Page BuilderAmazon WebstoreCart Functionality+57 | 25 patents Capsule-based beverage dispensing machines and their capsule loading adapters | — |
| 15 | 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 | 41 | 2016 | — | — | — |
| 16 | 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 | Series A | 65 | 2013 | WordPressMySQLPHP+27 | 10 patents Industrial IoT performance monitoring and augmented management/analytics systems | — |
| 17 | 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 | Series A | 46 | 2017 | jQueryHSTSGoogle Workspace+3 | 51 patents Smart EV charging management and load allocation for power grid optimization | 2 awards |
| 18 | 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 | 20 | 2022 | WebflowApple iCloud MailGoogle Workspace+25 | — | 1 partnership |
| 19 | 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 | Series A | 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 |
| 20 | Shabodi Provider of IoT and AI application development platforms | $14M | 42 mo ago | Series A | 34 | 2020 | — | 22 patents API auto‑discovery and QoS orchestration for heterogeneous network services | 1 job opening |
| 21 | 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 | Acquired | — | 2013 | — | — | — |
| 22 | 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 | Series C | 32 | 2017 | WordPressMySQLPHP+25 | 17 patents Bulk material level sensing and monitoring using machine‑learning analytics | 1 partnership |
| 23 | Praemo Provider of AI-based production analytics solution | $8M | 68 mo ago | Acquired | 9 | 2017 | Cart FunctionalityReactAMP+7 | — | — |
| 24 | Cognitive Systems Developer of physical surveillance solutions using RF technology | $7M | 85 mo ago | Seed | 71 | 2014 | Radix UITailwind CSSshadcn/ui+10 | 931 patents Patents concentrated in computing, sensing & instrumentation | 1 job opening · 1 launch |
| 25 | Energate Provider of app-based demand response solutions & energy management software solutions | $7M | 168 mo ago | Acqui-Hired | 26 | 2004 | — | 21 patents Intelligent demand‑response load control and adaptive thermostat systems for building energy management | — |
| 26 | Ukko Agro Provider of an analytic platform for the agriculture industry | $6M | 54 mo ago | Seed | 18 | 2017 | — | — | — |
| 27 | Deeplite Online platform for software testing and optimization | $6M | 62 mo ago | Acquired | 30 | 2019 | HubSpot CMS HubAmazon Web ServicesSplide+13 | 31 patents Low-bit quantization and compression techniques for neural network computer vision models. | — |
| 28 | Upchain Product life cycle management solutions for manufacturers | $6M | 99 mo ago | Acqui-Hired | 135 | 2015 | — | — | — |
| 29 | 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 | Seed | 19 | 2022 | WixSentryBootstrap+12 | — | — |
| 30 | Synex Medical Developer of non-invasive health monitoring technology using magnetic resonance spectroscopy | $5M | 67 mo ago | Seed | 24 | 2017 | Apple iCloud MailGoogle WorkspaceSalesforce+11 | 30 patents Patents concentrated in health & consumer products | — |
| 31 | Quartic AI-based equipment monitoring software solution | $5M | 79 mo ago | Series A | 60 | 2017 | WordPressMySQLPHP+32 | — | — |
| 32 | Move It Provider of smart fitness accessories and fitness training for smart homes | $5M | 81 mo ago | Series A | 30 | 2015 | — | — | — |
| 33 | AdHawk Microsystems Developer of imaging sensors embedded smart glasses | $5M | 104 mo ago | Series A | 41 | 2015 | — | 32 patents Compact MEMS optical scanners and low-power eye‑tracking systems for vision interfaces | — |
| 34 | 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 | Public | 3 | 2020 | WordPressMySQLPHP+10 | 48 patents Patents concentrated in electrical & electronics | — |
| 35 | 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 | Series A | — | 2021 | — | 17 patents RF front‑end components: millimeter‑wave antennas, circularly polarized structures, and filter circuits. | 1 launch · 1 partnership |
| 36 | eSight Provider of wearable glasses to help people with low vision to see | $4M | 84 mo ago | Seed | 51 | 2006 | WordPressMySQLPHP+31 | 118 patents Advanced wearable near‑eye optics and vision‑augmentation systems for AR/VR displays | 3 launchs |
| 37 | Intelligent Mechatronic Systems Provider of telematics solutions for insurance | $4M | 154 mo ago | Acqui-Hired | 140 | 1999 | — | — | — |
| 38 | CardioComm Solutions Provides software for electrocardiogram (“ECG”) management and reporting software | $4M | 144 mo ago | Public | 23 | 1989 | Cart FunctionalityWooCommerceWordPress+15 | 2 patents Unlocking and managing OTC biosignal recording devices for health monitoring | — |
| 39 | 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 | Seed | 22 | 2016 | WordPressMySQLRedis+20 | — | 1 launch |
| 40 | 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 | Seed | 6 | 2019 | — | — | — |
| 41 | Nanoleaf Energy efficient lightbulbs | $3M | 123 mo ago | Acquired | 95 | 2012 | Cart FunctionalityShopifyRoute+33 | — | — |
| 42 | Kiwi Wearable Technologies Motion Recognition Software | $2M | 129 mo ago | Deadpooled | — | 2013 | — | — | — |
| 43 | Daily Blends Provider of automated refrigerator offering chef-curated meals | $2M | 39 mo ago | Seed | 15 | 2014 | — | — | — |
| 44 | Chainvu Blockchain-based supply chain visibility & traceability solution provider | $2M | 90 mo ago | Deadpooled | 12 | 2017 | — | — | — |
| 45 | Else Labs Provider of connected cooking robots | $2M | 105 mo ago | Seed | 18 | 2013 | — | — | — |
| 46 | Verto Health Provider of AI-based digital twin platform for population health management | $2M | 69 mo ago | Seed | 44 | 2017 | — | — | — |
| 47 | Myant The company develops AI-optimized health solutions using textile computing | $1M | 61 mo ago | Funding Raised | — | 2010 | WordPressApple iCloud MailGoogle Workspace+24 | 184 patents Integrated textile-based biometric and physiological sensing for smart garments | 1 partnership |
| 48 | RainStick Provider of smart recirculating showers | $1M | 58 mo ago | Seed | 10 | 2019 | Cart FunctionalityShopifySentry+30 | — | — |
| 49 | Smart Nora Developer of a smart device to control snoring | $250K | 31 mo ago | Seed | — | 2015 | ShopifyZohoShop Pay+40 | — | — |
Top 12 Internet of Things - Industry Applications companies in Ontario
#1
Acquired · Toronto, Ontario · founded 2013$10Mraised▾
Acquired · Toronto, Ontario · founded 2013
Provider of construction risk mitigation platform integrating IoT and data analytics. The platform offers real-time monitoring, alerts, and analytics for construction projects. It focuses on mitigating water damage, monitoring concrete, and managing environmental risks. The platform serves general contractors, owners, developers, and insurance providers with risk mitigation solutions.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 33%Talent
top 38%Product
top 42%Moat
bottom 45%Market
bottom 40%Global
bottom 36%Funding: Raised $10.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Series B (Jan 2026)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Product: 1 published app (91 installs) · Company stage: Acquired
Audience (LinkedIn): 4k LinkedIn followers
Funding rounds
- Jan 2026Series B$10M
- Oct 2023Series A$10M
Founders & team
Investors
BDC, Graphite Ventures, GreenSky, Brightspark Ventures, Export Development Canada, MaRS IAF
#2
Series C · Kitchener, Ontario · founded 2017 · 32 employees$9.2Mraised▾
Series C · Kitchener, Ontario · founded 2017 · 32 employees
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.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
News
top 20%Growth
top 25%Global
top 28%Talent
top 28%AI
top 30%Funding
top 33%News: 9 BI events in 12 mo (of 15 tracked, 4 types) · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo · Top themes: Funding, Capital raise
Growth: Fresh capital in last 24 mo
Global: Serving 60+ countries worldwide · Investors from 2 countries beyond Canada · Tagged global-market in registry data
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. Trouw Nutrition Canada) announced in 12 mo
Funding rounds
- Dec 2025Conventional Debt$25M
- Jun 2025Series C$50M
- Aug 2024Series B$15M
- Sep 2020Series A$7.7M
Founders & team
Investors
Lewis & Clark Agrifood, Garage Technology Ventures, BDC, Chillingo, Garage Capital, Lead Edge Capital
Tech stack
Amazon Web ServicesAosBootstrapCloudflareCloudflare Bot ManagementCore-Js
#3
Series C · Toronto, Ontario · founded 2007 · 62 employees$41Mraised▾
Series C · Toronto, Ontario · founded 2007 · 62 employees
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.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 26%Tech
top 30%Growth
top 35%Innovation
top 38%Product
top 39%Moat
top 39%Funding: Raised $41.0M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) · Last round Series C (Feb 2025)
Tech: 54 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud · Observability: Sentry
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 12k LinkedIn followers — 2.4% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Feb 2025Series C$173.3K
- Nov 2024Series C$201.6K
- Aug 2022Series C$9.5M
- Jan 2018Series B$1.3M
Founders & team
Investors
ff Venture Capital, BDC, Export Development Canada, Phyto Partners, Iter Investments, CHOC
Tech stack
Apple PayBootstrapChargebeeClevertapCloudflareConvert
#4
Series C · Greater Sudbury, Ontario · founded 2015 · 38 employees$39Mraised▾
Series C · Greater Sudbury, Ontario · founded 2015 · 38 employees
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.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 29%Moat
top 32%Product
top 35%Patents
top 39%Innovation
top 42%Tech
top 44%Funding: Raised $39.0M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) · Last round Venture Debt (Mar 2025)
Moat: Editorial + unicorn rating 7/10 · IP moat: 22 patents · 10 curated direct competitors tracked
Product: 2 distinct product lines · Company stage: Series C
Audience (LinkedIn): 8k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Clinical Data Scientist, Jr. Quality Assurance Specialist
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
- Mar 2025Venture Debt$5.2M
- May 2024Series C$20M
- Feb 2021Series A$14M
- Sep 2019Grant (prize money)—
Investors
iGan Partners, Genesys Capital, MaRS IAF, Accel-Rx, Northern Ontario Angels, Amplify Capital
Tech stack
Apple Icloud MailBootstrapCdnjsCloudflareCloudflare Bot ManagementCloudflare Browser Insights
#5
Seed · Toronto, Ontario · founded 2019 · 6 employees$3Mraised▾
Seed · Toronto, Ontario · founded 2019 · 6 employees
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.
Fliar Intelligence Index™ 9how this company ranks against its industry peers
Talent
top 45%Funding
top 48%Global
bottom 29%Market
bottom 12%Talent: 2 named leaders on record
Funding: Raised $3.0M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Grant (prize money) (Dec 2025)
Global: Single-market focus (Canada)
Audience (LinkedIn): 403 LinkedIn followers
Funding rounds
- Dec 2025Grant (prize money)$1M
- Aug 2025Seed$2M
Founders & team
Investors
GreenSky, Geotab, DMZ Ventures
#6
Series A · Ottawa, Ontario · founded 2020 · 12 employees$14Mraised▾
Series A · Ottawa, Ontario · founded 2020 · 12 employees
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.
Fliar Intelligence Index™ 53how this company ranks against its industry peers
AI
top 25%Innovation
top 31%Patents
top 34%Funding
top 35%Talent
top 38%Growth
top 45%AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) · Product described with: neural network
Innovation: 21 patents (top 51% of patent-holders) · 21 filings since 2022 vs 0 in 2017-21 · Deep-tech classification: Artificial Intelligence, Tech Hardware
Patents: 21 patents matched (strict assignee match) · 21 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Audience (LinkedIn): 5k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: AI Compiler Engineer
Funding rounds
- Apr 2025Series A$14M
Founders & team
Investors
Cycle Capital, BDC, Fusion Fund, Two Small Fish Ventures, Real Ventures, ventureLAB
Tech stack
BootstrapCloudflareCraft CmsGoogle AnalyticsGoogle Font ApiGoogle Tag Manager
#7
Public · Toronto, Ontario · founded 2020 · 3 employees$4.4Mraised▾
Public · Toronto, Ontario · founded 2020 · 3 employees
Provider of an AI and SaaS-based digital health monitoring platform and device for healthcare providers. The company has developed a Health Gauge which assists professionals to monitor patients' health remotely with the help of AI-based technology. The tool has the ability to capture body vitals such as blood pressure, heart rate & HR variability, pulse wave velocity, and more. The AI used in the product can interpret health data on a real-time basis.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Patents
top 19%Innovation
top 22%AI
top 30%Moat
top 32%Product
top 35%Funding
top 37%Patents: 48 patents matched (strict assignee match) · 12 filings since 2022 vs 7 in 2017-21 · Latest publication 2025
Innovation: 48 patents (top 22% of patent-holders) · 12 filings since 2022 vs 7 in 2017-21 · Deep-tech classification: Artificial Intelligence, Tech Hardware
AI: Classified as an AI company · Product described with: ai-based
Funding rounds
- Apr 2025Post IPO$1.5M
- Dec 2024Post IPO$17.1K
- Nov 2024Post IPO$1.1M
- Jun 2024Post IPO$373.8K
#8
Seed · Toronto, Ontario · founded 2022 · 19 employees$5.5Mraised▾
Seed · Toronto, Ontario · founded 2022 · 19 employees
Provider of AI-powered platform for capital planning and asset decarbonization. The platform uses predictive analytics and real building data to guide capital planning decisions. It aligns decarbonization goals with financial realities across design, retrofit, and development. The platform offers portfolio-wide insights to uncover risks and opportunities. It provides a step-by-step plan, mapping out when to invest in capital projects.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
top 38%AI
top 45%Tech
top 50%Funding
bottom 49%Global
bottom 36%Market
bottom 28%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: ai-powered
Tech: 15 technologies across 5/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn · Observability: Sentry
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Apr 2025Seed$4M
- Jun 2024Seed$5.5M
- Jan 2023Seed$1.5M
- Sep 2022Seed—
Founders & team
Investors
Accelerator Centre, Building Ventures, MetaProp, 2048 Ventures, Blue Vision Capital, Powerhouse
#9
Series A · Toronto, Ontario · founded 2021$4.4Mraised▾
Series A · Toronto, Ontario · founded 2021
Developer of sensor and AI technology for risk and wellness detection. It offers a single sensor for installation in homes to detect falls. The sensor also monitors inactivity and changes in daily routines. The technology supports families and professional care teams with insight and alerts. It respects privacy by using no cameras, microphones, or wearables.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Patents
top 32%Innovation
top 34%Moat
top 38%Talent
top 38%Product
bottom 48%Funding
bottom 47%Patents: 17 patents matched (strict assignee match) · 17 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Innovation: 17 patents (top 57% of patent-holders) · 17 filings since 2022 vs 0 in 2017-21 · Deep-tech classification: Tech Hardware
Moat: Editorial + unicorn rating 4/10 · IP moat: 17 patents
Audience (LinkedIn): 8k LinkedIn followers
Activity (LinkedIn): 1 product launches · 1 partnerships (incl. Sourcewell) announced in 12 mo
Funding rounds
- Apr 2025Series A$4.4M
Founders & team
Investors
ventureLAB
#10
Series A · Toronto, Ontario · founded 2022 · 20 employees$17.2Mraised▾
Series A · Toronto, Ontario · founded 2022 · 20 employees
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.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
AI
top 20%Talent
top 28%Funding
top 34%Growth
top 35%Moat
top 39%Tech
top 46%AI: Classified as an AI company
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Funding: Raised $17.2M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Series A (Sep 2024)
Audience (LinkedIn): 12k LinkedIn followers — 2.3% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. RoviSys Asia) announced in 12 mo
Funding rounds
- Sep 2024Series A$13.4M
- May 2022Seed$3.8M
Founders & team
Investors
Glasswing Ventures, Caffeinated Capital, Graphite Ventures, MaRS IAF, Pareto, Plug and Play Tech Center
Tech stack
CdnjsCloudflareCloudflare Bot ManagementCore-JsGoogle AnalyticsGoogle Tag Manager
#11
Series D · Kitchener, Ontario · founded 2005 · 384 employees$307.3Mraised▾
Series D · Kitchener, Ontario · founded 2005 · 384 employees
Developer of traffic management software and intelligent transportation hardware systems. Products include video detection cameras, signal performance analytics, and adaptive signal control technology. The offerings facilitate emergency vehicle preemption and transit signal priority to improve traffic flow. Additional capabilities include portable data collection devices and cloud-based platforms for monitoring intersection performance and safety. These tools assist in managing signalized intersections and analyzing multimodal traffic data for operational planning.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
AI
top 15%Funding
top 24%Tech
top 27%Moat
top 31%Growth
top 32%Market
top 41%AI: Holds AI/ML patents (G06N-family CPC)
Funding: Raised $307M across 7 rounds · 7 rounds over 15 yrs (0.5/yr) · Last round Series D (Apr 2023)
Tech: 65 technologies across 4/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Security: Cloudflare Bot Management, Hsts
Audience (LinkedIn): 74k LinkedIn followers — 14.3% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Apr 2023Series D$194.5M
- Jan 2020Conventional Debt$15.2M
- Jan 2020Series C$75.9M
- May 2018Series B$11.7M
Founders & team
Investors
Ontario Centre of Innovation, TELUS Ventures, McRock Capital, Telus, Accelerator Centre, Comerica
Tech stack
AccessibeAdrollAdroll Cmp SystemAmazon CloudfrontAmazon S3Amazon Web Services
#12
Series B · Toronto, Ontario · founded 2018 · 23 employees$35.7Mraised▾
Series B · Toronto, Ontario · founded 2018 · 23 employees
Platform for reducing energy consumption. It monitors the consumption of gas and electricity by connecting to the building via the cloud and optimizes the mechanical systems. It provides real-time energy data and allows tracking of monthly savings through energy reports.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Product
top 30%Funding
top 32%Innovation
top 34%Talent
top 38%Moat
top 39%Tech
bottom 45%Product: 6 distinct product lines · Company stage: Series B
Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series B (Jun 2024)
Innovation: 6 product lines
Audience (LinkedIn): 8k LinkedIn followers
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Jun 2024Series B$19M
- Oct 2023Conventional Debt$4M
- Oct 2022Series B$8M
- Dec 2020Series A$5M
Founders & team
Investors
RET Ventures, Wyse, New York State, ArcTern Ventures, SVB, Idealist Capital
Tech stack
Master SliderWordpressMysqlPhpBootstrapAnimate.Css
Funding & investor landscape
$2Btotal disclosed funding
93companies funded
205disclosed rounds
0rounds last 90 days
Most active investors
Export Development Canada9 rounds
Notable founders
Anthony Fernando
Co-Founder · Brickeye
Richard Liang
Co-Founder & CTO · Brickeye
Randall Schwartzentruber
Co-Founder & Co-CEO · BinSentry
Nathan Hoel
Co-Founder & CTO · BinSentry
Jean Fournier
CEO · Muse
Noaman Makki
Co-Founder · Assetflo
Elie Makhoul
Co-Founder · Assetflo
Niraj Mathur
Co-Founder & CEO · Blumind
Roger Levinson
Chief Executive Officer · Blumind
Sheida Shahi
Co-Founder & CEO · Adaptis
Aida Mollaei
Co-Founder · Adaptis
Yihong Qi
Co-Founder | CTO · Pontosense
Prism market signals · Canada · country-scoped Prism corpus, 8,538,689 docs
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
RESEARCH FROM Ontario · institutions
What Ontario researches in iot
Ontario Tech University leads IoT research in edge computing and energy-efficient sensor networks, with recent work (16 post-2020 papers) predominantly optimistic, emphasizing breakthroughs over concerns.
22 papersstance +0.6859% breakthrough9% concern
local research themes
IoT and Edge/Fog ComputingEnergy Efficient Wireless Sensor NetworksOpportunistic and Delay-Tolerant NetworksMobile Ad Hoc NetworksContext-Aware Activity Recognition SystemsSecurity in Wireless Sensor Networks
top institutions
- Ontario Tech University9
- University of Ontario Institute of Technology9
- Public Health Ontario2
- Professional Engineers Ontario2
Common questions
How many Internet of Things - Industry Applications companies are there in Ontario, Canada?
Radar tracks 307 indexable Internet of Things - Industry Applications companies headquartered in Ontario, Canada that meet our profile-completeness bar.
What is the total funding raised by Internet of Things - Industry Applications companies in Ontario, Canada?
The Internet of Things - Industry Applications companies in Ontario, Canada on this list have raised a combined $2B in disclosed equity funding across 93 funded companies.
Which is the highest-funded Internet of Things - Industry Applications company in Ontario, Canada?
Amp is the highest-funded Internet of Things - Industry Applications company in Ontario, Canada, with $528.1M in disclosed equity funding.
How many Internet of Things - Industry Applications companies in Ontario, Canada are funded?
93 of the 307 Internet of Things - Industry Applications companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many Internet of Things - Industry Applications unicorns are there in Ontario, Canada?
None of the Internet of Things - Industry Applications companies in Ontario, Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Ontario, Canada Internet of Things - Industry Applications companies?
The most active investors in Ontario, Canada Internet of Things - Industry Applications companies on this list include Accelerator Centre, Ontario Centre of Innovation, BDC, Velocity, MaRS IAF.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.