Best Internet of Things - Industry Applications Companies in Quebec, Canada
The 43 best Internet of Things - Industry Applications companies in Quebec, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: BrainBox AI.
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 Quebec
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 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 | 37 mo ago | Acquired | Sean Neely Vice-Chair of the Board of Directors | 2017 | HubSpot CMS HubApple iCloud MailMicrosoft 365+21 | 16 patents AI-driven optimization and dynamic control of HVAC systems in buildings | — |
| 2 | Distech Controls Building management solutions | $37M | 161 mo ago | Acquired | — | 1995 | SitecoreVideoJSYouTube+27 | 189 patents AI-driven smart building environmental control and sensor integration for HVAC optimization | 1 partnership · 2 awards |
| 3 | XpertSea Shrimp farming platform optimizing production with AI and data analytics | $29M | 60 mo ago | Series B | — | 2009 | Cart FunctionalitySquarespace CommerceSquarespace+16 | 29 patents Patents concentrated in computing, sensing & instrumentation | — |
| 4 | wrnch Platform for machine learning on edge devices | $9M | 86 mo ago | Acqui-Hired | — | 2015 | — | 29 patents Computer vision algorithms for human pose, activity recognition, and depth estimation | — |
| 5 | BioTwin AI-based digital twin solutions for healthcare professionals | $7M | 44 mo ago | Series A | Louis Noel Co-Founder & CEO | 2018 | — | — | — |
| 6 | Verdant Networking thermostat energy management systems for hospitality industry | $6M | 91 mo ago | Acquired | Alain Belanger CEO | 2008 | Node.jsSvelteKitSvelte+9 | — | — |
| 7 | 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 | 23 mo ago | Seed | Charles Cao Co-Founder & CEO | 2021 | GitBookNode.jsReact+10 | — | — |
| 8 | Relevium technologies Provider of magnetic wearable devices for pain relief and rehabilitation | $400K | 75 mo ago | Public | Aurelio Useche CEO | 2015 | — | — | — |
Top 10 Internet of Things - Industry Applications companies in Quebec
#1
Acquired · Montreal, Quebec · founded 2017 · 170 employees$102.8Mraised▾
Developer of an AI platform for building HVAC system optimization. The platform autonomously optimizes HVAC systems to reduce energy consumption. It offers a cloud building management system for portfolio-wide control. The company provides resources, including articles, case studies, and tools, related to AI and sustainability.
- Jul 2023Series B$10M
- Apr 2023Series B$30M
- Feb 2023Series A$4.8M
- Oct 2022Grant (prize money)$178.2K
#2
Seed · Montreal, Quebec · founded 2021$3.9Mraised▾
AI-based computing and decentralized applications. It offers a layer two blockchain for AI computing and AI integration with comprehensive storage solutions. It also offers cross-chain infrastructure for Web3 projects integrating data, computing, and payment into one suite.
- Sep 2024Seed$850K
- Jan 2023Seed$3M
#3
Series B · Quebec City, Quebec · founded 2009 · 60 employees$29.2Mraised▾
Shrimp farming platform optimizing production with AI and data analytics. This is a Software as a Service (SaaS) platform that empowers shrimp farmers to control their production in real-time. The app and platform transform daily records into personalized guidance using machine learning and artificial intelligence. It supports every stage of the harvest with recommendations to optimize handling, improve field practices, and ensure productivity and profitability. The platform integrates analytical data from biomass, biological and environmental parameters, feeding, and utility to provide a complete view of production. Key features include pond vision, intelligent pool monitoring, predictive and analytical intelligence, and digital team integration. Farmers can connect anytime, anywhere, identify commercial sizes before harvest, receive real-time alerts, access in-depth analytics, and monitor biomass evolution. It also offers control of biological parameters with geolocated records and standardized, auditable reports. This data-driven approach reduces human error, increases farm efficiency, and enables faster, more precise decisions, promoting sustainable and efficient shrimp farming
- Aug 2021Series B$20M
- Apr 2018Series A$7.9M
- May 2015Seed$1.3M
- Nov 2011Grant (prize money)$30K
#4
Series A · Quebec City, Quebec · founded 2018$6.6Mraised▾
AI-based digital twin solutions for healthcare professionals. These digital twins allow early detection & prediction of diseases and innumerable simulations. They also provide decision support solution and more
- Nov 2022Series A$6.6M
#5
Acquired · Brossard, Quebec · founded 1995 · 190 employees$37Mraised▾
Distech Controls provides building management technologies and services that optimize energy efficiency and comfort in buildings. It offers EC-NetAX, a Web-based BAS that provides integration of HVAC, lighting, access control, CCTV, energy management, and other building systems: ECLYPSE, which offers connected IP and Wi-Fi product series and many other building management products. Their IP-based solution, Eclypse awarded by Consulting-Specifying Engineer as 2015 top product.
- Mar 2013Series A$37M
#6
Acqui-Hired · Montreal, Quebec · founded 2015 · 38 employees$9.3Mraised▾
Platform for machine learning on edge devices. The platform supports building and deploying intelligent models that run efficiently on local hardware. It focuses on enabling perception and decision making close to the data source through an integrated online development system.
- Jun 2019Series A$7.5M
- Feb 2016Series A$1.8M
#7
Acquired · Saint laurent, Quebec · founded 2008 · 70 employees$6Mraised▾
Verdant Environmental Technologies specializes in the energy management for the hospitality industry to reduce guest room heating and air-conditioning costs. Their patented thermostat technology modulates heating and cooling based on random occupancy patterns by using wireless networking to connect to remote management systems for increasing energy savings. Verdant’s EI energy management service maximises property’s energy savings through intelligent real-time automation that’s customized for property
- Jan 2019Conventional Debt$6M
#8
Public · Montreal, Quebec · founded 2015$400Kraised▾
Provider of magnetic wearable devices for pain relief and rehabilitation. Patented technology helps in the recovery process from injuries by improving circulation and reducing pain. The company focuses on the development and commercialization of magnetic technology for use in therapeutic devices to assist in the recovery and healing process from injuries in muscles, ligaments, and tendons.
- May 2020Post IPO$1.8M
- Jun 2019Post IPO$1.2M
- Jun 2016Post IPO$400K
#9
Funding Raised · Montreal, Quebec · founded 2022—raised▾
Provider of a wearable device to manage menstrual pain. The company develops a discreet and wearable device that alleviates menstrual pain for lasting relief.
- Nov 2025Grant (prize money)—
#10
Seed · Quebec City, Quebec · founded 2012 · 73 employees—raised▾
Developer of an ECG recording device. The company has developed a portable ECG recorder called CardioSTAT designed for continuous long-term monitoring. It ensures optimal patient compliance and high-quality recordings. It helps to detect heart rhythm problems. It also helps in the detection of atrial fibrillation.
- Dec 2019Seed—
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 Motion8366
- Blackberry5288
- Nortel Networks965
- Toronto Dominion BANK417
- Ericsson Telefon AB L M384
- Huawei TECH354
- Geotab341
- Cognitive Systems332
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.