Best Internet of Things Infrastructure Companies in Canada
The 93 best Internet of Things Infrastructure companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Spark Microsystems.
Tracking the best Internet of Things Infrastructure companies in Canada by disclosed equity funding and recent momentum, this directory covers 93 active players with a combined $237M raised. No unicorns yet, but the funding is real and concentrated: Spark Microsystems leads at $46M, a figure that dwarfs the next tier, with Pontosense at $4M and Brickeye at $10M rounding out the upper bracket. So where's the weight? Mostly in hardware and connectivity substrate, which makes sense given the sector's hottest themes right now: 5G rollout, industrial IoT deployment, and the latency demands that 5G base stations are finally starting to answer.
The broader connected-device ecosystem is moving. Median app install growth of roughly 13% year-over-year across internet and internet retail categories tells you consumer demand for the software layer is pulling hardware investment with it. I'd watch that gap between Spark Microsystems and the rest of the pack, because it signals where institutional backers like BDC, Export Development Canada and MaRS Discovery District are placing conviction bets. You've got 93 companies competing for that attention, most still well below the $10M mark. That's not a weakness, it's a map of where the next funding rounds are likely to surface as 5G infrastructure spending accelerates across Canadian industrial and commercial markets.
Our analysis of 50 Internet of Things Infrastructure companies
$10.3b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Internet of Things Infrastructure companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Spark Microsystems Provider of low-power radio transceivers for IoT applications 60Funding top 25%Talent top 25%News top 33%Innovation top 37% All 10 signals ▾Fundingtop 25% Talenttop 25% Newstop 33% Innovationtop 37% Moattop 37% Patentstop 40% Growthtop 45% Marketbottom 47% Techbottom 46% Globalbottom 37% Funding: Raised $46.3M across 5 rounds · 5 rounds over 9 yrs (0.6/yr) Talent: Analyst team rating 4/5 · 5 named leaders on record rank vs industry peers · Fliar Intelligence Index 60/100 | $46M | 3 mo ago | 64 | 2016 | Mohammad Taherzadeh Co-Founder | WordPress Block EditorwpBakeryWordPress+28 | 12 patents Ultra‑wideband wireless radios, transceivers, and signal‑processing methods for short‑range communication | 1 launch · 1 partnership |
| 2 | Bitstew Systems Software defined operations for industrial IoT 60Talent top 15%Funding top 40%Market top 47%Global bottom 36% All 5 signals ▾Talenttop 15% Fundingtop 40% Markettop 47% Globalbottom 36% Newsbottom 27% Talent: Analyst team rating 5/5 Funding: Raised $24.7M across 6 rounds · 6 rounds over 13 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $25M | 120 mo ago | 100 | 2005 | — | — | — | — |
| 3 | Infobright Provider of a data analytics platform for IoT | $21M | 221 mo ago | 39 | 2005 | Cas Apanowicz Co-Founder | — | 21 patents High-performance relational database storage, compression, and scalable analytics. | — |
| 4 | CSR Semiconductor and software provider for wireless technology IoT Connectivity | $19M | 285 mo ago | 2,108 | 1999 | Steve Mollenkopf CEO | — | 4 patents Digital signal processing for broadcast tuners and video deinterlacing hardware | — |
| 5 | Octasic Silicon and software solutions for wireless base stations and gateways. | $16M | 292 mo ago | 185 | 1998 | — | WebflowSanityZoho+27 | 19 patents Patents concentrated in electrical & electronics | — |
| 6 | SensorUp Provider of an IoT data exchange and application enablement platform | $15M | 36 mo ago | 35 | 2011 | — | Webflow EcommerceWebflowApple iCloud Mail+19 | — | 2 partnerships |
| 7 | HaiLa Developer of ultra-low power radio frequency communication solutions and related products | $15M | 32 mo ago | 22 | 2017 | — | — | — | — |
| 8 | Shabodi Provider of IoT and AI application development platforms | $14M | 42 mo ago | 34 | 2020 | Vikram Chopra Co-Founder | — | 22 patents API auto‑discovery and QoS orchestration for heterogeneous network services | 1 job opening |
| 9 | 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 | 5 mo ago | — | 2013 | Anthony Fernando Co-Founder | — | — | — |
| 10 | WireIE Provider of network solutions for IIOT deployments | $10M | 97 mo ago | 23 | 2007 | — | — | — | — |
| 11 | MMB Networks Provider of hardware and software solutions for IoT connectivity | $7M | 125 mo ago | 37 | 2008 | Russell Thomas President & CEO | — | — | 1 launch |
| 12 | Springdel Technology Provider of an AI-powered mobile device management solution | $6M | 29 mo ago | 28 | 2018 | Calvin Chung Co-founder & Chief Executive Officer | WebflowApple iCloud MailGoogle Workspace+21 | — | 1 launch |
| 13 | 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 | Yihong Qi Co-Founder | CTO | — | 17 patents RF front‑end components: millimeter‑wave antennas, circularly polarized structures, and filter circuits. | 1 launch · 1 partnership |
| 14 | Helios Wire Building satellite-enabled monitoring and messaging service for IoT devices | $4M | 106 mo ago | 2 | 2016 | — | — | — | — |
| 15 | Intrinsyc Product development services for intelligent connected devices. | $3M | 99 mo ago | 93 | 1992 | — | — | — | — |
| 16 | Cybeats Provider of a cybersecurity platform for IoT devices 60News top 19%Product top 19%Growth top 25%Partners top 32% All 10 signals ▾Newstop 19% Producttop 19% Growthtop 25% Partnerstop 32% Fundingtop 36% Innovationtop 38% Moattop 48% Techbottom 48% Marketbottom 43% Globalbottom 38% News: 5 BI events in 12 mo (of 43 tracked, 8 types) · +150% YoY Product: 3 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 60/100 | $3M | 7 mo ago | 41 | 2016 | — | WebflowAmazon Web ServicesBambooHR+15 | — | 1 award |
| 17 | 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 | Noaman Makki Co-Founder | — | — | — |
| 18 | BehrTech Provider of an wireless connectivity solution for IoT applications | $3M | 72 mo ago | 2 | 2001 | — | — | — | — |
| 19 | BeWhere Developer of IoT enabled devices such as sensors and beacons 40Product top 14%Tech top 36%Funding top 37%Growth top 40% All 11 signals ▾Producttop 14% Techtop 36% Fundingtop 37% Growthtop 40% Newstop 40% Partnerstop 42% Moattop 45% Innovationbottom 44% Globalbottom 31% Marketbottom 30% Patentsbottom 24% Product: 11 distinct product lines · Company stage: Public Tech: 41 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 40/100 | $3M | 4 mo ago | 15 | 2014 | — | WordPress Block EditorwpBakeryWordPress+28 | 2 patents Enterprise inventory and asset management control systems (ERP/IoT integration). | — |
| 20 | RightMesh Mesh networking platform | $2M | 91 mo ago | 5 | 2014 | Chris Jensen Co-Founder | — | — | — |
| 21 | Pulse Industrial Provider of AI and IoT-based steam trap monitoring solutions | $2M | 38 mo ago | 28 | 2018 | Thomas Uhlenbruck Co-Founder & CEO | Wix eCommerceWixSentry+21 | — | — |
| 22 | Distrix Gateway for WAN virtualization | $2M | 144 mo ago | 12 | 2006 | — | — | — | — |
| 23 | DataToWeb IoT Monitoring Platform to collect, store and analyze their time series data online. | $650K | 175 mo ago | — | 2008 | Joel Lavoie Founder | — | — | — |
| 24 | mcThings Device management platform for IoT applications | $600K | 95 mo ago | 8 | 2013 | John Groenland Director | — | — | — |
| 25 | SensorSuite Cloud-based building energy management solution | $550K | 103 mo ago | 13 | 2012 | — | — | — | — |
| 26 | eleven-x Wireless connectivity solutions for IOT | $530K | 73 mo ago | 29 | 2014 | Dan Mathers CEO & Co-Founder | PHPNode.jsUbuntu+16 | 12 patents Secure encrypted communication authentication and smart parking occupancy sensor technology. | — |
Top 12 Internet of Things Infrastructure companies in Canada
#1
Series B · Montreal, Montreal · founded 2016 · 64 employees$46.3Mraised▾
Provider of low-power radio transceivers for IoT applications. It develops radio transceivers that enable the internet of things applications. Its features include low power consumption during transmitting and receiving, ultra-short wireless latency, and time-of-flight positioning. It has applications in gaming, audio, smart home and home security equipment, industrial, retail, and medical sectors.
- Mar 2026Series B$12.4M
- Mar 2023Series B$24.6M
- Apr 2022Series A$5.7M
- Feb 2021Series A$13.8M
#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
Public · Toronto, Ontario · founded 2014 · 15 employees$2.9Mraised▾
BeWhere manufactures hardware and software solutions to track information on non-powered moveable assets. It provides sensors and beacons to collect multiple parameters, in real-time, such as the impact, temperature, humidity, light, exposure, and leverage communication protocols such as LPWA, NB IoT, and BLE to collect data to the cloud.
- Feb 2026Post IPO$2.9M
#4
Public · Toronto, Ontario · founded 2016 · 41 employees$3Mraised▾
Provider of a cybersecurity platform for IoT devices. It provides solutions to identify security vulnerabilities in the development process of a device and protects it against abnormal device behaviour and allows immediate response without downtime. It also provides SOC integration and tools to manage the ongoing security of deployed devices, including secure firmware updates.
- Nov 2025Post IPO$1M
- Nov 2024Post IPO$135.6K
- Apr 2024Post IPO$1.8M
- Apr 2023Post IPO$4.6M
#5
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
#6
Series A · Toronto, Ontario · founded 2021$4.4Mraised▾
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.
- Apr 2025Series A$4.4M
#7
Series A · Montreal, Montreal · founded 2017 · 22 employees$15.3Mraised▾
Developer of ultra-low power radio frequency communication solutions and related products. The company provides technology for building automation, home automation, industrial automation, and wearables. It also offers solutions for smart transport, automotive, medtech, agtech, and logistics applications. The company develops and offers a range of products related to its core technology.
- Oct 2023Series A$10.3M
- Aug 2021Grant (prize money)$3M
- May 2020Seed$5M
#8
Series B · Calgary, Alberta · founded 2011 · 35 employees$15.4Mraised▾
Provider of an IoT data exchange and application enablement platform. Products include sensor things cloud, smart cities starter kit, as well as training and support along with dashboards for admin, developer, and map. Also offers developer tools like SDK for the chart, mobile, android-wear, and high chart data table to build applications, and connect gateways.
- Jun 2023Series B$9M
- Jan 2022Grant (prize money)$395.7K
- Jul 2020Series A$4.4M
- Jun 2018Seed$2M
#9
Series A · Kitchener, Ontario · founded 2018 · 28 employees$5.7Mraised▾
Provider of an AI-powered mobile device management solution. Allows users to connect different rugged devices & IoT endpoints and provides intelligent edge computing solution for IoT endpoints. The platform uses machine learning technology and enables users to manage their mobile device deployments by placing it on autopilot.
- Jan 2024Series A$3.7M
- Jun 2022Seed$2M
#10
Series A · Ontario · founded 2020 · 34 employees$13.7Mraised▾
Provider of IoT and AI application development platforms. The platform simplifies access to network application programming interfaces with a single integration. It automates interactions between applications and networks, offering portability across multi-access, multi-vendor networks. The platform supports consistent performance for applications across network infrastructures. It enables the development of cloud edge, IoT, autonomous, and data-driven applications.
- Dec 2022Series A$10.3M
- Dec 2021Seed$3.2M
- Feb 2021Seed$200.4K
#11
Deadpooled · Burnaby, British Columbia · founded 2005 · 100 employees$24.7Mraised▾
Bit Stew Systems removes the complexity of industrial operations and connected machines to give clarity and control back to the operator. Purpose-built for the Industrial Internet, Bit Stew's Mix Core platform automates data ingestion, applies machine intelligence to learn patterns in the data, allowing industrial companies to discover actionable insights that optimize operational performance. The company has been acquired by GE Digital.
- Jun 2016Series C$991.6K
- Apr 2016Series B$1.1M
- May 2015Series B$17.2M
- May 2014Venture Debt$3.5M
#12
Acquired · Toronto, Ontario · founded 2005 · 39 employees$21Mraised▾
Infobright develops an analytic database designed for applications and data marts that analyze large volumes of machine-generated data such as web data, network logs, telecom records, stock tick data, and sensor data. The solution is capable of storing and analyzing sensor data at an IoT scale. Common use cases are for enterprises, SaaS, and software companies in online businesses, telecommunications, financial services, and other industries to provide rapid analysis of critical business data.
- Jan 2008Series C$10M
- Sep 2007Series B$8M
- Jan 2006Series A$3M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet of Things Infrastructure 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.