Best Internet of Things Infrastructure Companies in Ontario, Canada
The 48 best Internet of Things Infrastructure companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Infobright.
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 Ontario
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Infobright Provider of a data analytics platform for IoT | $21M | 223 mo ago | Acquired | Cas Apanowicz Co-Founder | 2005 | — | 21 patents High-performance relational database storage, compression, and scalable analytics. | — |
| 2 | CSR Semiconductor and software provider for wireless technology IoT Connectivity | $19M | 286 mo ago | Acquired | Steve Mollenkopf CEO | 1999 | — | 4 patents Digital signal processing for broadcast tuners and video deinterlacing hardware | — |
| 3 | Shabodi Provider of IoT and AI application development platforms | $14M | 44 mo ago | Series A | Vikram Chopra Co-Founder | 2020 | — | 22 patents Patents concentrated in electrical & electronics | 1 job opening |
| 4 | 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 | 6 mo ago | Acquired | Anthony Fernando Co-Founder | 2013 | — | — | — |
| 5 | WireIE Provider of network solutions for IIOT deployments | $10M | 98 mo ago | Acquired | — | 2007 | — | — | — |
| 6 | MMB Networks Provider of hardware and software solutions for IoT connectivity | $7M | 127 mo ago | Series B | Russell Thomas President & CEO | 2008 | — | — | 1 launch |
| 7 | Springdel Technology Provider of an AI-powered mobile device management solution | $6M | 30 mo ago | Series A | Calvin Chung Co-founder & Chief Executive Officer | 2018 | WebflowApple iCloud MailGoogle Workspace+21 | — | 1 launch |
| 8 | 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 | 15 mo ago | Series A | Yihong Qi Co-Founder | CTO | 2021 | — | 17 patents Patents concentrated in electrical & electronics | 1 launch · 1 partnership |
| 9 | 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 | 9 mo ago | Public | — | 2016 | WebflowAmazon Web ServicesBambooHR+15 | — | 1 award |
| 10 | 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 | 8 mo ago | Seed | Noaman Makki Co-Founder | 2019 | — | — | — |
| 11 | BehrTech Provider of an wireless connectivity solution for IoT applications | $3M | 74 mo ago | Funding Raised | — | 2001 | — | — | — |
| 12 | 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 | 6 mo ago | Public | — | 2014 | WordPress Block EditorwpBakeryWordPress+28 | 2 patents Enterprise asset and inventory management software for tracking and control. | — |
| 13 | Pulse Industrial Provider of AI and IoT-based steam trap monitoring solutions | $2M | 40 mo ago | Seed | Thomas Uhlenbruck Co-Founder & CEO | 2018 | Wix eCommerceWixSentry+21 | — | — |
| 14 | mcThings Device management platform for IoT applications | $600K | 97 mo ago | Seed | John Groenland Director | 2013 | — | — | — |
| 15 | SensorSuite Cloud-based building energy management solution | $550K | 105 mo ago | Series A | — | 2012 | — | — | — |
| 16 | eleven-x Wireless connectivity solutions for IOT | $530K | 75 mo ago | Seed | Dan Mathers CEO & Co-Founder | 2014 | PHPNode.jsUbuntu+16 | 12 patents Secure encrypted communication authentication and smart parking occupancy sensor technology. | — |
Top 12 Internet of Things Infrastructure companies in Ontario
#1
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
#2
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
#3
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
#4
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
#5
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
#6
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
#7
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
#8
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
#9
Seed · Waterloo, Ontario · founded 2018 · 28 employees$1.9Mraised▾
Provider of AI and IoT-based steam trap monitoring solutions. It develops an AI-integrated and IoT-based system detects industrial steam pipe leaks and sends failure notifications via email. It leverages monitoring sensors that sense variations in vibration, ultrasound, and temperature, gateways. The offering sectors include manufacturing, pharmaceuticals, hospitals, universities, and food & beverage.
- Mar 2023Seed—
- Feb 2022Grant (prize money)$2.7M
- Apr 2021Seed$1.9M
- 2019Seed—
#10
Acquired · Cambridge, Ontario · founded 1999 · 2108 employees$19.2Mraised▾
CSR is a pioneering designer and developer of wireless connectivity chips and software for the consumer electronics market. Focused on five sectors - networked audio solutions, navigation, in-vehicle infotainment, Bluetooth smart for low energy connectivity for a host of devices. It provides SoCs and software for variety of protocols making it easier to integrate it in the electronic systems. Acquired companies in these sectors including SiRF in 2009, aptX® in 2010 and Zoran in 2011. Qualcomm acquired CSR in 2015 and CSR is now a constituent of Qualcomm Incorporated.
- Sep 2002Series A$12.2M
#11
Acquired · Mississauga, Ontario · founded 2007 · 23 employees$10Mraised▾
WireIE provides network solutions for IIOT deployments. The company owns and operates an private Ethernet network to connect the underserved in oil and gas, mining, utilities, healthcare, financial services, retail, Indigenous and government.
- May 2018Conventional Debt$10M
#12
Series B · Toronto, Ontario · founded 2008 · 37 employees$7Mraised▾
MMB Networks provides hardware and software solutions for IoT connectivity. Offers low power 802.15.4 wireless modules, full-featured IoT gateways, and other hardware products that enables users to connect to IoT platforms. Also offers RapidConnect, which is an interoperability software that enables customers to get to market quickly, & ensures their products meets customers’ expectations. Clientele includes Amazon, GE, Comcast, and more.
- Jan 2016Series B$7M
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
What Ontario researches in iot
- Ontario Tech University9
- University of Ontario Institute of Technology9
- Public Health Ontario2
- Professional Engineers Ontario2
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.