Best IoT Applications Companies in Ontario, Canada
The 89 best IoT Applications companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amp.
Ranked: Best IoT Applications companies in Ontario
| # | Company | Disclosed funding | Last round | Employees | Founder | 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 | 53 mo ago | 41 | David Rogers Founder & CEO | 2009 | HubSpot CMS HubBootstrapIsotope+17 | 8 patents Coordinated multi-device streaming and playback synchronization for digital audio/video content | — |
| 2 | 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 | Robert Chiste Chairman and CEO | 2005 | — | 18 patents Intelligent HVAC control and fault detection via smart thermostat orchestration | 2 job openings |
| 3 | 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 | Brian MacLeod Co-Founder | 2018 | — | — | 1 expansion |
| 4 | Xandar Kardian Provider of radar-based sensors for detecting human presence | $24M | 54 mo ago | 36 | Sung Cho Co-Founder | 2005 | WordPressMySQLPHP+31 | — | — |
| 5 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | 64 | Dale Hall Executive VP & Co-Founder | 2009 | — | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 6 | 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 | Humera Malik Founder & CEO | 2016 | — | — | — |
| 7 | 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 | Priyansh Srivastava Co-Founder | 2013 | WordPressMySQLPHP+27 | 10 patents Industrial IoT performance monitoring and augmented management/analytics systems | — |
| 8 | 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 | Paul Georges Leroux Co-Founder | 2017 | jQueryHSTSGoogle Workspace+3 | 51 patents Smart EV charging management and load allocation for power grid optimization | 2 awards |
| 9 | 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 | 6 mo ago | 32 | Randall Schwartzentruber Co-Founder & Co-CEO | 2017 | WordPressMySQLPHP+25 | 17 patents Bulk material level sensing and monitoring using machine‑learning analytics | 1 partnership |
| 10 | Praemo Provider of AI-based production analytics solution | $8M | 68 mo ago | 9 | Michael Martinez Co-Founder & CEO | 2017 | Cart FunctionalityReactAMP+7 | — | — |
| 11 | Energate Provider of app-based demand response solutions & energy management software solutions | $7M | 168 mo ago | 26 | — | 2004 | — | 21 patents Intelligent demand‑response load control and adaptive thermostat systems for building energy management | — |
| 12 | Ukko Agro Provider of an analytic platform for the agriculture industry | $6M | 54 mo ago | 18 | Avi Bhargava Co-Founder & CTO | 2017 | — | — | — |
| 13 | 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 | Sheida Shahi Co-Founder & CEO | 2022 | WixSentryBootstrap+12 | — | — |
| 14 | Quartic AI-based equipment monitoring software solution | $5M | 79 mo ago | 60 | Pranav Prakash Co-Founder | 2017 | WordPressMySQLPHP+32 | — | — |
| 15 | 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 | Mostafa Salehi Co-Founder | 2016 | WordPressMySQLRedis+20 | — | 1 launch |
| 16 | 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 | Noaman Makki Co-Founder | 2019 | — | — | — |
| 17 | Daily Blends Provider of automated refrigerator offering chef-curated meals | $2M | 39 mo ago | 15 | Purva Gupta Co-Founder & CTO | 2014 | — | — | — |
| 18 | Chainvu Blockchain-based supply chain visibility & traceability solution provider | $2M | 90 mo ago | 12 | — | 2017 | — | — | — |
| 19 | Aislelabs Personalized retail analytics and marketing | $2M | 147 mo ago | 43 | Garrett Schemmel CEO | 2013 | WordPressMySQLPHP+28 | — | — |
| 20 | SensorSuite Cloud-based building energy management solution | $550K | 103 mo ago | 13 | — | 2012 | — | — | — |
| 21 | Jibestream Indoor mapping and navigation technologies | $500K | 160 mo ago | 10 | — | 2009 | — | 3 patents Indoor wayfinding and targeted digital signage systems | — |
| 22 | Energent Provider of energy management solutions | $291K | 44 mo ago | 13 | Chris Reid President & CEO | 2007 | — | 9 patents Software for smart energy hub control and electricity price forecasting | — |
| 23 | CircuitMeter Solutions Electrical metering solution for commercial buildings | $250K | 121 mo ago | 8 | — | 2009 | — | 7 patents Electrical meter isolation interfaces and power network monitoring systems | 2 launchs |
Top 12 IoT Applications companies in Ontario
#1
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
#2
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
#3
Seed · Toronto, Ontario · founded 2022 · 19 employees$5.5Mraised▾
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.
- Apr 2025Seed$4M
- Jun 2024Seed$5.5M
- Jan 2023Seed$1.5M
- Sep 2022Seed—
#4
Series B · Toronto, Ontario · founded 2018 · 23 employees$35.7Mraised▾
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.
- Jun 2024Series B$19M
- Oct 2023Conventional Debt$4M
- Oct 2022Series B$8M
- Dec 2020Series A$5M
#5
Seed · Toronto, Ontario · founded 2016 · 22 employees$3.7Mraised▾
AI-powered energy management software. It provides AI-powered energy management software solutions to large energy consumers, enabling them to reduce energy costs and emissions through predictive analytics and IoT-based monitoring.
- Jan 2025Seed$2.5M
- Dec 2024Seed$1.2M
#6
Acquired · Mississauga, Ontario · founded 2009 · 41 employees$528.1Mraised▾
Developer of renewable energy assets, battery storage, and digital energy platforms. The company delivers renewable energy and flexibility-as-a-service. It focuses on solar, wind, green hydrogen, ammonia, and utility-scale storage. The company provides an artificial intelligence-enabled digital energy platform. It offers smart transformers, virtual power plants, and dynamic load shaping.
- Jan 2022Conventional Debt$350M
- Nov 2021Conventional Debt$67.8M
- Jan 2021PE$374M
- Oct 2018PE$154.1M
#7
Series A · Ottawa, Ontario · founded 2017 · 46 employees$17.8Mraised▾
Developer of artificial intelligence software for optimizing energy grid operations. The company provides solutions for smart grid optimization, data center energy management, and electric vehicle fleet orchestration. Its products support grid operators, utilities, and enterprises in managing energy storage and renewable energy resources. The company's technology also caters to off-grid microgrids and electric vehicle infrastructure.
- Dec 2022Series A$9.5M
- Nov 2022Conventional Debt$1.7M
- Apr 2022Series A$4.5M
- Mar 2020Seed$212.7K
#8
Series A · Ottawa, Ontario · founded 2013 · 65 employees$18.6Mraised▾
Cloud-based platform for assets monitoring. It uses artificial intelligence that offers tools for real-time prescriptive analytics connected with machines, collects data such as up-time, counts, and error codes, and transmits data to the cloud. It analyses this data to find patterns and predict the future performance of machines and allows escalation in case of any issues are found. It is a tool available on the subscription based pricing model.
- Jan 2023Series A$12M
- May 2018Series A$6.1M
- Seed$500K
#9
Series C · Toronto, Ontario · founded 2005 · 30 employees$45.7Mraised▾
Provider of wireless energy management solutions. It offers enviro grid swarm logic controllers that are attached to electrical loads like air conditioning, heaters, compressors, pumps, humidifiers, dehumidifiers, to communicate and coordinate with each other and to reduce electrical demand for commercial, industrial, institutional, and multi-unit residential facilities.
- May 2021Series C$7.5M
- Dec 2020Series C$2.2M
- Oct 2018Series C$4.9M
- Dec 2016Series C$11.5M
#10
Series A · Toronto, Ontario · founded 2016 · 41 employees$19.2Mraised▾
Developer of AI platform that transforms scattered information into actionable insights. The platform offers real-time insights, eliminating data hunting for knowledge workers. It provides purpose-built AI assistants for various industries, including manufacturing, healthcare, finance, and government. The platform retrieves, analyzes, and flags discrepancies between systems and documents. It delivers validated information and integrates with existing enterprise ecosystems.
- Aug 2022Series A$7.7M
- Aug 2022Conventional Debt$4.4M
- Apr 2022Grant (prize money)$5.7M
- Oct 2020Series A$6.4M
#11
Series A · Toronto, Ontario · founded 2005 · 36 employees$23.6Mraised▾
Provider of radar-based sensors for detecting human presence. The platform provides a radar system that detects the micro-vibrations created by humans during breathing. The features of the product include vital sign monitoring, fall detection, image processing, privacy protection, security and service optimization, energy-saving, and more.
- Dec 2021Series A$10M
- Dec 2019Seed$3M
- Apr 2018Seed$650K
#12
Series A · Toronto, Ontario · founded 2009 · 64 employees$22Mraised▾
ThoughtWire is the provider of Ambiant IIoT, a platform that provides real-time guidance to users enabling them to predict and resolve issues. It is applied to develop self-optimizing production lines for reducing downtime and preventing machine failures. Applications are in the areas of smart buildings, cities, and hospitals. Clientele and industry partners include Hamilton Health Sciences, IBM, McKesson, Ontario Shores, OXFORD, Plan Group, South Lake, William Osler Health System, Hitachi among others.
- Jun 2020Conventional Debt$8.5M
- Mar 2018Conventional Debt—
- Mar 2018Series A$20M
- Sep 2017Grant (prize money)$955K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of IoT Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.