Best Semiconductors Companies in Ontario, Canada
The 197 best Semiconductors companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Mortice Kern Systems.
Our analysis of 219 Semiconductors companies
$47.9b in tracked funding; 70% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Semiconductors companies in Ontario
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Mortice Kern Systems Technology Solutions for Ongoing Product & Service Advantage | PTC | $1.4B | 25 mo ago | 10,900 | 1989 | — | — | 1 internship · 1 launch · 1 expansion |
| 2 | Celestica End-to-end product lifecycle solutions and services 83Market top 17%Fin. health top 20%Funding top 25%News top 29% All 12 signals ▾Markettop 17% Fin. healthtop 20% Fundingtop 25% Newstop 29% Growthtop 31% Globaltop 31% Partnerstop 32% Techtop 35% Talenttop 39% Moatbottom 44% Patentsbottom 30% Innovationbottom 22% Market: 904 employees (top 7% of Industrial Goods and Manufacturing) · Revenue ~$12.4B Fin. health: Revenue ~$12.4B (FY2026) · Net margin 5.2% rank vs industry peers · Fliar Intelligence Index 83/100 | $1.3B | 95 mo ago | 904 | 1994 | Rob Mionis President and CEO | 2 patents Improving PCB trace‑pad connections for higher signal integrity | 2 partnerships · 1 expansion · 1 award |
| 3 | Tenstorrent 🦄 Developer of hardware and open-source software for artificial intelligence acceleration 90Funding top 20%Patents top 25%Moat top 25%Innovation top 28% All 12 signals ▾Fundingtop 20% Patentstop 25% Moattop 25% Innovationtop 28% Talenttop 28% AItop 30% Markettop 31% Producttop 31% Globaltop 34% Growthtop 35% Techtop 41% Newsbottom 24% Funding: Raised $485M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) Patents: 100 patents matched (strict assignee match) · 60 filings since 2022 vs 40 in 2017-21 rank vs industry peers · Fliar Intelligence Index 90/100 | $485M | 18 mo ago | 350 | 2016 | Ivan Hamer Co-Founder | 100 patents Patents concentrated in computing, sensing & instrumentation | 2 launchs |
| 4 | Xanadu 🦄 Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications 84Funding top 12%Moat top 26%Growth top 28%AI top 35% All 8 signals ▾Fundingtop 12% Moattop 26% Growthtop 28% AItop 35% Talenttop 35% Markettop 38% Techtop 38% Globalbottom 39% Funding: Raised $250M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 84/100 | $250M | 3 mo ago | 188 | 2016 | Christian Weedbrook Founder & CEO | — | 1 job opening · 1 partnership |
| 5 | GaN Systems Manufacturer of semiconductor and system solutions for various application areas | $220M | 55 mo ago | 200 | 2008 | — | 155 patents GaN power semiconductor devices and advanced thermal/packaging solutions for high‑current switching | — |
| 6 | POET Technologies Manufacturer of interposer platforms for communication between photonic and electronic devices | $155M | 8 mo ago | 20 | 1985 | Suresh Venkatesan CEO | — | 1 job opening · 1 partnership |
| 7 | Untether AI Developer of hardware and software for artificial intelligence inference acceleration | $152M | 59 mo ago | 122 | 2018 | Chris Walker CEO & President | 78 patents High‑performance computational memory and dataflow architectures for AI acceleration | — |
| 8 | SMTC Corporation SMTC Corporation is global provider of end-to-end electronics manufacturing services (EMS) | $121M | 65 mo ago | 861 | 1985 | Ed Smith CEO | — | — |
| 9 | Enablence Photonic integrated circuits for telecommunication and related Industry | $94M | 14 mo ago | 202 | 2003 | Evan Chen CEO | 60 patents Integrated planar waveguide circuits with segmented structures and reflective diffraction gratings. | — |
| 10 | RANOVUS Manufacturer of silicon-based interconnects solutions | $71M | 38 mo ago | 64 | 2012 | — | 89 patents Silicon photonic waveguide detectors and linearized Mach‑Zehnder interferometers for high‑speed optical links | 1 expansion · 1 award |
| 11 | Onechip photonics InP based Photonics Integrated Circuits | $64M | 165 mo ago | — | 2005 | Valery Tolstikhin Founder & CEO | 42 patents Integrated photonic components for wavelength multiplexing, lasers, detectors, and switching | — |
| 12 | Nu-Wave Photonics Developer of fiber optic components | $59M | 314 mo ago | — | 1999 | Peter Scovell ex-CEO | — | — |
| 13 | Otilu Mionics Developer of advanced materials for electronics, displays, and quantum computing | $55M | 43 mo ago | 54 | 2011 | Michael Helander President & CEO | — | — |
| 14 | Fresco Microchip RF, mixed signal and DSP solutions focused on digital television market | $48M | 179 mo ago | — | 2004 | — | 22 patents RF front‑end tuning, filtering, and DSP for television receiver signal processing | — |
| 15 | OneChip Photonics Optical transceivers based on photonic integrated circuits (PICs) | $47M | 165 mo ago | — | 2005 | Valery Tolstikhin Founder & CEO | 42 patents Integrated silicon photonic components for high‑density wavelength‑division optical networking | — |
| 16 | Nicoya Life Provider of hyperspectral optical microscopes for surface analysis | $35M | 54 mo ago | 105 | 2012 | — | — | 2 launchs |
| 17 | ViXS Designing media processing semiconductor solutions | $33M | 115 mo ago | 95 | 2000 | — | 10 patents Advanced wireless signal processing, adaptive modulation, and low‑power pulse RF transmission | — |
| 18 | PTSL Design and fabrication of PCB | $30M | 44 mo ago | 35 | 2009 | Samer Bayram Founder | — | — |
| 19 | Galazar Solutions for carrier-grade Ethernet and Multi-Service line cards | $29M | 242 mo ago | 35 | 2001 | — | — | — |
| 20 | IGNIS Innovation Provider of AMOLED display solutions | $28M | 132 mo ago | 23 | 2000 | — | 1,090 patents Advanced AMOLED display calibration, compensation, and pixel circuit technologies | — |
| 21 | Solantro Provider of chipsets for power conversion applications | $26M | 134 mo ago | 30 | 2009 | Tudor Lipan Co-Founder | — | — |
| 22 | VueReal Developer of micro-LED based display technology | $25M | 16 mo ago | 45 | 2016 | — | 643 patents MicroLED and microdisplay packaging, chiplet integration, and sensor-enabled display technologies. | — |
| 23 | Xandar Kardian Provider of radar-based sensors for detecting human presence | $24M | 54 mo ago | 36 | 2005 | Sung Cho Co-Founder | — | — |
| 24 | Philsar RF semiconductor solutions for personal wireless connectivity | $21M | 314 mo ago | — | 1993 | Luc Lussier Founder | — | — |
| 25 | 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 | — |
| 26 | Sidense Developers of one time programmable memory OTP NVM | $18M | 162 mo ago | 60 | 2004 | — | 212 patents Secure non-volatile memory with anti‑fuse PUFs and power‑signature masking | — |
| 27 | Intelligent Photonics Control Provider of controller ICs for optical amplifiers | $16M | 275 mo ago | — | 2000 | Richard Timmons CEO | — | — |
| 28 | 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 | 12 | 2020 | Niraj Mathur Co-Founder & CEO | 21 patents Low-power analog front‑ends and transistor‑based neural network hardware for vision/audio AI | 1 job opening |
| 29 | Tornado Spectral Systems Manufacturer of optical spectroscopy instruments using Raman spectroscopy | $13M | 83 mo ago | 25 | 2013 | — | 70 patents Advanced Raman and optical spectroscopy probes for in situ chemical analysis | — |
| 30 | SE-Instruments Blog focusing on electronic instrumentation | $10M | 133 mo ago | 8 | 2004 | — | — | — |
| 31 | 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 | — | 2013 | Anthony Fernando Co-Founder | — | — |
| 32 | Atsana Semiconductors Provider of media microprocessors | $10M | 269 mo ago | 50 | 1999 | Luc Lussier Founder | — | — |
| 33 | QD Solar Developer pof quantum dot-based photovoltaic cells | $8M | 50 mo ago | 12 | 2014 | — | 12 patents Surface‑engineered colloidal quantum dots for high‑efficiency solution‑processed photovoltaics | — |
| 34 | Microbonds Provider of country and rock music radio broadcasting services | $6M | 251 mo ago | 11 | 1999 | Craig Geier Chairman & CEO | 24 patents Metal-infused antimicrobial composites and semiconductor bonding wire manufacturing processes. | — |
| 35 | EllipticTechnologies Embedded Security for the Connected World | $6M | 151 mo ago | 31 | 2001 | — | — | — |
| 36 | Astrus Developer of AI-powered software for superhuman microchip design and automation | $5M | 9 mo ago | 4 | 2022 | Zeyi Wang Co-Founder & Research Engineer | — | — |
| 37 | Synex Medical Developer of non-invasive health monitoring technology using magnetic resonance spectroscopy | $5M | 67 mo ago | 24 | 2017 | Ben Nashman Founder & CEO | 30 patents Patents concentrated in health & consumer products | — |
| 38 | AdHawk Microsystems Developer of imaging sensors embedded smart glasses | $5M | 104 mo ago | 41 | 2015 | Sandro Banerjee Co-Founder | 32 patents Compact MEMS optical scanners and low-power eye‑tracking systems for vision interfaces | — |
| 39 | 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 |
| 40 | Motion Gestures Provider of AI and cloud-based motion gesture recognition systems | $4M | 24 mo ago | 8 | 2016 | Kashif Kahn Co-Founder & CEO | — | — |
| 41 | Micromem Inc Developer of sensor-based solutions for multiple industries | $4M | 5 mo ago | 4 | 1985 | — | 11 patents Magnetic storage devices, HDD read/write heads, and Hall‑effect lubrication monitoring sensors. | — |
| 42 | Upverter Web browser-based integrated EDA tool to design, share, and review schematics and PCBs | $3M | 147 mo ago | 13 | 2010 | — | — | — |
| 43 | Braingrid Provider of AI agents that transform ideas into engineering-grade software tasks | $2M | 81 mo ago | 3 | 2012 | — | — | — |
| 44 | IPICO Manufacturer of RFID tags, readers, and middleware products | $2M | 179 mo ago | — | 2004 | Jerry Riebling Founder | — | — |
| 45 | TeraGo Internet, colocation and cloud services 57Innovation top 34%News top 36%Product top 37%Growth top 40% All 8 signals ▾Innovationtop 34% Newstop 36% Producttop 37% Growthtop 40% Techtop 42% Fundingtop 49% Marketbottom 48% Globalbottom 43% Innovation: 6 product lines News: 14 BI events in 12 mo (of 106 tracked, 9 types) · +8% YoY rank vs industry peers · Fliar Intelligence Index 57/100 | $2M | 14 mo ago | 100 | 1999 | — | — | — |
| 46 | NixSensor Manufacturer of portable color measurement devices for various industries | $2M | 79 mo ago | 20 | 2013 | — | — | — |
| 47 | MetaVista3D Developer of AI-enhanced 3D display technology for immersive Metaverse experiences | $2M | 15 mo ago | — | 2022 | Jeff Carlson CEO | — | — |
| 48 | Sober Steering Biosensor system in steering wheel to detect alcohol non-intrusively | $1M | 129 mo ago | 3 | 2009 | — | — | — |
| 49 | Kili Technology Manufacturer of semiconductor ICs, firmware, reference designs, IP, and hardware modules | $514K | 149 mo ago | 14 | 2013 | Afshin Rezayee Founder and Co-President | 6 patents Embedded cryptographic hardware for secure processing and RFID signal detection/communication | — |
| 50 | Neurescence Provider of miniature microscope for imaging multiple regions of the brain | $350K | 61 mo ago | 10 | 2014 | — | 15 patents Compact medical optical imaging and lens‑fiber focusing connectors for diagnostic devices | — |
Top 12 Semiconductors companies in Ontario
#1
Xanadu 🦄Public · Toronto, Ontario · founded 2016 · 188 employees$250Mraised▾
Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications. It develops a quantum photonic processor and an open-source software platform. Its photonic-powered quantum processor chips are developed using squeezed light (fluctuation in light behaviour at the quantum level) concept for better calculations and computing speeds. It has developed open-source software that also includes a new quantum computing language, which is a dedicated machine learning platform for quantum computers.
- Mar 2026Grant (prize money)$2M
- Feb 2024Conventional Debt$2.8M
- Feb 2023Grant (prize money)$30M
- Nov 2022Series C$100M
#2
Public · Toronto, Ontario · founded 1985 · 20 employees$155.3Mraised▾
Manufacturer of interposer platforms for communication between photonic and electronic devices. It offers monolithic optoelectronic devices that combine electronics and optics onto a single chip for improvements in size, power, speed, and cost. It offers a platform that provides monolithic fabrication of integrated circuits containing analog, digital, and optical elements, with applications in devices, such as smartphones, tablets, servers, computers, and the Internet of things. It also develops gallium arsenide-based chip design processes having several market applications, including infrared sensor arrays for military and domestic monitoring and imaging applications.
- Oct 2025Post IPO$75M
- May 2025Post IPO$21.5M
- Sep 2024Post IPO$15M
- Apr 2024Post IPO$7.3M
#3
Series D · Toronto, Ontario · founded 2016 · 350 employees$485.1Mraised▾
Developer of hardware and open-source software for artificial intelligence acceleration. The company provides tools for optimizing workloads on its hardware. It offers an open-source compiler designed to integrate with its AI software library. The company provides resources such as documentation and developer tutorials.
- Dec 2024Series D$693M
- Aug 2023Series C$100M
- Jun 2021Conventional Debt—
- May 2021Series C$200M
#4
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
#5
Public · Toronto, Ontario · founded 2003 · 202 employees$93.5Mraised▾
Enablence Technologies Inc. designs, manufactures, and sells optical components and subsystems for FTTH, metro, and long-haul markets worldwide. It offers a line of Transmit Optical Sub-Assembly (TOSA) and Receive Optical Sub-Assembly (ROSA) products, a range of Arrayed Waveguide Gratings: iMS switches and iROAD solutions for multi-channel reconfigurable optical add/drop multiplexer and PLC-based VOA/Multiplexer modules. They offer GE-PON, BPON and GPON products for the global rollout of Fiber-to-the-Home (FTTH). The company also provides optical component design, custom wafer fabrication, hybrid integration, and packaging and testing services for telecommunications, aerospace, defense, and bio/chemical-sensor markets. It utilizes its patented technologies including planar lightwave circuit ("PLC") intellectual property in the production.
- Apr 2025Post IPO$23.5M
- Jul 2018Post IPO$1M
- Jun 2017Post IPO$7.4M
- Mar 2016Conventional Debt$2.2M
#6
Public · Toronto, Ontario · founded 1985 · 4 employees$3.8Mraised▾
Developer of sensor-based solutions for multiple industries. The company designs and develops sensor technology for various applications. The technology combines sensitivity, robust structure, cost effectiveness, and small size. It holds patents claiming priority in multiple applications.
- Jan 2026Post IPO$200K
- Oct 2025Post IPO$29.6K
- Jun 2025Post IPO$174.8K
- Jan 2025Post IPO$281.1K
#7
Acquired · Waterloo, Ontario · founded 1989 · 10900 employees$1.4Braised▾
Mortice Kern Systems was developer of MKS Integrity, platform for software application lifecycle management (ALM). MKS Integrity coordinates and manages all activities and artifacts associated with developing software-intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle trace ability. In May 2011, it was acquired by Parametric Technology Corporation (PTC).
- May 2024Post IPO$1.4B
- Oct 2021Grant (prize money)$226.3K
- 2015Grant (prize money)—
#8
Series A · Toronto, Ontario · founded 2022 · 4 employees$5.3Mraised▾
Developer of AI-powered software for superhuman microchip design and automation. The software empowers analog designers to create advanced microchips using artificial intelligence. Rooted in the AlphaGo line of research, the company builds a foundation model that learns semiconductor physics. The system generates and evaluates layouts in simulation, balancing performance and manufacturability in a single flow.
- Sep 2025Series A$8M
- Oct 2023Seed$2.6M
- Feb 2023Seed$275K
- Sep 2022Seed$2.4M
#9
Series C · Waterloo, Ontario · founded 2016 · 45 employees$24.9Mraised▾
Developer of micro-LED based display technology. It is a research and technology service company providing a bridge between nano and microdevices and large-area electronics platforms, including displays and sensors. Its major technology is high-efficiency micro LEDs. Its solid printing technology works across all substrate sizes and can develop displays with higher PPI. It also plans to license its IP.
- Jan 2025Series C$40.5M
- Apr 2022Series B$14.4M
- Oct 2018Grant (prize money)$8.5M
- Mar 2018Series A$10.5M
#10
Series A · Ottawa, Ontario · founded 2020 · 12 employees$14Mraised▾
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.
- Apr 2025Series A$14M
#11
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
#12
Acquired · Thornhill, Ontario · founded 1999 · 100 employees$2.3Mraised▾
TeraGo Networks provides internet, colocation, and cloud services to businesses in Canada through its own network. Provides internet access using fibre, wireless, and Ethernet over cable technology. Its voice solutions include SIP trunking and Hosted PBX. Claims to have 4,100 business customers in 46 cities.
- Apr 2025Post IPO—
- Mar 2025Post IPO$2M
- Jun 2018Post IPO$6.9M
- Dec 2003Series A$2.3M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Semiconductors coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Semiconductors is moving in Canada
A read on the academic research around Semiconductors — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 739 Canada-affiliated papers.
- Polytechnique Montréal94
- University of Toronto60
- University of Waterloo57
- McGill University45
- University of British Columbia35
- Photonics15→24
- Transistor7→13
- Voltage5→11
- Photonic integrated circuit13→17
- Amplifier1→5
- Converters1→8
- Power (physics)1→7
- Photonics8→12
- Transient (computer programming)2→6
- Adder1→5
- Electronic circuit4→8
Where semiconductors 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 semiconductors patents in Canada
Canada semiconductors patent filing is cooling — 1,206 filings from 674 assignees (2016–2025), led by Vuereal, ATI Technologies ULC, GAN Systems; annual filings 129→94.
- Vuereal173
- ATI Technologies ULC84
- GAN Systems81
- Intel65
- Ignis Innovation65
- Advanced Micro Devices59
- Alpha & Omega Semiconductor INT58
- Tischler Michael A57
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.