Best Virtual Reality Companies in Ontario, Canada
The 72 best Virtual Reality companies in Ontario, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: JanusVR.
Our analysis of 50 Virtual Reality companies
$3.3b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2019.
Ranked: Best Virtual Reality companies in Ontario
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | JanusVR Open source 3D Browser for immersive, collaborative, multi-dimensional internet. | $2M | 124 mo ago | Seed | Karan Singh Co-Founder | 2014 | — | — |
| 2 | Realize Medical Developer of VR platform for creating 3D medical models 10Talent bottom 49%Funding bottom 43%Global bottom 32%Market bottom 24% All 4 signals ▾Talentbottom 49% Fundingbottom 43% Globalbottom 32% Marketbottom 24% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $1.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 10/100 | $1M | 18 mo ago | Seed | Justin Sutherland Co-Founder & CEO | 2019 | — | 2 job openings · 2 launchs |
| 3 | Flo VR Developer of virtual reality focused ad network for brands and advertisers | $765K | — | Acqui-Hired | Roger Perry Founder & CEO | 2016 | — | — |
| 4 | Masterpiece Studio VR platform for content creation | $500K | 52 mo ago | Seed | — | 2017 | Cart FunctionalitySquarespace CommerceSquarespace+16 | — |
| 5 | Marion Surgical Virtual training platform for surgeons to learn, collaborate and practice procedures 13Product top 43%Moat top 45%Talent bottom 49%Innovation bottom 42% All 9 signals ▾Producttop 43% Moattop 45% Talentbottom 49% Innovationbottom 42% Patentsbottom 39% Globalbottom 37% Fundingbottom 36% Techbottom 35% Marketbottom 23% Product: 6 distinct product lines · Company stage: Seed Moat: Editorial + unicorn rating 5/10 · IP moat: 5 patents rank vs industry peers · Fliar Intelligence Index 13/100 | $381K | 18 mo ago | Seed | Ben Sainsbury CEO | 2015 | — | — |
| 6 | Discovr Labs Learning with VR apps | $100K | 114 mo ago | Deadpooled | — | 2015 | — | — |
| 7 | Mirage VR Platform for creating multiplayer free-movement VR experiences | $30K | 96 mo ago | Seed | Chuang Li Co-Founder | 2016 | Node.jsReactExpress+18 | — |
| 8 | MasterpieceVR Provider of a collaborative VR platform to create 3D models and artworks | — | 66 mo ago | Seed | — | 2015 | — | — |
Top 9 Virtual Reality companies in Ontario
#1
Seed · Ottawa, Ontario · founded 2019 · 10 employees$1Mraised▾
Realize Medical is a developer of a VR platform for creating 3D medical models. It provides a medical image viewing, modeling, and communication platform. It can be used for the benefit of health care professionals and patients.
- Dec 2024Seed$195.5K
- Apr 2021Seed$1M
- Dec 2020Grant (prize money)$17.5K
#2
Seed · Toronto, Ontario · founded 2015 · 7 employees$381Kraised▾
Marion Surgical offers a hardware-based training platform enabling surgeons to learn, collaborate and practice procedures in a virtual environment. The product consists of the HTC Vive, virtual reality headset, a haptic robot and cloud-enabled simulation software solution that is connected to big data. The tool is customizable, can be used without limit, and uses haptic feedback to build muscle memory.
- Dec 2024Seed—
- Mar 2020Grant (prize money)—
- Mar 2020Seed$348.5K
- Aug 2016Grant (prize money)$3K
#3
Seed · Ottawa, Ontario · founded 2017 · 33 employees$500Kraised▾
VR platform for content creation. It is a digital content creation software for VR products.
- Feb 2022Seed$500K
#4
Seed · Toronto, Ontario · founded 2014 · 4 employees$1.6Mraised▾
JanusVR is a 3D browser, with enhanced 3D content, and users can perform interactive editing of this content from within Janus VR directly. Site translators arrange the user-created content in a meaningful way and generate an environment, taking cue from the existing sites' content and structure. Multiple people can navigate virtual spaces together, communicating via voice or text and sharing portals to new areas with each other. Started as a project for learning to program for Oculus Rift. Documents its progress as janusVR subreddit on Reddit. Joined Boost.vc accelerator in Aug'15.
- Feb 2016Seed$1.6M
- Oct 2015Seed—
#5
Acqui-Hired · Toronto, Ontario · founded 2016 · 3 employees$764.7Kraised▾
Developer of virtual reality-focused ad network for brands and advertisers. It lets brands and advertisers interact with consumers immersed in the VR world byways of the monetization of games and applications. Advertisers can partner with developers to design 360-degree advertisements for a particular audience that the brand wishes to target. The platform features heat mapping and head tracking analytics, which helps determine where best to place content. It also informs developers and advertisers, where users are spending most of their time looking. The platform is compatible with multiple 3D authoring engines such as Unity and Unreal. It supported VR systems such as HTC Vive, Samsung Gear, Oculus, and Daydream.
#6
Deadpooled · Toronto, Ontario · founded 2015 · 7 employees$100Kraised▾
Discovr provides VR educational content to educational institutes. Currently focusing on history and sciences. Part of River- Rothenberg Venture's VR accelerator.
- Dec 2016Seed—
- Jan 2015Seed$100K
#7
Seed · Kitchener, Ontario · founded 2016 · 10 employees$30Kraised▾
Mirage creates multiplayer free-movement VR experience. It provides a plug-and-play all-in-one system and partners with facility owners and for exhibitions & events, System features include full body tracking and scalable solution. Also, claims to be creating an out-of-home experience center.
- Jun 2018Seed$30K
#8
Seed · Ottawa, Ontario · founded 2015 · 42 employees—raised▾
MasterpieceVR provides a collaborative virtual reality platform to create 3D models and artworks. It offers a suite of intuitive tools and a 3D interface to enable users to create 3D models and artworks through sculpting and painting in VR as well as share with their friends.
- Dec 2020Seed—
- Apr 2017Seed—
#9
Seed · Mississauga, Ontario · founded 2016 · 25 employees—raised▾
MetaVRse provides an augmented and virtual reality-based spatial computing solution. The rendering engine enables users to create and distribute VR experiences within the browser. The solution is OS & device agnostic and provides synchronous communication solutions. Has use case in education, retail, real estate, healthcare and other industries.
- 2020Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Virtual Reality coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Ar Vr in Ontario is moving
A read on the academic research around Ar Vr in Ontario — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 50 papers.
- University of Ontario Institute of Technology19
- Ontario Tech University15
- Ontario College of Art and Design12
- Ontario Shores Centre for Mental Health Sciences3
- Registered Nurses\' Association of Ontario2
- Virtual reality4
- Human–computer interaction4
- Embodied cognition3
- Narrative3
- Affordance2
- Virtual reality15
- Human–computer interaction13
- Multimedia5
- Augmented reality4
- Dementia4
- Virtual reality8
- Human–computer interaction4
- Multimedia2
- Emotional expression1
- Adaptability1
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.