Best Wearable Technology Companies in Toronto, Canada
The 55 best Wearable Technology companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Muse.
Our analysis of 50 Wearable Technology companies
$7.0b in tracked funding; 93% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Wearable Technology companies in Toronto
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Muse Provider of brainwave tracking devices and related premium subscription services 62Funding top 26%Tech top 30%Growth top 35%Innovation top 38% All 10 signals ▾Fundingtop 26% Techtop 30% Growthtop 35% Innovationtop 38% Producttop 39% Moattop 39% Customerstop 50% Talentbottom 49% Marketbottom 46% Globalbottom 38% Funding: Raised $41.0M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) Tech: 54 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud rank vs industry peers · Fliar Intelligence Index 62/100 | $41M | 16 mo ago | Series C | Jean Fournier CEO | 2007 | ShopifyBootstrapRevy+35 | — | 1 award |
| 2 | BIONIK Provider of assistive and rehabilitation hardware and software solutions | $40M | 109 mo ago | Public | Michal Prywata Co-Founder | 2010 | — | — | — |
| 3 | Nymi Developer of wearable multi-factor authentication solution for passwordless access and security | $30M | 97 mo ago | Acquired | — | 2011 | Wix eCommerceWixSentry+22 | 52 patents Wearable continuous biometric authentication and activity monitoring for secure device access | 1 partnership |
| 4 | Xandar Kardian Provider of radar-based sensors for detecting human presence | $24M | 55 mo ago | Series A | Sung Cho Co-Founder | 2005 | WordPressMySQLPHP+31 | — | — |
| 5 | Synex Medical Developer of non-invasive health monitoring technology using magnetic resonance spectroscopy | $5M | 68 mo ago | Seed | Ben Nashman Founder & CEO | 2017 | Apple iCloud MailGoogle WorkspaceSalesforce+11 | 30 patents Patents concentrated in health & consumer products | — |
| 6 | AI ML Innovations Provider of an AI and SaaS-based digital health monitoring platform and device for healthcare providers 42Patents top 19%Innovation top 22%AI top 30%Moat top 32% All 12 signals ▾Patentstop 19% Innovationtop 22% AItop 30% Moattop 32% Producttop 35% Fundingtop 37% Partnerstop 37% Newstop 43% Growthtop 45% Globalbottom 37% Techbottom 24% Marketbottom 18% Patents: 48 patents matched (strict assignee match) · 12 filings since 2022 vs 7 in 2017-21 Innovation: 48 patents (top 22% of patent-holders) · 12 filings since 2022 vs 7 in 2017-21 rank vs industry peers · Fliar Intelligence Index 42/100 | $4M | 15 mo ago | Public | — | 2020 | WordPressMySQLPHP+10 | 46 patents Patents concentrated in electrical & electronics | — |
| 7 | eSight Provider of wearable glasses to help people with low vision to see | $4M | 85 mo ago | Seed | — | 2006 | WordPressMySQLPHP+31 | 118 patents Advanced wearable near‑eye optics and vision‑augmentation systems for AR/VR displays | 3 launchs |
| 8 | CardioComm Solutions Provides software for electrocardiogram (“ECG”) management and reporting software | $4M | 145 mo ago | Public | Etienne Grima CEO | 1989 | Cart FunctionalityWooCommerceWordPress+15 | 2 patents Unlocking and managing OTC biosignal recording devices for health monitoring | — |
| 9 | Kiwi Wearable Technologies Motion Recognition Software | $2M | 130 mo ago | Deadpooled | Ali Nawab Co-Founder & CEO | 2013 | — | — | — |
| 10 | AioCare Developer of cloud-based SaaS solutions for care coordination and remote patient monitoring | $2M | 179 mo ago | Seed | Michael Gross CEO & Chairman | 2006 | — | — | — |
| 11 | Hearshot Voice communication device for water sports | $550K | 124 mo ago | Deadpooled | Sebastian Koper Co-Founder | 2014 | — | 3 patents Wireless communication integration into helmets for high‑motion activities | — |
| 12 | Smart Nora Developer of a smart device to control snoring | $250K | 32 mo ago | Seed | Behzad Hariri Co-founder | 2015 | ShopifyZohoShop Pay+40 | — | — |
| 13 | iMerciv Assistive wearable technology for visually impaired | $150K | 81 mo ago | Funding Raised | Bin Liu Co-Founder & CEO | 2014 | — | 5 patents Object detection hardware and methods for image/video analysis | — |
| 14 | HelpWear Wearable device for cardiac monitoring | $120K | 109 mo ago | Seed | — | 2015 | — | 12 patents Wearable dry‑electrode ECG monitoring devices for single‑arm cardiac sensing | — |
Top 12 Wearable Technology companies in Toronto
#1
Series C · Toronto, Ontario · founded 2007 · 62 employees$41Mraised▾
Provider of brainwave tracking devices and related premium subscription services. The company offers devices that measure brain activity, heart rate, breath, and body movement. Data is tracked via application to improve focus, reduce stress, and enhance self-awareness. The devices use sensors to detect brain activity and provide biofeedback to optimize mental performance.
- Feb 2025Series C$173.3K
- Nov 2024Series C$201.6K
- Aug 2022Series C$9.5M
- Jan 2018Series B$1.3M
#2
Public · Toronto, Ontario · founded 2020 · 3 employees$4.4Mraised▾
Provider of an AI and SaaS-based digital health monitoring platform and device for healthcare providers. The company has developed a Health Gauge which assists professionals to monitor patients' health remotely with the help of AI-based technology. The tool has the ability to capture body vitals such as blood pressure, heart rate & HR variability, pulse wave velocity, and more. The AI used in the product can interpret health data on a real-time basis.
- Apr 2025Post IPO$1.5M
- Dec 2024Post IPO$17.1K
- Nov 2024Post IPO$1.1M
- Jun 2024Post IPO$373.8K
#3
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
#4
Acquired · Toronto, Ontario · founded 2011 · 43 employees$30.4Mraised▾
Developer of wearable multi-factor authentication solution for passwordless access and security. The company's offering is designed for use in IT and OT environments. It provides authentication for applications, systems, and networks. The wearable device supports compliance with industry regulations for managing access and electronic signatures.
- Jun 2018Series C—
- May 2017Series B$15M
- Sep 2014Series A$14M
- Aug 2013Seed$1.4M
#5
Public · Toronto, Ontario · founded 2010 · 12 employees$40.1Mraised▾
Bionik Labs provides assistive and rehabilitation hardware and software solutions for healthcare professionals and patients. Offers InMotion Interactive Therapy, that improves upper-extremity motor retraining for patients with neurological conditions and injuries and InMotionConnect which is a software system that assists therapists to monitor & analyze the patient's progress and neurological condition. Also offers InMotionARM, which is a shoulder & elbow evaluation & therapy solution for stroke, spinal cord injury, multiple sclerosis, Parkinson's & other neurological conditions and InMotionARM/HAND which is a solution to treat patients with different deficits such as severe impairment, high level strengthening or coordination.
- May 2017Post IPO—
- Apr 2016Post IPO$27M
- Jul 2015Post IPO$13.1M
#6
Seed · Toronto, Ontario · founded 2017 · 24 employees$5.3Mraised▾
Developer of non-invasive health monitoring technology using magnetic resonance spectroscopy. The technology measures blood metabolites like glucose and lactate without a needle prick. It uses magnetic resonance to measure hydrogen atoms in metabolites. Radio frequency pulses target protons in glucose molecules, enhancing signals. The technology isolates and measures analyte signals to determine blood concentrations.
- Oct 2020Seed$5.3M
#7
Seed · Toronto, Ontario · founded 2015$250Kraised▾
Developer of a smart device to control snoring. Its device records and detects the snore sounds and makes a movement in the pillow when the snoring crosses the sound limit to interrupt the individual and stop the snoring. It caters to multiple age groups.
- Nov 2023Seed$250K
#8
Seed · Toronto, Ontario · founded 2006 · 51 employees$4.1Mraised▾
eSight has developed sight-enhancing, clinically validated electronic glasses that assist people with low vision or people who are blind and are suffering from a range of eye conditions. The glasses are designed to automatically focus thereby allowing users to transition between nearsighted objects to long-distance without difficulty, as well as provides the ability to manually zoom in on items.
- May 2019Conventional Debt$10M
- May 2015Seed$562.6K
- 2013Seed$950K
- Jul 2012Seed$1.8M
#9
Public · Toronto, Ontario · founded 1989 · 23 employees$3.9Mraised▾
CardioComm Solutions’ specializes in the software engineering of computer based electrocardiogram (“ECG”) management and reporting software. This software permits physician interpretations of ECGs and supports private and public payer fee-for-service billings. CardioComm Solutions offerings include PC and LAN based products known as GEMS( Global ECG Management System), internet based SAAS and ASP software is known as GC3/12 (Global Cardio 3 and 12 lead), a medical ECG service (call centre model) is operated under the C4 name (CardioComm Solutions Coordinating Centre) and a consumer based HeartCheck driven call centre under the Smart Monitoring name
- 2014Post IPO—
- Feb 2012Post IPO$2M
- Feb 2011Post IPO$150K
- Dec 2010Post IPO$300K
#10
Deadpooled · Toronto, Ontario · founded 2013$2.5Mraised▾
Kiwi has built a motion recognition software for various operating systems to develop applications on. Kiwi with IBM has developed a fall detection application to showcase the BlueMix cloud platform of IBM. The Kiwi Motion Detection Engine is used in Wearable industry such as for gym wearable, dancing wearable and sports wearable.
- Sep 2015Seed$2.5M
#11
Seed · Toronto, Ontario · founded 2006 · 10 employees$2Mraised▾
AioCare (listed as Biosign Technologies) provides an end-to-end IT solution for coordinated healthcare delivery. Offer AioMed-software platform for care coordination. Also offers Pulsewave cuff to capture, analyze and report blood pressure and other cardiovascular measurements. Biosign's analysis and reporting tools give patients and their healthcare team secure access to real-time and longitudinal health information for treatment planning, evaluation, and management.
- Aug 2011Seed$231.4K
- Nov 2010Seed$1.8M
#12
Deadpooled · Toronto, Ontario · founded 2014$550Kraised▾
Voice communication device for water sports. It offers a device that allows users to talk in real-time and hands-free, with multiple people in the vicinity, in full-duplex. It has a boomless mic design that uses a patent-pending radio frequency technology to communicate between devices. It can be connected to phones to listen to music and take phone calls.
- Mar 2016Seed$550K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Wearable Technology coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Toronto researches in wearable health
- University of Toronto15
- Toronto General Hospital1
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.