About Artificial Intelligence companies in Canada
There are 998 Artificial Intelligence companies in Canada, including 304 funded companies having collectively raised $11.3B in venture capital money and private equity. Out of these, 142 are Series A+ funded, and 7 have achieved unicorn status.
Artificial Intelligence companies in Canada has seen 46 acquisitions and 5 IPOs. This represents almost 5.1% of all such companies - which is higher than the 4.8% exit rate of tech companies in general.
Top Artificial Intelligence companies in Canada
There are more than 998 Artificial Intelligence companies in Canada. Landr is the top Artificial Intelligence company in Canada, ranked using Tracxn Score (what's this?).
Here are 5 of the top Artificial Intelligence companies in Canada:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of online tools for music mastering, distribution, and collaboration | Montreal (Canada) | 2012 | Series B | $37.7M | |
Developer of enterprise AI platform and multilingual language and retrieval models | Toronto (Canada) | 2019 | Series D | $1.54B | |
Provider of a modular hardware and software platform for industrial automation | Montreal (Canada) | 2016 | Series D | $263M | |
Provider of incentive compensation management solutions for enterprises | Toronto (Canada) | 2003 | Acquired | $49M | |
Provider of an AI-powered platform for digital advertising campaign management | Toronto (Canada) | 2014 | Series B | $537M |
Artificial Intelligence companies founded year-on-year in Canada
158 Artificial Intelligence startups in Canada were founded in 2023 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 67 |
2024 | 113 |
2023 | 158 |
2022 | 73 |
2021 | 73 |
2020 | 88 |
2019 | 55 |
2018 | 64 |
2017 | 60 |
Stage-wise distribution of Artificial Intelligence companies in Canada
Out of the total 998 Artificial Intelligence companies in Canada, 304 have secured funding. Among them, 142 have reached Series A or higher, and 86 to Series B or beyond.
Founded - 998
Funded - 304
Series A+ - 142
Series B+ - 86
Series C+ - 69
Company Stage | No. of companies |
|---|---|
Founded | 998 |
Funded | 304 |
Series A+ | 142 |
Series B+ | 86 |
Series C+ | 69 |
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Funding Trends in Artificial Intelligence companies in Canada
Total funding year-on-year in Artificial Intelligence companies in Canada
Artificial Intelligence companies in Canada saw a total funding of more than $11B in the last 10 years. The most amount of funding was in 2025 at more than $2.41B. There has been a total funding of $934M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $934M |
2025 | $2.41B |
2024 | $1.77B |
2023 | $967M |
2022 | $1.29B |
2021 | $2.05B |
2020 | $321M |
2019 | $633M |
2018 | $345M |
2017 | $254M |
Recent Funding Rounds in Artificial Intelligence companies in Canada
In the year 2026, till April 2026, Artificial Intelligence companies in Canada have raised $932M in equity funding across 10 rounds.
In the same period last year (i.e. till April 2025), Artificial Intelligence companies in Canada had raised $378M across 22 rounds.
So, 2026 has seen a 146.39% rise in funding in Artificial Intelligence companies in Canada as compared to 2025.
Here are some recent, important funding rounds in Artificial Intelligence companies in Canada:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 5340 | Apr 02, 2026 | - | |
Seed | 9418 | Mar 24, 2026 | and 2 more | |
Series B | 7196 | Mar 23, 2026 | ||
Seed | 6801 | Feb 11, 2026 | ||
Seed | 2764 | Feb 04, 2026 | - |
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Top Investors in Artificial Intelligence companies in Canada
Plug and Play Tech Center is the top investor in Artificial Intelligence companies in Canada based on number of companies invested.
Here are some top investors in Artificial Intelligence companies in Canada:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Menlo Park (United States) | ProteinQure and Covalent | |
Montreal (Canada) | ||
Toronto (Canada) | ||
London (United Kingdom) |
M&A activity in Artificial Intelligence companies in Canada
In the year 2026, till April 2026, 3 acquisitions happened in Artificial Intelligence companies in Canada. Last year, in 2025, a total of 8 acquisitions happened in Artificial Intelligence companies in Canada.
Here are some recent, important acquisitions in Artificial Intelligence companies in Canada:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 21, 2026 | ||
Business Acquisition | Mar 18, 2026 | ||
Business Acquisition | Jan 20, 2026 | ||
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Nov 05, 2025 |
Acquisition trends in Artificial Intelligence companies in Canada
Here are the acquisition trends in Artificial Intelligence companies in Canada:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 8 |
2024 | 5 |
2023 | 7 |
2022 | 6 |
2021 | 2 |
2020 | 5 |
2019 | 6 |
2018 | 4 |
2017 | 2 |
IPOs in Artificial Intelligence companies in Canada
In the year 2026, till April 2026, 1 IPO happened in Artificial Intelligence companies in Canada.
Here are some recent, important IPOs in Artificial Intelligence companies in Canada:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 09, 2026 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Feb 21, 2025 | Frankfurt Stock Exchange (FRA) | |
Jan 08, 2025 | CBOE Stock Exchange (CBSX) | |
Nov 18, 2021 | Toronto Stock Exchange (TSX) | |
Mar 12, 2021 | Frankfurt Stock Exchange (FRA) |
Colleges which produce the most Artificial Intelligence companies in Canada
Companies founded by alumni from top colleges in Artificial Intelligence companies in Canada
Most number of Artificial Intelligence startups in Canada have been founded by alumni from University of Toronto, University of Waterloo and McGill University.
College | No. of companies |
|---|---|
University of Toronto | 54 |
University of Waterloo | 44 |
McGill University | 19 |
The University of British Columbia | 16 |
Queen's University | 13 |
York University | 12 |
McMaster University | 10 |
Stanford University | 10 |
Massachusetts Institute of Technology | 6 |
University of Oxford | 6 |
Total funding in Artificial Intelligence companies founded by alumni from top colleges in Canada
In the last 10 years, graduates from University of Toronto have raised the most funding for Artificial Intelligence companies in Canada, compared to alumni from other top colleges. University of Oxford alumni are second, and McGill University alumni are third.
College | Total Funding |
|---|---|
University of Toronto | $4.7B |
University of Oxford | $1.55B |
McGill University | $1.26B |
The University of British Columbia | $626M |
University of Waterloo | $591M |
Harvard University | $405M |
Queen's University | $327M |
McMaster University | $314M |
Harvard Business School | $267M |
Kellogg School of Management | $258M |
Top News in Artificial Intelligence companies in Canada
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SalesCloser Technologies Announces Listing on the Frankfurt Stock ExchangeGlobeNewswire•Apr 17, 2026•SalesCloser AI
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Mycom Partners with LatenceTech to Strengthen SLA GovernanceBenzinga•Mar 03, 2026•Mycom, LatenceTech
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StackAdapt Partners With Experian to Supercharge First-party Data Activation for AdvertisersMarTech Series•Feb 18, 2026•Experian, StackAdapt
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Robot Trucker Waabi Enters Robotaxi Arena With Billion Dollar FundingBitcoin Ethereum News•Jan 28, 2026•Waabi, G2 Venture Partners, Khosla Ventures, Uber and 19 others
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Sonic Incytes Receives FDA Clearance for Velacur ONE for Liver Disease ManagementFinancial Post•Aug 13, 2025•Sonic Incytes
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HEALWELL Announces Update: AI Performance, Pentavere Acquisition, and Enhanced IntegrationFinanzNachrichten•Jul 16, 2025•HEALWELL AI, Pentavere
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Varicent and ServiceNow Join Forces to Power the Next Generation of Revenue ExecutionBusiness Wire•Jul 12, 2025•Varicent, ServiceNow
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Varicent and ServiceNow Join Forces to Power Next-Gen Revenue ExecutionBusiness Wire•Jul 08, 2025•Varicent, ServiceNow
