About Artificial Intelligence companies in Canada
There are 1.06K Artificial Intelligence companies in Canada, including 319 funded companies having collectively raised $11.5B in venture capital money and private equity. Out of these, 152 are Series A+ funded, and 7 have achieved unicorn status.
Artificial Intelligence companies in Canada has seen 49 acquisitions and 6 IPOs. This represents almost 5.2% of all such companies - which is higher than the 4.6% exit rate of tech companies in general.
Top Artificial Intelligence companies in Canada
There are more than 1.06K Artificial Intelligence companies in Canada. Cohere 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 |
|---|---|---|---|---|---|
Developer of enterprise AI platform and multilingual language and retrieval models | Toronto (Canada) | 2019 | Series D | $1.54B | |
Provider of online tools for music mastering, distribution, and collaboration | Montreal (Canada) | 2012 | Series B | $37.7M | |
Manufacturer of modular automation hardware and cloud based software platforms | 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
8 new startups have been founded so far in 2026 in Artificial Intelligence companies in Canada. 161 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 | 8 |
2025 | 72 |
2024 | 120 |
2023 | 161 |
2022 | 78 |
2021 | 76 |
2020 | 90 |
2019 | 58 |
2018 | 66 |
2017 | 61 |
Stage-wise distribution of Artificial Intelligence companies in Canada
Out of the total 1,065 Artificial Intelligence companies in Canada, 319 have secured funding. Among them, 152 have reached Series A or higher, and 90 to Series B or beyond.
Founded - 1,065
Funded - 319
Series A+ - 152
Series B+ - 90
Series C+ - 73
Company Stage | No. of companies |
|---|---|
Founded | 1,065 |
Funded | 319 |
Series A+ | 152 |
Series B+ | 90 |
Series C+ | 73 |
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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 $11.1B in the last 10 years. The most amount of funding was in 2025 at more than $2.43B. There has been a total funding of $1.04B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.04B |
2025 | $2.43B |
2024 | $1.77B |
2023 | $967M |
2022 | $1.3B |
2021 | $2.05B |
2020 | $321M |
2019 | $634M |
2018 | $348M |
2017 | $255M |
Recent Funding Rounds in Artificial Intelligence companies in Canada
In the year 2026, till June 2026, Artificial Intelligence companies in Canada have raised $1.03B in equity funding across 19 rounds.
In the same period last year (i.e. till June 2025), Artificial Intelligence companies in Canada had raised $590M across 33 rounds.
So, 2026 has seen a 75% 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 | 2530 | Jun 04, 2026 | ||
Series A | 1944 | Jun 02, 2026 | ||
Series A | 6511 | May 28, 2026 | ||
Series A | 3986 | May 26, 2026 | ||
Seed | 7532 | May 11, 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) | ||
Toronto (Canada) |
M&A activity in Artificial Intelligence companies in Canada
In the year 2026, till June 2026, 7 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 | Jun 15, 2026 | ||
Business Acquisition | May 19, 2026 | ||
Business Acquisition | May 15, 2026 | ||
Business Acquisition | May 06, 2026 | ||
Business Acquisition | Apr 21, 2026 |
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 | 7 |
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 | 45 |
McGill University | 20 |
The University of British Columbia | 17 |
Queen's University | 13 |
York University | 12 |
Stanford University | 11 |
McMaster 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 | $4.76B |
University of Oxford | $1.55B |
McGill University | $1.26B |
The University of British Columbia | $627M |
University of Waterloo | $619M |
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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Varicent Named a Leader in the 2026 Gartner® Magic Quadrant™ for Sales Performance ManagementFinancial Post•Jul 09, 2026•Varicent
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Quandri Partners With FirstChoice to Bring AI-Driven Insurance Automation to Independent AgenciesInsuranceNewsNet•Jul 07, 2026•MarshBerry, Quandri
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SalesCloser Secures Second U.S. Patent for AI-Driven Call Automation TechnologyGlobeNewswire•May 26, 2026•SalesCloser AI
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SalesCloser Partners with Twilio to Streamline Customer Voice DeploymentsGlobeNewswire•May 08, 2026•SalesCloser AI, Twilio
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SalesCloser Technologies Secures U.S. Patent for AI-Powered Conversational Workflow TechnologyGlobeNewswire•May 01, 2026•SalesCloser AI
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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
