About AI Infrastructure sector in Toronto, Canada
Top AI Infrastructure Companies in Toronto, Canada
Here is the list of top AI Infrastructure startups in Toronto, Canada
1. Cohere
Key facts about Cohere
- Founded Year: 2019
- Location: Toronto (Canada)
- Stage: Series D
- Total Funding till date: $1.54B
- Investors: Inovia Capital, Sapphire Ventures and 35 Others
- Latest Funding Round: Series D, Sep 24, 2025, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 4 of 172 Competitors
2. Tenstorrent
Key facts about Tenstorrent
- Founded Year: 2016
- Location: Toronto (Canada)
- Stage: Series D
- Total Funding till date: $1.18B
- Investors: Fidelity Investments, Samsung Catalyst Fund and 27 Others
- Latest Funding Round: Series D, Dec 02, 2024, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 11 of 315 Competitors
3. Integrate
Key facts about Integrate
- Founded Year: 2017
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $39.6M
- Investors: Georgian, Real Ventures and 6 Others
- Latest Funding Round: Series A, Feb 01, 2019, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 13 of 1,066 Competitors

4. Base Two
Key facts about Base Two
- Founded Year: 2022
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $17.2M
- Investors: Glasswing Ventures, AXA Venture Partners and 14 Others
- Latest Funding Round: Series A, Sep 26, 2024, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 13 of 607 Competitors
5. Mecka
Key facts about Mecka
- Founded Year: 2024
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $68M
- Investors: Framework Ventures, Neo and 7 Others
- Latest Funding Round: Series A, Jun 02, 2026, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 16 of 289 Competitors
Companies founded year-on-year in the AI Infrastructure sector in Toronto
9 new startups have been founded so far in 2026 in the AI Infrastructure sector in Toronto. 14 AI Infrastructure startups in Toronto were founded in 2025 - 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 | 9 |
2025 | 14 |
2024 | 12 |
2023 | 9 |
2022 | 4 |
2021 | 4 |
2020 | 5 |
2019 | 7 |
2018 | 3 |
2017 | 3 |
Stage-wise distribution of AI Infrastructure sector companies in Toronto
Out of the total 91 AI Infrastructure companies in Toronto, 23 have secured funding. Among them, 13 have reached Series A or higher, and 7 to Series B or beyond.
Company Stage | No. of companies |
|---|---|
Founded | 91 |
Funded | 23 |
Series A+ | 13 |
Series B+ | 7 |
Series C+ | 7 |
Funding Trends in the AI Infrastructure sector in Toronto
Total funding year-on-year in the AI Infrastructure sector in Toronto
The AI Infrastructure sector in Toronto saw a total funding of more than $3.06B in the last 10 years. The most amount of funding was in 2024 at more than $1.22B. There has been a total funding of $35M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $35M |
2025 | $633M |
2024 | $1.22B |
2023 | $397M |
2022 | $137M |
2021 | $538M |
2020 | $7M |
2019 | $40.5M |
2018 | $36.5M |
2017 | $18.6M |
Recent Funding Rounds in AI Infrastructure in Toronto
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 8654 | Jun 02, 2026 | ||
Seed | 1826 | Feb 02, 2026 | ||
Series A | 6902 | Nov 01, 2025 | ||
Series D | 3741 | Sep 24, 2025 | ||
Series D | 2217 | Aug 14, 2025 |
Top Investors in AI Infrastructure in Toronto
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Toronto (Canada) | ||
Toronto (Canada) | ||
San Francisco (United States) | ||
Toronto (Canada) |
M&A activity in AI Infrastructure sector in Toronto
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 27, 2025 | ||
Acqui-Hired | Jun 05, 2025 | ||
Business Acquisition | Apr 23, 2025 | ||
Business Acquisition | Jan 19, 2023 | ||
Acqui-Hired | Feb 07, 2020 |
Acquisition trends in AI Infrastructure sector in Toronto
Here are the acquisition trends in AI Infrastructure sector in Toronto:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | - |
2023 | 1 |
2022 | - |
2021 | - |
2020 | 1 |
2019 | - |
2018 | - |
2017 | - |
Colleges which produce the most AI Infrastructure companies in Toronto
Companies founded by alumni from top colleges in the AI Infrastructure in Toronto
Most number of AI Infrastructure startups in Toronto have been founded by alumni from University of Toronto, University of Waterloo and Carnegie Mellon University.
College | No. of companies |
|---|---|
University of Toronto | 7 |
University of Waterloo | 5 |
Carnegie Mellon University | 2 |
The University of British Columbia | 2 |
York University | 2 |
IIT Delhi | 1 |
McGill University | 1 |
McMaster University | 1 |
University of Chicago | 1 |
University of Oxford | 1 |
Total funding in AI Infrastructure companies founded by alumni from top colleges in Toronto
In the last 10 years, University of Toronto graduates' AI Infrastructure companies in Toronto have raised the most funding among top colleges. University of Oxford alumni are second, and The University of British Columbia alumni are third.
College | Total Funding |
|---|---|
University of Toronto | $2.91B |
University of Oxford | $1.54B |
The University of British Columbia | $95M |
York University | $39.6M |
Carnegie Mellon University | $38.3M |
University of Waterloo | $26.2M |
University of Chicago | $11.3M |
IIT Delhi | $6M |
McMaster University | $6M |
McGill University | - |