All Rankings

Top 100 AI Startups in Toronto 2026

The most-funded artificial intelligence and machine learning startups headquartered in Toronto, ranked by total capital raised.

Known total funding for 100 of 100 ranked companies: $10.2B.

Showing top 100 matching companies · Ranked by total funding raised

Use company data through the API.
Example request
curl "https://indexed.vc/api/v1/companies?industries=Artificial+Intelligence,Generative+AI,Machine+Learning&countries=Canada&cities=Toronto&operatingStatus=active&sort=total_funding_raised&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"

The API has no company type filter, so public companies can appear; this list counts private companies only.

The API cannot leave out companies whose latest round is a grant, private equity or debt financing; this list does.

Data from Indexed.vcUpdated

Methodology: up to 100 active companies matching this list's filters are ordered by disclosed total funding in USD. Companies whose latest round is one of: Grant, Private Equity, Debt Financing are excluded. Totals include recorded grants and other qualifying funding, not just equity. Open a company profile for its funding summary and available detail. How this data is built.

1
Tenstorrent

Designs and sells AI processors, accelerator cards, and software, licensing RISC-V IP to enterpri...

Toronto, Canada501–1000Artificial Intelligence, Hardware
Series ETotal funding$3.8BOct 2026
2
Waabi

Waabi develops physical-AI systems that power autonomous trucks and robotaxis, helping freight op...

Toronto, Canada51–200Artificial Intelligence, Autonomous Vehicles
Series CTotal funding$1.9BJan 2026
3
Cohere

Cohere builds enterprise AI models and platforms — including large language models, retrieval, an...

Toronto, Canada501–1000Artificial Intelligence, Developer Tools
Extension RoundTotal funding$545.1MSep 2025
4
Tempo Labs

Tempo Labs helps designers and product managers build interfaces visually using existing code com...

Toronto, Canada1–10Artificial Intelligence, Design Tools
SeedTotal funding$505.0MOct 2025
5
Beacon

Holding company that acquires and grows mission-critical software businesses, providing capital, ...

Toronto, Canada11–50Artificial Intelligence, SaaS
Series CTotal funding$475.0MJun 2026
6
BenchSci

AI-powered platform that accelerates drug discovery by helping pharmaceutical researchers find th...

Toronto, Canada201–500Artificial Intelligence, Drug Discovery
Series DTotal funding$265.2MMay 2023
7
Deep Genomics

AI-driven biotechnology company using proprietary machine learning platforms to discover and deve...

Toronto, Canada51–200Artificial Intelligence, Biotech
Series CTotal funding$236.7MJul 2021
8
Visier

Visier provides cloud-based Workforce AI that unifies HR data, delivering AI-powered analytics, p...

Toronto, Canada501–1000Analytics, Artificial Intelligence
Series ETotal funding$216.5MJun 2021
9
Moonvalley

Moonvalley develops commercially safe generative video tools that give professional filmmakers pr...

Toronto, Canada11–50Artificial Intelligence, Generative AI
Series BTotal funding$197.0MJul 2025
10
Pave

Pave is AI-native compensation software that helps companies benchmark pay, price jobs, run merit...

Toronto, Canada51–200Artificial Intelligence, Fintech
Series CTotal funding$162.9MJun 2022
11
Blue J

Blue J's AI-powered platform delivers defensible tax research answers in seconds to accounting fi...

Toronto, Canada51–200Artificial Intelligence, Generative AI
Series DTotal funding$161.0MAug 2025
12
Biossil

AI-native biopharma drug discovery platform developing targeted therapies for biologically define...

Toronto, Canada1–10Artificial Intelligence, Biotech
Venture RoundTotal funding$153.0MSep 2026
13
turing

A Software-as-a-Service (SaaS) platform that uses artificial intelligence tools to assist with Co...

Toronto, Canada11–50Artificial Intelligence, HR Tech
Series ETotal funding$143.0MMar 2025
14
League

League is the leading healthcare consumer experience (CX) platform, powered by AI, enabling payer...

Toronto, Canada201–500Artificial Intelligence, Healthcare
Series CTotal funding$142.1MFeb 2022
15
Ideogram

Ideogram is a generative media platform that offers creative apps, image and video models, and an...

Toronto, Canada11–50Artificial Intelligence, Infrastructure
Series ATotal funding$96.5MFeb 2024
16
Veeda AI

Veeda AI builds multimodal foundation world models that simulate physical reality, creating infin...

Toronto, Canada11–50Artificial Intelligence
SeedTotal funding$90.0MAug 2026
17
Spellbook

AI copilot that automates contract drafting, review, and benchmarking for law firms and in-house ...

Toronto, Canada201–500Artificial Intelligence, Legal Tech
Series BTotal funding$80.9MOct 2025
18
ODAIA

ODAIA delivers AI-powered commercial intelligence for life sciences companies, unifying data so c...

Toronto, Canada51–200Artificial Intelligence, Healthcare
Series ATotal funding$62.5MFeb 2026
19
Boosted.ai

Boosted.ai provides agentic AI for investment management, helping asset managers enhance research...

Toronto, Canada51–200Artificial Intelligence, Fintech
Extension RoundTotal funding$61.0MNov 2024
20
Delphia

We build quantitative investment strategies improved by consumer data

Toronto, Canada11–50Artificial Intelligence, Crypto & Web3
Series ATotal funding$60.0MJun 2022
21
Forma AI

Forma.ai is an enterprise sales performance management platform that helps global organizations p...

Toronto, Canada51–200Artificial Intelligence, SaaS
Series BTotal funding$58.0MMay 2022
22
ResQ

AI-powered platform combining work order management, a vetted vendor network across 60+ trades, i...

Toronto, Canada51–200Artificial Intelligence, SaaS
Series ATotal funding$46.5MOct 2021
23
Swift Medical

AI-powered digital wound care management platform that enables faster healing and assessments for...

Toronto, Canada51–200Artificial Intelligence, Healthcare
Series BTotal funding$46.5MJul 2021
24
Flybits

Flybits turns data into real-time, context-aware digital experiences and operates as an elite inn...

Toronto, Canada51–200Artificial Intelligence, Fintech
Series CTotal funding$45.9MJul 2019
25
ACTO

AI-powered platform that trains, coaches, and measures life-sciences field teams to improve HCP e...

Toronto, Canada51–200Artificial Intelligence, Healthcare
Series CTotal funding$43.5MSep 2024