Top 22 AI startups in Toronto

Last updated: February 22, 2024

1
Funding: $434.9M
Cohere offers an API to add language processing to any system.
2
Funding: $334.5M
Tenstorrent is a computing company that develops AI processors designed to help in faster training and adaptability to future algorithms.
3
Funding: $236.7M
Deep Genomics brings together world-leading expertise in machine learning and genome biology. We’re inventing a new generation of computational technologies that predict what will happen within a cell when DNA is altered by genetic variation, whether natural or therapeutic. Our systems predict the molecular effects of genetic variation, opening a new and exciting path to discovery for disease diagnostics and therapies.
4
Funding: $190.6M
Ada is an automated customer experience company that provides chat bots used in customer support.
5
Funding: $149.4M
Ecobee is a provider of Wi-Fi enabled smart thermostats comes with Amazon's Alexa voice assistant built in for residential and commercial applications.
6
Funding: CA$100M
Waabi is an artificial intelligence (AI) company that commercializes driverless trucks.
7
Funding: $67.1M
Wysdom develops full-stack virtual assistant platform. Connect to customers, answer questions, complete purchases, and transact any time with a trusted cognitive enterprise care solution over social, web chat, and IVR.
8
Funding: CA$65M
Kira is a powerful machine learning software that identifies, extracts, and analyzes text in your contracts and other documents.
9
Funding: $49.6M
Integrate.ai is building an AI powered platform for B2C enterprises that integrates with business processes to make customer interactions more natural and valuable.
10
Funding: $39.9M
InteraXon builds a wearable brain sensing headband Muse that leverages the world’s largest database of brain activity to help people live happier, healthier lives.
11
Funding: $30.4M
CentML accelerates Machine Learning workloads by maximizing training and inference efficiency leading to compute cost reduction.
12
Funding: $25.6M
Cyclica is enhancing drug discovery by harnessing big data and predictive analytics; cloud-based, AI-assisted drug discovery
13
Funding: $13.8M
Lydia AI is an artificial intelligence platform for heath insurers.
14
Funding: $12M
Resemble AI creates custom voices using proprietary deep-learning models that can produce realistic speech synthesis.
15
Funding: $10.8M
Atomic Reach is a content optimization platform built to help marketers create high quality content.
16
Funding: $9.2M
CakeAI uses Analytics and Artificial Intelligence to drive Insights and Innovation in business.
17
Funding: $5.2M
WinterLight Labs develops a novel AI technology that can quickly and accurately quantify speech and language patterns to help detect and monitor cognitive and mental diseases.
18
Funding: CA$5.5M
Bookmarks' AI software AiDA builds a personalized, mobile-friendly website in minutes. You will be ready to show the world a professional destination that gives customers the impression you mean business.
19
Funding: $2.5M
ICEBERG employs computer vision to track and identify objects like players, the puck and sucker punches. The algorithms then go to work logging and analyzing the action.
20
Funding: $1.4M
Spark Plug is a generative AI model designed and trained to transform classic literature into culturally responsive language that resonates with a Gen Z audience. Spark Plug uses ethical data and youth culture to enhance the learning experience through increased engagement, content retention and rigor.
21
Funding: $1.2M
Invision AI software enables edge devices running on mainstream processors to interpret the world around them by recognizing objects, tracking their movements, and identifying anomalies.
22
Funding: $173.7K
Qoherent is accelerating the pace of AI signal processing for radio. Qoherent's AI can improve reliability of space communcations by switching to more resilient waveforms, another part of the spectrum, or another path in the constellation.