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North America

Canada AI & tech ecosystem (2026)

North America's AI ecosystem in Canada: 7 tracked AI startups, with the biggest hub in Toronto. Total tracked funding: $2.1B.

🚀
Startups
7
💰
Total raised
$2.1B
🏛️
Investors HQ'd
1
👤
Founders + ops
0

Funding by year — Canada

2021 → 2025
$125M
'21
$270M
'22
$366.5M
'23
$500M
'24
$600M
'25

Top startups in Canada by score

View all 7 →
# Company City Funding Score
1 Cohere Toronto $1.8B
58
2 Ideogram Toronto $96.5M
52
3 Spellbook Toronto $10.2M
46
4 Resemble AI Toronto $9M
44
5 Ada Toronto $190.9M
40
6 Coveo
33
7 RBC Borealis AI
25

Recent funding in Canada

All rounds →
Date Startup Round Amount
Sep 2025 Cohere Series E ext $100M
Aug 2025 Cohere Series E $500M
Jul 2024 Cohere series-e $500M
Oct 2023 Ideogram series-a $80M
Jun 2023 Cohere series-c $270M
Jun 2023 Ideogram seed $16.5M
Feb 2022 Cohere series-b $270M
Nov 2021 Cohere series-a $125M

All startups in Canada

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