13 Toronto Companies Secure Funding for AI Innovation

To accelerate the clinical and commercial rollout of Cosm's Gynethotics™ platform-an AI-driven system for designing and manufacturing patient-specific gynecological devices by replacing one-size-fits-all care standards with custom solutions.

Incorporated in 2017 and based in Toronto, Cosm Medical is building the precision platform for pelvic health.

$1,987,825

To improve efficiency, speed, and product quality by acquiring advanced equipment and integrating robotics and automation, while developing the DMD AI Software Application for Engineering to extract structured data from non-standard formats, enhance data organization, and streamline engineering workflows.

Incorporated in 2018, Scarborough-based DMD Building Systems Corporation is a manufacturing company specializing in structural steel building solutions and high-end prefinished exterior wall systems.

$1,700,000

To accelerate the development and commercialization of its AI Energy Co-Pilot platform, which uses machine learning and real-time data to optimize energy management.

Incorporated in 2016, Edgecom Energy Inc. located in Toronto, is a Canadian owned and controlled technology company that helps large energy consumers optimize operations using AI and Internet-of-Things (IoT)-driven energy management solutions.

$575,000

To commercialize a new AI‑powered technology aimed at improving the current standard for assessing endometrial receptivity.

Incorporated in 2017, Future Fertility is a Toronto-based global leader in AI-powered oocyte assessment, specializing in data-driven fertility technologies used in over 300 clinics across more than 35 countries to support treatment planning, patient counselling, and personalized care.

$555,239

To advance its AI powered healthcare digital solution "CliniScripts," through automated clinical workflows and operational processes to increase efficiency in healthcare service delivery.

Incorporated in 2012, Oakville-based MarkiTech is a software company that specializes in digital healthcare solutions and AI applications with a special focus on autism care.

$500,000

To add advanced AI capabilities to its existing SaaS platform and registry services, enhancing support for law firms and in‑house legal teams in Canada and abroad.

Incorporated in 2017, Thornhill-based MinuteBox is a cloud-based entity management company that provides digital solutions, compliance, corporate transaction and registry services to law firms and in-house counsel legal teams.

$700,000

To modernize its fleet management systems to enable a comprehensive, scalable solution for boosting operational efficiencies, improving environmental sustainability and increasing safety for the transportation industry.

Incorporated in 2004, Oakville-based Naryant is a data solution and custom software company helping organizations enhance efficiency and achieve better outcomes by leveraging technologies including AI-driven analytics and business intelligence tools.

$536,403

To advance and scale Limina's sensitive data infrastructure platform, supporting regulated enterprises across healthcare, financial services, and insurance in activating and deploying AI against their most sensitive datasets without compliance risk.

Incorporated in 2017, Toronto-based Private AI (o/a Limina) is a technology company founded by University of Toronto machine learning researchers that provides sensitive data infrastructure layer for the enterprise AI era, helping regulated organizations govern and deploy AI across their most sensitive data environments.

$2,000,000

To bring to market an AI-powered solution that improves targeted drug delivery, making treatments easier to produce, more cost-effective, and safer for patients.

Incorporated in 2017, Toronto-based ProteinQure specializes in AI-driven protein drug discovery and has developed the first AI-designed peptide drug, now in Phase I clinical trials at Princess Margaret and other leading cancer hospitals.

$1,800,000

To develop an AI-powered platform that transforms unstructured global corporate filings into structured, high-quality financial data, making institutional-grade insights accessible to all levels of investors.

Incorporated in 2021, Toronto-based Stratosphere Technology Inc. (o/a Fiscal.ai), is an institutional-grade data API provider and online financial research platform, leveraging AI to deliver structured financial data to analysts, developers, and data platforms.

$1,521,327

To develop and commercialize a digital platform that accelerates building permit approvals through AI-assisted compliance checks against building codes and regulations.

Incorporated in 2019, Toronto-based Trax.GC Corp (o/a Trax) is a software company focused on building AI-powered solutions tailored to the construction sector for both municipal and industry customers.

$394,000

To launch and deliver a Data Readiness, Model Development, and Deployment program that helps startups turn AI ideas into real products by improving data, building models, and deploying solutions.

Incorporated in 2017, Vector Institute, located in Toronto, is one of three Canadian national AI institutes dedicated to driving leadership in AI to foster economic growth, offering training programs and collaborative projects designed to advance AI capabilities and boost AI literacy across industries and support Ontario's AI ecosystem.

$4,000,000

To deliver a natural-language AI solution that helps Canadian small and mid-sized enterprises make faster, data-driven decisions by providing immediate access to real-time operational data across sales, inventory, and finance while reducing technical dependency.

Founded in 2021 and based in North York, VisFuture Inc. is an IT solutions provider delivering custom enterprise systems and advanced AI platforms designed to accelerate digital transformation for growing businesses.

$200,000