Funded Artificial Intelligence Startups in Calgary
Calgary's AI startup funding activity, across the ten companies shown, spans from February 2020 through May 2025 and covers a range of stages from Pre-Seed…
Calgary's AI startup funding activity, across the ten companies shown, spans from February 2020 through May 2025 and covers a range of stages from Pre-Seed through Series B. The two most recent entries — Braintoy and OraQ AI, both recorded May 7, 2025 — carry undisclosed terms and unspecified round types, a pattern common throughout the set. Among deals with disclosed amounts, mCloud's $18M raise in November 2022 is the largest, followed by Ambyint's $15M in early 2020 and Crux OCM's $6M venture round in September 2021.
2023 stands out as the most active period in this dataset, with four closings logged across eight months: Mercator AI ($4M seed), Ontopical ($2M seed), Qube Technologies (Series B, undisclosed), and Luniko ($700K). Calgary is the sole geography represented, with all companies headquartered in Alberta.
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Frequently asked
What are the largest disclosed funding rounds among Calgary AI startups in this dataset?
mCloud leads with $18M raised in November 2022, followed by Ambyint at $15M in February 2020 and Crux OCM at $6M in September 2021. At the seed stage, Mercator AI raised $4M in March 2023 and Ontopical raised $2M in September 2023. Luniko is the smallest disclosed deal at $700K in November 2023.
How much of the Calgary AI funding activity has undisclosed terms?
Five of the ten rounds carry undisclosed amounts, including the two most recent closings — Braintoy and OraQ AI, both recorded May 7, 2025. Qube Technologies' Series B from October 2023 is also undisclosed, which is notable given that Series B rounds typically represent more substantial capital.
Which year saw the most AI funding activity in Calgary based on the rows shown?
2023 accounts for four separate closings in the dataset: Mercator AI ($4M seed, March), Ontopical ($2M seed, September), Qube Technologies (Series B, undisclosed, October), and Luniko ($700K, November). No other single year in the dataset matches that volume.
Are there any later-stage AI companies represented in Calgary's recent funding history?
Qube Technologies is the only company with a confirmed Series B designation, closing in October 2023 at an undisclosed amount. mCloud ($18M, November 2022) and Ambyint ($15M, February 2020) suggest later-stage scale by deal size, though both carry unspecified stage labels.
What round stages appear most often among Calgary AI startups shown here?
"Series Unknown" is the most frequent designation, assigned to Braintoy, OraQ AI, Luniko, and mCloud. The dataset also includes two seed rounds (Mercator AI, Ontopical), one Pre-Seed (askelle), one Series B (Qube Technologies), and one entry with no stage listed (Ambyint).
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