Funded Artificial Intelligence Startups in Montréal
The 33 companies in this dataset raised rounds spanning December 2020 through November 2025, with Flare's $15M Series B in November 2025 being the most rec…
The 33 companies in this dataset raised rounds spanning December 2020 through November 2025, with Flare's $15M Series B in November 2025 being the most recent entry. The largest disclosed raises are T-Rize Group's $300M and dcbel's $55M, both closing in late 2024 and early 2025 respectively under unlabeled round types. Growth-stage activity includes four Series B rounds — Flare, Local Logic ($13M), Kaloom ($21M), and Algolux ($18M) — alongside a single Series A from Maxa AI ($21M, May 2024).
Early-stage deal flow runs consistently across the full five-year window: six pre-seed rounds and nine seed rounds appear, accounting for nearly half the dataset by count. Application domains are unusually varied for a single city cluster — health AI (Ubenwa Health, Simmunome AI, Perceiv AI), building energy management (BrainBox AI), rail analytics (RailVision Analytics), marine monitoring (Whale Seeker), and robotics (Acrylic Robotics, Shearwater Aerospace) all appear alongside developer tooling and data visualization companies including Plotly and Flojoy.
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Frequently asked
What are the largest disclosed rounds among these 33 Montréal AI companies?
T-Rize Group leads at $300M (Series Unknown, December 2024), followed by dcbel at $55M (Series Unknown, March 2025). Among labeled growth rounds, Maxa AI's $21M Series A (May 2024) and Kaloom's $21M Series B (September 2022) are the largest, with Algolux ($18M Series B, July 2021) and Flare ($15M Series B, November 2025) close behind.
How much early-stage deal activity appears in this data?
Six pre-seed rounds are present, ranging from Zetane Systems' $400K (February 2022) and INTO's $400K (December 2023) up to vopemed's $2M (April 2025) and Ubenwa Health's $3M (July 2022). Nine seed rounds also appear, including HumanFirst ($4M, July 2023), Deeplite ($4M, April 2021), and My Intelligent Machines ($5M, April 2021), making early-stage the most represented bracket by count.
Which AI application verticals show up most in this dataset?
The dataset is notably fragmented across verticals rather than concentrated in one area. Health AI appears in at least three companies — Ubenwa Health, Simmunome AI, and Perceiv AI. Infrastructure and industrial AI is represented by BrainBox AI (building energy management), RailVision Analytics (rail), and dcbel (energy). Robotics, marine monitoring (Whale Seeker), developer tooling (Flojoy), and data visualization (Plotly) also each have at least one entry.
How active has Montréal AI funding been since the start of 2024?
Eleven rounds in this dataset closed between January 2024 and November 2025. The range runs from Queva's $180K undisclosed-stage raise in March 2024 to T-Rize Group's $300M in December 2024. Five of those eleven rounds closed in 2025 alone, with Flare's $15M Series B in November 2025 being the most recent entry.
How many companies in this dataset have undisclosed round amounts or missing stage labels?
Seven companies list undisclosed amounts — Heyday AI, Shearwater Aerospace, Acrylic Robotics, MAKILA, ElligencIA, Whale Seeker, and XeoHive Technology. Four entries have no round stage listed at all: Queva ($180K), Rithmik Solutions ($2M), Heyday AI, and Plotly ($6M). This affects roughly a third of the 33 rows and is worth noting when calculating aggregate totals or filtering by stage.
Which round stage appears most often in this dataset?
Seed rounds are the most frequent labeled stage with nine entries, followed by six pre-seed rounds and four Series B rounds. Ten companies carry a "Series Unknown" label, meaning the round type was not publicly disclosed despite an amount being reported in some cases — this is particularly common among mid-sized raises like Noze ($5M), BrainBox AI ($7M), and Koios Intelligence ($7M).
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