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Toronto has a booming startup scene. There are numerous startups which are based in Toronto (even more just outside of Toronto). Some of these startups are well-established, while some are just getting started.
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Best Startup companies in Toronto
1. Cohere
Cohere is a platform that gives developers and businesses access to NLP, powered by the latest generation of large language models. Cohere is used for building machines that understand the world and make them safely accessible to all.Cohere provides access to affordable, easy-to-deploy large language models. Its platform gives computers theability to read and write - whether to better understand what customers are saying, or to write compelling copy that speaks to a target audience, Cohere can help.
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Website: https://cohere.ai/
Founded: 2019
Total Funding: $164.9M
Last Funding Type: Series B
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2. Waabi
Waabi is an artificial intelligence (AI) company that commercializes driverless trucks. Waabi is bringing the promise of self-driving closer to commercialization than ever before, thanks to its innovative approach that unleashes the power of AI to "drive" safely in the real world.The company was founded in 2021 by Raquel Urtasun and isbased in Toronto, Canada.
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Website: https://waabi.ai/
Founded: 2021
Total Funding: CA$100M
Last Funding Type: Venture - Series Unknown
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3. Peak Power
Peak Power is a climate tech company founded in 2015 operating in Ontario, New York, New England, and California. Their flagship software, Peak Synergy, provides decarbonization solutions for commercial real estate and industrial customers by optimizing three core energy assets: battery energy storage systems, grid-interactive buildings, andelectric vehicles. Peak Synergy enables customers to minimize operational costs, reduce emissions, and sell energy back to the grid. Peak Power’s software delivers results with innovative projects that take commercial and industrial scale storage systems and electric vehicles into electricity markets. Peak Synergy is deployed in over 10M sq. ft. of real estate, with ~90 MWh of battery and electric vehicle capacity under contract or committed, and reducing greenhouse gas emissions by 72k TCO2e every year.
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Website: http://www.peakpowerenergy.com/
Founded: 2015
Total Funding: $230M
Last Funding Type: Venture - Series Unknown
4. Carbon6
Carbon6 provides a software suite for the Amazon marketplace to help online entrepreneurs streamline everyday operations and improve profitability. Carbon6 streamlines ecommerce business management, including business intelligence, inventory management, and advertising solutions. Carbon6's software tools and resources help entrepreneurssucceed at every stage of their journey.
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Website: https://www.carbon6.io/
Founded: 2021
Total Funding: $81.9M
Last Funding Type: Series A
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5. 3Commas
3Commas develops a crypto-asset management tool for tracking investments and exchanges in a unified platform. It provides access to a unified dashboard as the central hub for trading and portfolio management execution.
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Website: https://3commas.io/
Founded: 2017
Total Funding: $40M
Last Funding Type: Series B
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6. Ada
Ada is a computer software company that features a chatbot-based platform that helps enterprise businesses to automate customer experience. Its platform operates through both web and mobile machine learning engine that reduces support volume and empowers customers to find answers on their own.The company was founded in 2016 and headquartered in Toronto in Canada.
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Website: https://www.ada.cx/
Founded: 2016
Total Funding: $190.6M
Last Funding Type: Series C
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7. Figment
Figment is Canada’s largest blockchain infrastructure and software provider. Our mission is to make it simple for token holders and developers to use, build and govern blockchains. We do this by providing a comprehensive set of tools & services including our enterprise-grade node and staking infrastructure, the Hubble Web 3 explorer, andDataHub developer APIs. With Figment you can discover and build the next killer blockchain based decentralized application.
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Website: https://figment.io/
Founded: 2018
Total Funding: $165M
Last Funding Type: Series C
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8. Tailscale
Tailscale is a WireGuard-based company that works to make private networks easier to build and simpler to configure and maintain. It reduces VPN setup by using a team’s existing identity provider such as GSuite and Office365, connects authorized devices in a peer-to-peer mesh, minimizing latency and improving reliability. The company also creates asecure network between their servers, computers, and cloud instances.Tailscale builds on top of WireGuard’s Noise protocol encryption, a peer-reviewed and trusted standard. Their vision is to remove overhead and complexity from this long tail of software and operational problems that people face every day.It was founded in 2019 and is headquartered in Toronto, Ontario, Canada.
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Website: https://www.tailscale.com/
Founded: 2019
Total Funding: $115.5M
Last Funding Type: Series B
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9. notch
notch, formerly known as ChefHero, provides software for restaurants and distributors that makes it simple to manage orders, reconcile bills and invoices and process payments all in one platform. notch’s platform delivers an end-to-end solution for back of house operations, giving foodservice owners and their staff the tools needed to automatemanual tasks required to run and grow their business.
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Website: https://www.notchordering.com/
Founded: 2015
Total Funding: $29.8M
Last Funding Type: Series A
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10. League
Founded in 2014, League is a platform technology company powering next-generation healthcare consumer experiences. Payers, providers, consumer health partners and employers build on League’s Health OS™ platform to deliver high-engagement, personalized healthcare experiences consumers love. Millions of people use solutions powered by League toaccess, navigate and pay for care.
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Website: https://league.com/
Founded: 2014
Total Funding: $171.1M
Last Funding Type: Series C
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