Deeptech startups in Toronto

Christian Weedbrook

Founded 2016 by ex-U of T physicist Christian Weedbrook. Photonic quantum-computing hardware + open-source PennyLane software for quantum machine learning; opened a C$10M photonic packaging facility in Toron...

Ljubisa Bajic (founder); Jim Keller (CEO)

Founded 2016 in Toronto; AI chip / RISC-V compute company led by legendary chip architect Jim Keller (ex-Apple, AMD, Tesla, Intel). Raised US$700M Series D in Dec 2024 (Samsung Securities, AFW, Bezos Expedit...

Lucas Siow

AI + computational (incl. quantum) design of peptide and protein therapeutics. Raised US$11M Series A (May 2025, led by Heron Rock Fund with Golden Ventures, Kensington); ~US$16M total. Lead asset PQ203, a f...

Massimiliano Moruzzi

AI industrial-robotics deeptech building 'synthetic brains' (xCognition / xaCORE) that let industrial robots and cobots self-program tasks like welding, drilling and assembly with zero code. Raised US$2M see...

Brendan Frey

** Founded 2014 as a U of T spinout by ML pioneer Brendan Frey, Deep Genomics uses an AI "Workbench" (~40 AI tools) to discover and develop RNA-targeted genetic medicines. Raised a $180M Series C led by Soft...

Stuart Lombard

Founded 2007 in Toronto; launched the first smart Wi-Fi thermostat (2008) and built a connected-home platform of devices plus cloud services/energy software. Acquired by Generac in 2021; remains Toronto-HQ'd...

Spacetech company building a LEO nanosatellite network for space-to-space optical connectivity ("the internet for space"), designing and operating shoebox-sized satellites. A rare Toronto-HQ'd spacetech scal...

Canada's flagship space-technology company (Canadarm heritage), with global HQ and its space-robotics Centre of Excellence in Brampton — labs, manufacturing, R&D, assembly, and test. Anchors the GTA's spacet...

Autonomous-driving (self-driving trucks) company founded by U of T professor Raquel Urtasun, using an AI-first "Waabi World" simulation approach. Reported to have reached unicorn status as of January 2026 — ...

Photonic quantum-computing company building quantum hardware and the PennyLane open-source software framework; one of Toronto's marquee deep-tech "soonicorn" names in quantum.