Creative Destruction Lab (CDL)

The Creative Destruction Lab (CDL) is a seed-stage acceleration program founded in 2012 at the Rotman School of Management in Toronto, Canada. It is dedicated to supporting massively scalable, science- and technology-based ventures by providing a unique coaching process focused on specific objectives. CDL connects startups with experienced entrepreneurs and leading scientists across various sectors, including artificial intelligence, healthcare, quantum computing, blockchain, energy, and cleantech. The program has expanded its reach, operating in six cities: Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City, and emphasizes the commercialization of scientific and technological advancements.

Rob Barbara

Associate

Charles Conn

Associate

Todd Crescenzo

Associate

Mark Evans

Associate

Bernard W. Gray

Associate

Bettina Hamelin

Associate

Christophe Jurczak

Associate

Patrick Kappel

Venture Manager, Space stream

Sue Marks

Associate

Oliver Plunkett

Associate

Jay Rhind

Associate

KJELL SKAPPEL

Founding Partner and Associate

Katharine Tomko

Associate

Tony Bommel

Associate

Past deals in Ontario

AdeptMind

Non Equity Assistance in 2021
AdeptMind is a Toronto-based SaaS company that develops an AI-powered e-commerce product discovery and search platform. Founded in 2016, it uses deep learning and natural language processing to deliver personalized search results and smart filtering, helping online retailers reduce no-result searches. The platform collects data across all products to power recommendations without requiring third-party search tools, and it targets shopping center marketplaces and e-commerce product discovery.

Private AI

Non Equity Assistance in 2021
Private AI Inc., founded in 2017 and headquartered in Toronto, Canada, specializes in developing privacy-preserving machine learning and natural language processing tools. The company focuses on enabling organizations to securely analyze large datasets that contain sensitive information without compromising user privacy. Its technology excels in identifying, redacting, and generating synthetic personally identifiable information (PII) across more than 50 entity types and supports over 47 languages with an accuracy exceeding 99.5%. Private AI's solutions are designed to integrate seamlessly with clients' existing infrastructures, ensuring that their data remains secure and never leaves their environment. Through these innovations, Private AI aims to enhance the capabilities of developers while maintaining the highest standards of data privacy.

Multiverse Computing

Pre Seed Round in 2020
Founded in 2019 with headquarters in San Sebastian, Spain, Multiverse Computing develops quantum computing software tailored to solve complex real-world challenges. Its software leverages probabilistic technology for portfolio optimization, risk analysis, and market simulation, serving clients across industries such as finance, energy, manufacturing, and logistics.

Mayday

Non Equity Assistance in 2020
Mayday Labs Inc. is a Toronto-based company that specializes in designing and developing wellness and productivity software solutions. Founded in 2018, the company focuses on creating an AI-assisted scheduling tool that helps users organize and optimize their time effectively. This tool analyzes how time is allocated across various activities and offers calendar management features, including automatic travel time scheduling. By providing personalized assistance and recommendations for daily time management, Mayday Labs aims to enhance productivity and adapt to changing schedules, enabling users to manage their time more efficiently.

PhenoTips

Non Equity Assistance in 2020
Founded in 2014, PhenoTips is a Canadian software company specializing in clinical genetics. It offers user-friendly solutions that integrate with existing electronic health records to streamline phenotyping and human phenotype ontology.

Revolve Surgical

Pre Seed Round in 2020
Revolve Surgical is a Toronto, Ontario-headquartered company developing a robotic surgery platform designed to enable robotic procedures across a broader range of operating rooms and to advance value-based care. The hybrid manual-robotic system eliminates teleoperation and seeks to reduce the size, cost, and training required by current robotic devices, expanding access to robotic surgery for patients. The technology targets abdominal surgeries performed outside traditional hospital settings, aiming to bring the benefits of surgical robotics to more care settings in the United States.

Workwolf

Pre Seed Round in 2020
Workwolf is a Toronto-based startup that develops software to streamline hiring by filtering applicants and verifying resumes. Its CEO, Erik Simins, previously founded MAGNUS HRS, a staffing firm that now serves over 150 enterprise customers. Workwolf’s platform uses blockchain and AI to provide up‑to‑date background verification, producing detailed reports for employers and allowing candidates to create verified profiles. The solution reduces manual effort, shortens time‑to‑hire, and lowers the risk of mis‑hiring. The company has earned three global innovation awards and is preparing for a $4.5 million seed financing round.

Epineuron

Grant in 2020
Epineuron Technologies, Inc. is a medical device company based in Hamilton, Canada, established in 2016. It specializes in developing innovative treatment strategies for peripheral nerve injuries through bioelectronic medicine. The company focuses on creating a suite of surgical solutions aimed at enhancing the repair and regeneration of peripheral nerves. Epineuron's flagship product is an electroceutical device that delivers targeted electrical stimulation to accelerate the natural healing processes of injured nerves. By leveraging this technology, Epineuron aims to set a new standard of care in the field of nerve injury treatment, aspiring to become a leader in bioelectronic nerve care.

Menten AI

Seed Round in 2020
Menten AI, established in 2018 with headquarters in San Francisco and a satellite office in Toronto, is an early-stage biotech company specializing in drug discovery. It leverages machine learning and quantum computing to develop novel protein-based drugs and enzymes for pharmaceutical and chemical industries. Menten AI's core offering is a proprietary protein design algorithm tailored for current and near-term quantum computers, enabling efficient exploration of protein structures for therapeutic applications, such as oncology and neurodegeneration, and industrial enzyme development.

Measure Protocol

Venture Round in 2020
Measure Protocol Limited is a London-based company established in 2018, with additional offices in Silicon Valley, Toronto, and Chennai. It develops a blockchain-powered application that serves as a marketplace for personal data, addressing concerns related to fraud, privacy, transparency, and consumer engagement. The application enables users to earn compensation for completing surveys and to connect various personal data sources, including location, health, and purchase history from online accounts. By providing verified, first-party consumer behavior insights, Measure Protocol aims to overcome the accuracy and scalability challenges faced by modern digital advertising. Its deterministic panel offers high-fidelity behavioral insights, ensuring that brands target genuine high-intent consumers instead of relying on inferred data, thereby enhancing the effectiveness of marketing strategies.

Arma Biosciences

Non Equity Assistance in 2020
Arma Biosciences develops a sensor platform for continuous monitoring of a wide range of physiological markers. The platform uses sensing tips compatible with saliva, blood, urine, sweat, and tears and can be rapidly developed to detect diverse health indications, including cardiac biomarkers such as BNP, CRP, and Cardiac Troponin, enabling individuals to access real-time information about their health status. The company is headquartered in Toronto, Ontario.

Ratio.City

Seed Round in 2019
Ratio.City is a Toronto-based developer of an online mapping and analysis platform for real estate development. The platform enables users to identify potential development locations and to model 3D building massing for low-, mid-, and high-rise scenarios while incorporating city planning regulations to inform land valuations. By generating a three-dimensional building simulation, it helps real estate professionals strategically identify sites that fit target markets and quickly assess land value. The company focuses on providing tools and data to evaluate development opportunities efficiently. Founded in 2017, Ratio.City serves the real estate industry.

BeatDapp

Non Equity Assistance in 2019
BeatDapp is a music technology company that provides streaming fraud detection and data integrity solutions for the music industry. The platform authenticates and validates media streamed in real time to reduce discrepancies between digital service providers and rights holders, helping labels, artists, and distributors ensure fair compensation and lower audit costs. With offices in Vancouver, Los Angeles, and Toronto, BeatDapp serves streaming services, labels, collection societies, creator tools, and distributors by delivering accurate streaming data and insights to combat fraud and improve royalty reporting.

StratumAI

Pre Seed Round in 2019
StratumAI Inc. is a Toronto-based company that specializes in developing artificial intelligence-driven software for the mining industry. Founded in 2018, StratumAI focuses on enhancing the efficiency and accuracy of drilling data collection and analysis. Its software employs deep learning techniques to predict optimal drilling locations and estimate the quantity of gold and other metals present in the subsurface. This innovative approach replaces traditional statistical interpolation methods, which can be costly and less precise. StratumAI's technology has also shown effectiveness in assessing base metals, such as copper. By streamlining the exploration process, the company aims to deliver significant economic value, with projections indicating that its solutions could generate substantial annual savings for mining operations.

CapIntel

Non Equity Assistance in 2019
CapIntel Inc. is a financial technology company based in Toronto, Canada, founded in 2017. It develops an online platform designed to enhance financial advisory services, utilized by over 12,000 financial advisors and asset management sales teams across North America. The platform integrates investment analytics with collaborative tools, facilitating better communication between asset managers and advisors, and improving the overall client experience. By enabling financial advisors to build client portfolios, compare fund performance, and create easily comprehensible proposals, CapIntel enhances advisors' confidence in communicating investment options to their clients. The company's solutions aim to increase sales for both advisors and asset managers, positioning CapIntel as a leading sales platform in the financial advisory sector.

QReserve

Non Equity Assistance in 2019
QReserve is a platform that helps organizations manage, promote, and share resources such as meeting rooms, equipment, and facilities. It provides analytics tools to track utilization rates, revenues, capacity, and performance. The platform enables users to discover, access, and book these resources, serving notable clients like SickKids, UBC Okanagan, and McMaster University.

16 Bit

Non Equity Assistance in 2019
16 Bit Inc. is a Toronto-based company that develops medical image analysis systems, focusing on artificial intelligence software designed to enhance diagnostic capabilities for healthcare professionals. The company is working on a triaging algorithm specifically for breast cancer screening, as well as systems for neurological emergency detection and pediatric bone age assessment. By creating trusted AI software as a medical device, 16 Bit aims to improve the quality, efficiency, and accessibility of healthcare, ultimately assisting physicians and radiologists in interpreting medical images more effectively.

Spiderwort

Angel Round in 2019
Spiderwort is an innovative company based in Ottawa, Ontario, founded in 2015, focused on developing biomaterials for regenerative medicine. The company specializes in creating cellulose-based biomaterials that serve as living scaffolds, which can be utilized for various medical applications, including spinal cord injury repair and soft tissue regeneration. Spiderwort's products encompass a range of biological and synthetic polymers available in multiple forms, such as powders, gels, membranes, and pastes. Currently in the pre-clinical stage, their novel biomaterials have shown promising results in terms of biocompatibility and the ability to induce angiogenesis, which is the generation of blood vessels within the scaffold. This approach aims to advance the repair and regeneration of tissues within the human body, providing new solutions for challenging medical conditions.

Forcen

Seed Round in 2019
Forcen develops and manufactures force-sensing film for various industries, including surgical robotics, industrial robotics, and aerospace. Its film can be integrated into parts or assemblies of devices in these sectors, providing real-time force feedback. Founded in 2015, the company is headquartered in Toronto, Canada.

Doorr

Pre Seed Round in 2019
Doorr Inc. is a Toronto-based company founded in 2018 that specializes in developing application software for the mortgage industry. The company offers a digital mortgage platform designed to streamline the mortgage process for brokers, agents, and financial institutions. This platform facilitates collaboration between brokers and their clients, providing tools for managing pre-approvals, refinances, and purchases in a centralized location. By digitizing the entire mortgage experience—from document management to deal funding—Doorr enhances efficiency and improves visibility throughout the application and approval process. Its solutions also include data visualization and customizable websites, allowing agents to better serve their clients and navigate the complexities of the mortgage market.

Grain Discovery

Non Equity Assistance in 2019
Founded in Toronto in 2018, Grain Discovery operates an online marketplace that leverages blockchain technology to facilitate efficient, transparent, and secure transactions between farmers and buyers. Its platform offers tools for instant bids, contract finalization, ERP integration, CRM consolidation, and traceability solutions, enabling agricultural supply chain verticals to manage operations more efficiently.

Lunie

Non Equity Assistance in 2019
Lunie is a non-custodial cryptocurrency platform based in Toronto, Ontario, designed for both mobile and web use. The company focuses on staking and governance for proof-of-stake blockchains, providing developers with support across various networks, including Cosmos, Polkadot, Kusama, and Terra. Lunie's mission is to facilitate the growth and management of these blockchain ecosystems, emphasizing user control and security in cryptocurrency transactions.

DarwinAI

Seed Round in 2018
DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

INDUS.AI

Seed Round in 2018
INDUS.AI is a construction intelligence platform that provides real-time visibility into construction sites for real estate investors, owners, developers, and general contractors. The platform uses live video from secure cameras to identify inefficiencies, monitor productivity, and surface risks, enabling project teams to optimize labor, equipment, and materials, reconcile over-billed charges, and adjust schedules. It aims to improve safety, efficiency, and transparency on projects. Founded in 2017, INDUS.AI has offices in San Francisco and Toronto and serves clients in the United States, Canada, Hong Kong, and Brazil.

Brisk Synergies

Non Equity Assistance in 2018
Brisk Synergies Inc. is a technology company specializing in the design and development of solutions for urban planners and engineers focused on traffic movement analysis. Founded in 2013 and headquartered in Waterloo, Canada, with an additional office in Montréal, the company offers advanced software platforms, including BriskLUMINA and BriskVANTAGE. BriskLUMINA tracks and classifies individual road users while detecting near-misses and potentially dangerous interactions, whereas BriskVANTAGE employs artificial intelligence and computer vision to monitor real-time video data, enabling the identification of collision risks. These tools provide transportation engineers with critical insights into road safety issues, allowing for proactive measures to enhance traffic infrastructure and urban mobility. As of January 2020, Brisk Synergies operates as a subsidiary of Transoft Solutions, Inc.

bridge7

Non Equity Assistance in 2018
Bridge7 is a Canadian company founded in 2017 that specializes in developing AI-powered consultation software aimed at improving cancer care delivery. The software employs advanced machine learning algorithms to analyze data from thousands of patients, providing clinical teams with decision-making metrics to enhance the quality of care. This innovative approach enables healthcare providers to gain valuable insights and consultations regarding cancer treatment options before patients initiate their treatment courses, ultimately leading to increased clinical efficiency and improved quality in cancer care delivery. Headquartered in Ontario, Bridge7 is committed to ensuring that patients receive the most effective and timely care from specialized cancer treatment centers.

eMurmur

Non Equity Assistance in 2018
Founded in Ottawa, Canada in 2015, eMurmur is a digital health company specializing in the detection, analysis, and classification of heart murmurs using machine learning. Its platform enables remote recording and analysis of auscultation sounds, facilitating screening, monitoring, diagnosis, and consultation for heart health.

Delphia

Seed Round in 2018
Delphia Inc. is a Toronto-based company, incorporated in 1993, that specializes in developing artificially intelligent surveys designed to assist individuals in making informed decisions regarding careers, education, finances, and health. The company emphasizes the importance of data in fostering capital formation and economic empowerment. Delphia creates products that encourage the sharing of proprietary data, aiming to provide users with a competitive advantage in financial markets. By actively managing personal data, Delphia seeks to unlock innovative opportunities for wealth creation for both individual and institutional investors.

TritonWear

Seed Round in 2018
TritonWear is a Canadian wearable technology company based in Kitchener that develops performance wearables and companion software to help coaches and athletes track performance in real time. Its waterproof wearable, paired with mobile and web applications, delivers real-time and post-workout metrics, AI-powered analytics, video motion analysis, and cloud storage, enabling swim teams, coaches, and athletes to monitor progress, identify improvement areas, and make data-driven training decisions.

Notch Therapeutics

Non Equity Assistance in 2018
Notch Therapeutics is a Toronto-based company developing immune cell therapies using induced pluripotent stem cell technology to create gene-edited allogeneic T cells. Its platform enables precise control of Notch signaling during T-cell development, enabling scalable manufacture of a uniform supply of therapeutic T cells for cancer indications such as non-Hodgkin lymphoma, leukemia, and multiple myeloma. The approach aims to overcome bottlenecks in cell therapy development by integrating advanced product design with commercially compatible processes, supporting a next-generation pipeline of cell therapies.

AuroraQ

Non Equity Assistance in 2018
AuroraQ is a quantum computing startup based in Toronto, Canada, founded in 2017, that develops standardized and modular quantum components designed to integrate with a range of quantum processor technologies and scale with customer needs. The company sells its modular components to existing quantum computing companies as well as academic and government customers, enabling easier access to quantum capabilities and broader market participation. In addition, AuroraQ offers engineering services for superconducting quantum processors, including designing and running quantum circuits, deriving the equations that describe time evolution, analyzing parasitic dissipation of quantum information, and simulating circuit behavior under varying environmental conditions, helping customers advance quantum computing development.

ProteinQure

Pre Seed Round in 2017
ProteinQure is a biotechnology company focused on designing novel exotic peptides with broad therapeutic applications. It leverages quantum computing, atomic-level simulations, reinforcement learning, and artificial intelligence to engineer dynamic peptide therapeutics and to design protein structures with efficiency. The company provides structure determination, protein design, and property determination to enable drug discovery and design. Founded in 2017, ProteinQure is based in Toronto, Canada.

Untether AI

Non Equity Assistance in 2017
Untether AI Corporation, established in 2017 and headquartered in Toronto, Canada, specializes in the development of advanced neural net-based inference processors and chips. These processors are designed to enhance the capabilities of various devices, such as augmented reality headsets and wearables, enabling them to perform complex tasks like machine vision and speech recognition. The company focuses on a unique architecture that minimizes energy consumption while maximizing inference performance, addressing the challenges posed by strict energy budgets in modern devices. By employing a near-memory design, Untether AI’s technology reduces the distance data must travel during processing, thereby improving efficiency and lowering resource requirements. This innovative approach positions Untether AI as a leader in the evolving landscape of artificial intelligence applications, where effective inference is critical for advancing device intelligence.

Borealis Wind

Non Equity Assistance in 2017
Borealis Wind is a Canadian company based in Kitchener, Ontario, founded in 2016. It specializes in developing an innovative internal blade heating retrofit for wind turbines, aimed at enhancing their performance in cold climates. This patented device effectively prevents and removes ice buildup on turbine blades, which can lead to significant losses in power generation and revenue for wind farms during winter months. By providing a low-maintenance and easily installable de-icing solution, Borealis Wind is contributing to increased efficiency and reliability in the wind energy sector, addressing critical challenges faced by renewable energy sources in harsh weather conditions.

CryptoNumerics

Non Equity Assistance in 2017
CryptoNumerics Inc. is an enterprise software company based in Toronto, Canada, founded in 2017. The company specializes in solutions that facilitate data privacy and security in compliance with regulations such as HIPAA and GDPR. Its flagship products include CN-Fuse, which identifies key intersections across decentralized datasets; CN-Shroud, which balances re-identification risk and data quality through differential privacy and anonymization; and CN-Insight, which enables the training of machine learning models to predict adverse drug reactions. By allowing organizations to create privacy-protected datasets and build statistical models while safeguarding intellectual property, CryptoNumerics empowers data owners to leverage machine learning in a distributed manner, enhancing insights and operational efficiency while minimizing costs and risks. As of July 2020, CryptoNumerics operates as a subsidiary of Snowflake Computing Inc.

Cerebri AI

Non Equity Assistance in 2017
Founded in 2015, Cerebri AI specializes in real-time data engineering and artificial intelligence modeling. Its platform, Answers-as-a-Service, processes complex datasets to provide near-instant insights for decision-making, focusing on customer experience (CX) and traveler experience (TX). The company is headquartered in Austin, Texas.

Brizi

Non Equity Assistance in 2017
Founded in 2014, Brizi develops remote-control augmented reality camera systems that automate and monetize fan content. It serves real-time sharing, social sharing, brand messaging, and end-to-end control applications for indoor and outdoor venues globally.

Innovative Protein Technologies

Non Equity Assistance in 2017
Innovative Protein Technologies is a biotechnology company focused on creating environmentally-friendly products derived from natural protein molecules for agricultural and home gardening applications. Founded by recent graduates from the University of Guelph and the University of Waterloo, the company aims to harness nature's protective strategies to develop effective solutions for crop protection. Its flagship product, Frost Armour, is a spray-on solution designed to safeguard valuable crops from frost damage during the spring growing season. In addition to this primary offering, Innovative Protein Technologies provides services related to expression optimization, stability testing, functional engineering, protein production, protein modification, and plasmid constructs, helping users utilize bio-based technologies effectively.

Wondereur

Non Equity Assistance in 2017
Wondereur Inc. is a digital art platform based in Toronto, Canada, founded in 2012. The company offers the Wondereur application for iPad and iPhone, which allows contemporary artists to share personal narratives and insights about their creative processes. Additionally, the platform features photojournalists who document artists' daily lives with visually striking imagery from studios and urban environments. Wondereur also aids curators in identifying emerging talent and acquiring art at favorable prices. The platform provides real-time intelligence on the art market, analyzing various factors that influence an artist's long-term market value, including endorsements from galleries, publications, and prevailing art movements. This analysis results in intelligent indices that suggest price ranges and projected growth rates for contemporary artworks, serving customers across Europe, Asia, the United States, and Canada.

Phenomic AI

Non Equity Assistance in 2017
Founded in 2017, Phenomic AI is a Toronto-based company that develops artificial intelligence-driven drug discovery platforms. Its technology analyzes phenotypes in complex disease models like high-content co-culture and 3D assays, enabling pharmaceutical companies to discover drugs more efficiently.

FleetOps

Non Equity Assistance in 2017
FleetOps is a Toronto-based freight technology company that operates a freight marketplace and a carrier-focused platform to connect brokers, shippers, and trucking capacity. The company automates the allocation of loads to drivers by analyzing telematics data from providers to determine truck locations, routes, idle time, available driving hours, and driver behavior, and it uses AI to match loads with suitable drivers. The platform also delivers tailored analytics and KPIs for carrier trucking operations, helping to optimize dispatch and execution.

DarwinAI

Non Equity Assistance in 2017
DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

reDock

Non Equity Assistance in 2017
reDock Inc., established in 2016 and headquartered in Ottawa, Canada, specializes in AI-driven software that streamlines and accelerates the process of responding to complex Request for Proposals (RFPs). Its platform automates document management, requirement matching, and compliance checks, enabling IT consulting, IT staffing, and management consulting firms in North America to create compelling proposals up to ten times faster.

Salient Energy

Non Equity Assistance in 2017
Salient Energy is focused on commercializing an innovative zinc-ion battery developed from research at the University of Waterloo. This battery technology is designed for efficient electricity storage in the power grid, boasting a proprietary cathode that incorporates zinc within its crystal lattice, rather than merely reacting on the surface. This unique approach results in a battery with a relatively high energy density, making it a competitive alternative to traditional lithium-ion batteries. Salient Energy's batteries are not only safer and longer-lasting but also compatible with existing manufacturing processes, allowing for production in current battery factories worldwide. The company's goal is to provide the electric industry with sustainable and reliable energy storage solutions.

EnergyX Solutions

Non Equity Assistance in 2017
Founded in 2016, EnergyX Solutions specializes in energy management software. Its platform, MyEnergyXpert, enables utilities and retailers to engage customers in energy efficiency programs through automated personalized conversations and AI-based recommendations. The company aims to reduce global greenhouse gas emissions by digitizing energy efficiency solutions.

Luminari

Seed Round in 2017
Luminari Talent Inc. is a career management platform dedicated to Chartered Professional Accountants (CPAs) and CPA candidates in Canada. Established in 2016 and headquartered in Toronto, the company operates an online job portal that aggregates job opportunities for both candidates and employers. Luminari offers a comprehensive suite of services designed to facilitate the professional development of CPAs, including job listings, continuing professional development (CPD) resources, mentorship programs, and various networking events. The platform has supported thousands of Canadian CPAs in advancing their careers. Luminari collaborates with several notable organizations, including Xero, CPA Ontario, and CIBC, to enhance the accounting profession and provide valuable resources to its users.

Tread

Non Equity Assistance in 2016
Founded in Toronto, Canada in 2016, Tread develops a platform for managing construction equipment services. Its software uses data analytics to optimize equipment usage, facilitating interactions among contractors, brokers, and operators as if they were part of the same fleet.

Tenstorrent

Non Equity Assistance in 2016
Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks. The company develops application-specific integrated circuit processors that enable scalable deep learning, with architectures designed to be software-programmable and adaptable from battery-powered IoT devices to cloud servers. Its processors target training and inference workloads, delivering computational performance for developers and researchers in artificial intelligence. Founded in 2016, Tenstorrent is based in Toronto with an additional office in Austin, Texas.

MIMOSA Diagnostics

Non Equity Assistance in 2016
Founded in 2016, MIMOSA Diagnostics develops a handheld device that uses near-infrared light to accurately assess tissue health. This non-invasive tool enables patients or caregivers to monitor foot health, particularly for diabetes management, and aids clinicians in making informed treatment decisions.

Ada

Non Equity Assistance in 2016
Ada Support Inc. is a computer software company that specializes in a chatbot platform designed to enhance customer experience for enterprise businesses. Founded in 2016 and headquartered in Toronto, Canada, Ada's platform leverages artificial intelligence to enable non-technical support teams to automate responses to customer inquiries. By utilizing a web and mobile machine learning engine, the platform effectively reduces support volume and empowers customers to find answers independently. Additionally, the system is capable of learning from interactions, continuously improving its ability to address customer needs and streamline support processes.

H2nanO

Non Equity Assistance in 2016
H2nanO develops sustainable water treatment technologies for the resources sector. Founded in 2015, it specializes in low-energy solutions such as floating light-activated catalysts and solar-powered evaporation enhancement.

HelpWear

Non Equity Assistance in 2016
HelpWear develops a waterproof wearable device that monitors heart activity, detects heart attacks, and sends real-time alerts to medical facilities. Incorporated in 2015, the company is based in Toronto, Canada.

SkyWatch

Seed Round in 2016
SkyWatch is a company that offers a digital infrastructure for the distribution of Earth observation data and derived intelligence. Founded in 2014 and headquartered in Waterloo, Ontario, it has developed a satellite data intelligence platform that aims to make satellite data accessible to a wide range of users. The platform enables developers to integrate Earth observation data into their applications and workflows efficiently, supporting various applications such as crop monitoring, market prediction, tracking of ships and airplanes, and measuring global warming. By providing tools for data analysis and access to remote sensing datasets, SkyWatch empowers users to leverage satellite data for diverse purposes.

AmacaThera

Seed Round in 2016
AmacaThera Inc. is a clinical-stage biotechnology company based in Toronto, Canada, founded in 2016. The company is focused on developing an innovative injectable hydrogel platform technology designed to enhance drug delivery and improve patient outcomes in various medical applications, particularly in post-surgical pain management, cancer treatment, and other challenging therapeutic areas. AmacaThera's technology features a unique fast-gelling material that liquefies under mechanical force, consisting of a reversible blend of hyaluronan and methylcellulose. This approach allows for localized and sustained drug delivery, potentially reducing postoperative pain and addressing other medical needs effectively.

Acorn Biolabs

Grant in 2016
Acorn Biolabs, Inc. is a biotechnology company based in Toronto, Canada, founded in 2017. It specializes in providing a take-home service for the cryopreservation of human cells, focusing on young cell preservation to facilitate future regenerative medical treatments. The company employs a non-invasive, follicle-based cell collection method, allowing individuals to collect and preserve their healthy young cells for potential use in gene therapies, stem cell therapeutics, tissue engineering, and organ regeneration. Acorn Biolabs offers its services directly to consumers, with options for at-home and in-clinic cell collection. The company also has established partnerships with a network of clinics and pharmacies across Canada to enhance accessibility to its innovative services.

WinterLight Labs

Non Equity Assistance in 2015
WinterLight Labs Inc. is a Toronto-based company founded in 2015 that specializes in developing a speech-based platform for the detection and monitoring of cognitive and mental diseases, including dementia and Alzheimer's disease. The company's innovative AI technology analyzes natural speech samples to quantify various speech and language patterns, enabling the accurate assessment of cognitive health. By utilizing a brief one-minute speech sample, WinterLight's platform can characterize aspects such as lexical diversity, syntactic complexity, semantic content, and articulation, effectively capturing the speaker's cognitive state. This diagnostic tool has significant applications across clinical trials, long-term care, primary care, and speech-language pathology, facilitating the early detection of cognitive impairment and tracking disease progression.

Sensassure

Non Equity Assistance in 2015
Sensassure is a Toronto-based company that specializes in developing innovative technologies for incontinence care in seniors. Founded in 2013, the company has created the SmartPatch, a wearable sensor that attaches to the outside of adult briefs. This device provides caregivers with valuable insights into when a resident may experience an episode of incontinence, facilitating timely and personalized care. By enabling communities to better manage incontinence, Sensassure's technology helps reduce costs associated with briefs and laundry, while also preserving the dignity and skin integrity of newly admitted residents. Through its impact-driven approach, Sensassure aims to enhance the quality of life for elder citizens.

BrainFx

Seed Round in 2015
BrainFx is a technology company founded by occupational therapists Tracy Milner and Heather Condello. They developed a neurological assessment platform designed to detect mild functional impairments caused by brain disorders, such as learning disabilities, concussions, or cognitive effects of chronic conditions. The platform assists healthcare providers in creating targeted care plans.

Kepler Communications

Non Equity Assistance in 2015
Kepler Communications designs, develops, and operates satellite networks for global connectivity. It specializes in Low-Earth Orbit (LEO) satellites, PolarConnect for extreme environments, Global Data Service for large data transfers, and everywhereIOT for IoT devices. Serving industries such as maritime, natural resources, research, defense, and logistics.

Revlo

Non Equity Assistance in 2015
Revlo Inc. is a Toronto-based company that operates a fan engagement platform tailored for broadcasters, particularly on Twitch. Founded in 2015, Revlo provides a suite of tools that enable broadcasters to enhance viewer interactions and monetize their audiences. The platform incorporates a custom virtual currency that allows viewers to earn rewards for watching streams, which can be redeemed for various incentives such as merchandise discounts, exclusive content, and participation in viewer games. Additionally, viewers can compete on leaderboards, engage in mini-games like quizzes and betting, and interact with broadcasters through chat commands. Revlo aims to enhance the overall viewing experience by gamifying audience engagement and fostering a sense of community among fans.

Algocian

Non Equity Assistance in 2015
Algocian Inc. is a Toronto-based company founded in 2015 that specializes in image recognition video analytics software. Its technology enables real-time person detection for both security and automotive applications, allowing any camera—whether digital or analog—to enhance its monitoring capabilities. Algocian focuses on advancing the field of video monitoring through innovative solutions that improve safety and operational efficiency in various environments.

Validere

Seed Round in 2015
Validere Technologies Inc. is a Toronto-based company that specializes in providing critical information about liquids through innovative measurement, reporting, and verification solutions. Founded in 2015, Validere develops portable devices, including the Validere Identifier, which assesses the hazardous nature of liquids by referencing a comprehensive library. Additionally, the company offers EDGE Connect, a platform that facilitates secure connections between buyers and sellers, enabling the discovery of arbitrage opportunities. Validere's main focus is on liquid fingerprinting, industrial process monitoring, and optimizing logistics within the energy sector. By delivering accessible and verifiable testing data, Validere aids organizations in making informed business decisions and enhances the accuracy of crude oil testing, ensuring accountability and quality across operations. The company's expertise in emissions management and tracking further positions it as a valuable partner for energy companies seeking to improve their financial and environmental performance.

SkyWatch

Non Equity Assistance in 2015
SkyWatch is a company that offers a digital infrastructure for the distribution of Earth observation data and derived intelligence. Founded in 2014 and headquartered in Waterloo, Ontario, it has developed a satellite data intelligence platform that aims to make satellite data accessible to a wide range of users. The platform enables developers to integrate Earth observation data into their applications and workflows efficiently, supporting various applications such as crop monitoring, market prediction, tracking of ships and airplanes, and measuring global warming. By providing tools for data analysis and access to remote sensing datasets, SkyWatch empowers users to leverage satellite data for diverse purposes.

Sesame HQ

Non Equity Assistance in 2014
Sesame HQ Inc., operating as Sesame, is a Toronto-based company that provides a web-based software application designed for educators and students. This platform enables teachers to document observations, conversations, and various student work products, facilitating a transparent learning process from Kindergarten to Grade 12. Through its Sesame Snap mobile app, educators can capture student progress using photos, videos, and audio recordings, while also recording evaluations through rubrics and checklists. The application allows for collaborative lesson planning and creates personalized learning portfolios for each student, showcasing evidence of their achievements across all subject areas. Additionally, parents can access their child's portfolio, promoting engagement in their educational journey. Sesame's focus on project-based learning and performance arts supports a holistic approach to education, making notable moments in student learning visible and accessible.

PetBot

Non Equity Assistance in 2014
PetBot develops an internet-connected pet care system that enables remote monitoring and interaction with pets. Founded in 2013, the company is headquartered in Toronto, Canada.

OTI Lumionics

Non Equity Assistance in 2013
OTI Lumionics Inc. is a Toronto-based company founded in 2011, specializing in the development of lighting solutions utilizing organic light emitting diodes (OLEDs). The company focuses on innovative product applications, such as transparent displays, under panel sensors, and under display cameras. OTI Lumionics has introduced the aerelight A1 OLED Lamp and a LED desk lamp design that incorporates a wireless charger. Its products leverage proprietary technologies known as HaloTorr and ElektroTorr, aiming to unlock the full potential of OLED technology. The founding team comprises award-winning researchers and engineers from the University of Toronto's Department of Materials Science & Engineering.

Instant Chemistry

Non Equity Assistance in 2013
Instant Chemistry is a biotechnology company based in Toronto, Ontario, founded in 2013 by Ron Gonzalez and Sara Seabrooke. The company focuses on determining compatibility for singles and couples through its innovative platform, which integrates personal genomics and psychological compatibility assessments. By utilizing these tools, Instant Chemistry aims to enhance the likelihood of individuals finding their ideal match while providing valuable insights to help them make informed decisions about their relationships.

Kiwi.ai

Non Equity Assistance in 2013
Kiwi is the world leader in motion recognition technology. With Kiwi's dead simple motion recognition platform, you can get your products tracking motions in literally a matter of minutes. Capture, analyze and improve anything: any motion, on any device, with any sensor. Based in Toronto, Canada, Kiwi's team works diligently to solve the ambiguous motions that surround us. By categorizing and analyzing motions, you can do anything from a simple repetition count in the gym, to analyzing safety metrics in a factory. The options are endless, reach out to us to find out how your products could benefit from motion recognition.

PUSH

Seed Round in 2013
PUSH Design Solutions Inc. is a Toronto-based technology company founded in 2013 that specializes in workout performance monitoring and analysis. The company develops the PUSH Band 2.0, a wristband designed to track workouts involving both the body and equipment, along with an online portal for organizing training programs and storing performance data. PUSH aims to enhance human performance through its innovative technology, which serves both enterprise clients and consumers. Under the PUSH Pro brand, the company offers solutions for professional sports, wellness, and military applications, enabling coaches and trainers to remotely schedule and deliver training programs while analyzing user data. The PUSH Athlete brand targets consumers by providing a connected fitness experience that integrates professional coaching, data analytics, community engagement, and traditional fitness equipment, thereby transforming standard equipment into smart devices.

Canopy Labs

Non Equity Assistance in 2012
Canopy Labs Software Inc. offers a predictive customer analytics platform designed for small and mid-sized enterprises. Founded in 2012 and based in Toronto, Canada, the company assists businesses in analyzing data to forecast customer preferences and churn rates. The platform enables users to develop customer models, plan sales campaigns, and optimize lead lists, ultimately aiming to enhance revenue and sales growth. By providing tools for marketing strategy and audience analysis, Canopy Labs has supported numerous companies in effectively understanding and engaging with their customers. As of November 2018, Canopy Labs operates as a subsidiary of Drop Technologies Inc.

Nymi

Non Equity Assistance in 2012
Nymi Inc. is a Toronto-based company that specializes in developing wearable biometric devices, particularly the Nymi Band, which authentically identifies users through their unique electrocardiogram using proprietary HeartID technology. Founded in 2011 and originally named Bionym Inc., the company rebranded in December 2014. Nymi offers a mobile application for Android that activates its wearable bands, which are sold online. The company's focus extends to creating a connected worker platform that enhances workplace integration by improving health and safety, enterprise security, data integrity, and productivity across various industries, including life sciences, healthcare, manufacturing, and finance. Nymi's innovative approach facilitates digital transformation by connecting employees with their digital networks in a secure and user-friendly manner. The company has been recognized as one of the Best Workplaces in Canada for small organizations in 2019.
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