Creative Destruction Lab

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.

Ludovic ANDRÉ

Associate

Rob Barbara

Associate

Mark Blackwell

Associate

Kent Brown

Associate

Shila Nieves Burney

Associate

Neil Cameron

Associate

Charles Conn

Associate

Isabel Fox

Associate

Matt Golden

Associate

Bernard W. Gray

Associate

Gary Griffiths

Associate

Colin Harris

Founding Partner

Andrew Haughian

Associate

Mack Healy

Associate

Charles Hudson

Associate

Patricia Hume

Associate

Richard Jhang

Associate

Patrick Kappel

Venture Manager, Space stream

Patrick Keefe

Associate

Shelley Kuipers

Associate

Elaine Kunda

Associate

Nicole LeBlanc

Associate

Josh Manchester

Associate

Ashif Mawji

Associate

Adam McNamara

Associate

David Moehring

Associate

Chris Moyer

Associate

Kyle Nakatsuji

Associate

John Neis

Associate

Rich Osborn

Associate

Kaustubh Pandya

Associate

Jean-François Pariseau

Associate

Oliver Plunkett

Associate

Steve Pretre

Associate

Jay Rhind

Associate

Andre Rocha

Associate

Adam Rogers

Associate

Jamie Rosenblatt

Associate

Maryanna Saenko

Associate

Tekin Salimi

Associate

Micah Siegel

Associate

Isaac Souweine

Associate

Roy Thiele-Sardina

Associate

Claude Vachet

Associate

Chris Wake

Associate

Lucy Wang

Associate

Samuel Wu

Associate

John Yianni

Associate

Sarah Young

Associate

Past deals in Internet of Things

Inchfab

Non Equity Assistance in 2021
Inchfab specializes in custom microchip manufacturing, offering proprietary tools that cater to the microelectromechanical systems (MEMS) market. The company's microfabrication platform enables clients to prototype and produce low volumes of highly customized microchips economically. By focusing on the semiconductor and micromechanical Internet of Things (IoT) chip markets, Inchfab provides essential manufacturing capabilities that facilitate the design and production of specialized devices.

CyberOwl

Non Equity Assistance in 2021
CyberOwl Limited, founded in 2016 and based in Richmond, United Kingdom, specializes in developing network security software solutions. The company focuses on creating an innovative early warning system that employs real-time monitoring of high-value targets to detect malicious behavior. This technology, which is grounded in research shortlisted for a prestigious risk prize, addresses the increasing challenges posed by anonymous and persistent cyber threats, particularly in the context of Smart Cities and the Internet of Things. By utilizing a Bayesian-based framework, CyberOwl's system efficiently analyzes various indicators to identify potential security risks at an early stage, significantly reducing the processing overhead associated with monitoring extensive networks. The solution is designed to scale to networks with over one billion devices, enhancing visibility of threats and aiding in decision-making for countermeasures. CyberOwl is currently working on its minimum viable product and seeks strategic industry partners for validation and further development.

InfiSense

Non Equity Assistance in 2021
For businesses that help buildings operate more efficiently, cost-effectively and sustainably, yet struggle to integrate wireless sensing into their workflow, we provide a remote, real-time wireless sensing platform that is purpose-built for their needs and drives down data collection and analysis costs, increases revenue, enables new service lines, and offers previously unavailable data for analytics. The InfiSense IoT platform leverages a revolutionary technology called LoRaWAN to provide our customers an unlimited selection of long-life wireless sensors, removes the pain of ingesting, organizing, securing, contextualizing and storing data in the cloud, and delivers data to any analytics application or business intelligence (BI) tool.

HEARTio

Non Equity Assistance in 2021
Heart I/O is a digital diagnostic startup using artificial intelligence to help emergency providers identify heart abnormalities more quickly, more accurately, and for orders of magnitude less. It was started in 2018 and is headquartered in Pittsburgh, Pennsylvania.

Hydromea

Non Equity Assistance in 2021
Hydromea is a developer of a portable underwater robotics ecosystem designed to enhance access to submerged assets and data in underwater environments. The company offers a scalable multi-robot inspection and sensing system that can be permanently installed at sea or deployed from mobile autonomous crafts. This technology is equipped with in-house developed sensors that can be customized for various drones, enabling efficient data collection both onshore and offshore. Hydromea's focus on portability, affordability, and ruggedness allows its systems to withstand hostile underwater conditions, facilitating regular inspections, environmental measurements, and emergency responses. By providing faster data points at low costs, Hydromea delivers valuable insights to companies operating in marine environments.

AIKO

Non Equity Assistance in 2021
AIKO is a company focused on developing and commercializing artificial intelligence algorithms to enhance the autonomy of satellite missions. Its technologies analyze data collected during space missions, including telemetry and external information, to create and adjust operational schedules. This capability allows for autonomous decision-making during missions, which is tailored to meet the specific needs of end-users and mission stakeholders. Through its innovative approach, AIKO aims to improve the efficiency and effectiveness of space operations.

HAXIO

Non Equity Assistance in 2021
« HAXIO enables manufacturing companies to significantly reduce their quality costs using automated 4.0 inspection systems, as well as artificial intelligence-driven software that can predict and prevent future production defects. With a team cumulating more than 20 years of experience, over 300 projects with some of the biggest players in the industry and a global presence in North America, HAXIO has the human, technical and financial resources to meet highest demands of our customers. »

Komfort IQ

Non Equity Assistance in 2021
Developer of HVAC energy efficiency system designed to manage the temperature in commercial buildings. The company's system utilizes artificial intelligence, the internet of things, and machine learning algorithms to optimize the heating and cooling systems while providing each person with their preferred temperatures throughout the entire day, enabling commercial offices to reduce energy usage, save electricity bills, and provide a comfortable working.

VeriQloud

Non Equity Assistance in 2021
VeriQloud develops applications and software for quantum networks. The company implements quantum network protocols for various quantum communication technologies.

Krucial (formerly R3 IoT Limited)

Non Equity Assistance in 2021
R3 IoT enables organisations to access their critical operational data by automating the collection of sensor data. This data is transferred from remote operations to the cloud via satellite providing business leaders and operational management the capability to make better decisions and reduce inefficiencies.

InOrbit

Seed Round in 2020
InOrbit, Inc. is a developer of a cloud-based robot management platform that facilitates the development, deployment, and operation of autonomous robots for various industries, including agriculture, hospitality, logistics, and retail. Founded in 2017 and based in Mountain View, California, InOrbit provides a comprehensive suite of features within its platform, such as cloud-robot communications, real-time analytics, incident management, localization, and adaptive diagnostics. The platform enables robotics companies to monitor robot performance and manage incidents remotely, leveraging a vast pool of data to derive insights that enhance operational efficiency. InOrbit's innovative approach, often referred to as RobOps, allows for seamless integration and orchestration of robots at scale, utilizing industry-standard Internet of Things protocols. The company has established partnerships with notable organizations, including Google and Qualcomm, and its founding team holds extensive experience and numerous patents in robotics and technology.

Bibu Labs

Non Equity Assistance in 2020
Dynamic Defence Against Cyber Attacks for IoT

aDolus Technology

Seed Round in 2020
aDolus Technology specializes in cybersecurity solutions for industrial and medical systems, addressing the growing need for protection among smart devices in various critical sectors. The company's SaaS platform generates software bills of materials (SBOMs) from customer software binaries, allowing for the analysis of vulnerabilities, malware, and obsolescence in these components. This analysis results in a risk score that helps organizations manage potential threats to their infrastructure. With a vendor-agnostic approach, aDolus aims to serve a substantial market, projected to reach $74 billion by 2026, particularly as regulations intensify around device security. The company has established a robust database of 32 million records, positioning itself as a leader in the authentication and analysis of device software, thereby assisting industries like medical, energy, transportation, automotive, and defense in safeguarding their critical operations.

Novalte

Non Equity Assistance in 2019
Developer of assistive living devices intended to provide managed services. The company's device enables users to control electronic smart devices in their homes independently without any of the hi-tech frustration, enabling people with mobility challenges to break barriers to living independently.

BlueGrid

Venture Round in 2019
BlueGrid specializes in developing advanced technologies for monitoring and managing remote business-critical infrastructure. The company's flagship platform, RimotRF, utilizes Industrial Internet of Things (IIoT) technology to provide a comprehensive remote monitoring solution. This service is designed to minimize downtime, disruptions, and maintenance costs for vital operations. Additionally, BlueGrid is innovating in the marine sector with its vessel-to-grid technology, which enhances marine electrification by delivering real-time intelligence. This technology supports marine vessels and utilities in planning and optimizing their operations for charging and carbon credit management, thereby maximizing both environmental and economic value. Based in Dartmouth, Canada, BlueGrid is committed to providing effective solutions for diverse industries.

Symroc

Non Equity Assistance in 2019
Developer of a real-time IoT (Internet of Things) broadband seismic and vibration remote sensing system designed to provide critical insights to support earthquake monitoring, microseismic monitoring, critical infrastructure monitoring, proactive maintenance, and efficient operation optimization. The company's system combines sensor hardware, connectivity, and data analysis components to provide real-time wireless remote data, enabling earthquake and impact assessment, infrastructure, facility, and machinery industries to provide high-accuracy high-resolution insights, without the need for infrastructure, power, cables, on-site operations.

Byos

Grant in 2019
Byos is an endpoint micro-segmentation company focused on protecting organizations from the risks associated with remote, guest, and IoT network connectivity. The company's innovative Byos µGateway, which can be implemented as a portable device or embedded circuitry, creates secure micro-segments that enforce hardware protection for devices on potentially unsafe networks. This allows users—employees, contractors, and devices—to connect securely to any network while maintaining zero-trust access to corporate resources. The Byos Management Console facilitates centralized policy management and reporting across multiple µGateways. Byos serves various critical infrastructure sectors, including defense, healthcare, manufacturing, energy, and financial services, ensuring asset invisibility and secure communication without data leakage. Headquartered in Halifax, Canada, Byos sources and manufactures all components in North America, enabling remote workforces to connect safely and work freely.

Mentore.ai

Seed Round in 2019
Iterate Labs Inc., established in 2016 and located in Ithaca, New York, is an Internet of Things (IoT) company that specializes in enhancing workplace safety and productivity through innovative technology. The company develops smart gloves integrated with a software platform that captures and analyzes biomechanics data in real time. This system alerts both workers and managers to potential injury risks and fatigue, improving overall workplace safety. Additionally, Iterate Labs utilizes wearables and computer vision to gather worker BioMotion Signatures, which are transformed into AI-driven insights. These insights help managers optimize workforce productivity by addressing issues such as injuries, turnover, and absenteeism, ultimately enabling better resource management and enhancing the quality of work.

SensiML

Seed Round in 2019
SensiML Corporation, founded in 2017 and based in Beaverton, Oregon, specializes in developing an end-to-end software suite designed for Original Equipment Manufacturers (OEMs). The company provides a software and cloud service toolkit that enables developers of IoT and wearable devices to create customizable pattern matching sensor algorithms. These algorithms leverage machine learning and artificial intelligence, optimized for ultra-low power consumption, and can run autonomously on embedded sensor devices without requiring deep coding or data science expertise. SensiML's platform encompasses the entire development process, including data collection, labeling, algorithm generation, and testing, facilitating the transformation of raw sensor data into actionable insights for developers. As of January 2019, SensiML operates as a subsidiary of QuickLogic Corporation.

TritonWear

Seed Round in 2018
TritonWear Inc., based in Kitchener, Canada, specializes in developing performance wearables that enable coaches and athletes to monitor performance in real time via mobile devices. The company offers a highly accurate sports wearable that uniquely provides personalized, AI-based auto-coaching, tailored to individual data. By focusing on the critical issues of inaccurate data and the lack of actionable feedback within the burgeoning fitness and sports wearables market, TritonWear has carved out a distinctive niche. The company aims to enhance athletic performance by delivering precise insights and guidance to users.

Variense

Non Equity Assistance in 2017
Variense is a startup based in Montreal that offers Industrial IoT sensing solutions.

Mysa

Non Equity Assistance in 2017
Mysa is the first ever high-voltage thermostat that is truly smart. It is fully featured for the conscientious consumer: smart learning features which amount to approximately 15% savings on energy bills, remote access to control their home’s heating through their smartphone from anywhere in the world, and integration with popular smart home platforms (Amazon Alexa, Google Home, and Apple Homekit)

InnerSpace

Non Equity Assistance in 2017
InnerSpace Technologies Inc. offers a comprehensive indoor mapping and navigation platform that leverages advanced mapping technology, smartphone-compatible sensors, and machine learning to create automatic maps and pinpoint the location of individuals and objects in indoor environments. Founded in 2014 and based in Toronto, Canada, the company provides location-as-a-service solutions on a subscription basis for both enterprise and consumer applications, catering to clients across the United States, Europe, Asia, and Canada. InnerSpace's platform enables businesses to enhance their operations by optimizing real estate utilization, improving workplace experiences, managing customer engagement in retail settings, and enhancing safety protocols in smart buildings. By utilizing easy-to-install IoT sensors and out-of-the-box analytics, InnerSpace helps organizations effectively leverage their key assets—people and real estate—leading to significant operational efficiencies and improved financial outcomes.

Elevated Signals

Non Equity Assistance in 2017
Elevated Signals Inc. is a Vancouver-based company that offers a digital cultivation management platform designed to enhance crop production in controlled environments. Founded in 2016, the platform utilizes wireless IoT sensors and data science to automate manual tasks and streamline operational efficiency. Its features include seed-to-harvest compliance record keeping, inventory tracking, cultivar-specific workflow management, and high-resolution environmental monitoring linked to plant identifiers. These capabilities enable users to rapidly prepare audit packages and maintain compliance with industry regulations. The company focuses on optimizing the cultivation process while ensuring adherence to Health Canada’s Good Production Practices and Good Manufacturing Practices standards.

EZ-Robot

Non Equity Assistance in 2017
EZ-Robot Inc. is a Canadian company founded in 2011, specializing in an integrated robotics and IoT platform designed to facilitate learning in technology and robotics. The company targets a wide audience, ranging from middle school students to industry professionals, offering educational tools that support STEAM (Science, Technology, Engineering, Arts, and Mathematics) concepts. By using robotics as a means to impart practical knowledge, EZ-Robot aims to inspire lifelong learning and problem-solving skills. The company's focus is on providing creative and accessible content that enhances the educational experience, encouraging students to engage with technology through innovative applications.

Noze

Non Equity Assistance in 2017
Stratuscent Inc., based in Montreal, Canada, specializes in developing an advanced electronic chemical sensing platform known as CloudSense. This innovative technology leverages artificial intelligence algorithms and material innovations to identify and quantify various chemical footprints present in the environment. By integrating robust additive manufacturing techniques, Stratuscent aims to enhance the capabilities of its chemical sensors, enabling them to detect a wide range of chemicals. The company's focus on vertical AI positions it uniquely in the market, as it seeks to provide accurate and efficient solutions for environmental monitoring and analysis.

SensorUp

Non Equity Assistance in 2017
SensorUp Inc. is a Calgary-based company established in 2011 that specializes in developing and operating an Internet of Things (IoT) platform. The company provides solutions for sensor data, analytics, and mapping through a unified API, enabling the interconnection of IoT devices, data, and applications over the web. The SensorUp IoT Software Platform facilitates integration with the SensorUp Cloud, allowing devices to communicate with one another and with third-party web applications. Among its offerings is the Smart Cities Starter Kit, designed for air quality monitoring. SensorUp aims to empower users by enabling intelligent automation and enhancing safety and productivity in various sectors.

HAVEN IAQ

Non Equity Assistance in 2016
TZOA (pronounced 'zoa')is the creator of Haven, the complete solution to indoor air quality in your home (residential) or building (commercial).

Grobo

Non Equity Assistance in 2015
Grobo specializes in developing fully automated grow boxes designed for home use, utilizing Internet of Things (IoT) technology to facilitate smart gardening. Their systems employ artificial intelligence and machine learning to optimize plant growth, enhancing yields while reducing growth times. The automated grow boxes feature personalized, app-controlled automatic watering and LED lighting systems, enabling users to cultivate high-quality food and medicinal plants in a virtual indoor environment. By integrating technology into the growing process, Grobo empowers individuals to take control of their health by simplifying the cultivation of safe and fresh plants at home.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.