Toronto’s Tech Scene is Booming Thanks to These 15 Software Startups

Toronto, Ontario has become a hub for innovative startups in the tech industry, particularly in the software space. From artificial intelligence and machine learning to blockchain and e-commerce, Toronto is home to a wide range of startups that are pushing boundaries and disrupting traditional industries. In this article, we showcase 15 of the most interesting and promising software startups in Toronto, Ontario.

Cohere – Revolutionizing Natural Language Processing

Cohere is a platform that provides access to natural language processing (NLP) powered by the latest generation of large language models. Developers and businesses can leverage Cohere’s NLP tools to build intelligent applications that understand and interpret human language with unprecedented accuracy. Cohere was founded by Aidan Gomez, Ivan Zhang, and Nick Frosst, all former Google researchers.

Carbon6 – Streamlining E-Commerce Operations

Carbon6 provides a software suite to help online entrepreneurs streamline everyday operations and improve profitability. Their suite of tools includes solutions for product research, sourcing, and management, as well as inventory and financial management. Carbon6 was founded by Beau Crabill, Justin Cobb, and Kazi Ahmed.

Figment – Supporting Web 3 Adoption

Figment supports the adoption, growth, and long-term success of the Web 3 ecosystem by providing infrastructure, tools, and services to developers and enterprises. Figment’s platform enables developers to build, deploy, and scale blockchain applications with ease. The company was founded by Andrew Cronk, Lorien Gabel, and Matt Harrop.

Nuula – Simplifying Business KPIs

Nuula is an application that provides tools to make critical business KPIs easier for small enterprises. Their platform enables businesses to manage cash flow, invoices, and payments, as well as access insights and analytics that help them make informed decisions. Nuula was founded by Mark Ruddock.

Delphia – Democratizing AI Investment Strategies

Delphia builds an AI investment strategy that helps anyone improve their data, with a focus on democratizing access to sophisticated investment strategies. The company’s AI-powered platform enables individuals and institutional investors to make data-driven investment decisions with ease. Delphia was founded by Andrew Peek, Cameron Westland, and Clifton van der Linden.

WFHomie – Improving Employee Engagement

WFHomie is an employee engagement and distributed team culture analytics platform that provides insights into team dynamics, sentiment, and productivity. Their platform helps businesses improve employee engagement and retention by identifying areas for improvement and providing actionable insights. WFHomie was founded by Pavla Bobosikova and Reza Farahani.

Float – Simplifying Corporate Card Management

Float offers a corporate card and spend management solution that allows corporate cards, reimbursements, approvals, and invoices management, all in one place. Their platform helps businesses manage expenses and cash flow with ease. Float was founded by Griffin Keglevich, Rob Khazzam, and Ruslan Nikolaev.

Untether AI – Enabling New Frontiers in AI Applications

Untether AI develops AI chips to enable new frontiers in AI applications, particularly in the areas of computer vision and natural language processing. Their chips are designed to provide high performance at low power, making them ideal for edge devices and other resource-constrained environments. Untether AI was founded by Darrick Wiebe, Martin Snelgrove, and Raymond Chik.

Bettermode – Building Engaging Communities

Bettermode is a powerful community platform integrated into your product. Their platform helps businesses increase user engagement, retention, and lifetime value by enabling them to build and manage online communities. Bettermode was founded by Mohsen Malayeri, Siavash Mahmoudian, and Soheil Alavi. – Enhancing Portfolio Management Out comes is an artificial intelligence company that enhances portfolio management outcomes for the global financial industry. Their AI-powered platform enables investment professionals to optimize their portfolios and generate superior risk-adjusted returns. was founded by Jonathan Dorando and Joshua Pantony.

Cognota (formerly Synapse) – Revolutionizing Learning and Development

Cognota is the first and only operations platform for Learning and Development teams. Their platform enables L&D teams to streamline their workflows, automate processes, and drive better learning outcomes for their organizations. Cognota was founded by Josh Crohn, Ryan Austin, and Sebastian Leks.

Private AI – Ensuring Privacy and GDPR Compliance

Private AI develops privacy-preserving machine learning and natural language processing tools that ensure privacy and GDPR compliance for businesses. Their platform enables businesses to leverage the power of AI without compromising privacy or security. Private AI was founded by Gerald Penn, Patricia Thaine, and Pieter Luitjens.

NowVertical Group – Combining Industry-Specific Technology and Expertise

NowVertical Group is a Vertical Intelligence (VI) software and services company that combines industry-specific technology and expertise to provide customized solutions to businesses across a range of industries. Their platform enables businesses to optimize their operations, increase productivity, and drive better outcomes for their customers. NowVertical Group was founded by Daren Trousdell.

AutoLeap – Growing Auto Repair Businesses

AutoLeap provides a software suite to help auto repair businesses grow and succeed. Their suite of tools includes solutions for customer management, scheduling, and invoicing, as well as marketing and sales. AutoLeap was founded by Rameez Ansari, Stephen Lau, and Steve Lau. – Enabling Machine Learning Across Distributed Data Silos is a SaaS startup focused on enabling developers to build machine learning and analytics products across distributed data silos. Their platform enables businesses to leverage the power of machine learning to drive better outcomes for their customers. was founded by Steve Irvine.


Toronto, Ontario is home to a diverse and innovative community of software startups that are pushing boundaries and disrupting traditional industries. From AI and blockchain to e-commerce and learning and development, these startups are changing the way we work, live, and interact with technology. As they continue to grow and evolve, these startups will undoubtedly play a major role in shaping the future of the tech industry not just in Toronto, but around the world.

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Canada Venture News is a Canadian venture magazine that covers startups, business, technology, and innovation in Canada. The online publication provides news, insights, and resources for entrepreneurs, investors, and business professionals, featuring articles, interviews, and analysis of the latest trends and developments in the Canadian startup ecosystem.