Watch Out for These 20 Canadian AI Firms

The Vector Institute has released its list of Canadian artificial intelligence (AI) startups to watch in 2023.

The inaugural Vector AI20 for 2023 report highlights 20 Canadian AI startup companies from Victoria to Saint John that reflect key regions of AI innovation across Canada and diversity in both their executive leadership and AI applications.  

The list was compiled after consultation with industry partners and through Vector’s own work in the broader AI ecosystem after analyzing more than 150 Canadian AI start-ups that achieved major milestones in 2021 and 2022.  

Vector says Canada’s leadership in AI research represents a once-in-a-generation opportunity to build and sustain AI-based economic growth and improve the lives of Canadians — not only by giving companies new tools to enhance productivity and create high-paying jobs but also by driving further innovation. Many of the Vector AI20 honorees have at least one focus area that will be integral to the future prosperity of Canada including health, drug discovery, and transportation. 

“Each honoree puts AI to work in interesting and potentially transformative ways,” says Cameron Schuler, chief commercialization officer and vice-president of industry innovation at the Vector Institute. “Together, they illustrate a manifestation of the remarkable promise of Canada’s AI ecosystem — and show how AI can drive not only future innovation but also future prosperity. Vector is proud to highlight these innovative startups as ones to watch, as their successes will support Canada’s quality of life in 2023 and beyond.”  

The Vector AI20 for 2023 companies are: 

Toronto-based Vector Institute is an independent, not-for-profit corporation dedicated to advancing AI, excelling in machine learning and deep learning. It’s funded by the Province of Ontario, the Government of Canada through the Pan-Canadian AI Strategy administered by CIFAR and ISED, and industry sponsors from across the Canadian economy.