Most Active AI Infrastructure Investors in Toronto 2026

7 firms writing AI Infrastructure checks in Toronto, led by Inovia Capital, Business Development Bank of Canada.

AI Infrastructure in Toronto accounts for 5 tracked companies with verified cap-table data, 5 of which disclose round sizes totalling $2.1B. The median disclosed raise is $154M, and the largest is Cohere at $1.6B, ahead of Taalas ($219M) and Moonvalley ($154M).

The names that recur most often on these ai infrastructure cap tables are Index Ventures (3 companies), Nvidia (1 company), Radical Ventures (1 company), Salesforce (1 company), Oracle (1 company), Quiet Capital (1 company). By latest disclosed round, the market skews Series C (1), Series D (1), Growth (1), Series A (1).

Best funded AI Infrastructure in Toronto companies

  1. Cohere — $1.6B (latest: Series C)
  2. Taalas — $219M (latest: Series D)
  3. Moonvalley — $154M (latest: Growth)
  4. Xanadu — $100M (latest: Series A)
  5. Ideogram — $17M (latest: Seed)

Sector × city funding reports (20)

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•By Alejandro Cremades