Tracked deals
47
47 tracked deals across 2019-2026.
Who's Buying AI & Machine Learning Companies in Canada
Buyer mix
Strategic-led
44 strategic · 3 pe
Top trend
Volume peaked in 2026
17 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Cohere acquired Reliant AI (Quebec) to expand its sovereign enterprise AI for biopharma and healthcare, including integration into its North for Pharma offering.
- Mphasis acquired Theory and Practice Business Intelligence Inc. (TAP) (Vancouver, BC) to bring the Continuum AI decision intelligence platform into its NeoIP roadmap.
- Agentic and workflow-focused AI shows up in multiple verticals, from Motorola Solutions expanding agentic AI for non-emergency 911 call screening to Legora acquiring Walter AI for legal workflows.
- Deal structures vary: traditional acquisitions sit alongside reverse takeover and business combinations to bring companies public.
| Theme seen in deals | Representative buyers | Canada locations |
|---|---|---|
| Regulated healthcare / biopharma AI | Cohere | Quebec |
| Enterprise decision intelligence | Mphasis | British Columbia |
| Agentic AI in operations | Motorola Solutions, Legora, Secure Blockchain Development Corp. | Yukon; British Columbia; Canada |
| Applied AI in industry & robotics | Novi Labs, Appetronix | Alberta; Ontario |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| AF2 Capital Corp. | 1 | TSX Venture capital pool company (CPC) with no commercial... | Mixed |
| AGCO | 1 | Global designer, manufacturer and distributor of agricult... | Strategic |
| Accenture (Accenture Ventures) | 1 | Global professional services and consulting firm providin... | Strategic |
| Ahoy Tech | 1 | Physical AI company building edge perception and orchestr... | Strategic |
| Appetronix | 1 | Foodtech company developing autonomous robotic solutions ... | Strategic |
| Apple | 1 | Designs and sells consumer hardware, software and service... | Strategic |
| Bell Ventures | 1 | Venture investment unit associated with Bell, backing tec... | Strategic |
| Business Development Bank of Canada (BDC) | 1 | Canadian development bank that invests in businesses thro... | Mixed |
| CM Labs Simulations | 1 | Developer of simulation-based heavy equipment training so... | Strategic |
| Calabrio | 1 | Provider of Calabrio ONE workforce performance and conver... | Strategic |
Acquisition Volume in AI & Machine Learning in Canada by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- DeepGreenX Group Inc.
- Target
- Green Panda Capital Corp.
- Industry
- AI & Machine Learning
- Location
- Canada
- Type
- Buyout
Green Panda Capital Corp. announced it signed a definitive agreement with DeepGreenX Group Inc. under a share exchange and business combination structure in a reverse takeover. Following closing, DeepGreenX is expected to become the wholly owned subsidiary of the resulting public company, which is expected to be renamed DeepGreenX Group Inc.
-
May 19, 2026
- Buyer
- Cohere
- Target
- Reliant AI
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
Cohere announced the acquisition of Reliant AI, a Montreal- and Berlin-based biopharma AI company, to integrate Reliant’s domain-optimized technology into Cohere’s enterprise sovereign AI platform. The deal is aimed at accelerating innovation in regulated healthcare and life sciences by expanding verticalized offerings such as North for Pharma.
-
- Buyer
- OneRobotics (Shenzhen) Co., Ltd.
- Target
- Nanoleaf Limited
- Seller
- Nanoleaf Limited's core founder shareholders
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
OneRobotics (Shenzhen) Co., Ltd. has signed an investment agreement to acquire Nanoleaf Limited in a US$40 million, multi-stage transaction. The deal is designed to give OneRobotics access to Nanoleaf’s offline retail distribution network and supporting local teams, while integrating Nanoleaf’s R&D and supply chain capabilities to expand global embodied AI/AI product operations.
-
- Buyer
- Ahoy Tech
- Target
- Wrk Technologies
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
Dubai-headquartered Ahoy Tech has agreed to acquire Montreal-based Wrk Technologies in a deal it described as a “nine-figure acquisition,” and announced plans to establish a North American base in Montreal. The company will partner with Mila and open a new Montreal lab focused on “physical AI” as part of its real-world automation efforts.
-
- Buyer
- Planet First Partners, Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp., Mubadala Capital
- Target
- Photonic Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Growth capital
Photonic Inc. announced the final close of an investment round of over $200 million USD (about $275 million CAD), bringing total capital raised to over $350 million USD. The round is led by Planet First Partners and includes new investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp., and existing investor Mubadala Capital, with Evercore as sole placement agent.
-
April 30, 2026
- Buyer
- Novi Labs
- Target
- Turing Analytics
- Industry
- AI & Machine Learning
- Location
- Alberta, Canada
- Type
- Buyout
Novi Labs, an AI-driven energy analytics platform, acquired Calgary-based Turing Analytics, the company behind EVA, a Canadian-focused upstream analytics and proprietary data platform. The combined platform is intended to provide a unified dataset and modeling framework to evaluate upstream investment opportunities across the United States and Canada without fragmented workflows.
-
- Buyer
- Appetronix
- Target
- Cibotica
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Appetronix acquired Cibotica to expand beyond its robotic pizza kitchens and accelerate deployment of automated kitchen systems across multiple cuisines. Cibotica’s Remy ingredient-agnostic dispensing and bowl/salad assembly technology is intended to help Appetronix scale faster, reduce labor by up to 30%, and minimize food waste by up to 50% via AI-driven portioning.
-
April 24, 2026
- Buyer
- Mphasis, Mphasis Ireland Limited
- Target
- Theory and Practice Business Intelligence Inc., Theory and Practice Business Intelligence, TAP (Continuum AI platform), Theory and Practice Business Intelligence Inc. and its affiliates
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
Mphasis has acquired Vancouver-based Theory and Practice Business Intelligence Inc. (TAP), gaining ownership of its Continuum AI decision intelligence platform. The deal includes an upfront CAD 10 million payment at closing and up to CAD 20 million of additional management milestone-based contingent consideration over multiple years, as Mphasis integrates TAP into its NeoIP roadmap.
-
April 14, 2026
- Buyer
- Motorola Solutions
- Target
- HyperYou, Inc. (Hyper)
- Industry
- AI & Machine Learning
- Location
- Yukon, Canada
- Type
- Buyout
Motorola Solutions acquired HyperYou, Inc. (Hyper), a company providing conversational, agentic AI that screens and routes non-emergency 911 calls to reduce workload at understaffed PSAPs. The deal expands Motorola’s use of agentic AI across its Command Center portfolio and mission-critical AI platform, Assist, and will introduce new “Assist Agents” to automate additional emergency-response workflow tasks under human supervision. Financial terms were not disclosed.
-
- Buyer
- Secure Blockchain Development Corp.
- Target
- Agentic Solutions Limited
- Industry
- AI & Machine Learning
- Location
- Canada
- Type
- Buyout
Secure Blockchain Development Corp has finalized its acquisition of Agentic Solutions Limited, a company specializing in AI agents. The all-stock deal integrates Agentic’s elizaOS framework into Secure Blockchain’s existing blockchain infrastructure and aims to commercialize elizaOS for public markets and provide AI solutions combining AI agent capabilities with blockchain verification.
-
March 27, 2026
- Buyer
- Crane Harbor Acquisition Corp.
- Target
- Xanadu Quantum Technologies Limited
- Industry
- AI & Machine Learning
- Location
- Canada
- Type
- Buyout
Xanadu Quantum Technologies Limited became a publicly listed company on Nasdaq and the Toronto Stock Exchange after completing its previously announced business combination with Crane Harbor Acquisition Corp. The transaction provided Xanadu with approximately $302 million in gross proceeds and includes discussions for up to C$390 million in potential government funding to support technology development, manufacturing scale-up, and commercialization of its photonic quantum computing platform.
-
March 26, 2026
- Buyer
- Wishpond Technologies Ltd.
- Target
- SalesCloser Technologies Inc., SalesCloser Technologies Ltd.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
SalesCloser Technologies Ltd. (formerly G2M Cap Corp.) has completed its previously announced qualifying transaction to acquire all issued and outstanding securities of SalesCloser from Wishpond via a three-cornered amalgamation. Wishpond received 63.3% ownership of the resulting publicly traded company following closing, alongside an oversubscribed concurrent financing of C$5.45 million.
-
March 13, 2026
- Buyer
- Legora
- Target
- Walter AI, Walter
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
Swedish legal AI platform Legora acquired Canadian startup Walter AI as its first acquisition. The deal strengthens Legora’s agentic workflow capabilities and is intended to expand its presence in North America—particularly Canada—by integrating Walter AI’s technology that plugs into tools like Microsoft Outlook and iManage.
-
- Buyer
- AF2 Capital Corp.
- Target
- Everkind Inc., 1001520531 Ontario Inc. (AF2 Subco)
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
AF2 Capital Corp. (a TSX Venture Exchange capital pool company) entered into a definitive amalgamation agreement with digital wellness AI company Everkind Inc. AF2’s wholly owned subsidiary will amalgamate with Everkind, with Everkind continuing as the business of the resulting listed issuer to be renamed Everkind Corp.
-
February 24, 2026
- Buyer
- ZenaTech, Inc.
- Target
- 18 US firms in the architecture, engineering, and environmental (AE) sector (specific company names not provided)
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Addon
ZenaTech, Inc. announced it won Morrissey Goodale’s 2026 “Most Prolific and Proficient Acquirer” award, citing its acquisitive growth strategy in the architecture, engineering, and environmental (AE) sector. The company said it acquired 18 U.S. firms in the AE sector as part of 20 global Drone as a Service (DaaS) acquisitions in 2025, integrating drone-based data capture, automation, and analytics into acquired companies’ operations.
-
January 22, 2026
- Buyer
- ConnectWise
- Target
- zofiQ
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
ConnectWise has acquired zofiQ, an agentic AI company that automates high-volume MSP service desk operations, embedding zofiQ agents into ConnectWise PSA workflows. The acquisition is intended to accelerate ConnectWise's "Age of Autonomous Service," extend agentic automation across its platform (PSA, RMM, cybersecurity, data protection), and help MSP partners scale service delivery without proportionally increasing headcount.
-
January 15, 2026
- Buyer
- Teamworks
- Target
- Sportlogiq
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
Teamworks has acquired Sportlogiq, the Montreal-based leader in AI-powered hockey analytics, integrating Sportlogiq’s computer vision and tracking technology into Teamworks’ Intelligence platform. Sportlogiq’s team of roughly 80 employees (including 10 AI researchers) and its iCE platform will join Teamworks to expand its analytics, game-preparation, and talent-evaluation capabilities across professional and collegiate sports.
-
August 14, 2025
- Buyer
- Landbase
- Target
- Adauris
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
Landbase, the agentic AI GTM platform, has acquired Adauris to accelerate its inbound marketing roadmap by integrating Adauris' content-driven intent signals and publishing capabilities. The Adauris founding team joins Landbase and has already contributed Landbase's first inbound feature (signal-based LinkedIn publishing), furthering Landbase's plan to unify outbound and inbound automation after its $30M Series A.
-
June 27, 2025
- Buyer
- Nvidia
- Target
- CentML
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Nvidia has acquired Toronto-based AI startup CentML, including its technology, employees and customers. Several CentML co-founders and at least 15 engineers have joined Nvidia and CentML will cease operations, with its subscription AI-optimization services being discontinued.
-
May 1, 2025
- Buyer
- CM Labs Simulations
- Target
- AI Redefined (AIR)
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
CM Labs Simulations has acquired AI Redefined (AIR), a Montreal-based developer of the Cogment human-AI collaboration platform, to integrate real-time AI capabilities into its Vortex simulation training offerings. The deal expands CM Labs' capability to deliver adaptive, intelligent training solutions for high‑stakes industries such as aerospace, logistics, and renewable energy.
-
February 10, 2025
- Buyer
- DataRobot
- Target
- Agnostiq
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
DataRobot has acquired Agnostiq, the developer of the open-source distributed computing platform Covalent, to accelerate development and deployment of agentic AI applications through advanced compute orchestration and optimization. The acquisition brings Covalent's multi-cloud, multi-infrastructure orchestration capabilities and open-source community into DataRobot to reduce AI infrastructure complexity and costs and enable scalable agentic AI across heterogeneous compute environments.
-
December 18, 2024
- Buyer
- Trane Technologies
- Target
- BrainBox AI
- Industry
- AI & Machine Learning
- Location
- Canada
- Type
- Addon
Trane Technologies has signed a definitive agreement to acquire BrainBox AI, a Montreal-based autonomous HVAC controls and generative AI building technology company. The deal is intended to augment Trane’s building management and digital capabilities and expand smart building solutions that reduce energy use and greenhouse gas emissions, with a planned close in early 2025.
-
- Buyer
- Numinus Wellness Inc.
- Target
- MedBright AI Investments Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
Numinus Wellness Inc. has executed a letter of intent to acquire MedBright AI Investments Inc. via a statutory plan of arrangement, with Numinus issuing approximately 1.86 shares per MedBright share (≈204.7M shares, ~39% pro forma). The deal combines MedBright's AI-enabled clinical solutions with Numinus' clinic operations and psychedelic-assisted therapy expertise to AI-enable mental health clinics across the U.S. and strengthen the combined company's path to revenue growth and positive EBITDA.
-
April 18, 2024
- Buyer
- HubHead Corp.
- Target
- DataSeer, Inc.
- Seller
- DataSeer, Inc.
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Divestiture
HubHead Corp. has acquired the assets of DataSeer, Inc. to strengthen its vertical AI capabilities for asset-intensive industries, integrating DataSeer’s AI-driven P&ID extraction and digital-twin data capabilities into HubHead’s NRX AssetHub offerings. The deal expands HubHead’s ability to improve asset and maintenance master data for customers such as engineering firms, system integrators, EPCs and other asset-intensive businesses.
-
March 27, 2024
- Buyer
- Accenture (Accenture Ventures)
- Target
- Sanctuary AI
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Growth capital
Accenture, through Accenture Ventures, made a strategic investment in Sanctuary AI, a Vancouver-based developer of AI-powered humanoid robots. The partnership aims to accelerate Sanctuary AI's commercialization and deploy its Phoenix robots across industries such as retail, logistics, and manufacturing while leveraging Accenture's enterprise relationships and implementation expertise.
-
March 14, 2024
- Buyer
- Apple
- Target
- DarwinAI
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Apple quietly acquired Canadian AI startup DarwinAI earlier in 2024, adding dozens of DarwinAI employees to its AI team. DarwinAI’s technology — focused on making AI models smaller and faster and on visual inspection for manufacturing and supply chains — will be used to help Apple run more AI capabilities on devices for iOS 18 and other products.
-
February 13, 2024
- Buyer
- GeologicAI
- Target
- Resource Modeling Solutions
- Industry
- AI & Machine Learning
- Location
- Alberta, Canada
- Type
- Buyout
GeologicAI, a Calgary-based developer of AI-driven core scanning robots and software, has acquired Resource Modeling Solutions (RMS), a geostatistics and geometallurgy consultancy and software provider. The acquisition expands GeologicAI’s modeling and subsurface interpretation capabilities, enabling broader end-to-end technology solutions for mining, environmental, and petroleum clients.
-
January 23, 2024
- Buyer
- HubStar
- Target
- Relogix
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
HubStar, a hybrid workplace technology provider, has acquired Ottawa-based Relogix, a workplace occupancy sensor and analytics company. The deal combines HubStar's AI-powered utilization measurement capabilities with Relogix's Conexus platform and sensor hardware to expand HubStar's product capabilities and market leadership in workspace analytics.
-
January 9, 2024
- Buyer
- SandboxAQ
- Target
- Good Chemistry
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
SandboxAQ has acquired Good Chemistry, a Vancouver-based computational chemistry company, to enhance its AI-driven simulation and quantum chemistry capabilities. The acquisition adds Good Chemistry's QEMIST Cloud and Tangelo tools, team talent, and customer relationships to SandboxAQ's enterprise AI+Quantum software portfolio.
-
January 9, 2024
- Buyer
- Calabrio
- Target
- Wysdom
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Calabrio has acquired Wysdom, a Toronto-based provider of AI/ML-driven chatbot and virtual agent analytics, to expand Calabrio ONE’s conversational intelligence and bot-management capabilities. The deal integrates Wysdom’s real-time bot performance analytics into Calabrio’s omnichannel contact center analytics and workforce performance suite to drive improved agent productivity and virtual-agent effectiveness.
-
June 22, 2023
- Buyer
- QuestionPro
- Target
- PathosAI
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
QuestionPro has acquired PathosAI to integrate PathosAI’s emotional-insights AI into QuestionPro’s research and insights platform. The acquisition expands QuestionPro’s AI-driven capabilities for customer experience and brand research by enabling emotion analysis and prediction within its survey and insights tools.
-
May 4, 2023
- Buyer
- PartnerHero
- Target
- Summatti
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
PartnerHero has acquired Summatti, an AI-powered conversation analytics platform based in Waterloo, Ontario, to accelerate development of its omnichannel CX operations platform. Summatti’s founders will join PartnerHero full-time and the company’s conversation-intelligence technology will be integrated into PartnerHero’s customer operations offerings.
-
- Buyer
- Voices
- Target
- Voices.ai
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Voices, the global voice-over marketplace, has acquired Voices.ai and plans to launch a next-generation developer platform for voice applications that will include APIs, libraries, documentation and cloud infrastructure. The acquisition supports Voices’ push into AI-generated voices and developer-focused tools to serve use cases such as voice assistants, eLearning and real-time synthetic voice applications.
-
January 19, 2023
- Buyer
- Sprout Social
- Target
- Repustate
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Sprout Social, a Chicago-based provider of social media management software, acquired Repustate, a Toronto-based sentiment analysis and natural language processing company. The acquisition adds Repustate's AI-powered sentiment analysis and NLP capabilities to Sprout's social listening, messaging and customer care offerings to accelerate product roadmap and improve social customer care and listening features.
-
October 4, 2022
- Buyer
- Velodyne Lidar, Inc.
- Target
- Bluecity
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
Velodyne Lidar has acquired Bluecity, a Montreal-based AI software company that provides lidar-based analytics and traffic/safety solutions. The all-stock deal brings Bluecity's software, development and sales teams into Velodyne to integrate Bluecity's SaaS analytics with Velodyne's lidar sensors and Vella perception software to expand intelligent infrastructure and autonomous vision capabilities.
-
- Buyer
- XMachina AI Group Inc.
- Target
- XMachina-AI Inc.
- Seller
- Former shareholders of XMachina-AI Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
XMachina AI Group Inc. (formerly 1210352 B.C. Ltd.) completed a business combination on June 7, 2022, pursuant to which it acquired XMachina-AI Inc. and renamed the resulting issuer XMachina AI Group Inc. The Resulting Issuer will carry on XMAI's business, intends to apply to list its subordinate voting shares on the Canadian Securities Exchange, and plans to accelerate growth by injecting capital and talent into AI and data-analytics businesses.
-
May 2, 2022
- Buyer
- AGCO
- Target
- JCA Industries, Inc. (d/b/a JCA Technologies)
- Industry
- AI & Machine Learning
- Location
- Manitoba, Canada
- Type
- Buyout
AGCO, the global agricultural machinery manufacturer, has acquired JCA Industries, Inc. (d/b/a JCA Technologies), a Winnipeg-based developer of autonomous software, electronic systems and implement controls for agricultural machinery. The acquisition strengthens AGCO's engineering and software development capabilities—particularly in path planning, sensor fusion and remote-control software—to accelerate delivery of highly automated and autonomous machines.
-
- Buyer
- WELL Health Technologies Corp. (through subsidiary WELL Ventures)
- Target
- Tali.ai (11855760 Canada Inc.)
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Growth capital
WELL Health Technologies, through its WELL Ventures subsidiary, made a minority investment in Tali.ai and entered a five-year strategic alliance to commercialize Tali.ai's AI voice assistant across WELL's EMR portfolio and apps.health marketplace. The deal gives WELL access to Tali.ai's NLP-driven voice capabilities for clinicians and enables Tali.ai to be beta-tested in WELL clinics and offered to over 15,000 providers across Canada.
-
February 8, 2022
- Buyer
- DPCM Capital, Inc., D-Wave Quantum Inc.
- Target
- D-Wave Systems Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
D-Wave Systems Inc. entered into a definitive agreement with DPCM Capital, Inc. to go public through a business combination with the SPAC. At closing, a newly formed parent company, D-Wave Quantum Inc., is expected to trade on the NYSE under the ticker “QBTS.” The combined company plans to use proceeds to accelerate in-production quantum applications and expand its commercial quantum computing platform.
-
January 13, 2022
- Buyer
- Salesfloor
- Target
- Automat
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
Salesfloor acquired Montreal-based conversational AI provider Automat to integrate guided shopping, product recommendations and personalization into its virtual shopping and clienteling platform. The deal brings Automat’s AI capabilities (used by brands such as L’Oréal and Colgate-Palmolive) into Salesfloor’s platform to boost omnichannel retail personalization and sales performance.
-
October 29, 2021
- Buyer
- Microsoft
- Target
- Two Hat
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
Microsoft has acquired Two Hat, a Kelowna-based provider of AI-powered content moderation and digital-wellness solutions. The deal will integrate Two Hat’s moderation technology and team into Microsoft’s efforts to improve safety across Xbox, Minecraft and other Microsoft consumer and partner services.
-
August 10, 2021
- Buyer
- Litera, Insight Partners, Hg
- Target
- Kira Systems
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Litera has agreed to acquire Kira Systems, a Toronto-based leader in machine learning contract analysis, to strengthen its Transaction Management platform and expand due diligence workflows. As part of the deal, Kira majority investor Insight Partners will become a minority investor in Litera while Hg remains Litera's majority investor; Kira's AI research team will spin out as a new company, Zuva.
-
- Buyer
- Hootsuite
- Target
- Heyday
- Industry
- AI & Machine Learning
- Location
- Quebec, Canada
- Type
- Buyout
Hootsuite acquired Montreal-based conversational AI platform Heyday for approximately CA$60 million to add enterprise-grade customer messaging and AI automation to its social commerce and customer care offerings. The acquisition integrates Heyday's conversational AI and e-commerce integrations into Hootsuite's social media management platform to enable brands to deliver personalized 1:1 messaging experiences at scale.
-
- Buyer
- Life Clips, Inc.
- Target
- Cognitive Apps Software Solutions Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Type
- Buyout
Life Clips, Inc. (OTC Pink: LCLP) has closed the acquisition of Cognitive Apps Software Solutions Inc., an AI-powered, speech-based mental health analytics platform. Life Clips gains Cognitive Apps' intellectual property and R&D team to further develop the technology for mental health diagnostics, employee/patient monitoring and psychedelic research.
-
March 30, 2021
- Buyer
- Deloitte Canada
- Target
- Groundswell Group Inc.
- Seller
- Groundswell Group Inc.
- Industry
- AI & Machine Learning
- Location
- Alberta, Canada
- Type
- Buyout
Deloitte Canada has acquired Groundswell Group Inc., a Calgary-based AI and data integration firm, to strengthen its AI, machine learning, intelligent automation, and cloud data engineering capabilities in Western Canada. Groundswell’s ~133 employees and several senior leaders will join Deloitte’s Consulting practice as part of Omnia AI to expand Deloitte’s AI and data transformation offerings.
-
- Buyer
- Kinaxis Inc.
- Target
- Rubikloud
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Kinaxis Inc. has signed a definitive agreement to acquire Toronto-based Rubikloud for US$60 million in an all-cash transaction. The acquisition brings Rubikloud’s AI/ML-driven demand forecasting and promotion optimization SaaS capabilities (and ~80 employees) into Kinaxis’s RapidResponse platform to expand its demand-planning capabilities and accelerate entry into the enterprise retail and CPG markets.
-
January 24, 2019
- Buyer
- Envestnet | Yodlee
- Target
- Abe AI
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Type
- Buyout
Envestnet | Yodlee acquired conversational AI startup Abe AI to integrate Abe's conversational banking and NLP capabilities into Yodlee's financial wellness and retail banking offerings, with plans to extend into Envestnet's wealth management products. The acquisition expands Yodlee's product capabilities by adding natural-language, voice and chat interfaces across major conversational ecosystems.
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Frequently Asked Questions
Which provinces show up most often in these Canadian AI & machine learning acquisitions?
The listed deals include locations across Quebec, Ontario, British Columbia, Alberta, and Canada broadly, with at least one example in the Yukon.
What types of AI capabilities are buyers adding through acquisitions in Canada?
The deals point to capability expansion such as sovereign enterprise AI for healthcare, decision intelligence platforms, agentic AI workflow automation, and applied analytics or AI-driven automation in domains like energy and food robotics.
Are these mostly traditional acquisitions, or do deal structures vary?
Deal structures vary. Alongside outright acquisitions, the page also includes a reverse takeover/share exchange and business combinations intended to take companies public.
Do financial terms appear for all deals?
Not for all transactions. For example, the Mphasis–TAP acquisition includes an upfront payment plus contingent consideration, while some others note that financial terms were not disclosed.
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