15 AI Companies in Toronto That Are Gaining Popularity

Through a decade of investing in AI, Toronto’s AI sector has exploded with a number of high-performance companies creating waves at an international level. Toronto is home to some of the most exciting Canada AI enterprises, showing lots of dynamism and promise in recent years.

Homegrown and enabling a growing tech sector in the city, there are many AI companies in Toronto quickly gaining popularity. Below are the fifteen biggest and most promising AI companies in the Toronto tech sector:

1. Dessa

One of most well-known AI companies in Toronto is Dessa. The company designs and deploys AI systems for enterprises. They’re a firm often hired to create system-specific AI software. In 2016, Dessa established themselves on the world stage by being among the first companies to build an AI system for a retail bank.

2. Densify

Densify uses AI to optimize cloud computing and cloud environments in real-time. Companies using Densify products are seeing better performance, less infrastructure inefficiencies, and reduced costs.

3. Cyclica

Cyclica is a Toronto-based biotechnology firm that specializes in using artificial intelligence to develop pharmaceutical drugs. How they do this is by using AI tools to identify molecules predicted to exhibit drug-like behaviour. Through this identification, it is the hope to develop therapies and treatments for diseases like cancer.

4. BlueDot

Toronto’s BlueDot made international headlines in March for using their AI to uncover the coronavirus outbreak nine days before the World Health Organization made any statement on the matter. BlueDot uses AI for infectious disease surveillance and on December 30th, they observed a cluster of unusual pneumonia cases in Wuhan, China.

The company also uses global airline ticketing data to aid in determining the travel to other potentially infected areas. Coincidentally, BlueDot was created by a physician and epidemiologist involved in the SARS outbreak in Toronto in 2003.

5. Wysdom

Wysdom’s AI chatbots are used worldwide to enhance customer channels online. Through chatbots, a company can scale their customer service efforts beyond what their workforce will allow. Wysdom uses data culled from several sources to continually improve its chatbot communications and is a leading name in the Canadian AI scene.

6. Bench Sci

Bench Sci is a biomedical AI firm located in Toronto. Using AI, Bench Sci can scan thousands of vendors and data points in scientific literature to identify information – such as the required antibodies to target for a drug in process of being researched.

7. Rubikloud

Rubikloud has a machine learning platform and multiple AI applications specific to the retail market. Rubikloud takes a marketing-first approach to AI, using their tools to guide mass promotional campaigns and to improve loyalty from customers to billion-dollar retail juggernauts.

8. Receptiviti

Receptiviti monitors internal company communication systems. Through its AI and proprietary language psychology science, the platform can provide real-time insights into workforce morale and the psychological state of employees.

9. AdeptMind

AdeptMind is a Toronto AI company that uses machine learning to optimize eCommerce search. Through its AI tools, AdeptMind is assisting leading eCommerce retail companies across North America fine-tune their online shopping experience with intuitive, deep learning-led search solutions.

10. Elucid Labs Inc.

Elucid Labs Inc. uses AI tools to target cancer in the body particularly as it relates to early detection. Thus far, Elucid Labs Inc.’s most notable achievement was using AI to identify skin cancer earlier than human physicians can. AI tech like his has the potential to save thousands every year and is another great example of the growing AI sector in Toronto.

11. Deep Genomics

Deep Genomics is a health-technology company using artificial intelligence to target genetic therapies. Using AI overseen by geneticists, molecular biologists, and chemists, the company’s determined to find new ways to detect and treat disease in the body.

12. WinterLight Labs

WinterLight Labs uses proprietary AI software to analyze speech in order to detect or aid in managing conditions relating to cognitive decline. This AI tool can detect early stages in dementia, Alzheimer’s, aphasia, and similar conditions simply by analyzing 60 seconds of speech.

13. Blue J Legal

Blue J Legal is a Toronto AI company that analyzes criminal justice decision-making to present legal firms key insights into specific client situations or to aid in legal research. The goal of its machine-learning tool is to predict what a court might do in specific circumstances based off thousands of data points, case studies, and court decision reviews. This gives lawyers the opportunity to provide informed guidance from the early stages of consultation.

14. Ross Intelligence

Ross Intelligence is using AI to create ‘the world’s smartest lawyer’. Through AI tools, patterns relating to context, syntax, and meaning in legal documents are identified. Then, using an algorithm, the company’s software can produce cases relevant to a given document. This AI approach has the potential to assist with various challenges in legal research.

15. Daisy Intelligence

Daisy Intelligence is a company that uses an SaaS-based AI to aid businesses from insurance companies to grocery stores in better understanding their customers. Daisy does this through processing large amounts of data via its AI platform. Daisy Intelligence’s AI is used by the largest retailers in the world and is another Toronto-based AI company we had to include.