While dozens of cities across North America have become synonymous with the tech space, there’s one that stands out among the rest in terms of rapid tech growth — and it’s not exactly close to Silicon Valley. In truth, Toronto has proven to be by far one of the fastest growing tech epicenters, touting a global presence that stems from a diverse range of industries. Labeled a “startup hotspot” by Inc. Magazine, Toronto's ascent into tech stardom reached its height over the past decade, when industry giants like Google, Twitter and Microsoft established satellite offices across the city, and fledgling companies began opening up in droves.
With a notable influx of venture capital and strong ties to nearby tech hub Kitchener-Waterloo, the city is slated to become a global tech leader. This surge in worldwide status is promising news for the city’s established tech companies, which will undoubtedly benefit from the area’s burgeoning tech presence. From fintech to healthtech, Toronto’s tech companies span a wide range of sectors — a demonstration of the diversity of the city’s tech scene. Whether they’re developing smart home devices or reinventing remote education, these tech companies in Toronto are doing their part to make the Canadian capital a hotbed of invention and disruption.
Tech Companies in Toronto to Know
- Kraft Heinz
- Cash App
- Toast
- Morningstar
- Cloudflare
Top Tech Companies in Toronto
Industry: Food and Beverage
Company Size: 10,000+ employees
The Kraft Heinz Company operates a portfolio of popular food and drink brands that reach consumers around the globe. It has over 38,000 employees working across a variety of teams, such as digital, information technology, marketing and research and development. The company says its tech professionals work to “empower every aspect of our global business” by building products, solving challenges and engaging in continuous learning.
Industry: Fintech
Company Size: 3,000+ employees
Cash App provides financial services to its network of over 55 million active users, who can send and receive money transfers from their mobile phones. The platform facilitates person-to-person transfers, Bitcoin transactions and fractional investments, and also provides more traditional banking services like debit transactions and savings.
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Industry: Hospitality Software, Fintech
Company Size: 5,000+ employees
Toast makes software and hardware for the hospitality industry, including point-of-sale systems and remote ordering platforms. It serves fine dining restaurants, fast casual spots, bars, food trucks and other food and drink establishments. Toast’s technology supports them in streamlining operations for everything from fulfilling orders faster to managing employee schedules and setting up loyalty programs.
Industry: Fintech
Company Size: 10,000+ employees
Morningstar operates a portfolio of brands and technology products for investors, advisers, asset managers and other professionals across the financial services and wealth management space. Its Morningstar Investor product, for example, provides individual investors with research and insights to help them make data-driven investment decisions.
Industry: Cybersecurity, Information Technology
Company Size: 5,000+ employees
Cloudflare’s tech offerings center around cybersecurity and optimization, with a zero trust platform, a developer platform and services for network and application security and performance. Its solutions can be used to securely build and deploy cloud applications, protect and accelerate networks and applications, secure remote work environments and maintain connectivity clouds.
Industry: Fintech, Payment Processing
Company Size: 5,000+ employees
Adyen brings businesses a platform that’s equipped with solutions designed to help them meet their strategic goals. It covers payment processing, risk management, sending global payouts and other important business processes. Founded in Amsterdam in 2006, Adyen’s operations have spread into Toronto with an office in the city’s downtown area.
Industry: Software Development
Company Size: 50-200 employees
Influitive helps its clients discover, nurture and mobilize customer advocates to drive top-line growth and bottom-line profits. The company’s platform is designed to drive engagement and customer growth at scale by combining customer advocacy tools, expert services and training with intelligent automation, gamification and personalization features. Influitive works with a wide range of global brands including IBM, Oracle, Cisco and Adobe.
Industry: E-commerce
Company Size: 200-500 employees
Identity Digital, founded in 2010, provides relevant and memorable domain names that help companies build, market and own their digital identities. The company operates nearly 25 million domains like “.business,” “.guide,” and “.games” in addition to supporting the well-known domains “.au” and “.org.” It also provides state-of-the-art security for each domain.
Industry: Hardware, IoT
Company Size: 200-500 employees
Launched by Stuart Lombard, Ecobee creates smart home products designed to help consumers save money and conserve energy. The company’s devices include smart thermostats, cameras, sensors and air filters, all of which are developed to work seamlessly together and can connect with users’ smartphones to ensure optimal home security. Ecobee also offers its own subscription-based thermostat management software, SmartBuildings, which is intended to help commercial and multi-family buildings optimize energy savings.
Industry: Edtech
Company Size: 200-500 employees
Top Hat has created a higher education teaching app that helps professors more closely connect with students. The app enables instructors to stream lectures in real time, record class meetings, take attendance, present and edit slides, and create polls, quizzes and discussions. Partnering with more than 750 universities across North America, Top Hat provides students access to digital textbooks, assignments, and online tests and exams.
Industry: Automotive, Robotics, Manufacturing
Company Size: 170,000+ employees
Headquartered in Aurora, Ontario, Magna International is a mobility technology company that supplies the worldwide automotive industry. It operates within a number of segments including body exterior, seating systems and complete vehicles. The company incorporates AI-enabled technology and predictive maintenance systems throughout its manufacturing process. It’s also investing in artificial intelligence solutions for autonomous vehicles including object classification, which allows self-driving cars to identify critical traffic and road conditions.
Industry: Artificial Intelligence, Customer Relations
Company Size: 50-200 employees
Flybits enables micro-personalized experiences to help its clients create value for their customers. The company’s contextual recommendation engine helps businesses better understand their customers by aggregating data and making it more accessible, which ultimately leads to increased engagement, greater loyalty and higher ROI. Flybits works primarily with retail banking, wealth management and insurance clients.
Industry: HR Software
Company Size: 500-1,000 employees
Achievers helps drive organizational success by enabling businesses to activate employee participation and accelerate a culture of performance. The company’s employee engagement platform gets rid of the need for disparate rewards and recognitions processes by allowing users to acknowledge each other’s contributions, communicate effectively and quantify their results. Achievers’s diverse client base boasts organizations such as McDonald’s, Ericsson, General Motors and Availity.
Industry: Biotech
Company Size: 50-200 employees
Founded by Brendan Frey, Deep Genomics utilizes AI, biology and automation to develop life-saving genetic therapies. Their AI-powered discovery platform helps the company’s team of geneticists, molecular biologists and chemists identify the best drug candidates. Deep Genomics ultimately focuses on the development and marketing of oligonucleotide therapies that target the genetic determinants of disease at the level of RNA or DNA.
Industry: Food, Retail, Manufacturing
Company Size: 10,000+ employees
McCain Foods’ prepared potato products fuel its global team of 22,000 people and presence in over 160 countries. The company is working to bring digital tools and data into its processes to drive efficiency, automation and data-driven insights. Founded in 1957, McCain Foods is headquartered in Florenceville-Bristol, New Brunswick.
Industry: Edtech, Digital Media
Company Size: 3,000+ employees
Founded by Allen Lau and Ivan Yuen, Wattpad is a global multi-platform entertainment company that facilitates the creation and distribution of content across various formats. Their social storytelling platform allows artists to create, build and amplify their stories, boasting more than 50 writing resources. Wattpad’s aim is to connect untapped, talented writers with leading multi-media entertainment companies.
Industry: Software Development
Company Size: 50-200 employees
EventMobi enables event planners and marketers to deliver interactive, memorable experiences through the company's event app platform. Their event management software enables users to collect registrations, foster attendees' connections, schedule important reminders, collect feedback and gather insights through live reporting. Boasting clients from a broad range of industries, EventMobi also offers a virtual event platform for online and hybrid conferences.
Industry: HR Software
Company Size: 2,000-4,000 employees
Gusto provides businesses with HR tech for automating processes such as collecting employee feedback, payroll, benefits administration, onboarding and hiring. Its engineers aim to optimize its products to serve an array of industries that include healthcare, real estate, construction and manufacturing. The company’s Toronto office is in the Fashion District.
Industry: Artificial Intelligence, Information Technology
Company Size: 1,000+ employees
PagerDuty’s platform gives businesses the capabilities to manage their digital operations, equipped with features for incident response, customer service operations, process automation and other critical activities. The company also offers more than 700 integrations so that customers can make PagerDuty’s solutions work with their existing toolkit of tech platforms. PagerDuty has served over 25,000 companies, including big name brands like Zoom, DoorDash and Peloton.
Industry: Healthtech, Information Technology
Company Size: 50-200 employees
Think Research is a healthcare software company that aims to organize the world’s health knowledge to ensure all people get the best care. The company’s knowledge-based tools empower clinicians at the point of care and across all sectors, while their in-house team of physicians, pharmacists, nurses and nurse practitioners consolidate research into actionable insights. Think Research’s solutions are designed to reduce costs and inefficiencies and fit seamlessly into clinical workflows, thus improving clinical pathways and patient outcomes.
Industry: CRM Software
Company Size: 200-500 employees
BuildOps’ platform is equipped with digital tools that commercial contractors use to easily coordinate operations in the field and at the office. Its features cover labor forecasting, equipment tracking, procurement, lead generation, invoicing and quoting. The software company maintains a hub in Toronto where it’s hiring for engineering team members.
Industry: Artificial Intelligence, Cloud Storage
Company Size: 2,000+ employees
Dropbox is a popular file hosting software service that allows users to store, share and sync files without a storage device. Its dashboard is designed to be easily navigated, so it can handle over a billion files a day across 180 countries. The company offers remote work in Canada.
Industry: Fintech
Company Size: 50-200 employees
Sensibill provides digital banking tools intended to foster stronger relationships between financial institutions and their customers. The company’s suite of tools enables users to acquire customers with a true differentiator, increase mobile and card usage, personalize offers to grow product holdings, increase customer retention and boost referral rates. Sensibill works with banks located throughout North America and the U.K.
Industry: Artificial Intelligence, Marketing
Company Size: 500-1,000 employees
eMarketing tech company Movable Ink uses AI to create personalized customer content that runs on automations. Its email technology assesses user data to identify metrics like current location and social media cues with the goal of adjusting email content in real time. Movable Ink’s Toronto office is one of its locations throughout North and Central America, the U.K., Europe, Australia and Japan.
Industry: Artificial Intelligence, Information Technology
Company Size: 20,000+ employees
ServiceNow offers enterprise cloud computing solutions that allow businesses to work across silos, systems and teams. It provides its users with services like encryption, data benchmarking and workflow automation. The company has an office in the Old Toronto Financial District.
Industry: Information Technology
Company Size: 500-1,000 employees
KUBRA specializes in customer experience management solutions. Its portfolio of cloud-based products and services includes billing, payments and communications systems that make it simple and secure for businesses like utilities providers to interact with their customers. The company says its services benefit more than 40 percent of U.S. and Canadian households.
Industry: Artificial Intelligence, Consulting
Company Size: 10,000+ employees
ZS serves clients with industry-specific business tech solutions for management issues. For example, the company offers Zaidyn, a cloud-native platform equipped with workflows, analytics and algorithms for clinical healthcare research. ZS works with clients across multiple industries, including retail and financial services, but places a particular emphasis on providing products and expertise for the healthtech market.
Industry: Fintech
Company Size: 1,000+ employees
Airwallex offers financial management solutions used by various businesses, from travel agencies and software companies to social platforms and wholesalers. The company’s platform incorporates AI-powered capabilities to streamline financial workflows and simplify tasks like receipt data extraction and expense categorization. The global company has offices around the world, including one in Toronto.
Industry: Cryptocurrency, Trading, Fintech
Company Size: 50-200 employees
Coinsquare has created a platform for trading bitcoin, Ethereum, XRP and other cryptocurrencies. The company’s proprietary platform runs multiple encrypted and distributed backups daily, while its QuickTrade feature instantly enables trades between any two currencies. Coinsquare is committed to focusing on transparency, risk mitigation, and building a regulated and safe environment for the trading of digital assets.
Industry: E-commerce
Company Size: 500-1,000 employees
Vivid Seats LLC connects fans to live events like concerts and sporting games through its ticketing website and app. Though headquartered in Chicago, the company’s Toronto office is steadily growing as the region emerges as a hub for tech innovation.
Industry: Artificial Intelligence, Ed-tech
Company Size: 200-500 employees
360Learning offers an AI-powered software platform employers use to facilitate learning within their workforces, from developing custom course content to enabling personalized pathways for employee upskilling. More than 2,300 businesses trust 360Learning’s technology to cover employee onboarding, compliance training, sales enablement and other learning and development opportunities.
Industry: RPF Software
Company Size: 200-500 employees
Loopio has developed response software that streamlines the way enterprises respond to RFPs, RFIs and security questionnaires. The software features a multi-language library, customized categories, duplicate detection and an attachment library, all of which makes sales content more accessible and enables collaboration across the organization. Loopio’s client base includes Bugcrowd, DocuSign, HedgeServ, Citrix and Netskope.
Industry: Artificial Intelligence, Information Technology
Company Size: 1,000+ employees
Knowledge professionals use iManage’s work management tools to uncover and activate knowledge in their particular industries. Its iManage Closing Folders automates repetitive tasks associated with closing deals, including creating checklists, capturing signatures and creating final closing books. Founded in 2015, iManage is based in Chicago, Illinois.
Industry: Cybersecurity
Company Size: 500-1,000 employees
1Password enables its users to save their passwords so they can log in to sites with a single click. The company’s technology records usernames and passwords during sign in and keeps them secure by tracking password breaches and other security problems. 1Password works with a variety of clients including Geckoboard, Netguru and Unbabel.
Industry: Food, Big Data
Company Size: 90,000+ employees
Food tech company Mondelez International makes snacks like crackers, cookies and chocolates using advanced manufacturing tech and AI to drive innovation and advancement. A global multinational company with operations in over 80 countries, Mondelez is one of the largest snack manufacturers in Canada, running distribution centers, research and development facilities, factories and offices, including a corporate office in Toronto.
Industry: Fintech
Company Size: 2,000+ employees
Affirm offers a lending platform that allows users to pay for their online purchases in small installments. It allows users to choose plans from three to 36 months and provides interest rates as low as 0 percent so that users can pay over time for purchases like furniture, trips and electronics. The company has an office in Old Toronto.
Industry: E-Commerce, Retail
Company Size: 200-500 employees
Flipp seeks to change the way consumers shop by helping retailers and brands transform their businesses. The company’s next-generation digital shopping marketplace connects its partners with shoppers to drive incremental sales and deliver personalized experiences. Flipp empowers users to make informed shopping decisions while saving them time and money.
Industry: Healthtech, Payroll Processing
Company Size: 50-200 employees
CareGuide is dedicated to matching families with high-quality care providers through its portfolio of websites. The company helps its users discover child care, housekeeping services, elder care and pet care, which can be accessed through websites like Sitter.com, ElderCare.com and PetSitter.com. CareGuide’s website, HeartPayroll, helps people more easily pay caregivers, offering competitive pricing and seamless processing capabilities.
