157 Top startups in Waterloo for January 2025

We rank Top Hat, Auvik Networks and Dejero Labs in Waterloo along with 154 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Waterloo is part of Kitchener Waterloo which ranks #90 globally and #35 in North America.

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Top Unicorn Startups in Waterloo for 2025

Two startups have achieved unicorn status by exceeding USD 1 billion in valuation. Collectively, the top two unicorns in Waterloo have raised more than USD 4.3B.
SB Score:686

ApplyBoard is the leading online platform for students looking to study abroad. With the largest selection of programs worldwide, students can easily find, apply, and secure placements at top universities.

Industry:
Edtech
Subindustry:
Edtech

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SB Score:532

eSentire offers advanced cybersecurity solutions to protect businesses from cyber threats. Their services safeguard enterprises from sophisticated attacks, ensuring their digital assets remain secure.

Industry:
Software & Data
Subindustry:
Cybersecurity

National Rank (Canada)

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Total amount:2

Best Startups in Waterloo for 2025

SB Score:659

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

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SB Score:539

Auvik simplifies network management with its cloud-based platform. Users can easily monitor and manage their networks from anywhere, ensuring seamless connectivity and optimal performance.

Industry:
Software & Data
Subindustry:
Cloud

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SB Score:474

Dejero Labs provides innovative network aggregation technology for broadcast and media companies, ensuring seamless and reliable connectivity. Their solutions empower organizations with dependable communication capabilities, driving efficiency and productivity in the industry.

Industry:
Software & Data
Subindustry:
Cloud

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SB Score:466

Plum provides enterprise organizations with the necessary tools to effectively recruit, train, and utilize their workforce. By leveraging advanced data and technology, Plum helps businesses optimize their talent management processes for maximum efficiency and success.

Industry:
Software & Data
Subindustry:
Enterprise Technology

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SB Score:460

Uvaro is a career success platform empowering professionals to achieve fulfilling careers through personalized guidance and resources.

Industry:
Edtech
Subindustry:
Edtech

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SB Score:449

Axelar is a cutting-edge cross-chain communication platform that enables seamless interoperability between blockchain ecosystems, applications, and users. Its comprehensive suite of protocols, tools, and APIs dismantles barriers to cross-chain communication, empowering developers to create innovative solutions across multiple blockchain networks effortlessly.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Canada)

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SB Score:448

Odyssey Interactive, a Canadian Game Development studio, creates immersive games that bring players to life. Their mission is to craft experiences that captivate and engage, shaping the future of interactive entertainment.

Industry:
Social & Leisure
Subindustry:
Games

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SB Score:442

Robotiq's goal is to automate mundane tasks, allowing businesses and employees to concentrate on activities that drive value.

Industry:
Hardware & IoT
Subindustry:
Robotics

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SB Score:426

Hive is a dynamic customer data and email platform that empowers brands to personalize and automate their marketing campaigns. By harnessing Hive's innovative technology, brands can increase sales, improve customer satisfaction, and drive greater engagement and spending.

Industry:
Software & Data
Subindustry:
Data Analytics

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SB Score:411

Mappedin is the top platform for managing indoor spatial data, creating digital maps for venues, and developing exceptional indoor mapping experiences.

Industry:
Software & Data
Subindustry:
Software and Data-Other

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SB Score:404

TextNow provides a free cell phone service alternative, offering users their own phone number to text and call over WiFi on various devices. With millions of active users in the US and Canada, the profitable company has a team of 22 employees. Visit TextNow.com for more information.

Industry:
Software & Data
Subindustry:
Apps

National Rank (Canada)

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Total amount:157

Top 56 Software & Data Startups in Waterloo for 2025

The top three Software & Data startups in Waterloo have raised more than USD 149M. Waterloo is part of Kitchener Waterloo which ranks #75 globally for the Software & Data industry.
SB Score:539

Auvik simplifies network management with its cloud-based platform. Users can easily monitor and manage their networks from anywhere, ensuring seamless connectivity and optimal performance.

Industry:
Software & Data
Subindustry:
Cloud

National Rank (Canada)

0

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Regional Rank (North America)

0

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SB Score:474

Dejero Labs provides innovative network aggregation technology for broadcast and media companies, ensuring seamless and reliable connectivity. Their solutions empower organizations with dependable communication capabilities, driving efficiency and productivity in the industry.

Industry:
Software & Data
Subindustry:
Cloud

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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SB Score:466

Plum provides enterprise organizations with the necessary tools to effectively recruit, train, and utilize their workforce. By leveraging advanced data and technology, Plum helps businesses optimize their talent management processes for maximum efficiency and success.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Canada)

0

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Regional Rank (North America)

0

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0

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Total amount:56

Top 12 Edtech Startups in Waterloo for 2025

The top three Edtech startups in Waterloo have raised more than USD 253M. Waterloo is part of Kitchener Waterloo which ranks #24 globally for the Edtech industry.
SB Score:659

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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SB Score:460

Uvaro is a career success platform empowering professionals to achieve fulfilling careers through personalized guidance and resources.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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0

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0

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SB Score:382

DigitalEd offers cloud-based software for online science, engineering, and math courses. Providing innovative education solutions, the platform caters to a variety of subjects and simplifies the learning process.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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Regional Rank (North America)

0

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0

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Total amount:12

Top 18 Hardware & IoT Startups in Waterloo for 2025

The top three Hardware & IoT startups in Waterloo have raised more than USD 110M. Waterloo is part of Kitchener Waterloo which ranks #74 globally for the Hardware & IoT industry.
SB Score:442

Robotiq's goal is to automate mundane tasks, allowing businesses and employees to concentrate on activities that drive value.

Industry:
Hardware & IoT
Subindustry:
Robotics

National Rank (Canada)

0

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Regional Rank (North America)

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SB Score:380

VueReal is revolutionizing electronic systems by integrating high-efficiency nano/micro-devices into large-area substrates. Their cutting-edge technology paves the way for the next generation of electronics.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

National Rank (Canada)

0

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SB Score:373

Sera4, a cybersecurity firm, protects computer systems and networks. Specializing in security solutions, they safeguard against cyber threats.

Industry:
Hardware & IoT
Subindustry:
Hardware

National Rank (Canada)

0

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Regional Rank (North America)

0

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Total amount:18

Most Funded Startups in Waterloo for 2025

The top three most funded startups in Waterloo have raised total funding of more than USD 349M. Top Hat has 2.53% more funding than Axelar Network.
SB Score:659

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:449

Axelar is a cutting-edge cross-chain communication platform that enables seamless interoperability between blockchain ecosystems, applications, and users. Its comprehensive suite of protocols, tools, and APIs dismantles barriers to cross-chain communication, empowering developers to create innovative solutions across multiple blockchain networks effortlessly.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:380

VueReal is revolutionizing electronic systems by integrating high-efficiency nano/micro-devices into large-area substrates. Their cutting-edge technology paves the way for the next generation of electronics.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

National Rank (Canada)

0

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Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

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Total amount:157

Top Hiring Startups in Waterloo by Employee Number

The top three hiring startups in Waterloo have an median employee size that is between [10001+]
SB Score:393

A pioneering in Enterprise Information Management, OpenText empowers organizations to efficiently manage and leverage their data. From data storage to analysis, OpenText provides cutting-edge solutions for businesses to optimize their information management processes.

Industry:
Marketing & Sales
Subindustry:
Content Marketing

National Rank (Canada)

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SB Score:166

Elucid Labs is a MedTech company that develops an advanced augmented intelligence imaging solution for the early detection and diagnosis of skin cancer. Their proprietary technology analyzes the molecular composition of skin at various depths, creating a unique fingerprint for each mole or lesion.

Industry:
Healthtech
Subindustry:
Health Care

National Rank (Canada)

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Regional Rank (North America)

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Descartes leads the market in delivering on-demand software solutions to enhance productivity. Their focus is on providing engaging and error-free services to help businesses thrive.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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SB Score:659

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

Browse
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Total amount:157

Explore the Startup Ecosystem of Waterloo

National Rank

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5th

0

Regional Rank

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35th

6

Global Rank

(WorldWide)

90th

14

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