October 2026
Largest DeepTech Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Xanadu, Kraken Robotics, POET Technologies, Neo Performance Materials and Hydrograph Clean Power.
 | Xanadu Quantum Technologies Inc specializes in designing photonic devices and the platforms around them, including the experimentation and development of quantum computers available on the cloud with supporting software, along with quantum simulators and other related products and offerings. | $4 | -- | $1.3B | $1000M | 302.8x | (21.5x) | ||
| Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. The company operates in the business segments of Products segment, which is the design, manufacture, and sale of equipment, including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and the Services segment, which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. The company generates the majority of its revenue from the Products segment. | $3 | -28% | $1.2B | $1.2B | 16.6x | 123.9x | ||
| POET Technologies Inc is a design and development company offering high-speed optical engines, light source products, and custom optical modules to the artificial intelligence systems market and hyperscale data centers. Its integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing, and sensing applications. The company operates geographically in the United States, Canada, Singapore and China. | $7 | +31% | $1.2B | $430M | 399.9x | (7.2x) | ||
| Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others. | $20 | +42% | $906M | $972M | 2.0x | 44.4x | ||
| Hydrograph Clean Power Inc is engaged in the acquisition and development of graphene and hydrogen-related products and services. The company's products include Fractal graphene and Reactive Graphene. | $2 | -20% | $812M | $774M | 17987.8x | (98.7x) | ||
| Quantum eMotion Inc is dedicated to developing of a new generation of quantum-safe encryption for the quantum computing age. It is a developer of a new generation of cryptographic solutions under the acquisition of licenses. It allows clients and partners to develop secure quantum-safe encryption that can protect anything from consumer and enterprise devices like mobile phones, computers, the Internet of Things, and networking equipment to demanding cloud-based applications, servers, and military devices. | $2 | -- | $341M | $317M | 40378.9x | (40.9x) | ||
| Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction. Geographically, the company generates maximum revenue from the United Kingdom and the rest from the United States, Canada, and other regions. | $3 | -27% | $290M | $197M | 1.3x | (7.9x) | ||
| Volatus Aerospace Inc. is a leader in globalized aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using piloted and remotely piloted aircraft systems (RPAS or drones). It is committed to enhancing operational efficiency, safety, and sustainability through innovation, real-world aerial solutions. | $0 | -18% | $284M | $258M | 10.7x | (32.4x) | ||
| Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world. The majority of the revenue comes from the United States. | $2 | +157% | $284M | $328M | 2.1x | (8.8x) | ||
| enGene Holdings Inc is a clinical-stage biotechnology company mainstreaming genetic medicine through the delivery of therapeutics to mucosal tissues and other organs, with the goal of creating new ways to address diseases with high clinical needs, beginning with non-muscle invasive bladder cancer (NMIBC). The Company is developing non-viral gene therapies based on its novel and proprietary dually derived chitosan, or DDX, gene delivery platform, which allows localized delivery of multiple gene cargos directly to mucosal tissues and other organs. | $2 | -75% | $120M | - | - | - | ||
| Xtract One Technologies Inc is a technology-driven company focused on AI-powered physical security solutions. The principal business of the company is the development and commercialization of an integrated, layered, AI powered threat detection gateway solutions to enhance public health and safety. The main revenue streams of the company are the upfront commercial sales and subscription sales. Its Geographic segments include the United States, Japan, Canada, France, and the United Kingdom, with the majority of the revenue being generated from the United States. | $0 | -41% | $97M | $86M | 8.9x | (12.7x) | ||
| NetraMark Holdings Inc provides AI-powered insights and software solutions to optimize clinical trial design and outcomes for pharmaceutical sponsors. The company offers AI solutions to trial sponsors, CROs, and biotechnology companies across the globe. It earns revenue from its proprietary NetraAI platform, an advanced machine learning system purpose-built to analyze complex clinical trial data and identify meaningful patient subpopulations. | $0 | -46% | $44M | $42M | 137.1x | (11.4x) | ||
| Sona Nanotech Inc. is a nanotechnology life sciences company, which is engaged in developing targeted hyperthermia therapy. The Company has developed multiple methods for the manufacturing of various types of gold nanoparticles (GNR). It is engaged in research and development of its technology for use in multiplex diagnostic testing platforms and various biomedical applications. The company's product includes Gemini and Saliva tests. | $0 | -- | $27M | $27M | - | (15.7x) | ||
| Acceleware Ltd is a developer of electromagnetic heating technologies delivering next-generation radio frequency (RF) power-to-heat solutions for large-scale industrial applications. Its technologies are designed to reduce energy use and heating costs, while enabling meaningful decarbonization. The company’s patented, Clean Tech Inverter is being applied to improve efficiency and lower costs in amine regeneration. It is also in development with potash producers to economically decarbonize ore drying and other critical mineral processes. RF XL, the company’s low-cost, low-carbon RF thermal recovery technology that promises to increase and accelerate heavy oil production for operators. | $0 | +13% | $9M | $10M | 19.9x | (13.6x) | ||
| Cymat Technologies Ltd is a materials technology company that manufactures and sells stabilized aluminum foam (SAF) products to various countries. Its proprietary technology produces lightweight, porous aluminum foam that offers energy absorption, thermal and acoustic insulation, and blast mitigation. Its products are used in the automotive and industrial markets. Cymat serves automotive, architecture, defense, and general industrial sectors by providing customizable aluminum foam solutions. Revenue arises mainly from the sale of SAF based on customer contracts. Geographically Europe and UK generates majority of its revenue. | $0 | -20% | $6M | $11M | 8.4x | (5.8x) | ||
| Mary Agrotechnologies Inc is engaged in the development and distribution of automated home-growing machines and commercial systems for cultivating herbs and vegetables under controlled conditions. Its technology integrates artificial intelligence to optimize plant growth and simplify cultivation for consumers. The company also focuses on the design, establishment, and operation of container farms for commercial applications. Its offerings include the Mary Model Z, a fully automated single-plant enclosure designed to support indoor cultivation by providing climate control and automated care. | $0 | -- | $608K | $607K | ||||
| Median | $2 | -20% | $284M | $258M | 16.6x | (12.2x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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