Fundraising FoxScale AI
Government fundMontreal · Seed–Late Stage · 1 people tracked
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Investment thesis
Scale AI focuses on accelerating the real-world integration of AI across business sectors in Canada. It funds three types of initiatives: industry-led projects that fast-track AI adoption and commercialization within value chains, training programs to build AI and digital skills among professionals, and an Acceleration program that provides funding to help AI startups and SMEs grow. The organization emphasizes practical, applied AI that demonstrates current capabilities rather than future promise, and reports over $500 million in collective investment across companies deploying AI to strengthen their value chains.
Source: firm website, verified Aug 3, 2026.
Team · 1 people
from curated
What they invest in
from 10 of 21 portfolio companiesAI & Machine Learning ×6Deep Tech ×4EdTech ×3Future of Work ×3Enterprise Software ×2Impact & Social Good ×2Advanced Manufacturing ×1Cleantech ×1
HQs:Canada×9United States×1
Investments · 21 tracked
founders shown can be your intro path
ALL IN is an annual AI conference held in Montreal, Canada, bringing together thousands of decision-makers, startups, investors, researchers, and industry leaders from the Canadian and international AI ecosystems.
AI & Machine LearningMedia & EntertainmentMontreal, CA
CEIM (Centre d'entreprises et d'innovation de Montréal) is a technology incubator and accelerator that provides advisory services to innovative startups in areas such as financing, market validation, commercialization, and international business development.
Sector AgnosticMontreal, CA
Hélène Desmarais(Chairwoman of the Board & CEO)
Creative Destruction Lab (CDL) is a global startup program for seed-stage, science-based companies that pairs founders with experienced entrepreneurs, angel investors, economists, and scientists through an objectives-based mentoring process.
AI & Machine LearningDeep TechEdTechSector AgnosticToronto, CA
Ajay Agrawal(Professor (founder of the CDL program))inSonia Sennik(Chief Executive Officer)in
Co-investorsBeyond Earth VenturesHEC Paris IncubatorUniversity System of Maryland Momentum Fund
Toronto Metropolitan University is an academic institution focused on combining academic excellence with real-world impact, emphasizing experiential learning, research that addresses societal challenges, and fostering innovation and entrepreneurship.
EdTechFuture of WorkToronto, CA
Co-investorsDMZDMZ Ventures
The Holt Xchange is a fintech-focused venture fund and investment platform that uses a data-driven approach and a network of venture partners to invest in and scale early-stage fintech companies.
Fintech
Jan Arp(Founding General Partner)in
BoardBrendan Holt Dunn(Founding Investor)
Co-investorsHOLT Xchange / Holdun Family Office
Ayrton Energy develops liquid organic hydrogen carriers using electrolysis to enable safe storage and transport of hydrogen through existing fuel infrastructure, reducing costs by up to 50 percent.
CleantechDeep TechEnergyImpact & Social GoodSector AgnosticToronto, CA
Natasha KostenukBrandi Kinkead
Co-investorsSOSVClimate InvestmentMaRS Investment Accelerator Fund (IAF)
May Mobility develops multi-policy decision-making technology for autonomous vehicles that processes real-time sensor data to analyze driving scenarios and optimize safety.
Advanced ManufacturingAI & Machine LearningMobility & TransportationRoboticsAnn Arbor, US
Edwin Olson(CEO)inDr. Edwin Olson(CEO and Founder)inAlisyn Malek(COO)Steve Vozar(Founder)
Co-investorsMillennium New Horizons1843 CapitalATEL VenturesBase Venture Management, Inc.BMW i VenturesExpansion Venture Capital+29 more
Propel is an accelerator and startup support organization that provides coaching and mentorship to founders across various sectors, helping them apply lean startup frameworks and customer discovery processes.
Developer ToolsEnterprise SoftwareFuture of WorkImpact & Social GoodSaaSSaint John, CA
Curtis HoweJeff WhiteDerek(Startup Coach)Richard(Startup Coach)Julien(Startup Coach)Kyle(Startup Coach)
Co-investorsEast Valley Ventures
ventureLAB offers an Investment Readiness program consisting of cohort-based learning and personalized advisory services designed to help Canadian hardtech and deeptech founders prepare for and execute capital raises.
AI & Machine LearningDeep TechHardwareSemiconductorsMarkham, CA
Volta is an AI-focused community hub and accelerator based in Halifax that supports founders and builders across Atlantic Canada through networking events, mentorship, and residency programs.
AI & Machine LearningEdTechEnterprise SoftwareFuture of WorkHalifax, CA
Co-investorsACTivate CapitalAutotech VenturesGE VenturesIdinvest PartnersNVIDIAVirgo Investment Group
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Accelerate AI (ventureLAB)Corporate Innovation ProgramLE CAMPPropulsionScale AI QuebecSupply AI ProgramSupply Chain AISupply Chain AI WestSupply Chain StreamThe Holt Xchange
Portfolio news
latest coverage across their companiesCEIM · ceim.org · Jun 17, 2026
Frequently asked questions
- How many investments has Scale AI made?
- Scale AI has 21 tracked investments.
- What stage does Scale AI invest at?
- Scale AI invests at the Seed, Series A, Late Stage stages.
- What sectors does Scale AI focus on?
- Scale AI focuses on AI & Machine Learning, Sector Agnostic.
- Where is Scale AI located?
- Scale AI is headquartered in Montreal, CA.
- Who does Scale AI co-invest with?
- Scale AI most often shares deals with Beyond Earth Ventures, DMZ, DMZ Ventures, among 9 tracked co-investors.
Media · Podcasts & interviews
from their channelPlanning for Success: Scale AI’s Framework for Evaluating AI Projects
Scale AI
The Secret Sauce Problem: Talking About AI Without Giving It Away
Scale AI
Scale AI @ ALL IN 2025 | Patents That Matter: How to Decide if It’s Worth Protecting
Scale AI
Scale AI @ ALL IN 2025 | Back to the future of Canadian AI: 6 years of Scale AI
Scale AI
VivaTech 2025: Canada’s AI is Open for Business
Scale AI
Q&A Session - Call for Projects STEM
Scale AI
Images
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