BDC Capital

Founded in 1953, BDC Capital is a Canadian investment firm specializing in growth and expansion financing. It focuses on information technology, technology, energy, cleantech, and healthcare sectors across Canada.

Dinar Ahmed

Principal

Réjean Asselin

Assistant Vice President, Portfolio Management - Growth and Transition Capital

Lenka Baloghova

Associate

Amine Benmoussa

Associate Director

Disha Bhargav

Associate

Past deals in Industrial Automation

Xaba

Seed Round in 2025
Xaba is a company focused on developing automated technology for sustainable manufacturing. It specializes in creating innovative processes, control systems, and materials that facilitate automation in manufacturing environments. By leveraging artificial intelligence, Xaba aims to enhance the performance and quality of produced goods while providing industries with safe and efficient manufacturing options. The company's solutions are designed to enable manufacturers to adopt sustainable practices, thereby improving overall operational efficiency and contributing to environmentally friendly production methods.

Forcen

Series A in 2024
Forcen develops and manufactures force-sensing film for various industries, including surgical robotics, industrial robotics, and aerospace. Its film can be integrated into parts or assemblies of devices in these sectors, providing real-time force feedback. Founded in 2015, the company is headquartered in Toronto, Canada.

Xaba

Seed Round in 2024
Xaba is a company focused on developing automated technology for sustainable manufacturing. It specializes in creating innovative processes, control systems, and materials that facilitate automation in manufacturing environments. By leveraging artificial intelligence, Xaba aims to enhance the performance and quality of produced goods while providing industries with safe and efficient manufacturing options. The company's solutions are designed to enable manufacturers to adopt sustainable practices, thereby improving overall operational efficiency and contributing to environmentally friendly production methods.

4AG Robotics

Series A in 2023
4AG Robotics develops robotics and vision systems that automate repetitive, hazardous tasks across industrial and agricultural settings. Its solutions improve throughput, quality, and safety in sectors such as food, medical devices, transportation, forestry, and mushroom farming, where robots perform picking, trimming, and packaging. The company focuses on vision‑guided automation to increase yields and operational efficiency.

Ambyint

Venture Round in 2023
Founded in 2004, Ambyint specializes in artificial lift optimization solutions for the oil and gas industry. Its flagship product, the Ambyint Production Optimization Platform, combines advanced physics-based analytics with AI to automate operations, enhance production, reduce operating costs, and predict failures across various well types.

Veerum

Series B in 2023
Veerum Inc., founded in 2014, is a Calgary-based company specializing in Industrial Internet of Things (IIoT) solutions. It develops an AI-driven platform that predicts and resolves project issues throughout the lifecycle of design, fabrication, and construction. Veerum creates digital replicas of physical capital projects using sensor technology.

Xaba

Seed Round in 2023
Xaba is a company focused on developing automated technology for sustainable manufacturing. It specializes in creating innovative processes, control systems, and materials that facilitate automation in manufacturing environments. By leveraging artificial intelligence, Xaba aims to enhance the performance and quality of produced goods while providing industries with safe and efficient manufacturing options. The company's solutions are designed to enable manufacturers to adopt sustainable practices, thereby improving overall operational efficiency and contributing to environmentally friendly production methods.

DarwinAI

Series A in 2022
DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

Intelligent City

Series A in 2022
Intelligent City is a Vancouver-based housing technology company that designs and constructs urban multi-family housing using a fully integrated platform that combines design, architecture, engineering and fabrication. It employs mass timber, automated manufacturing and proprietary parametric software to enable mass customization with low unit costs, delivering affordable, durable and sustainable housing for urban environments. The platform supports energy performance optimization including passive house standards and aims to address urban affordability, sustainability and resident needs. Founded in 2008, the company focuses on scalable urban housing solutions with emphasis on longevity and environmental and social sustainability.

Vention

Series C in 2022
Vention is a cloud-based digital manufacturing platform that enables engineers and manufacturing professionals to design, order, and assemble custom factory equipment in days. It features a 3D Machine Builder with a library of modular structural, motion, and control components, including T-slot aluminum extrusion systems, and supports design, simulation, and ordering directly in a web browser. Its AI-enabled 3D constraints help optimize layouts and ensure feasible configurations, while the platform integrates design, programming, simulation, ordering, and commissioning in a single digital environment. Vention serves both experienced automation specialists and first-time designers, streamlining the creation of automated equipment for applications such as robot cells, tooling, conveyors, and other factory automation.

Smart Skin Technologies

Venture Round in 2021
Smart Skin Technologies Inc. is a technology development company founded in 2009 and headquartered in Fredericton, Canada, with an additional office in Munich, Germany. The company specializes in the development and commercialization of innovative pressure-sensitive skin technology. Its flagship product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation across various packaging formats, including glass, cans, and PET. Smart Skin Technologies is also focused on advancing its patent-pending pressure sensing technology for applications in industrial settings and sports, showcasing the versatility and potential of its unique touch-sensitive materials across multiple verticals.

Novarc Technologies

Debt Financing in 2021
Novarc Technologies Inc. is a Vancouver-based company specializing in the design and manufacture of collaborative robots for industrial applications, particularly in pipe welding. Founded in 2013, Novarc has established itself as a pioneer in this field, offering innovative solutions such as the Spool Welding Robot, which is uniquely tailored for high-mix low-volume production in pipe welding. The company also provides welding head-up display glasses and custom robotic solutions applicable in various sectors, including food and beverage, as well as pick and place and palletizing tasks. With a dedicated team of engineers and scientists, Novarc Technologies focuses on addressing complex industrial automation challenges through advanced robotics and artificial intelligence systems.

Weever

Venture Round in 2021
Weever Apps is a technology company that specializes in providing operations management solutions aimed at automating administrative tasks and enhancing productivity in manufacturing environments. The company offers software that digitizes processes, electronic forms, and inspections, effectively replacing traditional paper-based systems. By streamlining data-intensive tasks such as training and inspections, Weever's platform allows businesses to simplify workflows and optimize the performance of frontline employees. This digitization not only helps in tracking essential results but also enables organizations to unlock their operational potential through efficient workflow automation.

Canvass AI

Series A in 2020
Canvass AI offers an AI-driven platform tailored for Industrial Operations. It empowers operators to enhance product quality, optimize processes, and reduce energy consumption in their daily tasks.

Invixium

Series C in 2020
Invixium Inc., founded in 2012 and based in Markham, Canada, is a global provider of biometric solutions designed to enhance safety, health, security, and productivity for enterprises. The company offers a range of products including Ixm Mycro for personalized home environments, Ixm Touch for employee time tracking, IXM Titan for face recognition and edge computing, IXM Merge for indoor fingerprint tracking, and Ixm Sense for industrial installations. Invixium's solutions also include touchless biometric technologies with face recognition and temperature detection for access control, workforce management, and visitor screening. The company's products are deployed across various industries such as government, banking, healthcare, and education in over 60 countries.

Praemo

Venture Round in 2020
Praemo Inc. is a Canadian company based in Kitchener, founded in 2017, that specializes in developing detection technology for the industrial sector. Its primary product, Razor, is an analytics engine that integrates artificial intelligence and the Industrial Internet of Things (IIoT) to analyze operational data and deliver actionable insights. Praemo's technology is designed to identify abnormal equipment and process behavior, enabling organizations in manufacturing, automotive, consumer packaged food, aerospace, oil and gas, mining, and agriculture to predict and prevent disruptions in their operations. By leveraging its expertise and advanced analytics, the company helps its clients transform data into strategic recommendations, thus enhancing their operational efficiency and competitiveness in a data-driven market.

Avidbots Corp.

Series B in 2019
Avidbots Corp., founded in 2014 and based in Ottawa, Canada, develops autonomous commercial floor cleaning robots. Its flagship product, NEO, uses laser mapping technology to efficiently clean various spaces such as airports, retail malls, hospitals, and warehouses across seven countries.

Ace services mécaniques

Convertible Note in 2019
ACE Services Mécaniques Inc. is a company based in Val d'Or, Canada, specializing in mobile mechanical services for heavy equipment. Founded in 2010 by Sébastien Bédard and Pascal Rochette, the company leverages over 20 years of combined experience in various sectors, including mining and machinery dealerships. ACE offers a range of services that include on-site mechanical repairs, hydraulic hose repair, and welding services, thereby ensuring that clients can maintain and troubleshoot their heavy equipment effectively. The company's focus is on enhancing the productivity of its clients' operations through reliable and efficient service delivery. With a vision to become Quebec’s leading general service provider for heavy equipment, ACE is steadily progressing towards this goal.

Solid State AI

Seed Round in 2019
Solid State AI develops a software as a service platform for advanced manufacturing, enabling process and equipment engineers to increase yields, optimize process parameters, and reduce maintenance costs and downtime. The platform uses hybrid quantum-classical machine learning to predict production lines and dynamically optimize parameters to adapt to changing environments, improving product quality and plant revenue while allowing engineers to focus on high-value tasks. It is particularly effective on sparse or noisy data with limited datasets.

Eigen Innovations

Venture Round in 2018
Eigen Innovations Inc. is a Canadian technology company that develops artificial intelligence–driven vision analytics and process control solutions for industrial manufacturers. Its flagship platform, Intellexon, captures video and sensor data from production lines and uses machine learning to identify defects, recommend optimal machine settings, and generate standardized digital inspection records. The company’s OneView software aggregates these records, enabling factory teams to introduce automation, analyze root causes of defects, and reduce recurrence. Eigen Innovations serves sectors such as automotive, food processing, construction materials, and mining, helping clients deploy inline inspection systems that improve quality, predict outcomes, and lower operational risk.

Canvass AI

Seed Round in 2018
Canvass AI offers an AI-driven platform tailored for Industrial Operations. It empowers operators to enhance product quality, optimize processes, and reduce energy consumption in their daily tasks.

Delco Automation

Venture Round in 2018
Delco Automation is a manufacturer specializing in appliances, electrical systems, and electronics, with a strong focus on process automation and control systems. The company serves various industries, including water and wastewater, integrated security, ethanol, energy, and oil and gas. Delco Automation offers a range of services, such as automation integration, control systems, and telecommunications, along with specialized products like loop tuning instruments and electrical panels. Their commitment to custom-engineered solutions ensures that clients receive tailored products for process control and water treatment, delivered on time and within budget.

Kinova Robotics

Venture Round in 2017
Kinova Inc. is a robotics technology company based in Boisbriand, Canada, founded in 2006. The company specializes in designing and manufacturing robotic components, including robotic arms, actuators, and grippers, along with related software. Kinova operates under two primary business units: Assistive Robotics, which focuses on empowering individuals with disabilities to overcome their limitations, and Service Robotics, aimed at enhancing efficiency and safety in industrial environments. Through its innovative platforms and applications, Kinova seeks to improve the quality of life for people with disabilities while also providing solutions for various medical and industrial markets.

A&K Robotics

Seed Round in 2017
A&K Robotics Inc. is a Canadian company based in Vancouver, founded in 2015, that specializes in designing and building advanced robotic systems. The company focuses on developing intelligent navigation systems that enable robots to work collaboratively with humans. A&K Robotics also creates electric micro-mobility platforms and self-driving robotic pods, which aim to enhance mobility in large facilities such as airports, malls, and museums, as well as in crowded urban environments. By pushing the boundaries of robotics technology, A&K Robotics seeks to improve quality of life and promote environmental sustainability through innovative real-life applications.

Canvass AI

Seed Round in 2017
Canvass AI offers an AI-driven platform tailored for Industrial Operations. It empowers operators to enhance product quality, optimize processes, and reduce energy consumption in their daily tasks.

Novarc Technologies

Seed Round in 2017
Novarc Technologies Inc. is a Vancouver-based company specializing in the design and manufacture of collaborative robots for industrial applications, particularly in pipe welding. Founded in 2013, Novarc has established itself as a pioneer in this field, offering innovative solutions such as the Spool Welding Robot, which is uniquely tailored for high-mix low-volume production in pipe welding. The company also provides welding head-up display glasses and custom robotic solutions applicable in various sectors, including food and beverage, as well as pick and place and palletizing tasks. With a dedicated team of engineers and scientists, Novarc Technologies focuses on addressing complex industrial automation challenges through advanced robotics and artificial intelligence systems.

Proxxi

Seed Round in 2017
Proxxi develops wearable technology for industrial workers to enhance electrical safety. Its flagship product, Proxxiband, warns users of approaching electric fields via vibrations and records safety data using smartphones. Established in 2015, the company is headquartered in Vancouver, Canada.

Bit Stew Systems

Series C in 2016
Bit Stew Systems Inc. provides a data intelligence platform for industrial sectors such as utilities, oil and gas, aviation, and manufacturing. It develops MIx Core, a platform that addresses data integration for the industrial Internet of Things, offering machine intelligence, edge analytics, dynamic adapters, semantic modeling, and a pluggable architecture. Founded in 2005 and based in Burnaby, Canada, the company operates with additional locations in Mountain View, California; Melbourne, Australia; Madrid, Spain; and London, United Kingdom. The platform supports real-time analytics and dynamic event management, enabling seamless integration of information technology and operational technology systems. It helps organizations collect, manage, and analyze data from connected devices and industrial processes to improve visibility and operational insight across disparate sources.

Eigen Innovations

Venture Round in 2016
Eigen Innovations Inc. is a Canadian technology company that develops artificial intelligence–driven vision analytics and process control solutions for industrial manufacturers. Its flagship platform, Intellexon, captures video and sensor data from production lines and uses machine learning to identify defects, recommend optimal machine settings, and generate standardized digital inspection records. The company’s OneView software aggregates these records, enabling factory teams to introduce automation, analyze root causes of defects, and reduce recurrence. Eigen Innovations serves sectors such as automotive, food processing, construction materials, and mining, helping clients deploy inline inspection systems that improve quality, predict outcomes, and lower operational risk.

Validere

Seed Round in 2016
Validere Technologies Inc. is a Toronto-based company that specializes in providing critical information about liquids through innovative measurement, reporting, and verification solutions. Founded in 2015, Validere develops portable devices, including the Validere Identifier, which assesses the hazardous nature of liquids by referencing a comprehensive library. Additionally, the company offers EDGE Connect, a platform that facilitates secure connections between buyers and sellers, enabling the discovery of arbitrage opportunities. Validere's main focus is on liquid fingerprinting, industrial process monitoring, and optimizing logistics within the energy sector. By delivering accessible and verifiable testing data, Validere aids organizations in making informed business decisions and enhances the accuracy of crude oil testing, ensuring accountability and quality across operations. The company's expertise in emissions management and tracking further positions it as a valuable partner for energy companies seeking to improve their financial and environmental performance.

Invixium

Series A in 2016
Invixium Inc., founded in 2012 and based in Markham, Canada, is a global provider of biometric solutions designed to enhance safety, health, security, and productivity for enterprises. The company offers a range of products including Ixm Mycro for personalized home environments, Ixm Touch for employee time tracking, IXM Titan for face recognition and edge computing, IXM Merge for indoor fingerprint tracking, and Ixm Sense for industrial installations. Invixium's solutions also include touchless biometric technologies with face recognition and temperature detection for access control, workforce management, and visitor screening. The company's products are deployed across various industries such as government, banking, healthcare, and education in over 60 countries.

Bit Stew Systems

Series B in 2015
Bit Stew Systems Inc. provides a data intelligence platform for industrial sectors such as utilities, oil and gas, aviation, and manufacturing. It develops MIx Core, a platform that addresses data integration for the industrial Internet of Things, offering machine intelligence, edge analytics, dynamic adapters, semantic modeling, and a pluggable architecture. Founded in 2005 and based in Burnaby, Canada, the company operates with additional locations in Mountain View, California; Melbourne, Australia; Madrid, Spain; and London, United Kingdom. The platform supports real-time analytics and dynamic event management, enabling seamless integration of information technology and operational technology systems. It helps organizations collect, manage, and analyze data from connected devices and industrial processes to improve visibility and operational insight across disparate sources.

Smartpods

Venture Round in 2015
Smartpods is a Canadian company founded in 2014 that specializes in manufacturing innovative office workstations designed to enhance employee health and productivity. These workstations are unique in their ability to automatically adjust in height and position, moving up, down, left, and right at predetermined rates and intervals. This intelligent automation allows users to transition seamlessly between sitting and standing, while also shifting their position periodically throughout the workday. By doing so, Smartpods aims to mitigate the negative effects associated with prolonged sedentary behavior, thereby improving overall employee wellness and satisfaction. The technology is user-friendly, requiring minimal input from the user, as it operates based on individual data to optimize the workstation's movements.

Vizimax

Series A in 2012
Vizimax Inc. is a manufacturer of automation and energy-related solutions for medium and high voltage electrical system operators. Based in Longueuil, Canada, the company develops a range of products including the RightWON automation controller system, controlled switching devices for enhanced stability and reliability of electric systems, and Analog Merging Units that convert analog signals into digital values for transmission over Ethernet LANs. Vizimax also offers the Versa product for substation automation and protection, along with training and field configuration services. The company serves a diverse clientele, including electric utilities, renewable energy producers, heavy industries, transportation sectors, and water and wastewater markets, both in Canada and internationally. Established in 1988 and rebranded in 2009, Vizimax focuses on modernizing the electric grid and reducing network outages through automation, thereby facilitating the integration of renewable energy sources like wind and solar power into the grid.

Smartpods

Seed Round in 2012
Smartpods is a Canadian company founded in 2014 that specializes in manufacturing innovative office workstations designed to enhance employee health and productivity. These workstations are unique in their ability to automatically adjust in height and position, moving up, down, left, and right at predetermined rates and intervals. This intelligent automation allows users to transition seamlessly between sitting and standing, while also shifting their position periodically throughout the workday. By doing so, Smartpods aims to mitigate the negative effects associated with prolonged sedentary behavior, thereby improving overall employee wellness and satisfaction. The technology is user-friendly, requiring minimal input from the user, as it operates based on individual data to optimize the workstation's movements.

Nexterra

Venture Round in 2011
Nexterra is a manufacturer of advanced gasification systems designed for thermal and cogeneration applications. The company specializes in enabling industrial and institutional facilities to self-generate clean and cost-effective heat and power using waste fuels, particularly renewable biomass such as wood waste. Nexterra's systems are characterized by their lower operational costs, design simplicity, reliability, and versatility, along with automated control systems that ensure ultra-low emissions compared to traditional combustion methods. In an environment of rising energy prices, Nexterra's technology provides customers with the opportunity to improve operating margins while reducing their reliance on fossil fuels and grid electricity, ultimately contributing to a significant reduction in carbon footprints.

GridPoint

Series A in 2006
GridPoint specializes in comprehensive energy management solutions. It offers hardware for monitoring energy endpoints like HVAC and lighting systems, along with a cloud-based software platform for real-time data collection and analytics. The company serves various industries such as retail, commercial buildings, and government institutions, helping them optimize energy usage and reduce costs.

Microbridge Technologies Canada

Series B in 2005
Microbridge Technologies Canada Inc. is a manufacturer of electronic calibration products and solutions catering to the consumer, automotive, and medical sectors. Established in 1999 and headquartered in Montreal, Canada, the company also maintains offices in Boston and San Jose. Its product offerings include a variety of sensors, such as linear analog-conditioned low differential air pressure sensors and micro flow sensors, as well as sensor conditioners featuring Rejustors. The Rejustor is an electrically adjustable resistor designed for in-circuit calibration and compensation of analog circuits and systems. These products find applications in diverse fields, including HVAC systems, medical devices like CPAP machines, and blood pressure monitors. Microbridge Technologies distributes its products through a network of distributors, emphasizing its commitment to quality and precision in electronic calibration.

Optessa

Seed Round in 2005
Optessa Inc. is a software development company that specializes in providing web-based solutions for optimized planning, scheduling, and sequencing in the manufacturing sector. Founded in 2001 and headquartered in Edmonton, Canada, with additional offices in Red Bank, New Jersey, and Pune, India, Optessa offers several key products, including Optessa MLP for multi-plant demand and capacity planning, Optessa MLS for assembly line sequencing, and Optessa RTS for real-time scheduling tailored to automated environments. These solutions cater to a diverse range of industries, including automotive, semiconductor, industrial equipment, and consumer goods. Optessa's technology is designed to facilitate seamless integration of planning and scheduling processes, ensuring that production rules are adhered to and that all relevant capacities and requirements are considered for effective order fulfillment. The company emphasizes the use of its patented solver, which evaluates the entire solution space to deliver optimal outcomes.

Sciemetric Instruments

Venture Round in 2002
Sciemetric Instruments Inc. is a leader in the development of software and systems for quality control in manufacturing, specializing in manufacturing intelligence solutions that help detect and analyze defects. Founded in 1981 and based in Ottawa, Canada, the company offers a range of products including Qualityworx, a process management software; sigPOD, an in-station monitoring platform; and various specialized systems for leak testing, torque monitoring, and sound analysis. Sciemetric's technology is designed to provide real-time insights into manufacturing processes, enabling clients to enhance yield, improve quality, and reduce costs. The company serves diverse sectors, including automotive and medical devices, and operates globally with offices in the United States, India, China, and the United Kingdom. With over 30 years of experience, Sciemetric has established a strong reputation for its innovative solutions that contribute to the advancement of Industry 4.0 technologies.

Xantrex Technology

Venture Round in 1997
Xantrex Technology Inc., based in Burnaby, Canada, specializes in the design, engineering, development, and manufacture of advanced power electronic products and systems tailored for mobile power markets. The company offers a range of products including power inverters, inverters/chargers, battery chargers, and backup power solutions, as well as system monitoring devices and accessories. These products are utilized in various applications such as recreational and marine vehicles, heavy-duty trucks, custom and fleet power solutions, buses, and specialty vehicles, in addition to military and construction markets. Xantrex's offerings also include standalone portable power systems. The company distributes its products through a network of dealers in North America and serves customers globally. Founded in 1983, Xantrex operates as a subsidiary of Mission Critical Electronics, LLC.

Veerum

Veerum Inc., founded in 2014, is a Calgary-based company specializing in Industrial Internet of Things (IIoT) solutions. It develops an AI-driven platform that predicts and resolves project issues throughout the lifecycle of design, fabrication, and construction. Veerum creates digital replicas of physical capital projects using sensor technology.
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