Real Ventures

Real Ventures is a Canada-based early-stage venture capital firm founded in 2007 and based in Montreal. It backs early-stage Canadian technology startups and supports entrepreneurs who aim to build successful, global companies. The firm provides stage-specific guidance, mentorship, and access to networks and resources to accelerate founders' growth. By strengthening the Canadian startup ecosystem, Real Ventures helps teams with product development, go-to-market planning, and fundraising through connections to experienced operators, partners, and peers. Its active portfolio includes more than 100 companies valued at about $10 billion, illustrating its broad impact on Canada's technology landscape.

Jean-Sebastian Cournoyer

Partner

JS Cournoyer

Board Partner

Laura Easton

Associate

Mohamed Elabshihy

Associate

Richard Fefergrad

Director, Finance

Past deals in Embedded Software

Blumind

Series A in 2025
Blumind develops an analog AI neural network architecture designed for low-power edge computing and provides inferencing engines for edge smart sensors and devices. The platform uses standard semiconductor technology to deliver real-time inference with minimal energy consumption, enabling always-on artificial intelligence at the edge. It supports features such as keyword detection, biometric pattern recognition, gesture identification, and image classification, allowing industries to deploy efficient AI on edge devices.

BIOS

Series A in 2023
BIOS Health is a pioneering company focused on developing neural digital therapies by harnessing data-driven insights from the human nervous system. Co-founded by researchers from Cambridge University, the firm aims to revolutionize precision medicine through the identification of neural biomarkers that link nerve activity to various medical conditions. BIOS's innovative approach holds promise for treating chronic diseases such as hypertension, diabetes, rheumatoid arthritis, and neurodegenerative disorders like Parkinson's and Alzheimer's. The company's expertise encompasses a diverse range of fields, including neuroscience, machine learning, software engineering, and biotechnology, allowing it to create advanced solutions for improving the quality of life for individuals suffering from these conditions. Additionally, BIOS is engaged in developing prosthetic connectors that standardize the interface between bionic devices and the body's nervous and soft-tissue systems, enabling enhanced control and feedback for patients with prosthetics.

SPARK Microsystems

Series B in 2023
SPARK Microsystems is a fabless semiconductor company developing wireless transceiver technology for ultra-low power Internet of Things applications. Its patented solutions deliver higher data rates with lower power consumption and reduced latency, extending device battery life and enabling efficient wireless operation in energy-constrained environments.

XpertSea

Series B in 2021
XpertSea is a Canadian technology company that develops hardware and software for aquaculture farming. It offers XperCount, a connected device for counting, sizing, and imaging small aquatic organisms, and a data platform for storing and analyzing aquatic population information. The company combines smart aquaculture equipment with an AI-powered farm management platform that delivers actionable insights to optimize feed efficiency, reduce environmental waste, and help prevent diseases. Its solutions include smartphone-compatible software with offline functionality and pond-specific forecasting to aid harvest planning and growth monitoring. With customers in more than 50 countries, XpertSea aims to improve profitability and sustainability across the global aquaculture supply chain.

Tenstorrent

Series C in 2021
Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks. The company develops application-specific integrated circuit processors that enable scalable deep learning, with architectures designed to be software-programmable and adaptable from battery-powered IoT devices to cloud servers. Its processors target training and inference workloads, delivering computational performance for developers and researchers in artificial intelligence. Founded in 2016, Tenstorrent is based in Toronto with an additional office in Austin, Texas.

SPARK Microsystems

Private Equity Round in 2021
SPARK Microsystems is a fabless semiconductor company developing wireless transceiver technology for ultra-low power Internet of Things applications. Its patented solutions deliver higher data rates with lower power consumption and reduced latency, extending device battery life and enabling efficient wireless operation in energy-constrained environments.

Tenstorrent

Series B in 2019
Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks. The company develops application-specific integrated circuit processors that enable scalable deep learning, with architectures designed to be software-programmable and adaptable from battery-powered IoT devices to cloud servers. Its processors target training and inference workloads, delivering computational performance for developers and researchers in artificial intelligence. Founded in 2016, Tenstorrent is based in Toronto with an additional office in Austin, Texas.

BIOS

Seed Round in 2018
BIOS Health is a pioneering company focused on developing neural digital therapies by harnessing data-driven insights from the human nervous system. Co-founded by researchers from Cambridge University, the firm aims to revolutionize precision medicine through the identification of neural biomarkers that link nerve activity to various medical conditions. BIOS's innovative approach holds promise for treating chronic diseases such as hypertension, diabetes, rheumatoid arthritis, and neurodegenerative disorders like Parkinson's and Alzheimer's. The company's expertise encompasses a diverse range of fields, including neuroscience, machine learning, software engineering, and biotechnology, allowing it to create advanced solutions for improving the quality of life for individuals suffering from these conditions. Additionally, BIOS is engaged in developing prosthetic connectors that standardize the interface between bionic devices and the body's nervous and soft-tissue systems, enabling enhanced control and feedback for patients with prosthetics.

Algolux

Series A in 2018
Algolux is a Canadian AI software company specializing in advanced perception solutions for a variety of applications, including automotive advanced driver-assistance systems (ADAS), autonomous vehicles, and video security. Founded on innovative research at the intersection of deep learning, computer vision, and computational imaging, the company provides robust and scalable tools that enhance image quality and optimize camera architectures. Algolux utilizes machine learning and deep perception technology to deliver cloud-based video analytics and embedded software, enabling clients to achieve superior results under diverse conditions, such as extreme lighting and adverse weather. The company's focus on safety and efficiency positions it as a leader in the development of solutions for both existing camera systems and new designs.

XpertSea

Series A in 2018
XpertSea is a Canadian technology company that develops hardware and software for aquaculture farming. It offers XperCount, a connected device for counting, sizing, and imaging small aquatic organisms, and a data platform for storing and analyzing aquatic population information. The company combines smart aquaculture equipment with an AI-powered farm management platform that delivers actionable insights to optimize feed efficiency, reduce environmental waste, and help prevent diseases. Its solutions include smartphone-compatible software with offline functionality and pond-specific forecasting to aid harvest planning and growth monitoring. With customers in more than 50 countries, XpertSea aims to improve profitability and sustainability across the global aquaculture supply chain.

SPARK Microsystems

Seed Round in 2017
SPARK Microsystems is a fabless semiconductor company developing wireless transceiver technology for ultra-low power Internet of Things applications. Its patented solutions deliver higher data rates with lower power consumption and reduced latency, extending device battery life and enabling efficient wireless operation in energy-constrained environments.

Tenstorrent

Series A in 2017
Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks. The company develops application-specific integrated circuit processors that enable scalable deep learning, with architectures designed to be software-programmable and adaptable from battery-powered IoT devices to cloud servers. Its processors target training and inference workloads, delivering computational performance for developers and researchers in artificial intelligence. Founded in 2016, Tenstorrent is based in Toronto with an additional office in Austin, Texas.

Tenstorrent

Seed Round in 2016
Tenstorrent designs and manufactures AI hardware and software for data processing and machine learning tasks. The company develops application-specific integrated circuit processors that enable scalable deep learning, with architectures designed to be software-programmable and adaptable from battery-powered IoT devices to cloud servers. Its processors target training and inference workloads, delivering computational performance for developers and researchers in artificial intelligence. Founded in 2016, Tenstorrent is based in Toronto with an additional office in Austin, Texas.

OMsignal

Series B in 2016
OMsignal is a Montréal-based company founded in 2011 that specializes in manufacturing bio-sensing clothing designed to provide real-time access to medical-grade biometric data. The company's innovative apparel is embedded with sensors that monitor various health metrics, including heart rate, electrocardiography (ECG), respiration rhythms, and stress levels. This technology allows users to track their health and fitness seamlessly through a mobile application that displays data in real time. OMsignal's products aim to integrate health monitoring into everyday life, enabling individuals to maintain their well-being more effectively.

TritonWear

Seed Round in 2016
TritonWear is a Canadian wearable technology company based in Kitchener that develops performance wearables and companion software to help coaches and athletes track performance in real time. Its waterproof wearable, paired with mobile and web applications, delivers real-time and post-workout metrics, AI-powered analytics, video motion analysis, and cloud storage, enabling swim teams, coaches, and athletes to monitor progress, identify improvement areas, and make data-driven training decisions.

Algolux

Convertible Note in 2016
Algolux is a Canadian AI software company specializing in advanced perception solutions for a variety of applications, including automotive advanced driver-assistance systems (ADAS), autonomous vehicles, and video security. Founded on innovative research at the intersection of deep learning, computer vision, and computational imaging, the company provides robust and scalable tools that enhance image quality and optimize camera architectures. Algolux utilizes machine learning and deep perception technology to deliver cloud-based video analytics and embedded software, enabling clients to achieve superior results under diverse conditions, such as extreme lighting and adverse weather. The company's focus on safety and efficiency positions it as a leader in the development of solutions for both existing camera systems and new designs.

OMsignal

Debt Financing in 2015
OMsignal is a Montréal-based company founded in 2011 that specializes in manufacturing bio-sensing clothing designed to provide real-time access to medical-grade biometric data. The company's innovative apparel is embedded with sensors that monitor various health metrics, including heart rate, electrocardiography (ECG), respiration rhythms, and stress levels. This technology allows users to track their health and fitness seamlessly through a mobile application that displays data in real time. OMsignal's products aim to integrate health monitoring into everyday life, enabling individuals to maintain their well-being more effectively.

XpertSea

Seed Round in 2015
XpertSea is a Canadian technology company that develops hardware and software for aquaculture farming. It offers XperCount, a connected device for counting, sizing, and imaging small aquatic organisms, and a data platform for storing and analyzing aquatic population information. The company combines smart aquaculture equipment with an AI-powered farm management platform that delivers actionable insights to optimize feed efficiency, reduce environmental waste, and help prevent diseases. Its solutions include smartphone-compatible software with offline functionality and pond-specific forecasting to aid harvest planning and growth monitoring. With customers in more than 50 countries, XpertSea aims to improve profitability and sustainability across the global aquaculture supply chain.

TritonWear

Seed Round in 2015
TritonWear is a Canadian wearable technology company based in Kitchener that develops performance wearables and companion software to help coaches and athletes track performance in real time. Its waterproof wearable, paired with mobile and web applications, delivers real-time and post-workout metrics, AI-powered analytics, video motion analysis, and cloud storage, enabling swim teams, coaches, and athletes to monitor progress, identify improvement areas, and make data-driven training decisions.

Algolux

Seed Round in 2014
Algolux is a Canadian AI software company specializing in advanced perception solutions for a variety of applications, including automotive advanced driver-assistance systems (ADAS), autonomous vehicles, and video security. Founded on innovative research at the intersection of deep learning, computer vision, and computational imaging, the company provides robust and scalable tools that enhance image quality and optimize camera architectures. Algolux utilizes machine learning and deep perception technology to deliver cloud-based video analytics and embedded software, enabling clients to achieve superior results under diverse conditions, such as extreme lighting and adverse weather. The company's focus on safety and efficiency positions it as a leader in the development of solutions for both existing camera systems and new designs.

OMsignal

Series A in 2014
OMsignal is a Montréal-based company founded in 2011 that specializes in manufacturing bio-sensing clothing designed to provide real-time access to medical-grade biometric data. The company's innovative apparel is embedded with sensors that monitor various health metrics, including heart rate, electrocardiography (ECG), respiration rhythms, and stress levels. This technology allows users to track their health and fitness seamlessly through a mobile application that displays data in real time. OMsignal's products aim to integrate health monitoring into everyday life, enabling individuals to maintain their well-being more effectively.

OMsignal

Seed Round in 2013
OMsignal is a Montréal-based company founded in 2011 that specializes in manufacturing bio-sensing clothing designed to provide real-time access to medical-grade biometric data. The company's innovative apparel is embedded with sensors that monitor various health metrics, including heart rate, electrocardiography (ECG), respiration rhythms, and stress levels. This technology allows users to track their health and fitness seamlessly through a mobile application that displays data in real time. OMsignal's products aim to integrate health monitoring into everyday life, enabling individuals to maintain their well-being more effectively.
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