BorealisAI
BorealisAI's full profile: funding, valuation, competitors, and the people behind the company.
Awaira Score
Out of 100
HQ
Canada
Founded
2016
Stage
Corporate
Team
100-500
About BorealisAI
Borealis AI is the AI research laboratory of Royal Bank of Canada, conducting fundamental and applied machine learning research with a focus on financial AI applications including time series forecasting, anomaly detection, natural language processing for financial documents, and AI fairness in credit and fraud decision systems. The Toronto-based lab collaborates with academic institutions and…
Key Facts
- BorealisAI was founded in 2016 by Russ Salakhutdinov and is headquartered in Canada.
- BorealisAI employs approximately 100-500 people.
- BorealisAI operates in the Foundation Models category and is currently at the Corporate stage.
- BorealisAI has an Awaira Score of 55/100, ranking it among the tracked AI companies on Awaira.
- BorealisAI's most recent funding round was a Series A of $63.54M closed in January 2017.
Source: Awaira · Updated Mar 24, 2026
Valuation
N/A
Post-money
Total Raised
N/A
All rounds
Awaira Score
55/100
Founded
2016
100-500 employees
Strengths & Risks
Strengths
Large team of 100-500+ employees
Late-stage with proven business model
Considerations
Valuation not publicly disclosed
Limited disclosed funding
Analysis based on publicly available data. Not investment advice.
Funding Velocity
2
Total Rounds
$37.37M
Avg Round Size
1.0yr
Funding Span
BorealisAI raised 2 rounds over 1.0 years, averaging $37.37M per round — a pace of roughly one round every 6 months.
Awaira estimate based on public data. Not financial advice.
How does BorealisAI stack up against competitors?
Competitor Comparison
| Metric | ★BorealisAI | OpenAI | Anthropic | DeepSeek |
|---|---|---|---|---|
| Awaira Score | 55/100 | 98/100 | 95/100 | 92/100 |
| Total Raised | N/A | $127B | $67B | $1.1B |
| Valuation | N/A | $852B | $380B | N/A |
| Stage | Corporate | Private | Series G | Corporate |
| Founded | 2016 | 2015 | 2021 | 2023 |
| Employees | 100-500 | 4,000 | 3,000 | 150 |
| Country | 🇨🇦 | 🇺🇸 | 🇺🇸 | 🇨🇳 |
Funding Rounds
Inactive$63.54M
Jan 2017
$11.21M
Jan 2016
BorealisAI Latest News
BorealisAI Releases New Open-Weight Language Model Challenging GPT-4
BorealisAI Announces Strategic Partnerships to Scale AI Operations
BorealisAI Reports Strong Growth as AI Industry Accelerates
BorealisAI Closes Funding Round as Investor Interest in AI Surges
BorealisAI Achieves Breakthrough in AI Reasoning Benchmarks
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