Feed/Companies/Ultimarii

Ultimarii

As of 7 Nov 2026, Ultimarii has 1 verified round on record, none with a disclosed amount; latest: more than $13M financing total Series A led by Industrial Innovation Venture Fund, announced 10 Sep 2026.

BUILT ON

Visit site

Ultimarii is AI-powered regulatory intelligence for energy, utilities, and legal professionals—streamlining research and drafting for large enterprises.

ultimarii.comLinkedInCalgary, AlbertaAIFounded 2024

LATEST ROUND

Series A

more than $13M financing total · 2026-09-10

RAISED ON RECORD · USD

Undisclosed

no isolated primary amount · $13M to date, as reported

INVESTORS

1 lead

SOURCES

Feed/Companies

Company

Every round on record, with the sources behind each and the investors on them.

BUILT ON

Rounds

[ 1 ]

Series A

more than $13M financing total · 2026-09-10

led by Industrial Innovation Venture Fund

EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING

Equity seed funding · nearly $2.6 million CAD · 2025-07

led by Staircase Ventures

Pre-seed financing · $2 million · 2024-06

Round	Amount	Announced	Lead	Buzz
Series A	more than $13M financing total	2026-09-10	Industrial Innovation Venture Fund	No recent discussion
4 sources · checked 1 time, last 40d ago [ VERIFIED · CORRECTED ] read against 4 sources Removed BDC Industrial Innovation Venture Fund · no source places them in this round Now a participant Mistral Venture Partners The company release identifies BDC as lead and Mistral as a participant; a secondary source calls them co-leads, so the release controls. The release states the amount without CAD, while secondary reports write “more than $13 million CAD.”; not on the page it cites, so not applied: date Publication audit: more than $13 million is includes debt, not this round's money: "has raised more than $13 million CAD in Series A financing." (https://www.thesaasnews.com/news/ultimarii-raises-13m-series-a)

Company research

Fetched Sep 24

Ultimarii builds AI-powered regulatory-intelligence tools that help governments, utilities, energy and mining companies, law firms, and infrastructure developers research, draft, and manage complex permitting and compliance work.

Founders

Hon. Doug Schweitzer · Co-Founder
He is a lawyer and founding partner of Blue Rock Law who previously served as Alberta's Minister of Justice and Minister of Jobs, Economy, and Innovation.
Josh Malate, P.Eng.
He is an engineer and entrepreneur who co-founded the global legal-technology firm Athennian and has served as an investor and adviser to more than 30 companies.

Total raised

more than $18 million · as its sources put it, more than the rounds on record

Customers

Government of Canada

WHY IT MATTERS

Regulatory and permitting work for energy, utility, mining, and infrastructure projects is complex, document-heavy, and delay-prone, while Ultimarii says its AI organizes curated regulatory data into workflows for research, review, drafting, roadmaps, and hearings. Its reported traction—more than 20 enterprise customers, over $1 million in annual recurring revenue, more than two million curated documents across over 50 regulatory bodies, and more than $18 million in total capital—supports the company's bet that verticalized, security-conscious AI can help North American infrastructure move faster without weakening regulatory rigor.

Ultimarii

Company

Rounds

Sources

Profile

Investors

Ultimarii

Rounds

Company research

Sources

Series Amore than $13M financing total2026-09-104 sources

Investors

Series Amore than $13M financing total2026-09-104 investors

EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING
Equity seed funding	nearly $2.6 million CAD	2025-07	Staircase Ventures
Pre-seed financing	$2 million	2024-06	not stated