Startup profile · funding coverage
Ultimarii funding, valuation and investors
Regulatory intelligence AI that accelerates permitting for energy, mining, and utilities.
Keep track of Ultimarii
Save this profile to your VCT watchlist for a quick return.
Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
C$13M+ (~$9.5M) · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · Calgary, Alberta, Canada
Investors in latest funding
Lead: BDC Industrial Innovation Venture Fund
Other: Mistral Venture Partners , Staircase Ventures , Alpaca VC
Overview
Ultimarii is a Calgary regulatory-AI company founded in 2024 by Doug Schweitzer (former Alberta justice and innovation minister) and Josh Malate (ex Athennian). It builds citation-backed tools for permitting roadmaps, filings, and regulatory research used by governments, utilities, energy and mining companies, and law firms. In September 2026 it raised more than C$13 million in Series A equity plus related debt and NRC IRAP funding, bringing total capital above C$18 million.
Why Ultimarii is interesting
BDC’s Industrial Innovation Venture Fund led more than C$13M (~$9.5M) Series A and related financing in Sep 2026 for Calgary’s permitting AI as Canada pushes nation-building infrastructure — and Ultimarii is expanding U.S. regulatory datasets next.
Product & use cases
AI workspace for regulatory roadmaps, document generation, risk analysis, and private libraries tuned to energy and infrastructure permitting.
- Accelerate major-project permitting applications
- Regulatory research with citation-backed outputs
- Expand into U.S. EPA / FERC / Texas frameworks
Key facts
- >C$13M (~$9.5M) Series A + related led by BDC IIVF (Sep 2026) — BetaKit / company
- Total capital >C$18M CAD — BetaKit
- Customers span governments, utilities, energy, mining, and law firms — company
Funding history (newest first)
Series A
2026-09 C$13M+ (~$9.5M)- BDC Industrial Innovation Venture Fund (lead)
- Mistral Venture Partners (participant)
- Staircase Ventures (participant)
- Alpaca VC (participant)
Source: https://betakit.com/regulatory-ai-company-ultimarii-raises-13-million-series-a-round/
Industries
Related funding articles
Venture Capital Tracker pieces that cover Ultimarii's financing or category context.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.