# Ultimarii

> Regulatory intelligence AI that accelerates permitting for energy, mining, and utilities.

## Why it 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.

## Profile

- **Latest funding:** Series A — C$13M+ (~$9.5M) (September 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** series-a
- **Status:** private
- **Industries:** ai-ml, climate-tech, enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-09-12
- **Latest funding investors:** BDC Industrial Innovation Venture Fund, Mistral Venture Partners, Staircase Ventures, Alpaca VC

## 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

- Series A · C$13M+ (~$9.5M) · September 2026
  Source: https://betakit.com/regulatory-ai-company-ultimarii-raises-13-million-series-a-round/

## Related articles

- https://venturecapitaltracker.com/2026-ultimarii-13m-cad-series-a-bdc-regulatory-ai
- https://venturecapitaltracker.com/2026-september-10-12-investment-news-motive-xapien-physical-ai

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 12, 2026

**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.

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Source: https://venturecapitaltracker.com/startup/ultimarii