Loading organizations...

§ Private Profile · 325 Front St W, Toronto, Ontario M5V 2Y1, CA
Develops Covalent, a Pythonic, serverless open-source workflow orchestration platform for AI, ML, and HPC, managing diverse compute resources.
Based in Toronto, Canada, Agnostiq develops Covalent, an open-source workflow orchestration platform and serverless compute engine designed for artificial intelligence, machine learning, and high-performance computing tasks. The venture-backed company enables data scientists to scale and execute complex workloads across diverse compute resources, including CPUs, GPUs, and quantum processors, monetizing through its fully managed enterprise platform, Covalent Cloud. Operating with an estimated 20 to 50 employees, the enterprise generates annual revenue in the $10 million range and has raised over $8 million in total funding, including a $6.1 million seed extension. Agnostiq has secured financial backing from institutional investors such as Differential Ventures, Pender Ventures, and BDC Capital, and was recently acquired by DataRobot in February 2025 to accelerate agentic AI application development. The organization was originally founded in 2018 by co-founders Oktay Goktas and Elliot MacGowan.
Agnostiq has raised $11.0M across 2 funding rounds.
Agnostiq has raised $11.0M in total across 2 funding rounds.
Agnostiq has raised $11.0M across 2 funding rounds. Most recently, it raised $9.0M Seed in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2023 | $9M Seed | Differential Ventures | Robert Granieri, Green EGG Ventures, Scout Ventures, Tensility Venture Partners | Announced |
| May 1, 2021 | $2M Seed | Differential Ventures | Boost VC, Green EGG Ventures, Scout Ventures, Tensility Venture Partners | Announced |
Agnostiq has raised $11.0M in total across 2 funding rounds.
Agnostiq's investors include Differential Ventures, Robert Granieri, Green Egg Ventures, Scout Ventures, Tensility Venture Partners, Boost VC.
Agnostiq is a Toronto‑based technology company that built Covalent, an open‑source, cloud‑agnostic compute orchestration platform for AI, HPC and previously quantum workloads; it was founded in 2018 and acquired by DataRobot in February 2025 to accelerate agentic AI and cross‑infrastructure compute orchestration.[1][4]
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: Agnostiq moved from quantum‑first roots into a broader play on AI and heterogeneous compute orchestration; its community traction and focused tooling made it an attractive strategic acquisition to solve a growing enterprise problem—making large, diverse compute fleets practical for agentic AI.[5][4]