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Novisto

AI-driven platform for ESG data management

Overview

Novisto is a technology platform that helps public companies manage ESG data. It provides an AI-powered, data-centric ESG data management platform to streamline data collection, disclosure, quality, and insights. Features include peer benchmarking and stakeholder engagement, all available on a subscription-based platform. How it works: clients upload or connect their ESG data; the platform uses AI to automate data gathering, validate quality, generate disclosures and insights, and compare performance against peers. Differences from competitors: a flexible, AI-driven platform focused on ESG data management with a clear emphasis on data quality, customization, and benchmarking for public companies, plus stakeholder engagement tools, delivered via subscription. Goal: help companies meet rising ESG disclosure demands from investors, regulators, and customers by improving sustainability performance through better data management and reporting.

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About Novisto

Simplify's Rating
Why Novisto is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$55.8M

Headquarters

Montreal, Canada

Founded

2019

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Simplify Jobs

Simplify's take

What believers are saying

  • Novisto posted fresh hiring in November 2026 for AI, partnerships, sales, and services.
  • Built In Montreal lists 150 employees on November 8, 2026, showing continued scale.
  • CSRD, ISSB, and GRI complexity keeps demand high for auditable ESG software in 2026.

What critics are saying

  • ESG software buyers face CSRD dilution after 2026 Omnibus updates and delayed disclosures.
  • Novisto's category depends on regulatory enforcement; weaker mandates shrink pipeline conversion by 2027.
  • Competitive pressure from Workiva, Nasdaq Metrio, and SAP can compress pricing and retention.

What makes Novisto unique

  • Novisto Materiality launched August 5, 2026, embedding double-materiality assessments inside reporting workflows.
  • La Caisse invested May 20, 2026, validating Novisto for Global 2000 sustainability compliance.
  • Project LooP, announced July 20, 2026, dogfoods the platform across Novisto's own operations.

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Funding

Total Funding

$55.8M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
$50M
$62M
$100M

Benefits

  • Health Insurance
  • Flexible Work Hours
  • Remote Work Options
  • Paid Vacation
  • Stock Options
  • Summer Hours

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

-1%
Clean Energy Canada
Oct 28th, 2026
'Shaped by disruption,' resilient clean energy innovators find footprint in Fast 50.

'Shaped by disruption,' resilient clean energy innovators find footprint in Fast 50. Deloitte Canada today revealed the winners of its 2026 Technology Fast 50 program. Now in its 29th year, the Technology Fast program recognizes achievements made by Canada's fastest-growing technology companies, celebrating entrepreneurial spirit and highlighting commitment to innovation across three distinct categories: Technology Fast 50, Enterprise - Industry Leaders, and Companies-to-Watch. This year's Technology Fast 50 cohort achieved an average growth rate of 3,079%, a strong showing by historical standards. Toronto's Finni Health tops this year's Technology Fast 50 category, posting four-year revenue growth of 46,574%. In the Enterprise - Industry Leaders category, Vancouver's UniUni secured first place with four-year revenue growth of 2,143%. Meanwhile, Ottawa's Turbopuffer topped the Companies-to-Watch category, achieving three-year revenue growth of 65,443%. "These companies have excelled through their relentless focus on the fundamentals of growth: winning customers, attracting investment, building strong teams, and pursuing new opportunities," commented commented Amanda Perran, Partner and national co-leader for the Technology Fast 50 program at Deloitte Canada. "The next stage of their journey will be defined by how effectively they combine that ambition with the capital, talent, and AI-enabled capabilities needed to create sustainable, long-term value," she stated. Among clean energy firms, Toronto's WeavAir ranked fourth on the Fast 50, followed by North Vancouver's Hypercharge (17th) and Montreal's Novisto (24th). Also ranking on the Fast 50 for 2026 is Vancouver's veritree (27th), Longueuil's Polara (40th), and Burnaby's Oxygen8 Solutions (43rd). Quebec City's UgoWork (47th) and Montreal's GHGSat (50th), who returns for a fourth time, cracked the annual list as well. Among Enterprise - Industry Leaders, Deloitte regular Electrovaya out of Mississauga ranked 4th for its lithium-ion batteries and energy storage systems technology, while Vancouver-based MineSense Technologies - another Deloitte regular - was recognized (14th) for its mining optimization tech. Deloitte also named Toronto EV charging innovator Elocity, and Vancouver critical metals extractor pH7 Technologies, as Companies-to-Watch. "The strongest signal from the 2026 Technology Fast 50 class is confidence," believes Brendan Cooper, partner and national co-leader for the Technology Fast 50 program at Deloitte Canada. "These Canadian companies have been shaped by disruption and proven through crunch periods," Cooper said. "That resilience is showing in how they lead today." "They are investing, hiring, and innovating through uncertainty with confidence," he stated.

Novisto
Oct 28th, 2026
Novisto named to the 2026 Technology Fast 50.

Novisto named to the 2026 Technology Fast 50. Published on October 28, 2026 Dave Karrel Novisto earns a place among Canada's fastest-growing technology companies on the 2026 Technology Fast 50. MONTREAL, October 28, 2026: Novisto has been named a member of the 2026 Technology Fast 50(TM) program, ranking #24 with 1,073% revenue growth from 2022 to 2025. The Technology Fast 50 program recognizes Canada's leading technology companies by revenue growth. Built for the shift. Sustainability has left the annual report. It now runs through day-to-day operations, and investors, regulators and value chains expect the numbers behind it to hold up. Spreadsheets and point tools can't carry that weight. Enterprises need a system of record. That's what Novisto built. Novisto is the enterprise system for sustainability performance management. It unites carbon, ESG, risk, materiality and performance data in one platform, with audit-grade data lineage and interoperability across 34 global standards, regulations and frameworks. "Growth like this only happens when customers bet on you, and ours did. They're running sustainability with the same rigour as finance: governed data, clear ownership, confidence in their compliance and disclosures, and decisions they can defend. We built Novisto to be the system behind that. Being recognized alongside Canada's best technology companies tells us the market is moving, and we intend to keep leading it," said Charles Assaf, CEO of Novisto. What's next. Novisto is reinvesting that growth in the platform. In the coming months, customers get expanded risk management to identify, assess and act on sustainability-related risks, plus enhanced Novisto AI across the platform to strip manual work out of data collection, analysis and reporting. Novisto is also tightening the integration of carbon, ESG, risk, materiality and performance in one system of record: data collected once and put to work across the business. Novisto is hiring. See open roles here. About the Technology Fast 50(TM) program. The Technology Fast 50 program is a year-round platform that shines a spotlight on the emerging technology companies driving innovation and accelerating growth across Canada. It's a place where forward-thinking founders gain national visibility, strengthen their credibility, and become part of a community that's influencing the next era of Canadian innovation. The program culminates in awards across three distinct categories, with additional recognition for Canadian companies featured in Deloitte's North American Fast 500. About Novisto. Novisto helps sustainability, risk, and finance teams replace fragmented spreadsheets, consultants, and point tools with a single platform for ESG, carbon, risk, and materiality data, so every number is collected once, trusted, and reused everywhere it's needed. Novisto is a 2026 Technology Fast 50(TM) winner and one of Report on Business magazine's Canada's Top Growing Companies 2026. Book a demo with Novisto today. Automate ESG data collection and reporting. Confidently disclose to regulators, investors, and rating agencies.

Novisto
Sep 25th, 2026
Novisto named one of Canada's Top Growing Companies for 2026 by the Globe & Mail.

Novisto named one of Canada's Top Growing Companies for 2026 by the Globe & Mail. Published on September 25, 2026 Dave Karrel Novisto, the most comprehensive sustainability performance management platform, ranks in the Technology and Telecom category with 266% three-year revenue growth. MONTREAL, September 25, 2026: Novisto has been named to Report on Business magazine's 2026 ranking of Canada's Top Growing Companies with three-year revenue growth of 266%. The list was published by The Globe and Mail on September 25. Novisto is ranked in the Technology and Telecom category. Now in its eighth year, Canada's Top Growing Companies ranks Canadian businesses by three-year revenue growth. This year's ranking measures 2022 to 2025. Growth driven by a market in motion. Over those three years, sustainability moved out of the annual report and into day-to-day operations. As disclosure requirements grew and investors, regulators and value chains asked harder questions, enterprises needed more than spreadsheets and point tools. They needed a system of record they could trust. That's what Novisto built. Novisto is the enterprise system for sustainability performance management. It brings carbon, ESG, risk, materiality and performance data together in one platform, with audit-grade data lineage and interoperability across 34 global standards, regulations and frameworks. "This recognition belongs to our customers. They trusted us to help them move sustainability from aspiration to operation, and our growth reflects that. The companies we work with aren't just reporting anymore. They're managing sustainability performance like any other part of the business, and they need infrastructure built for that. We're just getting started," said Charles Assaf, CEO of Novisto. What's next. Novisto is putting that growth back into the platform. In the coming months, customers will get expanded risk management capabilities to help them identify, assess and act on sustainability-related risks. They'll also get enhanced Novisto AI capabilities across the platform, taking the manual work out of data collection, analysis and reporting. Novisto is also continuing to more tightly integrate carbon, ESG, risk, materiality and performance seamlessly in one system of record, for a single, connected view of sustainability performance: data collected once and put to work across the business. Novisto is hiring. See open roles on its website. About Novisto. Novisto helps sustainability, risk, and finance teams replace fragmented spreadsheets, consultants, and point tools with a single platform for ESG, carbon, risk, and materiality data - so every number is collected once, trusted, and reused everywhere it's needed. Book a demo with Novisto today. Automate ESG data collection and reporting. Confidently disclose to regulators, investors, and rating agencies.

KnowESG
Aug 6th, 2026
Novisto unveils Integrated Materiality Tool for continuous ESG Reporting.

Novisto unveils Integrated Materiality Tool for continuous ESG Reporting. by KnowESG Novisto launches an integrated materiality tool for continuous double materiality assessments and ESG reporting. Takeaways. * Novisto has introduced an integrated materiality tool that enables organizations to manage double materiality assessments as a continuous process rather than a one-time exercise. * The platform combines AI-powered analysis, stakeholder engagement, and standardized scoring to improve transparency and audit readiness. * The solution helps companies meet evolving sustainability reporting requirements, particularly under the EU's Corporate Sustainability Reporting Directive (CSRD). Novisto has unveiled its Novisto Integrated Materiality Tool, a new solution designed to help organizations manage double materiality assessments within a single sustainability reporting platform. The launch marks a shift away from traditional consultant-led assessments by allowing businesses to continuously monitor, update, and document material sustainability issues as business conditions evolve. The platform is intended to replace manual assessment methods that often depend on stakeholder surveys, spreadsheets, and fragmented data collection. Instead of producing reports that quickly become outdated, the tool enables companies to revisit and update their materiality assessment whenever new risks, regulatory changes, acquisitions, or other significant business events occur. The launch comes as sustainability reporting requirements continue to expand across global markets. Companies reporting under the Corporate Sustainability Reporting Directive (CSRD) must conduct double materiality assessments in line with the European Sustainability Reporting Standards (ESRS). These assessments examine both the financial impact of sustainability-related risks on a business and the organization's impact on society and the environment. Although the solution is designed with European reporting requirements in mind, its capabilities also support organizations following other sustainability frameworks. Investors increasingly expect financially material ESG information, while broader reporting standards continue to emphasize the environmental and social impacts of business operations. One of the key features of the new platform is its use of a science-based scoring methodology developed with GIST Impact. Rather than relying solely on subjective judgments, the system combines qualitative and quantitative information to produce consistent financial and impact scores across a wide range of sustainability topics. AI-powered analysis further supports the evaluation process, helping organizations compare issues such as climate change, human rights, biodiversity, workforce practices, and resource use using a standardized approach. The platform also enables companies to engage both internal and external stakeholders through built-in surveys. Feedback gathered during the assessment process can be reviewed alongside supporting evidence, while decision-making records remain linked to future disclosures. This creates a transparent audit trail that can strengthen governance and improve confidence in ESG reporting. Katherine Bruce, ESG Reporting Lead at Emirates Group, said integrating materiality directly into the reporting platform would help maintain stronger links between assessment decisions and sustainability disclosures, improving consistency, transparency, and traceability throughout the reporting process. Novisto believes organizations should move beyond viewing materiality as a periodic compliance requirement. Charles Assaf, CEO and Co-Founder of Novisto, said sustainability and risk management programs depend on strong materiality assessments, adding that businesses should manage sustainability information with the same discipline applied to financial reporting. By connecting materiality assessments directly with reporting workflows, the Novisto Integrated Materiality Tool reduces duplicate work while improving data consistency from assessment through final disclosure. The solution may also prove valuable for advisory firms that conduct sustainability assessments on behalf of corporate clients. As sustainability regulations continue to evolve worldwide, organizations are seeking more reliable ways to document decisions, preserve supporting evidence, and respond quickly to changing business risks. Novisto's latest launch reflects the growing importance of embedding sustainability reporting into everyday corporate governance, making materiality assessments a continuous part of enterprise risk management rather than an occasional reporting exercise. If you're looking for suitable ESG and Sustainability providers to share customized solutions specific to your business needs, you can check out KnowESG's Solutions page. If you are an ESG provider looking to get your organization listed on its portal, visit this page. Get the ESG Brief in your inbox. One concise email a week - the ratings moves, regulation deadlines, and vetted solutions that matter. Trusted by sustainability and finance teams. No spam · unsubscribe anytime.

PR Newswire
Aug 5th, 2026
Novisto launches on-demand materiality solution for CSRD, ISSB, and GRI reporting

Novisto has launched Novisto Materiality, an integrated solution that digitizes double materiality assessments for sustainability reporting. The platform replaces static consultant reports with a continuous, auditable framework designed for compliance with the EU's Corporate Sustainability Reporting Directive (CSRD), ISSB, and GRI standards. The solution is powered by GIST Impact's methodology and embedded within Novisto's core platform. It enables organisations to capture primary data, generate AI-powered materiality scores, engage stakeholders, and document decisions within a single workflow. The platform allows companies to conduct assessments on demand rather than as infrequent exercises. It provides an audit-ready foundation that connects materiality assessments directly to ongoing reporting and risk management. Founded in 2019 and headquartered in Montreal, Novisto provides enterprise sustainability performance management software.

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