About Ultimarii
Ultimarii is a Calgary-based regulatory AI company that helps energy, utilities and legal professionals navigate and streamline application and permitting processes. It raised a Series A of more than $13 million CAD in September 2026, backed by BDC and Mistral Venture Partners.
What is Ultimarii?
What is Ultimarii?
Ultimarii is a Calgary-based company that uses AI to navigate and streamline regulatory application and permitting processes. Its website describes the product as AI-powered regulatory intelligence for energy, utilities and legal professionals, streamlining research and drafting for large enterprises.
The company is built around the premise that North America cannot build infrastructure at the speed and scale required without modernizing the systems used to approve it. Large projects in energy, mining and utilities face long and complex regulatory reviews, and Ultimarii aims to be the behind-the-scenes layer that speeds up research and drafting for those filings.
Ultimarii counts customers across national and provincial governments, oil and gas, mining, energy production and major utility operators. With its Series A, it plans to expand its regulatory intelligence platform across Canada and the United States and build deeper data sets around US frameworks, including the Environmental Protection Agency, the Federal Energy Regulatory Commission and the Texas Railroad Commission.
The company has raised more than $18 million CAD in total capital to date, including equity, debt financing and non-dilutive support from the National Research Council of Canada's Industrial Research Assistance Program.
Pros
- Specialized for regulatory research and drafting in energy, utilities and legal work
- Customers span governments, oil and gas, mining, energy and utilities
- Expanding coverage to US regulators such as the EPA, FERC and Texas Railroad Commission
- Backed by institutional investors including BDC and Mistral Venture Partners
Cons
- Narrow focus on regulated infrastructure sectors
- US regulatory data coverage is still being built out
- Pricing is not published and targets large enterprises
How to Use Ultimarii
- 1Identify the filing
Select the regulatory application or permitting process your project faces.
- 2Research requirements
Use Ultimarii's regulatory intelligence to research relevant rules and precedents.
- 3Draft submissions
Draft application materials with AI assistance based on the regulatory framework.
- 4Review with experts
Have your regulatory and legal professionals review and finalize the filing.