The people
What they build
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Working at Speer
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On the TechTO stage
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About
Speer Technologies Inc. is a Toronto development shop with an unusual business model attached: alongside designing and building software for clients, it treats intellectual property as part of the deliverable, filing patents on the systems it creates and sharing in what they earn. Mathew Mozaffari started it in 2019, having begun working in tech at 19, and the firm now describes a team of specialists spanning engineering, design, legal and IP strategy. Its client work spans healthcare, real estate, entertainment, finance and transportation. The Globe and Mail put Speer on its Top Growing Companies list in 2024 at number 42, reporting three-year revenue growth of 1,005 percent on 2023 revenue between $2 million and $5 million, 25 employees, and more than 300,000 daily users across the products it had shipped. On the TechTO stage in June 2026 Mozaffari took a narrower subject — how founders should actually use SR&ED and other government incentives, and what makes a claim eligible — in a Boast-hosted fireside during Toronto Tech Week.
Backers
No outside venture funding is on the public record; Speer is a services firm and its growth filing reports revenue rather than capital raised.
Quick answers
What does Speer do?
It designs and builds custom software and AI systems for startups and corporate innovation teams, across healthcare, real estate, entertainment, finance and transportation. It also files patents on the technology it develops, which is the part that distinguishes it from a conventional development agency.
Who founded Speer and when?
Mathew Mozaffari, in 2019, at age 22. He had started working in tech at 19 and has twice been named to a Developer 30 Under 30 list. TechTO's own description of his 2026 talk calls him founder of Speer and CTO of Grata.
How fast has Speer grown?
The Globe and Mail ranked it 42nd on Canada's Top Growing Companies in 2024, reporting 1,005 percent revenue growth over three years, 2023 revenue between $2 million and $5 million, and 25 employees. It appeared on the list again in 2025.
Where is Speer based?
Toronto. The Globe and Mail's 2024 listing gives an address on Shuter Street.