Speer Technologies

What Speer Technologies does

Speer Technologies Inc. is a Toronto-headquartered custom AI and software development firm founded in 2019 by Mathew Mozaffari. It designs, builds, and protects proprietary technology for high-growth companies — typically founders, CTOs, and Chief Innovation Officers — using an "IP-First Development Methodology" that integrates patent strategy into the build process from day one. Speer holds 35+ granted patents and 10+ pending applications across cloud infrastructure, APIs, and modern software systems, supplemented by in-house legal and IP-strategy expertise. The company operates three offices (Toronto, New York, Vancouver) and has launched more than 40 digital products spanning healthcare, real estate, entertainment, finance, transportation, music, gaming, Islamic finance, airlines, automotive, construction, and retail.

The firm's technical stack covers full-stack web (React, Node, Angular, Vue, Next, MongoDB, Express), mobile (React Native, Swift, Kotlin, Flutter, Ionic), cloud and infrastructure (OOP, databases, CI/CD), hardware (SolidWorks, ANSYS, EAGLE, KiCad, C/C++, JTAG, Unity), design systems, and CMS platforms. Beyond client development, Speer operates free developer utilities (Password Generator, QR Code Generator, Color Contrast Checker), an innovation lab (Labs), and one owned product (Onpath, a dealership rental-and-loaner automation tool).

Speer's revenue model combines professional-services fees on bespoke AI and software projects with IP-licensing and patent-strategy revenue derived from SR&ED tax credits, government grants, and IP protection licensing. Engagements are consultative and sales-led, integrated with client teams, with quote-based pricing and no public rate card. The company also maintains a Funding Partner Network that has helped clients raise over $6.5M USD in combined venture, government, and grant capital. The firm claims every $1 of engineering spend converts to $1.75 in value through this funding-and-IP overlay.

Name

Speer Technologies

Legal name

Speer Technologies Inc.

Website

https://speer.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Toronto-based custom AI and software development firm that designs, builds, and patents proprietary technology for high-growth startups and enterprises using an IP-first methodology spanning web, mobile, cloud, and hardware.

Ownership category

akta.pro rank

Product category

Custom Software Development Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (5415), Software Publishers (513210)

SIC

Services-Computer Programming Services (7371), Patent Owners & Lessors (6794), Services-Management Consulting Services (8742)

akta.pro primary industry

IP Management, Patents & Trademark Software (BPAEAPAN)

Keywords

• Custom AI development
• Patentable software services
• IP strategy consulting
• Full-stack development
• Mobile app development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Custom AI and Software Development Services: Bespoke software development services where Speer integrates within client organizations as an extension of their team. Services include custom AI systems, web/mobile app development, cloud infrastructure, and design. Revenue is generated through project-based professional services engagements.
2. IP Strategy and Patent Services: Intellectual property strategy services integrated into the development process, helping clients build defensible, high-value IP portfolios. Converts engineering spend into strategic returns through SRED credits, grants, and IP protection licensing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Speer Technologies provides custom AI and software development services, designing and building proprietary, patentable digital products for high-growth companies. The firm integrates patent strategy into the development process from day one, with a multidisciplinary team of 40+ specialists in engineering, design, legal, and IP strategy. In parallel, Speer ships its own branded products including Onpath (dealership automation), Labs (innovation lab), and free developer tools (Password Generator, QR Code Generator, Color Contrast Checker), and leverages a funding partner network that has helped clients raise over $6.5M USD.

Product overview

Speer Technologies offers custom AI and software development services as its primary offering, specializing in building proprietary, defensible technology for clients. Their portfolio includes a suite of free developer tools (Password Generator, QR Code Generator, Color Contrast Checker), an automotive dealership automation product (Onpath), and an innovation lab (Labs). The core value proposition is the IP-first approach where custom AI systems and patentable software are built with patent strategy integrated from day one, turning engineering spend into long-term revenue through SR&ED, grants, and IP protection. The company operates as a project-based custom development firm rather than a single unified software platform.

Differentiator

Problem solved

Functional benefit

Brands

• Onpath: Automates the rental and loaner process for dealerships.
• Labs
• Password Generator
• QR Code Generator
• Color Contrast Checker

Products and services

• Custom AI and Software Development Services Bespoke custom AI and software development services for high-growth companies; Speer integrates within the client's organization as an extension of their team, delivering web, mobile, cloud, hardware, and design projects with patent strategy embedded from day one.
• IP Strategy and Patent Services Intellectual property strategy and patent services integrated with custom development, helping clients build defensible, high-value IP portfolios and convert engineering spend into revenue through SR&ED credits, grants, and IP protection licensing.
• Onpath
• Labs Speer's product innovation lab showcasing experimental projects, prototypes, and emerging technology explorations.
• Password Generator Free developer tool from Speer that generates strong, secure passwords with customizable options including length, character types (uppercase, lowercase, numbers, symbols), and accessibility features.
• QR Code Generator Free tool from Speer that generates QR codes for websites, social media, or other content, with customization options for logo, colors, and file format (SVG).
• Color Contrast Checker Free tool from Speer that calculates contrast ratios between text and background colors following WCAG accessibility guidelines (AA and AAA compliance levels).

Quantifiable outcome

• $1 in engineering spend = $1.75 in value through SRED, grants and IP protection licensing
• +4 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cognizant: Global IT services giant with ~350,000+ employees delivering custom software, AI engineering, and digital transformation to Fortune 500 enterprises. Overlaps with Speer on bespoke AI and software development but operates as a broad incumbent across all IT services rather than a focused IP-first boutique.
• Infosys: Global IT services and consulting firm with ~300,000+ employees offering custom software development, AI services, and digital transformation to large enterprises. Operates in adjacent custom development and AI categories though at vastly larger scale; a potential strategic acquirer for IP-first differentiation.
• HCLTech: Global IT services firm with ~225,000+ employees delivering custom software engineering, AI, cloud, and digital product services to enterprise clients. Comparable as a broad incumbent offering custom engineering at scale; relevant benchmark for what a mature version of Speer's services model could look like.
• Accenture: Largest global management and technology consulting firm with ~750,000+ employees offering custom software, AI, and digital product engineering across every industry. Plausible acquirer of Speer given overlap in AI and digital engineering services; relevant as the upper-bound benchmark on scale, margin, and exit value.

Direct peers

• Thoughtworks: Global custom software development firm with deep engineering focus and ~10,000+ employees. Comparable because both operate as bespoke software engineering partners for high-growth clients, though Thoughtworks operates at much greater scale and lacks Speer's IP-first patent methodology.
• EPAM Systems: Custom software development and digital engineering services firm with ~50,000+ employees serving enterprise and high-growth clients globally. Most directly comparable peer in terms of bespoke engineering services revenue model, though at materially greater scale than Speer.
• Globant: Digital and cognitive transformation services firm with ~30,000 employees delivering custom software, AI, and product engineering to enterprises and high-growth companies. Shares the bespoke software-for-clients model though at much larger scale and broader geographic footprint than Speer.
• Icreon: Boutique ~200-person digital product development firm with offices in North America and Europe delivering custom software, mobile apps, and AI/ML solutions for high-growth clients. Comparable in size band and client profile (founders, CTOs, high-growth companies) to Speer.
• Slalom: ~13,000-employee management and technology consulting firm delivering custom-built digital products and tech-enabled transformation for enterprises. Comparable as a tech-and-product consultancy serving similar buyer profiles (CTOs, Innovation leaders) with bespoke delivery and intellectual property advisory elements.
• Fingent: ~250-person custom software development firm headquartered in the US with delivery centers in India, specializing in web/mobile apps, AI/ML, and enterprise software for SMBs and high-growth clients. Closely comparable in scale, service mix (custom dev, AI, full-stack), and end-market orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/speertech
• LinkedInlinkedin.com/company/speertech
• Instagraminstagram.com/speertech
• TikToktiktok.com/@techspeer?lang=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Speer Technologies