Protexxa, a cybersecurity startup, has raised CAD$4m in a seed funding round headed by BKR Capital.
Also taking part in the round was the Firehood Angels and several angel investors such as Jeff Fettes, Leen Li and others.
Protexxa is a B2B SaaS cybersecurity platform that leverages AI to rapidly identify, evaluate, predict, and resolve cyber issues for employees.
According to Help Net Security, with 43% of cyberattacks aimed at small businesses, cyber solutions for businesses of all sizes are needed now more than ever.
The funds will be used to build out the cybersecurity platform with assisted remediation technology, facilitate pilots with global customers, and prepare to scale its operations. The company is currently in the process of filing several patents.
Protexxa CEO Charlotte McGowan said, “Since the pandemic, cybercrime has quadrupled and continues to accelerate. Our goal is to be part of the solution. Through Protexxa, we will democratize cybersecurity by making it more accessible for both businesses and individuals.
“The key is to connect the dots on how personal cyber hygiene can affect an organization. This means identifying blind spots and building out personalized training, assessment, and awareness plans to move cyber health in a positive direction.”
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