July 23, 2024 at 02:45PM
Canadian cybersecurity startup Protexxa completed a $10 million Series A funding round, raising its total to $15 million. The investment from Bell Ventures, Bell Canada, and Sandpiper Ventures, along with others, will support the advancement of its AI-powered security platform, global expansion, and enhancement of its enterprise solution for various sectors. CEO Claudette McGowan prioritizes improving cyber defenses through individual cyber hygiene.
From the meeting notes, the key points to consider are:
– Protexxa, a Canadian cybersecurity startup, has secured $10 million in Series A funding, bringing its total raised capital to $15 million, with investments from Bell Ventures, Bell Canada, Sandpiper Ventures, BKR Capital, Export Development Canada, The Firehood Angels, and Graphite Ventures.
– Protexxa Defender, the company’s AI-powered security platform, provides a health score that organizations and employees can improve by identifying exposed secrets and other common cyber issues.
– The company also offers tailored incident response plans, personalized training, and consulting for organizations globally.
– Protexxa plans to use the new investment to advance engineering and data science innovations, expand its sales and marketing teams, and seek global expansion, particularly in the United States.
– The company’s enterprise solution is gaining popularity among organizations in the financial, healthcare, and telecommunications sectors.
– Protexxa prioritizes improving cyber defenses through individual cyber hygiene and training, as stated by CEO Claudette McGowan.
These takeaways highlight the funding, product offerings, expansion plans, and target sectors of Protexxa, capturing the essential information from the meeting notes.