Protexxa, a Toronto, Canada-based B2B SaaS cybersecurity company, has raised $10 million in Series A funding, bringing its total raised to $15 million.
Investors
The investors in the round include Bell Ventures and Sandpiper Ventures, with strong support from existing shareholders Export Development Canada, BKR Capital, The Firehood Angels, and Graphite Ventures. Individual investors include Sonia Baxendale, Geoffrey Matus, Annette Verschuren, and Ralph Lean.
Protexxa Use of Funds
The company will use the funding to support engineering and data science innovations and expand sales and marketing teams as Protexxa aims to enter global markets, with the United States being a primary target.
About Protexxa
Founded by Claudette McGowan, Protexxa provides a B2B SaaS cybersecurity platform that leverages artificial intelligence. Its AI-powered platform, Protexxa Defender, quickly identifies, evaluates, and resolves cyber issues for businesses and employees, focusing on enhancing individual cyber hygiene to mitigate business risks. They also provide cybersecurity services, including cyber program management and cybersecurity training, for organizations and governments of all sizes.
Funding Details
Company: Protexxa, Inc.
Raised: $10.0M
Round: Series A
Funding Month: July 2024
Investors: Bell Ventures, Sandpiper Ventures, Export Development Canada, BKR Capital, The Firehood Angels, Graphite Ventures, Sonia Baxendale, Geoffrey Matus, Annette Verschuren, Ralph Lean
Company Website: https://protexxa.com/
Software Category: Cybersecurity
Source: https://www.prnewswire.com/news-releases/cybersecurity-startup-protexxa-closes-10m-series-a-largest-round-secured-by-a-black-woman-founder-in-canada-302203907.html