Flare sells software to help organizations monitor the web for data leaks, credential theft and cybercrime. White Star Capital and Luge Capital also invested. (The Logic)
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Flare sells software to help organizations monitor the web for data leaks, credential theft and cybercrime. White Star Capital and Luge Capital also invested. (The Logic)
Talking point: Businesses have moved more of their data online since the start of the pandemic, spurring investor interest in cybersecurity startups. Toronto’s 1Password, for example, raised US$620 million in January, setting a record for Canadian tech. In a press release, Flare CEO Norman Mentz said the organization is focused on managing cybersecurity threats specifically for mid-sized organizations, which might not have access to the same resources as larger firms. Founded in 2017, Flare has more than 40 employees and recently expanded to the U.S.
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