San Francisco-headquartered venture capital firm Base10 Partners led the investment in Flare, a Montreal-based firm that identifies and manages exposure to online threats. Inovia Capital, White Star Capital and Fonds de solidarité FTQ also participated in the round. (The Logic)
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San Francisco-headquartered venture capital firm Base10 Partners led the investment in Flare, a Montreal-based firm that identifies and manages exposure to online threats. Inovia Capital, White Star Capital and Fonds de solidarité FTQ also participated in the round. (The Logic)
Talking point: The company, which serves small and medium-sized enterprises, plans to use some of the funding to further expand into the EU and grow its business in North America and Europe, it said in a press release. Although it doesn’t disclose its revenue, Flare said it had triple-digit growth in 2023 and 2024, amid a surge in malware that collects login credentials. Flare’s latest tool identifies signs on the dark web that customers’ logins were compromised and automatically resets passwords before they can be used.
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