Ara Labs raises $500k to bring new Internet security solution to market
Ara Labs Security Solutions Inc, a Fredericton, New Brunswick-based provider of Internet security services, has received $500,000 in financing. The company's backers, Canadian venture capital firms New Brunswick Innovation Foundation (NBIF) and Technology Ventures Corp, each contributed $250,000 to the deal. Investment proceeds will be used to bring to market Ara Labs' software-as-a-service technology, which detects, reports and mediates malware and botnet activity across the Internet in real-time. Ara Labs was founded by Hadi Shiravi, Ehsan Mokhtari and Ali Shiravi, all PhD candidates in computer science at the University of New Brunswick.
10 February 2014•3 mins read
