Auditing solution MineBridge Ai secures $15.1 mln in VC: G&M

MindBridge Analytics Inc (MineBridge Ai), an Ottawa-based auditing software platform, has raised $15.1 million in follow-on financing, according to a report by the Globe and Mail. The round was led by U.S. business software venture capital firm PeakSpan Capital, the report said. It was joined by Real Ventures, Reciprocal Ventures, National Bank of Canada and The Group Ventures, all of which invested in last year's $8.4 million Series A financing. MindBridge Ai will also receive $14.5 million from Ottawa's Strategic Innovation Fund, the report said. Founded in 2015 by CEO Eli Fathi and CSO Solon Angel, MindBridge Ai uses artificial intelligence and machine learning to help auditors uncover errors and misstatements in financial data.