Cybersecurity platform Cybeats pre-seeded in iNovia-led round

Toronto-based cybersecurity company Cybeats has raised an undisclosed pre-seed financing. The round was led by Canadian venture capital firm iNovia Capital, giving Principal Magaly Charbonneau a seat on the board. Maple Leaf Angels, Dr Richard Reiner, Brian O'Higgins and Brian Bourne also invested. Founded two years ago by CEO Dmitry Raidman, VP R&D Peter Pinsker and Embedded Director Vlad Kharbash, Cybeats provides a cyber defense solution for enterprise internet-of-things infrastructure. The funds raised will be used to scale the sales team, develop platform capabilities, and expand into Asian and European markets.

15 January 2018•5 mins read
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