Canada

Pcysys amasses Series A

Pcysys, a cybersecurity risk validation startup, has raised US$10 million in Series A funding. Canadian venture firm Awz Ventures and Blackstone were the lead investors. The company has raised US$15 million to date. Pcysys has offices in Israel, New York City, Toronto and the UK.

Two Hat Security pulls in $7.5 mln

Canada and Fairfax, Virginia-based Two Hat Security, a provider of AI-powered content moderation solutions, has raised C$7.5 million in new funding. Tam Holdings led the round with participation from Makers Fund and Taubman Capital. The capital will be used to grow Two Hat’s team, ramp up marketing and customer acquisition and develop additional capabilities in Two Hat’s platform.

Vistara provides growth capital to Kore.ai

Orlando, Florida and India-based Kore.ai, a conversational AI platform provider, has secured growth capital from Vancouver, British Columbia-based Vistara Capital Partners. The capital infusion will be used to advance Kore.ai's technology for the enterprise sector and accelerate its global growth initiatives. Marlin & Associates served as strategic and financial adviser to Kore.ai for this transaction.

Threekit scores $20 mln Series A

Chicago-based Threekit, a product visualization software platform, has secured $20 million in Series A funding. Shasta Ventures led the round with participation from other investors that included Salesforce Ventures and former San Francisco 49ers Hall of Famer Steve Young. Threekit has a technology innovation centre in Ottawa.

CIBC backs Madwire

CIBC Innovation Banking, the tech lending arm of Canadian bank CIBC, has provided US$16 million to Fort Collins, Colorado-based Madwire, a provider of software and services for small-to-medium-sized businesses. Also, CIBC provided a US$6 million loan to back Madwire's acquisition of Austin-based SpaceCraft, a cloud-based website development and management platform.

Alston Investments buys home decor retail chain Bouclair

Alston Investments Inc, a new firm formed by Canadian investors with "significant" retail experience, has agreed to acquire Montreal-based Bouclair Inc, a home decorating retail chain. No financial terms were disclosed. The deal is expected to close before the end of the year.

Reonomy pulls in $60 mln Series D

Digital Colony buys Beanfield Technologies

Digital Colony, Colony Capital's global digital infrastructure investment platform, has acquired Toronto-based Beanfield Technologies, an independent bandwidth infrastructure provider. No financial terms were disclosed. Davies Ward Phillips & Vineberg LLP served as legal counsel to Digital Colony Partners while DLA Piper provided legal counsel to Beanfield, with The Bank Street Group LLC acted as the firm's financial adviser.

TSCP buys T-Base

Thompson Street Capital Partners has acquired Ottawa, Ontario-based T-Base Communications Inc, a provider of accessible communications technology. Baird was financial adviser to T-Base on the deal. No financial terms were disclosed.

FinDev Canada invests in Alitheia DIF

FinDev Canada has invested US$7.5 million in Alitheia IDF, a fund supporting women-owned and led businesses in Sub-Saharan Africa.