inBay Technologies wins $1 mln in pre-Series A's second tranche
Ottawa-based cybersecurity software company inBay Technologies Inc has raised an additional $1 million in the second tranche of its pre-Series A financing, bringing the total to more than $2 million. Japanese consulting and business alliance company Global Alliance Inc led the second tranche. It joins Ramphastos Investments and Tongda One Partners, which co-led the round's initial tranche. Shane Young, president and CEO of inBay, said the latest funds raised will help commercialize the company's password-less authentication solution for enterprises, idQ TaaS, and create new market opportunities in Japan.
14 February 2018•3 mins read
