ISARA nabs $13.2 mln in Shasta Ventures-led Series A round
ISARA Corp, a Waterloo-based quantum-safe security software company, has raised about $13.2 million (US$10 million) in a Series A financing. The round was led by Shasta Ventures, a U.S. venture capital firm. It follows an earlier $15.1 million (US$11.5 million) financing by Mike Lazaridis' Quantum Valley Investments. Additional investors will be announced in the weeks ahead. Founded in 2015 by CEO Scott Totzke and CTO Mike Brown, ISARA develops agile quantum-safe technology solutions to help corporate and government organizations address emerging security threats posed by quantum computing. It plans to use the funds raised for global growth.
19 November 2018•4 mins read
