MindBridge Ai nabs $8.4 mln in Real Ventures-led Series A

Ottawa-based financial technology startup MindBridge Analytics Inc has raised $8.4 million in a Series A financing, bringing its total funding to $15 million. Real Ventures, which invested in MindBridge Ai's seed financing last June, led the Series A round. It was joined by Reciprocal Ventures, National Bank of Canada, The Group Investment and 8VC. MindBridge Ai's platform uses machine learning and artificial intelligence to detect anomalous patterns of activities, unintentional errors and intentional misstatements to help organizations minimize financial loss and reduce liability. Founded in 2015, the company is led by CEO Eli Fathi.

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