Sonrai Security launches with $24.5 mln Series A financing
Sonrai Security, a Fredericton-based provider of cloud data control and compliance solutions, has officially launched with the close of a $24.5 million (US$18.5 million) Series A financing. U.S. venture capital firms Polaris Partners and TenEleven Ventures led the round. They were joined by New Brunswick Innovation Foundation. Sonrai was founded two years ago by CEO Brendan Hannigan and CTO Sandy Bird, who formerly led Fredericton-born security intelligence software company Q1 Labs, acquired in 2011 by IBM. The company's technology provides enterprise users with end-to-end data security and compliance across a range of cloud platforms.
15 January 2019•5 mins read
