Canada

Winterlight Labs takes in funding

Toronto-based Winterlight Labs Inc, a developer of artificial intelligence to help healthcare professionals assess and analyze patients' cognitive health, has secured C$5.6 million in funding. Hikma Ventures, the venture capital arm of Hikma Pharmaceuticals PLC, led the round. Other investors that participated in the round included First Star Ventures, Pacific Health Ventures and Grey Sky Venture Partners.

Roadmap Capital backs Corsa Security

Ottawa, Ontario-based Corsa Security, a provider of scaling network security solutions, has secured C$11 million in funding. The backer was Roadmap Capital. The capital infusion will be used for expansion.

Intelligent automation startup Charli AI lands $1.6 mln seed

Vancouver, British Columbia-based Charli AI, an intelligent automation startup, has secured $1.6 million in seed funding. The investors were Yaletown Partners and BDC Capital.

1Password inks Series A

Toronto-based 1Password, a password manager, has raised US$200 million in Series A funding. Accel led the round with participation from other investors that included Slack Fund. The capital infusion will be used for product investment and expansion.

Consumer research platform Potloc nabs $13 mln in Series A round

Potloc, a Montréal-based provider of consumer intelligence, has raised more than $13 million in a Series A financing. The round, which brings total funding to $17 million, was led by Brightspark Ventures and Investissement Québec and joined by Fonds Ecofuel, Cap Horn and Desjardins Capital​. Founded in 2014 by CEO Rodolphe Barrerre, COO Louis Delaoustre and CTO Jérémy Lagrue, Potloc will use the funds raised for new hires, entering new markets, including the U.S., U.K. and elsewhere in Europe, and developing artificial-intelligence capabilities.

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.