CryptoNumerics raises $3.3 million CAD seed funding for data analytics, privacy software
Summary
A new Toronto-based enterprise software company, CryptoNumerics, announced today that it has raised a $3.3 million CAD seed funding round, and is launching a free, downloadable version of its AI-powered data privacy analytics tool, CN-Protect. The funding round was led by 11.2 Capital, an early stage VC firm based in San Francisco focused on investing in enterprise software security, virtual and augmented reality, and healthtech. She wanted to help protect the quality of businesses’ data and it was at CDL that she met and drew the attention of her four fellow co-founders, who felt she was trying to solve a really important problem. Along with Holboke, CryptoNumerics lists among its founders, Ash Munshi former CTO at Yahoo, and current fellow at CDL, Jimmy Fan, a former engineer with Nvidia and BlackBerry, Roberto Cervantes, a founder with a background in businesses analytics, as well as Hassan Bhatti, an entrepreneur having founded a number of companies, who also helped to launch CDL’s quantum machine learning incubator. “Today there are few things happening in the world, on one side consumers expect better and contextual experiences, but they do not want their privacy to be compromised as businesses try to provide them better products,” Bhatti told BetaKit.