Data Discovery and Cybersecurity Start-up Cavelo Inc. Announces $1.3M CAD Pre-seed Funding Round
Summary
Cavelo Inc. today announced $1.3M CAD in pre-seed financing led by MaRS Investment Accelerator with participation from strategic angels. The investment will support the company’s hiring efforts and platform development to meet growing customer demand across North America. The Cavelo platform helps businesses discover, classify, track and manage sensitive data in alignment to industry and regulatory reporting requirements. The Cavelo platform offers businesses an affordable and scalable solution to support data protection and achieve regulatory compliance.” Cavelo serves businesses of all sizes as well as channel partners including IT services vendors, managed security service providers (MSSPs) and compliance consultants. The Cavelo platform closes an important gap in the cybersecurity and data privacy landscape as distributed networks become more common.