Sonrai Security, an enterprise cybersecurity company launched by senior executives from Q1 Labs, has closed a US$18.5 million (C$24.6 million) round of venture capital funding, likely the largest VC round in Atlantic Canadian history.

With a development team based in Fredericton, Sonrai was established in 2017 to help large corporations organize and protect their data on the cloud, which is a

Raymond Fitzpatrick was positively giddy about the last deal he signed in 2018 – the US$18.5 million ($24.6 million) financing of Fredericton cybersecurity company Sonrai Security.

Fitzpatrick is the Director of Investment for the New Brunswick Innovation Foundation, the not-for-profit organization that oversees the provincial government’s innovation policy. It invested US$246,000 in the funding

With a new name and brand, MESH/Diversity is now building its client base, aided by a changing attitude among corporations toward diversity and inclusion, or D&I.

The New Brunswick and Toronto-based company launched as Enkidu more than a year ago to provide an online platform that companies or organizations can use to assess whether their culture meets modern D&I standards.

The co-founders –

Propel, the Atlantic Canadian tech accelerator, has announced the 15 companies that will participate in the second phase of its Incite program, which is designed to ramp up sales.

Incite is a virtual program that startup founders can take for up to a year, regardless of where they are in Atlantic Canada. It was designed to overcome two challenges facing a group offering mentorship to tech

A pair of opportunities at our job board partner Alongside headline our Jobs of the Week column today.

Moncton-based Alongside is looking for a Technical Project Coordinator and a Junior Designer, while Halifax-based Dash Hudson is in the market for a Sales Development Representative.

Alongside offers a hiring platform whose goal is to help small and medium-sized businesses find the perfect

Scott Burke smiles as he tells the story of how he came up with the name for his company’s flagship product, Groundhog.

Burke is the CEO of Halifax-based BlockCrushr Labs, which has been experimenting with various cryptocurrency and blockchain products. Last year, it went through two international accelerators, raised US$625,000 (C$825,000) in equity funding and came up with a product that lets

Venn Innovation is looking for applicants for the next cohort of its month-long competitive intelligence workshop led by Jonathan Calof.

Venn, which supports innovation businesses, is offering the course at its Moncton headquarters with the goal of helping companies assess their competitive marketplace. This will be the sixth time that the startup house has offered the program.

Competitive

After receiving surprisingly strong results from its first clinical trials, Halifax-based PhotoDynamic has altered its business strategy to build up more value in the company before contemplating an exit.

PhotoDynamic is developing a device that uses natural extracts from a wild Nova Scotia plant to erase heavy plaque buildup on teeth. Last spring, it took the device through a two-week clinical

Entrepreneurs with early-stage technology startups are invited to apply for this winter’s Evolution program at the Genesis Centre in St. John’s.

Evolution is the innovation hub’s pre-incubator program. The eight-week intensive is designed for young tech start-ups which have less than $1 million in annual revenue and have yet to develop a minimum viable product.

With experiential learning at its

Travis McDonough, the CEO of Halifax-based health data company Kinduct Technologies, has been named to the first ever Sports Leadership Board, an international body that aims to solve problems in sports technology.

Kinduct has developed a platform that provides the world’s largest collection of sports-related health data to athletes, coaches, trainers and sports medicine professionals.