Cape Breton’s Securicy Raises $5-Million Ahead Of Major Rebrand
CAPE BRETON–Cape Breton company Securicy announced recently it has raised more than $5-million in seed funding.
The company says the $4.1-million USD round was led by new investors Allos Ventures and Build Ventures. Some of the company’s existing investors, like Concrete Ventures and Hub Angels Investment Group, also contributed.
The new funding came at the end of a promising year for the company. In 2021, Securicy doubled in size and saw its customer base triple.
Securicy is an information security and data privacy management platform provider. The Techstars alum simplifies information security and privacy management for B2B software companies selling into large enterprises and highly regulated industries.
“Within our own portfolio of investments, we’ve seen how information security has risen in priority over the past 10 years.” David Kerr, the managing director at Allos Ventures said in a news release. “Securicy makes enterprise-class security accessible to companies of all sizes, enabling them to transform security from a potential liability to a competitive advantage. We’re excited to bring Securicy into the Allos family.”
As Securicy continues to grow, the company is also changing its name.
The same day it announced its seed funding the company also announced a major rebrand.
The company released the first version of its software in 2018 and says it and its platform have since changed significantly.
“That old name, while it’s served us well, no longer quite fits who we’ve become and our vision for the future,” company spokesperson Lorita Ba said in an update.
In light of that, Securicy plans to change its name to Carbide sometime this month.
Ba says the company isn’t yet ready to release all the details “but we promise our mission hasn’t suddenly changed.”
She promised more information is coming soon.
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