Month: January 2019

January 22, 2019
In the News
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Kognitiv Spark Works With Northern UAVs

Kognitiv Spark of Fredericton has announced a partnership that will help communities in the Canadian North benefit from the use of unmanned aerial vehicles, or UAVs. The company issued a press release today saying that it had formed an alliance with LOOKNorth, a Centre of Excellence for Commercializ...

January 16, 2019
Venture Capital
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Sonrai Security Raises $18.5 Million, Launches Cloud Data Control Service

A cybersecurity and cloud data protection startup led by the former co-founder and CEO of Q1 Labs, one of New Brunswick’s best-known startup exit stories, has just closed a Series A funding round of $18.5 million and is set to launch in the coming months. The round was led by Polaris Partners and ...

January 15, 2019
In the News
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Sonrai Closes US$18.5M VC Round

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. Full article on Entrevestor....

January 14, 2019
In the News
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Sonrai Deal Ticks All Boxes for NBIF

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 organizatio...

January 8, 2019
Breakthru
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NBIF Closes ‘Emerging Projects’ Funding Round, Supports 18 Ventures Provincewide

A key aspect of the NBIF’s mission is to support research at its earliest stages. Ideas are always the launching pad for innovation, and without early support, many projects that would otherwise bloom into productive technologies or viable commercial products are instead left to wither on the vine...