Qohash, a Québec, Canada-based startup specializing in AI and cybersecurity, has secured a $17.4 million Series B financing, bringing its total funding to over $25 million. 

Investors

The round was led by Fonds de solidarité FTQ, with participation from Export Development Canada and existing investor Desjardins Capital. 

Founded in 1983, Fonds de Solidarité FTQ is a development capital fund company that offers local savings solutions to Québecers and financing to local businesses. Based in Montreal, Canada, they invest in small and medium-sized businesses.  

Qohash Use of Funds

With this funding, Qohash aims to enhance its platform with targeted AI capabilities and expand its presence in sectors prioritizing sensitive data protection. 

About Qohash

Qohash is a company that offers a data-security platform aimed at helping businesses proactively identify risks with their sensitive data. The company uses AI to automate responses and provide actionable recommendations to discover, classify, track, and secure high-risk internal files. Its platform automatically finds, inventories, and continuously monitors individual data elements across workstations, attached and shared drives, and Microsoft 365 cloud apps. Their clientele includes Desjardins, the Canadian Automotive Association, the US National Parks Conservation Association, and the Security Bank of Kansas City. 

Funding Details

Company: Qohash, Inc.

Raised: $17.4M 

Round: Series B 

Funding Month: April 2024 

Investors: Fonds de solidarité FTQ 

Additional Investors: Export Development Canada, Desjardins Capital 

Company Website: https://qohash.com/ 

Software Category: Cybersecurity 

Source: https://betakit.com/qohash-secures-17-4-million-in-series-b-funding-for-data-security-platform/