TrojAI Raises CAD$3 Million in Seed Round  

by Kay Aloha Villamor in January 5th, 2022

TrojAI Inc., a Saint John, New Brunswick-based Cybersecurity for AI solutions provider, closes CAD$3 million in seed round was co-led by Seattle's Flying Fish Ventures and Atlantic Canada's largest venture capital fund, Build Ventures. 

This follows a $750K pre-seed round one year ago with Techstars, Concrete Ventures, and the New Brunswick Innovation Foundation, all of which participated in the round.

This new round of funding will be used to expand tooling to protect the entire AI pipeline from training through to deployment. Additionally, this round of funding will help scale the team as new Natural Language Processing protections are added to the TrojAI Platform.

Company: TrojAI Inc

Raised: CAD3.0M

Round: Seed Round

Funding Month: January 2022

Lead Investors: Flying Fish Ventures and Build Ventures

Additional Investors: Techstars, Concrete Ventures, and the New Brunswick Innovation Foundation

Company Website: https://troj.ai/

Software Category: Cybersecurity for AI solutions

About the Company: TrojAI Inc. is a Canadian-based firm developing solutions to protect artificial intelligence platforms from adversarial attacks on training data and AI models, such as poisoning or embedded Trojan and evasion attacks. Focused on computer vision platforms, the data transformation, and model monitoring techniques developed by TrojAI aid in the defense against such attacks and provide incremental improvements in model accuracy and performance. TrojAI’s secure cloud SaaS service also includes a forensically tracked archival repository system to provide customers with a complete solution for peace of mind AI security and brand protection.

Source: https://www.prweb.com/releases/2022/01/prweb18415385.htm

 

 


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