Cape Breton’s Securicy Raises $5-Million Ahead Of Major Rebrand

Cape Breton’s Securicy Raises $5-Million Ahead Of Major Rebrand

Originally posted on Huddle.

The Sydney-based startup announced they received $4.1 million in their most recent round of seed funding from new investors Allos Ventures and Build Ventures with contributions from current investors Concrete Ventures and Hub Angels Investment Group.

The new funding comes after a high growth year for Carbide (formerly Securicy) where they saw the company double in size and their customer base triple.

“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. “[Carbide] 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 [Carbide] into the Allos family.”

Read the article in Huddle to learn more about Carbide’s more recent round of seed funding.