LifeRaft announces $1.45M equity financing

LifeRaft, a open source intelligence provider for the corporate security industry, has officially announced the closing of a $1.45 million common equity financing.

Mike Durland, former Group Head and CEO of Global Banking & Markets at The Bank of Nova Scotia, led the financing.

LifeRaft intend to use new funding to expand sales and marketing by adding new resources, and to further drive product development to retain and add to the list of major commercial customers around the world.

“This is a strategic round that will allow us to significantly advance our growth and development plans,” said John Gallinaugh, CEO of LifeRaft. “Leading this round is Mike Durland, a sophisticated investor, who sees the value in our solution and clearly recognizes the potential of Liferaft. Mike is a welcomed addition to our team.”

“As technology advances, we need to be continually analyzing how it impacts our security operations,” said Mike Durland, CEO of Melancthon Capital. “LifeRaft’s software offering is truly revolutionizing the way critical information is identified and turned into actionable intelligence. I’m very much looking forward to being a part of the major growth ahead.”

Founded in 2014, LifeRaft’s technology platform identifies potential threats to people and company assets by gathering actionable intelligence from open source channels such as social media, the deep web, and other digital sources, filtering it so only the most critical information is identified.

photo credit: LifeRaft