MindBridge Analytics completes seed financing led by 8VC

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By Ted Liu

MindBridge Analytics Inc., an Ottawa based FinTech company using artificial intelligence (AI) technologies to detect fraudulence, has completed a seed add-on financing led by 8VC, bringing the total seed round to $4.3 million. 8VC joined existing investors, Real Ventures and MaRS Investment Accelerator Fund (IAF) and a group of angel investors.

MindBridge Analytics raised $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content. We offer monthly/yearly recurring or one-time subscriptions. [/mepr-active][mepr-active rule=”374″]1.77 million in 2016 in two closings led by Real Ventures[/mepr-active]

Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional financial misstatements. Using the MindBridge AI Auditor, organizations across multiple industries can minimize financial loss, reduce corporate liability and enhance their professional judgment.

Formerly known as Squanto Inc., MindBridge Analytics was founded in 2015 by CEO Eli Fathi and Chief Strategy Officer Solon Angel.