MindBridge Analytics completes seed financing led by 8VC

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 $Subscriber ONLY content. We offer monthly/yearly recurring or one-time subscriptions.

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.

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.