This week, Canadian data protection company Qohash revealed it had raised CAD 8 million in Series A funding (approximately USD $6.3 million). FINTOP Capital led the funding.
The Quebec-based company was founded in 2018 and provides clients with applications focusing on data exploration and classification, helping businesses track data through their ecosystems. In addition, it provides security of transparency to help secure data and business processes.
Qohash sells the Qostodian SAAS platform to keep track of data flows and real-time detection of high-risk circumstances for organisations. The organisation also includes the on-site Qohash Recon platform, which aims to identify and categorise confidential data on network drives and servers.
The data protection firm says it is looking to extend its activities across North America.
Customers want the security of knowledge that will change and address new demands. The technologies from Qohash are quick to implement and protect both on-premise and cloud-based outlets. Qohash has helped them accomplish their targets quicker and with greater versatility, partnering with security-conscious, industry-leading companies,” Qohash CEO Jean Le Bouthillier said in a statement.