Fraud detector MindBridge Analytics seeded with $4.3 mln: report


Copyright: MindBridge Ai

Ottawa fraud detection solution MindBridge Analytics Inc recently secured $4.3 million in a seed-stage financing, according to a report by the Globe and Mail.

The round was backed by Canadian venture capital firm Real Ventures and U.S. firm 8VC, the report said. MaRS Investment Accelerator Fund is among the company’s other investors.

Founded in 2015, MindBridge provides advanced anomaly detection solutions. Its flagship product, Ai Auditor, acquires and analyzes financial data to pinpoint unusual activity using a combination of machine learning, data science and artificial intelligence technologies.

MindBridge is led by CEO Eli Fathi, a Canadian serial entrepreneur. He previously led venture-backed Fluidware Corp, acquired by SurveyMonkey in 2014.

Photo: Eli Fathi, CEO of MindBridge Analytics Inc.

Photo courtesy of MindBridge Analytics Inc