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first funding round for Secure Exchanges

March 12, 2018

Anges Québec, a network of more than 200 investors enabling its members to make profitable investments, just announced a first round of financing with SE.

“Secure Exchanges’ technology solves a major security problem for organizations while minimizing the impact on its users’ workload, which is greatly innovative. The upcoming European law on cybersecurity, which should come into effect in May, makes this a relevant news topic”, adds Patrick d’Astous, PhD and lead investor.

Finally, a control on personal information ... in Europe

On May 25, 2018, Europe will adopt the General Data Protection Regulation (GDPR), which aims to strengthen the protection of individuals' personal information. Although this regulation concerns members of the European Union, any company that does business with one of these countries is concerned. Therefore, any Canadian company dealing with one of the EU countries will have to comply with the GDPR. Secure Exchanges solves the problem of exchanging sensitive information related to this law.

More than 360 billion emails exchanged each day

With the increase of data theft, we are proud that Secure Exchanges’ technology is perceived as a must to protect e-mail exchanges.

We also think of the insurance, law and accounting sectors, which are particularly affected by the exchange of highly confidential messages. And during the current tax period where personal information is quite out there, this announcement comes in handy.

This funding will enable us to accelerate the commercialization of our technology with these mid-size and large companies.

Also in our sights: banking

This funding will help us to complete the proof of concept already begun with certain financial institutions, and to continue the ongoing development of our product.

About Anges Québec

The members of the network have invested more than $ 63 million in the Québec economy since its creation in 2008. This involves more than 150 investments in more than 90 innovative companies. Thanks to its professional development center, Anges Québec supports its members in the constant acquisition of new knowledge and skills inherent in the investment.

Read the news on Anges Québec web site.