On March 13, 2019, CryptoNumerics announced the completion of its $3.3 million seed financing round, led by 11.2 Capital with participation from Lux Capital and Silicon Valley Data Capital. CyrptoNumerics will use the seed funding to grow its engineering team, and continue to focus on building out its R&D team. The company also plans to use the funding to grow its marketing strategy and sales pipeline as it brings its software to market.
CryptoNumerics is a Toronto-based enterprise software company that uses artificial intelligence and machine learning, which allows companies to comply with regulations and protects consumer privacy while maintaining data quality for analytics.
Osler, Hoskin & Harcourt LLP represented CryptoNumerics with a team led by Chad Bayne that included Gary Marshall and Alana McElhinney (Emerging and High Growth Companies).