Funding secured for AI data security expansion.
In brief:
Qohash, a leader in data security software, today announced it has secured $17.4m in Series B funding.
This latest financial injection will help Qohash further develop its innovative Qostodian platform. The platform utilises artificial intelligence to manage and secure high-risk data across various sectors including financial services, the public sector, and high technology industries.
The new funds will be directed towards accelerating the development of the Qostodian platform and expanding Qohash’s market reach. This strategic expansion is aimed at addressing the pressing security needs of industries where the protection of sensitive data is paramount.
What does this mean?
Dany Pelletier, Executive Vice President of Private Equity and Impact Investing at Fonds de solidarité FTQ, said, “In today’s fast-paced digital market, Qohash stands out by quickly delivering cutting-edge technologies, such as generative AI, to ensure the cybersecurity of companies here and abroad. The Fonds is proud to invest in a company that rapidly adapts to new technologies and develops its expertise, benefiting the data security of businesses and the public.”
