Qohash has secured a $17.4 million Series B funding round led by Fonds de solidarité FTQ, joined by Export Development Canada (EDC) and Desjardins Capital. The company has gained considerable momentum in the financial services, public sector, and high technology industries since its last funding round. The demand for quick-to-implement security solutions that efficiently manage and monitor high-risk files within organizations is rising. Qohash’s Qostodian platform meets this demand by offering rapid deployment, immediate data risk visibility, and control.
The platform uses AI to tailor features to each client’s specific risk profile and business rules, automating responses and offering actionable insights, which streamlines security operations and minimizes the need for extensive manual intervention. This recent investment will fuel the further development of Qohash’s platform and expand its presence in critical sectors where safeguarding sensitive data is paramount.
Words from those involved in the funding round:
“Our clients value our targeted approach that yields tangible risk reduction, avoiding superficial coverage and vanity metrics. The latest funding accelerates our investment in targeted AI capabilities, enhancing our platform to provide more precise and actionable insights for our customers.”
— Jean Le Bouthillier, co-founder and CEO of Qohash
“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.”
— Dany Pelletier, Executive Vice President of Private Equity and Impact Investing at the Fonds de solidarité FTQ
“It is essential to equip and support organizations with cutting-edge technologies to secure their sensitive data. That’s why Desjardins Capital is proud to reinvest in Qohash to expand its innovative cybersecurity solutions to medium and large international companies.”
— Nathalie Bernard, Chief Operating Officer at Desjardins Capital
