About Protexxa
Protexxa is a company based in Toronto (Canada) founded in 2021 by Claudette McGowan.. Protexxa has raised $10.15 million across 2 funding rounds from investors including BCE, Export Development Canada and Sandpiper Ventures. Protexxa offers products and services including Defender Platform, Cybersecurity Services, and Cybersecurity Training. Protexxa operates in a competitive market with competitors including Coalfire, Tripwire, XM Cyber, FireMon and Axio Global, among others.
- Headquarter Toronto, Canada
- Founders Claudette McGowan
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Protexxa Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.15 M (USD)
in 2 rounds
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Latest Funding Round
$7.2 M (USD), Series A
Jul 23, 2024
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Investors
BCE
& 9 more
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Employee Count
Employee Count
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Products & Services of Protexxa
Protexxa offers a comprehensive portfolio of products and services, including Defender Platform, Cybersecurity Services, and Cybersecurity Training. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool to identify and resolve cyber threats for businesses.
Support for managing and implementing cyber programs effectively.
Programs to educate teams on preventing and handling cyber risks.
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Funding Insights of Protexxa
Protexxa has successfully raised a total of $10.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.2 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.2M
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First Round
First Round
(27 Oct 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Protexxa | Valuation | BCE , Sandpiper Ventures | |
| Oct, 2022 | Amount | Seed - Protexxa | Valuation | BKR Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Protexxa
Protexxa has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include BCE, Export Development Canada and Sandpiper Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided to women-led technology companies.
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Early-stage venture capital investments are provided by Graphite Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Protexxa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Protexxa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Protexxa Comparisons
Competitors of Protexxa
Protexxa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coalfire, Tripwire, XM Cyber, FireMon and Axio Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IT security governance, risk, and compliance solutions are provided.
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| domain | founded_year | HQ Location |
Cybersecurity solutions are provided for integrity and compliance management.
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| domain | founded_year | HQ Location |
Cyber risk and vulnerability assessments are provided for enterprises.
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| domain | founded_year | HQ Location |
Vulnerability assessment and management solutions for networks are provided.
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| domain | founded_year | HQ Location |
Cyber risk management, mitigation, and insurance solutions are provided.
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| domain | founded_year | HQ Location |
Provides solutions for third party, supply chain and enterprise risk management
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Protexxa
Frequently Asked Questions about Protexxa
When was Protexxa founded?
Protexxa was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Protexxa located?
Protexxa is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Protexxa?
Claudette McGowan is the current CEO of Protexxa. They have also founded this company.
Is Protexxa a funded company?
Protexxa is a funded company, having raised a total of $10.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.95M, raised on Oct 27, 2022.
What does Protexxa do?
Protexxa was founded in 2021 in Toronto, Canada, as a B2B SaaS platform in the cybersecurity sector. Cyber risks and vulnerabilities are identified, evaluated, predicted, and resolved for employees through artificial intelligence. The service focuses on rapid issue management within organizational environments, supporting businesses in maintaining security protocols across operations.
Who are the top competitors of Protexxa?
Protexxa's top competitors include Coalfire, Tripwire and Axio Global.
What products or services does Protexxa offer?
Protexxa offers Defender Platform, Cybersecurity Services, and Cybersecurity Training.
Who are Protexxa's investors?
Protexxa has 10 investors. Key investors include BCE, Export Development Canada, Sandpiper Ventures, BKR Capital, and The Firehood.