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Flying Fish Ventures and Build Ventures lead C$3 million seed funding round for TrojAI Inc.

Fasken
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Overview

Client

Flying Fish Ventures, New Brunswick Innovation Foundation, Concrete Ventures and Build Ventures

On January 7, 2022, artificial intelligence protection startup TrojAI Inc. ("TrojAI") announced that it has has secured $3 million in seed funding round. The round was led by Seattle’s Flying Fish Ventures and the Atlantic Canada venture capital fund Build Ventures, with participation from Techstars, Concrete Ventures, and the New Brunswick Innovation Foundation.

TrojAI develops solutions to protect AI platforms from adversarial attacks on training data and AI models, such as poisoning or embedded Trojan and evasion attacks.

Fasken advised Flying Fish Ventures, Build Ventures, New Brunswick Innovation Foundation and Concrete Ventures with a team comprised of Will Shaw, Jake Woloshyn and Evan Conover in connection with the Series Seed investment.

Jurisdiction

  • Canada

Team

  • Will Shaw, Partner | National Co-Leader, Emerging Technology & Venture Capital, Toronto, ON, +1 416 865 4554, [email protected]
  • Evan Conover, Associate | Mergers & Acquisitions, Toronto, ON, +1 416 943 8974, [email protected]
Will Shaw Toronto Lawyer Will Shaw Partner | National Co-Leader, Emerging Technology & Venture Capital Toronto, ON +1 416 865 4554
Evan Conover Toronto Lawyer Evan Conover Associate | Mergers & Acquisitions Toronto, ON +1 416 943 8974