On April 3, 2024, TrojAI Inc. ("TrojAI"), a leading provider of enterprise artificial intelligence (AI) security solutions, announced the successful closure of a US$5.75 funding round of additional seed capital. The funding round was led by existing investor Flying Fish, with participation from current investors including Build Ventures and Techstars, as well as new investors Alteryx Ventures and Flybridge Capital Partners.
TrojAI intends to use the proceeds of the financing to fund expansion of its operations to the US, accelerate product development initiatives, amplify sales and marketing initiatives, and solidify its foothold in the industry.
Fasken advised Flying Fish with a team comprised of Will Shaw, Alec McIlwraith-Black and Isabelle Savoie (Articling Student).
Jurisdiction
- Ontario
