Secure Exchanges closes first funding round with Anges Québec
March 12, 2018
Montreal, March 12, 2018 – Quebec-based IT startup Secure Exchanges recently closed its first funding round with Anges Québec. Based in Drummondville, Secure Exchanges builds a technology which ensures safe email trading from start to finish.
More than 360 billion emails are exchanged throughout the world every day (spam excluded). A vast majority of them contain confidential information.
“Secure Exchanges’ technology solves a major security problem for organizations while minimizing the impact on its users’ workload, which is greatly innovative. The upcoming European law on cybersecurity, which should come into effect in May, makes this a relevant news topic” adds Patrick d’Astous, PhD and lead investor.
The technology, currently in the patent registration process, ensures the security of an email without the use of a third-party application. Easily integrated to conventional email servers, the adoption of stricter corporate security norms is non-invasive for users.
“This funding round will allow us to accelerate the commercialization of our solution to medium and large businesses of the insurance, legal and accounting sectors, while recruiting the right resources to complete our proof of concept for the financial sector” concludes Cédric Boivin, founder and CEO of Secure Exchanges.
About Secure Exchanges
Based on several years of experience developing security applications, the Secure Exchanges adventure began three years ago. Due to its innovative technology, Secure Exchanges is the evident choice for any organization looking to ensure the confidentiality of its communications.
About Anges Québec
Anges Québec is the largest group of angel investors in Québec. Its mission is to allow its more than 200 members to make profitable investments. The members of Ange Québec have invested to date over $63 M in the Québec economy, totalling over 150 investments in more than 90 innovating companies. Thanks to its professional development center, Anges Québec supports its members in their ongoing acquisition of new skills and knowledge inherent to investing.