Protexxa has successfully raised $10 million in its Series A funding round, marking a significant achievement as the largest round secured by a Black woman founder in Canada.

Information on the Target

Protexxa is a rapidly growing cybersecurity startup located in Toronto, Canada, founded by Claudette McGowan, a recognized leader in information technology and cybersecurity. The company has developed the Protexxa Defender, an AI-powered platform designed to identify, evaluate, and mitigate cybersecurity issues efficiently. The platform targets the significant issue of human error, which accounts for 90% of cyber attacks, by enabling organizations to enhance their cyber hygiene and understand the risks associated with it.

Protexxa offers organizations a comprehensive solution by providing cyber health scores, which assist in identifying critical vulnerabilities, such as exposed passwords and online reputational risks. Moreover, in the event of a cyber attack, the platform offers tailored incident response plans to aid in swift recovery.

Industry Overview in Canada

The cybersecurity industry in Canada is experiencing rapid growth, fueled by increasing digital transformation and the rising sophistication of cyber threats. With organizations transitioning to hybrid work environments and enhancing their online