LifeRaft, a Halifax security intelligence company, has closed a round of funding from the Canadian Business Growth Fund, or CBGF, believed to be worth more than $3 million.
LifeRaft, which said CBGF was the only investor in the round, did not disclose how much money it raised. However, the press release announcing the funding said the Toronto-based fund customarily makes investments of $3 million to $20 million.
The company will use the money for sales, marketing and development of its Navigator product, which alerts companies and organizations if online activity flags a threat to its