Halifax-based QRA Corp., which provides natural language processing for complex engineering tasks, has closed a US$3 million (C$3.8 million) funding round to enhance its business development and customer service teams.
The venture capital funds participating in the round are Paris- and San Francisco-based Newfund and BDC Capital, both of which are first-time QRA investors, and returning investor Innovacorp. BDC Capital, part of the federal government’s Business Development Bank of Canada, made the investment through its Bridge Financing Program, which was announced when the pandemic broke