Cape Privacy, which provides machine learning solutions for encrypted data, has raised US$20 million (C$25 million) to help develop its platform and find more clients in financial services and other markets.
The broadly subscribed funding round was led by Evolution Equity Partners, which is headquartered in New York and Palo Alto.
Cape Privacy, which booked a US$5 million seed round last year, was founded three years ago by a nucleus of tech entrepreneurs who had worked at or orbited around GoInstant, a Halifax startup bought by Salesforce.com in 2013. GoInstant Co-Founder Gavin Uhma is