TrojAI Raises CAD$3M in Seed Funding

TrojAI, a Saint John, NB, Canada-based provider of a cybersecurity platform for AI Solutions, raised CAD3M in Seed funding.

The round was led by Build Ventures and Flying Fish Venture.

The company intends to use the funds to scale the team and to expand tooling to protect the entire AI pipeline from training through to deployment including:

(i) protecting training data from data poisoning which can occur at multiple stages through the data supply chain,

(ii) model evasion attacks which bad actors can use to fool deployed models and

(iii) tracking robustness of models to both naturally occurring and malicious long-tailed edge cases.

Led by CEO James Stewart, TrojAI dedicated to building cybersecurity solutions to enhance and protect AI innovations from both naturally occurring and adversarial ‘data poisoning’ and ‘model evasion’ attacks which can adversely influence model behaviours.

Over the past year, the company has participated in the Techstars Montreal AI accelerator, the Rogers Cyber Catalyst program out of Ryerson University, the Global Affairs Canadian Technology Accelerator (CTA) for Cybersecurity and is currently working with Venture Lab and Creative Destruction Lab, both out of Toronto, Canada.