Feroot, an AI startup focused on compliance, raised $14 million in a Series A round led by True Ventures, with participation from Y Combinator and others.
Amount Raised
$14 Million
Round Type
Series A
TorontoArtificial IntelligenceSecurityMachine LearningLegalInvestors
Description
Feroot, an AI startup based in Canada, raised $14 million in a Series A funding round led by True Ventures. The funds will help further develop their technology that scans apps and websites for compliance with privacy laws. With participation from Y Combinator, Preface Ventures, and Industry Ventures, Feroot aims to assist startups in avoiding costly compliance issues. This funding comes as legislators take notice of the importance of digital compliance.
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What this usually meansFeroot raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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