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Western Economic Diversification Makes $475,000 Investment in Victoria-based Cybersecurity firm HYAS InfoSec
Friday, August 17, 2018Company Profile | Follow Company
Victoria, BC, August 17, 2018--(T-Net)--Western Economic Diversification Canada announced that it has made a $475,000 investment in Victoria, BC-based computer & network cybersecurity company HYAS InfoSec through its Western Innovation Initiative (WINN).
The funding was announced at the recent 2018 Aerospace, Defence and Security Expo.
This follows HYAS's recent $6.2 Million Series-A financing round that was led by Microsoft's Venture Fund M12.
"WINN funding will help HYAS Infosec Inc. - a Vancouver Island-based information security firm - to commercialize their next generation cybersecurity platform while creating new economic opportunities and employment in the fast-growing threat intelligence sector right here in B.C" stated WD in its press release.
"Cybersecurity innovation is absolutely critical to the public sector and we're proud to have the support of WD, an esteemed local investor that believes in the importance of taking cybercriminals off the map. Our mission is to provide business owners with the advanced tools they need to effectively prevent cyberattacks and identify the individuals behind them. This new funding will greatly enhance our ability to deliver on that mission while cultivating an exceptional company culture that attracts Canada's best talent in the process." said Jeff Spencer, Chief Operating Officer, HYAS Infosec Inc.
Quick facts
About HYAS
HYAS is a venture-backed startup that provides attribution intelligence tools to help infosec and cybersecurity professionals identify threats and the cybercriminals behind them. Its online detection, analysis and investigation tools are powered by exclusive datasets that give HYAS an unparalleled view into malicious activity and the infrastructure used to conduct it. Its proprietary database of cybercrime indicators contains billions of data points, with millions of new points added every day. Unlike other cybersecurity service providers, HYAS focuses on pinpointing the perpetrators of these digital attacks and works closely with clients and international law enforcement to bring them to justice.
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