# Flare Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flare-systems

- Industry: IT Security/Cybersecurity
- Headquarters: Montreal, Canada
- Website: www.flare.io
- Total disclosed funding: $56M
- Latest round: Series B (Nov 5, 2025)
- Investors on record: 6

## About

Based in Canada, Flare Systems Inc., provides advanced cybersecurity solutions through its Threat Exposure Management platform, enabling organizations to monitor and protect their digital assets effectively.
Based in Canada and founded in 2017, Flare Systems Inc. specializes in cybersecurity technologies, focusing on threat exposure management to safeguard sensitive data. The founders include Israel Halle, Mathieu Lavoie, Norman Menz, and Yohan Montpetit, with Norman Menz currently serving as CEO. In November 2025, Flare Systems Inc. raised USD 15 million series B funding led by Inovia Capital, with participation from Base10 Partners and White Star Capital. The company also raised USD 15 million in debt venture funding from Bank of Montreal. The round was part of a larger USD 30 million series B and debt funding.
Flare Systems specializes in cybersecurity solutions through its Threat Exposure Management (TEM) platform. This platform offers continuous monitoring of digital footprints to protect organizations' sensitive information and financial resources. It provides real-time alerts by scanning the internet for exposed enterprise assets, allowing security teams to address potential threats swiftly. Utilizing a 5-point scoring system to prioritize data leaks, the platform integrates with existing security protocols and can be operational in about 30 minutes. Flare's clientele includes federal law enforcement agencies, Fortune 50 companies, and financial institutions, serving diverse sectors that require strong cybersecurity measures.
 Flare operates on a subscription-based model, offering tiered access to its cybersecurity platforms and services to clients, including large corporations and managed security service providers. Subscription offerings typically involve annual or monthly agreements tailored to specific security requirements, reflecting the comprehensive capabilities of the TEM platform. This includes features for dark web monitoring, threat intelligence, and automated remediation, which enhance organizations' cybersecurity posture. Additionally, by collaborating with other security technology providers and integrating with leading SIEM, SOAR, and ticketing solutions, Flare maintains a robust market presence and a steady revenue stream from its expanding client base.
The company plans to use the November 2025 funding to enhance its identity exposure management capabilities and pursue strategic acquisitions.

## Funding rounds

- Series B, Nov 5, 2025, $15M — Inovia Capital, White Star Capital, Base10 Partners
- Series B, Dec 11, 2024, $30M — Inovia Capital, White Star Capital, Base10 Partners, Fonds de solidarite FTQ
- Series A, Nov 30, 2022, $2.2M — Seido Capital, Fonds de solidarite FTQ
- Series A, Jun 9, 2022, $7.4M — Inovia Capital, White Star Capital, Luge Capital
- Seed, Oct 17, 2019, $1M — White Star Capital, Luge Capital

## Investors

- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Seed, Series A, Series B
- Luge Capital (https://capitalatlas.ai/funds/luge-capital) — Seed, Series A
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A, Series B
- Seido Capital (https://capitalatlas.ai/funds/seido-capital) — Series A
- Fonds de solidarite FTQ (https://capitalatlas.ai/funds/fonds-de-solidarite-ftq) — Series A, Series B
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series B