# MindBridge Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindbridge-analytics

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.mindbridge.ai
- Total disclosed funding: $28M
- Latest round: Series B (Jun 12, 2019)
- Investors on record: 8

## About

Established in 2015 and based in Ontario, Canada, MindBridge Analytics Inc. develops software solutions that detect anomalous patterns of activities, unintentional errors, financial risks, and many more. In July 2023, the firm raised USD 60 million in growth funding from investor PSG Equity. As of 2024, the company is headed by its CEO Stephen DeWitt. The company was founded by Solon Angel.

The company offers artificial intelligence-based data-driven analytics solutions that can be used for internal controls, financial risk discovery, and audits across various sectors. The firm AI platform facilitates general ledger analysis, company card risk analysis, payroll risk analytics, revenue risk analytics, and vendor invoice risk analytics.

The company plans to use the July 2023 funding for global expansion and general corporate purposes.

## Funding rounds

- Series B, Jun 12, 2019, $15M — Real Ventures, National Bank of Canada, PeakSpan Capital, Reciprocal Ventures, The Group Ventures
- Series A, May 1, 2018, $8.4M — Real Ventures, Toronto Investment Group, National Bank of Canada, 8VC, Reciprocal Ventures
- Seed, Jun 19, 2017, $4.3M — Real Ventures, MaRS Investment Accelerator Fund, 8VC

## Investors

- Real Ventures — Seed, Series A, Series B
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed, Series A
- Toronto Investment Group — Series A
- National Bank of Canada — Series A, Series B
- Reciprocal Ventures (https://capitalatlas.ai/funds/reciprocal-ventures) — Series A, Series B
- PeakSpan Capital (https://capitalatlas.ai/funds/peakspan-capital) — Series B
- The Group Ventures (https://capitalatlas.ai/funds/the-group-ventures) — Series B