Ottawa-based MindBridge AI raises $4.3M seed round

MindBridge AI needs to expand to meet demand, and founder Solon Angel says its $4.3-million seed round is just enough to take the company to the next level. The Ottawa-based firm develops artificial intelligence technologies aimed at preventing fraud, alerting auditors to suspicious or anomalous activity in the books. Just a few months ago, MindBridge AI was selected to participate in the Bank of England's FinTech accelerator program, where it will use its AI Auditor tool in collaborations with the massive institution. The round, which officially closed last Friday, includes members of Ottawa's Capital Angel Network and Fresh Founders, as well as funds such as Toronto-based MaRS Investments and Montreal-based Real Ventures. Mr. Angel tells OBJ that the round will allow MindBridge AI to meet the international demand for its product.