Cloud computing company hits new fundraising heights
Grazed from TheHeroldOnline.ca. Author: Brett Bundale.
A Halifax cloud computing startup has raised $1.1 million to advance its file-sharing technology and expand into new markets. TitanFile Inc.’s latest round of fundraising is backed by Innovacorp, the provincial government’s high-tech funding body, the First Angel Network, and a handful of private donors.
The fledgling firm, which specializes in encrypting data to help organizations and individuals share documents securely over the Internet, has diluted its shares by 30 per cent as a result of the financing. Co-founder and chief executive Milan Vrekic, 27, said the cash will help the startup break into the lucrative United States market with its latest technology…


Dell today is announcing a host of new and enhanced industry-leading cloud client computing solutions (