Cloud computing company hits new fundraising heights
October 11, 2012
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…
“We want to hire more people in the marketing and sales side and expand our U.S. presence,” he said an interview Wednesday, noting that TitanFile’s key clientele are professionals such as lawyers, accountants and investment bankers in the Boston and New York areas…
Read more from the source @ http://thechronicleherald.ca/business/146252-cloud-computing-company-hits-new-fundraising-heights