Flare

The Flare Threat Exposure Management (TEM) solution empowers organizations to proactively detect, prioritize, and mitigate the types of exposures commonly exploited by threat actors.

Cybersecurity

Latest funding

$30M Series B+ · December 1, 2024

Led by Inovia Capital · Source: startupintros.com

Total raised: $68M across 4 sourced rounds

All 4 rounds ↓

Website: flare.io.

X: @flaresystems · 1,565 followers.

LinkedIn: linkedin.com.

Category: Cybersecurity.

Sectors: Artificial Intelligence (AI), Cyber Security, Information Technology.

Stage: Series B+.

Based in: Montreal, Canada.

Founded: 2017.

Total raised: $68M in 4 sourced rounds.

Last round: Dec 1, 2024 · 705 days ago.

Headcount: 101–250 employees.

On Recent Funding since: Oct 19, 2026.

Signals

X account@flaresystems · created Jul 17, 2020 (6 years old) · 1,565 followers

Website registeredMay 30, 2011 (15 years old)

About Flare

Our platform automatically scans the clear & dark web and prominent threat actor communities 24/7 to discover unknown events, prioritize risks, and deliver actionable intelligence you can use instantly to improve security.

TIMELINE · MONEY RAISED

Flare | 3019 days on the record

@flaresystems·Raised $68M in 4 sourced rounds

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

December 1, 2024
Series B+ · $30M
IInovia Capital (lead), BBase10 Partners, WWhite Star Capital
Source: startupintros.com
June 1, 2022
Series A · $7M
IInovia Capital (lead), LLuge Capital, WWhite Star Capital
Source: startupintros.com
November 1, 2020
Series B+ · $16M
Source: startupintros.com
July 17, 2020
X account created
August 1, 2018
Series B+ · $15M
Source: startupintros.com
May 30, 2011
Website created

Founders and team

DH
David Hetu Founder

LinkedIn
IH
Israel Halle Founder

LinkedIn
ML
Mathieu Lavoie Founder

LinkedIn
YT
Yohan Trepanier Founder
DW
Drew Wilkinson CCO
EC
Eric Clay Chief Marketing Officer
JH
Jason Haddix Field CISO
NM
Norman Menz Chief Executive Officer
SA
Sonia Arcieri Chief Revenue Officer

Acquisitions

Acquired company	Price	Announced
FForetrace	Not disclosed publicly	Date not given

Investors

Companies like Flare

RRecorded FutureSeries A · Apr 2026
CCyCognito$100M Series B+ · Dec 2021
NNucleus Security$20M Series B+ · Feb 2026
SSummation$35M Series A · Oct 2025
DDoppel$70M Series B+ · Nov 2025
LLumos$35M Series B+ · May 2024

Other companies backed by Inovia Capital

PPhysicl$10M Seed · Nov 2026
WWealthsimple$425M Series B+ · Oct 2026
FFeldera$15.4M Series A · Jul 2026
Ggaiia$40M Series B+ · May 2026
SSentra$5M Seed · Jan 2026
TTulip Retail$120M Series B+ · Jan 2026

Inovia Capital portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/flare-2 (get a free API key).