Halifax's TitanFile, a secure document transfer company, has raised $1.1 million in financing.
This funding round is designed to bring their product out of its pilot program and into the mainstream. The capital was raised from many organizations, including Innovacorp and members of Nova Scotia’s First Angel Network. Described as a professional file sharing and collaboration product, TitanFile allow communication and file sharing amongst their users, on multiple devices, with the focus is on privacy and security.
Milan Vrekic, co-founder and CEO of TitanFile is excited for the launch. "We have seen magnificent traction within our pilot deployments. We are very excited about releasing the product to the general public,” he says.
The product has already been adopted by companies that expect a high level of security and collaboration, such as the Stewart McKelvey law firm, and the University of Florida, among many others.
"Professionals can now communicate with clients and colleagues without worrying about privacy and security, while avoiding the complexity of traditional enterprise solutions,” explains co-founder and CTO Tony Abou-Assaleh.
Based in Halifax and Kitchener, TitanFile is not new to secure collaboration. The Canadian startup has won a handful of awards, including the Canada-U.S. Youth Entrepreneur Innovation Award and the 2010 People’s Choice Cloudy Award for Best Cloud Newcomer at SXSW. Here you can see how TitanFile stacks up against other document sharing services, such as Google Drive, Dropbox, and SharePoint.