The company offers a global disruption monitoring tool, delivering real-time crisis alerts powered by AI. Its successful financing round was led by Toronto-based McRock Capital, along with HarbourVest, Export Development Canada, and participation from several existing shareholders.
The business is headquartered in Edmonton, with offices in London, U.K. Most of the new hires will be in Edmonton, plus some in a few other locations.
CEO James Neufeld said there are no current plans for new major offices or location expansions.
"Being based in Edmonton has helped us massively in building a strong corporate culture," Neufeld told Taproot.
"Edmonton's strength is in its down-to-earth, hard-working, and diverse people. This helps us build a company that clients love to work with, and allows us to scale a company with empathic people who care deeply about the problems they're solving and the customers they're serving. This is often overlooked, but is truly a competitive advantage and something I can't say enough."