Tech Company Financing Transactions
Ara Labs Funding Round
Ara Labs secured a $50 million funding round on 9/26/2023. Backers included private investors.
Transaction Overview
Company Name
Announced On
9/26/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company plans to invest the cash in expanding its advertising display business for electrical vehicle chargers, according to the sources. What we're watching: Ara Labs could be acquired instead, as the company has seen takeover interest during the fundraising process and is working with an unnamed investment bank, one of the sources says.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
46 Dineen Dr.
Fredericton NB, E3B 9W4
Canada
Fredericton NB, E3B 9W4
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Ara Labs Security Solutions pro-actively looks for malware infections across the Internet. It gathers a massive volume of malicious software distributed by hackers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ali Ghorbani
Chief Technical Officer
Hadi Shiravi
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We do our best to report on all VC transactions involving tech companies. VC transactions on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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