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§ Private Profile · Montréal, QC, Canada
Threat Exposure Management platform scanning clear, deep, dark web to detect external cyber threats for organizations, focused on financial services.
Flare is a Montreal, Quebec-based Threat Exposure Management platform that scans the clear, deep, and dark web to detect, prioritize, and remediate external cyber threats for organizations. The subscription-based SaaS platform utilizes artificial intelligence to monitor for data leaks, stolen credentials, and threat actor communications, integrating directly with existing SIEM and SOAR systems. Operating with a workforce of 61 employees, the enterprise generates approximately $13.1 million in annual revenue while primarily serving the financial services sector alongside partners like Secure Ideas. The company has raised $37.4 million in total funding, including a $30 million Series B round led by Base10 Partners, and in 2024 acquired Foretrace to accelerate its market expansion. Flare was founded in 2017 by Mathieu Lavoie, Israël Hallé, and Yohan Trépanier Montpetit, and is currently led by CEO Norman Menz.
Flare has raised $75.2M across 5 funding rounds.
Flare has raised $75.2M in total across 5 funding rounds.
Flare has raised $75.2M in total across 5 funding rounds.
Flare's investors include Base10 Partners, iNovia Capital, Point72 Ventures, Andrew Baines, Album VC, Balderton Capital, FTAC Ventures, Incite Ventures, Kickstart Fund, David Fite, Malcolm Turnbull, Acorn Capital.
Direct answer: Flare is a technology company; depending on context there are (at least) two active firms called “Flare” with distinct businesses—Flare (Threat Exposure Management / cybersecurity), founded in 2017 in Montreal, and Flare (legal‑tech / legal services platform, U.S./UK‑based) that offers client‑attorney workflow and fixed‑price legal services—so the profile below focuses on the Montreal cybersecurity Flare (Threat Exposure Management) while noting the alternative legal‑tech Flare where relevant.[2][5]
High‑Level Overview
Origin Story
Core Differentiators (cybersecurity Flare)
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Notes & caveat
Flare has raised $75.2M across 5 funding rounds. Most recently, it raised $30.0M Series B in December 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2024 | $30M Series B | Base10 Partners | Inovia Capital, Point72 Ventures | Announced |
| Jun 1, 2022 | $7M Series A | Inovia Capital | Point72 Ventures | Announced |
| Nov 1, 2020 | $16M Series C | Andrew Baines | Album VC, Balderton Capital, Ftac Ventures, Incite Ventures, Kickstart Fund, Point72 Ventures, David Fite, Malcolm Turnbull, Acorn Capital | Announced |
| Aug 1, 2018 | $15M Series B | Point72 Ventures | Album VC, Balderton Capital, Ftac Ventures, Incite Ventures, Kickstart Fund, Inovia Capital, Acorn Capital, Bridgelane, Reinventure, Tank Stream Ventures | Announced |
| Aug 29, 2017 | $7.2M Venture Round | Reinventure | David Fite, Richard Enthoven | Announced |