The company intends to use the capital to expand its sales and marketing activities worldwide and further innovate its cloud platform
FREMONT, CA: Thentia, a Toronto, Canada-based cloud regulatory software company, raised a Series A equity financing of undisclosed amount.
The investment was made by the Business Development Bank of Canada's Industrial, Clean and Energy Venture Fund.
The company intends to use the capital to expand its sales and marketing activities worldwide and further innovate its cloud platform.
Led by Julian Cardarelli, CEO, Thentia offers B2B software-as-a-service solutions to the regulatory industry. Thentia Cloud provides a comprehensive collection of regulatory modules, which track registration issuance or licensing and renewals, investigation and enforcement, continuing education, data analytics, public complaints, auditing, governance and much more, which has a major presence in the licensure and regulatory market with clients including licensees, regulatory bodies, and registrants all-across North America.
"Thentia's mission is to bring best-in-class technological capabilities, such as internet-scale, high-performance records management, predictive analytics, machine learning, data science and graph-based data exploration to its customers," stated Julian Cardarelli, CEO of Thentia. "The regulatory industry is strongly rooted in academics with many visionary leaders working tirelessly to protect the public. Thentia is equally tirelessly focused on providing the technology platform and tools needed to fully realize this vision."
"Thentia has established itself as a leading provider of cloud software solutions for regulated industries. We were impressed by the team's ability to develop innovative solutions which solve customer challenges while increasing productivity. Our investment will help to propel Thentia to the next level as it continues to deliver world class solutions," said Sean Brownlee.