News Summary

Vancouver-based cybersecurity startup Styx Intelligence has raised $2.7 million CAD in seed funding to bolster its digital risk protection platform. Founded by repeat entrepreneurs Karim Ladha and Santosh Nair, Styx aims to help organizations counter online threats like brand impersonation and phishing scams. The funding round, led by BDC Capital’s Seed Venture Fund, brings Styx’s total funding to $4.3 million. The company plans to enhance its platform’s detection capabilities, improve customer experience, and expand its market reach, with current clients including Coca-Cola Canada, GreenShield, KPMG, and Reitmans.