Flare has raised another $30 million, giving the threat exposure management startup fresh fuel to speed up its global expansion and product innovation. The round includes a $15 million Series B extension led by Inovia Capital’s Growth Fund, with Base10 Partners and White Star Capital also joining. It’s paired with $15 million in debt financing from BMO, pushing Flare’s total funding to $60 million in just one year.
The company has been growing fast, especially through 2025. It now supports customers and partners in more than 50 countries. Europe has become one of its strongest markets, thanks to a new UK base and a sharp 136% year-over-year growth across the region. This momentum sets the stage for the next phase of its journey.
Flare plans to use part of the new capital for strategic acquisitions, aiming to strengthen its technology stack and move faster on its roadmap. The goal is to advance threat exposure management by unifying tools and data that help companies understand their digital risks before attackers can take advantage of them.
Founded in 2017 in Montreal by Mathieu Lavoie, Israël Hallé, and Yohan Trépanier Montpetit, Flare has grown from a local startup into a global cybersecurity player. Its work focuses on helping organisations manage identity exposure, which has become one of the biggest weak points in enterprise security. As cyberattacks evolve, stolen credentials and exposed sessions often serve as entry points for breaches.
Flare’s recent product updates zero in on this issue. Its platform now automates the detection, validation, and remediation of exposed credentials and active account sessions found on the dark web and cybercrime forums. This helps companies close risky gaps quickly and shrink the window of opportunity for attackers.
Independent research reflects the impact. A recent Forrester Total Economic Impact study found that companies using Flare experience a 25% lower chance of suffering a severe breach and save about $167,000 each year in labour costs thanks to automation and early-warning features. These results highlight why identity-focused security is becoming a top priority for organisations everywhere.
Flare’s platform combines one of the largest cybercrime data sources in the industry with an interface designed for fast decision-making. Security teams can spot risks, prioritise them, and act within minutes. This blend of intelligence and usability is a big reason why the company continues to gain traction among global businesses.
The team says the new funding marks a key moment as they work to push the TEM market forward. They believe the lines between threat intelligence, digital risk protection, and exposure validation are fading. Organisations want a single, unified way to understand what attackers see and what they might target next. Flare wants to be that system.
Investors share that confidence. They highlight the company’s rapid execution, strong momentum, and growing role within Canada’s cybersecurity ecosystem. Supporters see Flare as one of the country’s rising tech success stories, with global relevance and the potential to shape how modern companies defend their digital identities.
As cyber risks continue to escalate, Flare’s mission stays focused: help organisations reclaim the information advantage and take a proactive stance in a world where threats move faster than ever.
