A slew of Ottawa companies will join the latest cohort of L-Spark’s SaaS accelerator this coming fall.
The Kanata-based company announced its new lineup of software-as-a-service startups earlier this week. The six firms, chosen from a crop of roughly 300 applicants, will go through six months of mentorship, workshops and support in hopes of hitting 10x revenue growth by the program’s end.
Since its launch in 2015, L-Spark has run more than 50 companies through its programming. The firms in its portfolio have collectively raised some $45 million in funding.
Check out the latest L-Spark cohort below, including four Ottawa-based startups.
Ottawa-based Click Armor looks to bring gamification to cybersecurity education. With the rise of online threats and phishing attempts dogging businesses of all sizes, Click Armor’s solution looks to engage employees with games that not only provide much-needed cybersecurity training but provide analytics about staff’s performance and aptitude when it comes to protecting sensitive data.
The Toronto firm F8th also looks to protect vendors from phishing and malware, but does so through an artificial intelligence system that tracks users’ behaviour to create a biometric fingerprint. This extra layer of security can identify clients based on how they browse online, which can allow a vendor to verify a user’s purchases through their subconscious behaviours rather than a password or otherwise vulnerable login credential.
The winner of the “best business opportunity” from the University of Ottawa’s Startup Garage Rally in August, MyPitboard looks to put analytics for motocross racers directly onto the handlebars of the bike itself, rather than needing an assistant in the stands to hold up lap times. Founder Kibby Pollak told Techopia Live that while the market seems niche, the opportunity to branch out into a variety of other racing sports presents a major opportunity for the Ottawa startup.
Ottawa entrepreneur Ashleigh Kennedy founded Neurovine after seeing friends of her father – all former professional football players – suffering from long-term impacts of concussion-related neurological effects. Her startup looks to provide personalized, AI-powered insights into the best ways to recover from the effects of a concussion to allow athletes to get back onto the field sooner and safer than with traditional methods.
Toronto-based Nugget.ai looks to help companies better understand their talent pools through insights gleaned from a series of job-related challenges. The company’s solution identifies hidden skills that the typical interview process might miss and then provides tips on training top talent and keeping employees engaged and productive once they’re on the job.
A spinoff from Ottawa-based SoftwareSecured, reshift is a SaaS platform that helps programmers quickly identify bugs in their code, resulting in saved time and money. The wider SoftwareSecured company does exactly what its name suggests, helping to ensure software is free from security vulnerabilities before it ships out.