Flare, a Montreal-based threat exposure management and identity exposure management (IEM) specialist, closed a $30 million funding round to accelerate growth and expand its footprint, bringing total raised close to $70 million.

Flare’s IEM integrates with Entra ID and uses manual credential validation to test leaked credentials from the dark web and stealer logs, providing visibility and context into exposed credentials.

The investment will accelerate product development, reinforce Flare’s leadership in TEM, and support strategic acquisitions to broaden technology and global reach.

Flare’s TEM platform uses generative AI, machine learning, and data science to deliver tailored intelligence and help organizations strengthen cybersecurity programs.

Forrester’s TEI study notes benefits of Flare’s identity-focused integrations, including a 25% reduction in severe breach likelihood and about $167,000 in annual labor savings for customers.

CEO Norman Menz says the capital supports rapid development and leadership as cybersecurity use cases converge under TEM.

The funding signals investor confidence in expanding TEM to broaden digital risk protection and exposure validation beyond traditional threat intelligence.

Industry and investor remarks highlight Flare’s role in shaping TEM’s future and Canada’s burgeoning cybersecurity ecosystem, with ambitions for global scalability.

Flare combines dark web monitoring, exposure validation, and digital risk protection to help organizations mitigate credential-related risks and prevent account takeovers.

Founded in 2017, Flare uses intelligence from the clear and dark web to address high-risk exposures and prevent ransomware, data breaches, and other security incidents.

The company plans to use the funds to advance IEM capabilities launched recently and pursue strategic acquisitions.

Flare has expanded to over 50 countries with strong growth in EMEA, driven by its UK team.