Security Startup Studio Brings In $2.4 Million

Peloton Innovations closed $2.4 million in seed financing led by TD Ameritrade, Globalive Capital, and Elevate Toronto.

Based in Toronto, Peloton creates B2B and B2C products and services for use in the protection sector. Its main points of focus are marketplaces who have failed to embrace new technologies; the secure collection, curation, and sharing of personal data; and helping companies to protect valuable intellectual property.

The company said the investment will be used help launch its first company.