Gary Saranrota
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think really it was like a big pause button.
Customers that went out of business, a couple of customers really struggled.
Because our existing investors believe in the company.
In Canada, there's government matching programs to help companies.
We're in a hot space, AI.
We're one of the fastest-growing companies in Canada.
Even though this year has been a slight decline, we're still in the top 100 fastest-growing companies.
So between the space, the belief in our value proposition, our existing investors put some money in it, and the Canadian government-backed VC funds put a couple.
So we raised like $5 million in
a couple of weeks ago.
So that's our runway for another 18 months.
Yeah.
Yeah.
Matching.
It's like, so, so this round was convertible debt.
So it's like, so it's nice.
It's very good because it won't convey, it'll convert into the B round.
We have three years to convert into a, it's, it's a three year term and convertible into a B round.
So they've been doing it with a lot of tech companies, uh, you know, who've been burning cash VC backed really extends our runway, uh,
but given that sales is kind of at slow for the year, you know, and just picking up now.