Lastwall Raises $11.5 Million to Expand Proven Cyber Defense Platform Across North America

Insider Brief

Lastwall raised $11.5 million USD in a funding round led by Business Development Bank of Canada’s StrongNorth Fund to expand its identity-first and quantum-resilient cybersecurity platform across U.S. and Canadian defense and critical infrastructure markets.

The round included participation from New Brunswick Innovation Foundation, Frostbite Capital, Blue Bear Capital, BlueWing Ventures, and 18West, with NBIF describing it as the largest single investment in its history.

The funding follows Lastwall’s FedRAMP Moderate Authorization and comes as North American governments and infrastructure operators face increasing cyber threats targeting energy, telecommunications, defense, transportation, and public sector systems.

PRESS RELEASE — Lastwall, a leader in identity-first security and quantum-resilient solutions, today announced an $11.5 million USD ($16 million CAD) investment round led by the Business Development Bank of Canada (BDC) through BDC Capital’s StrongNorth Fund.