Toronto’s Siamese Systems Raises $600K Seed Round
Toronto’s Siamese Systems announced this week it has raised a $600,000 round of seed financing from a collection of industry angels, including Brice Scheschuk, cofounder and CFO of Globalive Communications, which owns Wind Mobile.
The investigation and inspection process management software company says will use the funding to expand its sales and marketing efforts, bring its MobileCSI application for public safety and law enforcement to new global markets, and accelerate product research and development.
“I am extremely excited to be an investor in Siamese Systems,” said Scheschuk. “As someone with experience in mobile communications and enterprise software, I look to invest in early-stage technology companies that are disruptive and can deliverable measurable ROI to their customers. I believe Siamese Systems has the potential to be that kind of organization.”
MobileCSI is a smartphone- and tablet-based solution that enables law enforcement and public safety personnel to securely document crime and incident scenes. According to Siamese, MobileCSI ensures that documentation and evidence gathering procedures are followed precisely, establishing a level of information integrity that, to date, has been missing in the fields of investigation and inspection services.
According to Alex Kottoor, cofounder and CEO of the Canadian startup, the equity financing represents further validation of the market demand for MobileCSI. “Our goal at Siamese Systems is to be the global leader in mobile investigation and inspection management software,” Kottoor noted. “This round of financing certainly shows that we are on the right path.”
Since coming to market with MobileCSI in February, Siamese Systems has closed deals with a variety of law enforcement and inspection agencies, including the US Fish and Wildlife Service and the Environmental Protection Agency.
“MobileCSI is easy to use and dramatically reduces the amount of time spent processing a scene and cataloging evidence,” Kottoor added. “This creates real savings for each agency.”
