September 1st, 2023, Vancouver, British Columbia – Syniad Innovations Inc (“Syniad”) is pleased to announce that one of its portfolio companies – Patronus Technologies (“Patronus”) – has secured an initial round of seed capital supported by Canaccord.
Syniad was very pleased to partner with Cumming Investment Strategies Group (“Cumming Group”) at Canaccord Genuity Corporation to complete this $750,000 financing to provide development capital to advance the suite of ground-breaking technologies in Patronus towards full commercialization.
Mr. Martin Cronin, Executive Chairman of Syniad Innovations and Director of Patronus remarked,” We are excited by the life-saving innovations that are being advanced within Patronus and are delighted to have the support of Cumming Group as we bring them from the university laboratory to the user community. We are committed to a vision of putting the very best protective technologies into the hands of those who serve in life-threatening environments.
About Syniad Innovations Inc.
Founded in 2016 and headquartered in Vancouver, Syniad Innovations Inc. serves as a catalyst in conceptualizing and cultivating pioneering deep technology companies. These establishments stem from advanced scientific and engineering advancements achieved within Canadian Universities. Syniad’s core mission revolves around addressing significant global challenges by collaborating with preeminent researchers, ensuring their innovations transition from ideation to impactful global products. www.syniadinnovations.com
About Patronus Technologies Ltd
Patronus Technologies Ltd, a venture of Syniad Innovations Inc., aspires to leadership in the Canadian defence innovation sector. The company is dedicated to the discovery, evaluation, and commercialization of cutting-edge materials that are critical for national defence, security, and related industries. www.patronus.tech.
About Cumming Investment Strategies Group
Cumming Investment Strategies provides thoughtful and quality advice to sophisticated investors. While delivering exceptional service from a close-knit family practice, we offer tactical and creative investment opportunities. www.cumminginvestmentstrategies.com