Flare

About Flare

Flare is a threat exposure management (TEM) company that provides a Software-as-a-Service (SaaS) platform to proactively monitor the clear and dark web for external threats against organizations. Founded in 2017 in Montreal, Canada, the company was started by Mathieu Lavoie, Israël Hallé, and Yohan Trépanier Montpetit. The founders, who previously worked as red team members in the financial services sector, identified a need for security teams to have better visibility into data that attackers were exploiting.

The founders' background in cybersecurity shaped the company's direction. Mathieu Lavoie, the CTO, previously managed an offensive security team at a large financial institution. Israël Hallé, the Chief Architect, has a background in software engineering and malware analysis, including experience at Shopify. Yohan Trépanier Montpetit joined a year after its founding as a co-founder, bringing project management experience. In 2021, Norman Menz, a cybersecurity veteran, joined and was later appointed CEO.

Flare's TEM platform continuously scans the internet, including illicit Telegram channels and dark web forums, to detect, prioritize, and enable the remediation of external risks. Key features include identifying leaked credentials, monitoring for brand impersonations like look-alike domains, detecting fraud schemes, and discovering data exposures from third-party incidents. The platform is designed to replace multiple security tools and integrate with existing security systems like SIEMs and SOARs to automate responses. The business model is based on a flexible pricing structure that charges per identifier (such as domains, keywords, or executive names) rather than per user seat, allowing scalability for clients. The company serves a diverse client base across industries including finance, technology, healthcare, and the public sector.

Since its inception, Flare has achieved significant growth, reporting triple-digit year-over-year growth in 2023 and 2024. The company has secured substantial funding, including a Series B round that brought its total funding to $60 million as of late 2025. These funds are aimed at accelerating growth, expanding into European markets, and pursuing strategic acquisitions.