BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today the company has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. This investment round brings the company’s total funding to over $30 million and will accelerate market expansion in the utilities, pharmaceutical and healthcare sectors as the company continues to enhance its PreCrime™ platform, expand sales resources, and strengthen partnerships.
BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Enabling organizations to effectively preempt risks in advance of an attack, the PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.
Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider. The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution. Most recently, BforeAI was recognized by Gartner in its new report, “Cool Vendors for Artificial Intelligence in Banking and Investment Services.” The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.
Existing investors SYN Ventures, Karista, and Addendum Capital, recognizing the company’s strong growth trajectory, participated in this round to maintain their ownership stakes.
Stamina Law in New York City, by Jade Ruscev, provided legal counsel to the company for the financing round.
Related
This entry was posted on January 14, 2025 at 9:00 am and is filed under Commentary with tags BforeAI. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
BforeAI Secures Series B Funding
BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today the company has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. This investment round brings the company’s total funding to over $30 million and will accelerate market expansion in the utilities, pharmaceutical and healthcare sectors as the company continues to enhance its PreCrime™ platform, expand sales resources, and strengthen partnerships.
BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Enabling organizations to effectively preempt risks in advance of an attack, the PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.
Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider. The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution. Most recently, BforeAI was recognized by Gartner in its new report, “Cool Vendors for Artificial Intelligence in Banking and Investment Services.” The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.
Existing investors SYN Ventures, Karista, and Addendum Capital, recognizing the company’s strong growth trajectory, participated in this round to maintain their ownership stakes.
Stamina Law in New York City, by Jade Ruscev, provided legal counsel to the company for the financing round.
Share this:
Like this:
Related
This entry was posted on January 14, 2025 at 9:00 am and is filed under Commentary with tags BforeAI. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.