BforeAI, a NYC- and Montpellier, France-based predictive security company, raised $15M in Series A funding.
The round was led by SYN Ventures, with participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Luigi Lenguito, BforeAI specializes in predictive attack intelligence and digital risk protection services (DRPS). Using AI, its PreCrime™ platform aims to shift cyber defense from reactive to preemptive. The company autonomously maps and predicts malicious infrastructure through the ingestion of massive datasets, analyzing Internet metadata and establishing baselines to detect anomalies, deterring them before they turn into attacks. This capability empowers customers with a preemptive active defense posture that enables security teams to stop attacks before they are executed.
Customers around the world are already using BforeAI, including large social media platforms, financial services organizations, and leading global manufacturers in the medical device, food service, and home electronics industries.
Commenting on the news, Luigi Lenguito said: “BforeAI is automatically blocking thousands of attacks every day, this new round of funding boosts our ability to serve ever more sophisticated customers and drive value in a competitive market. Increasing digital fraud, scams and cyberattacks prove organizations can no longer rely only on a reactive approach: they need to preempt, disrupt and deter attacks.”
FinSMEs
24/04/2024