BforeAI Raises $10M to Enhance Predictive Cyber Attack Intelligence Solutions

BforeAI Raises $10M to Enhance Predictive Cyber Attack Intelligence Solutions

In a significant boost for cybersecurity innovation, BforeAI, a company specializing in predictive attack intelligence and digital risk protection, has successfully raised $10 million in its Series B funding round. This funding is poised to enhance their capabilities in preempting cyber threats, making it a noteworthy development in the cybersecurity landscape.

Funding Details and Investors

The Series B funding round for BforeAI was led by Titanium Ventures, with notable participation from existing investors such as SYN Ventures, Karista, and Addendum Capital. With this latest round, BforeAI’s total investment has exceeded $30 million, marking a substantial milestone in its growth trajectory.

Innovative Cybersecurity Solutions

BforeAI’s flagship offering, the PreCrime platform, utilizes behavioral predictive intelligence to anticipate cyberattacks, averting potential breaches by an average of 18 days. The platform boasts an impressive false positive rate of just 0.05%, demonstrating its effectiveness in monitoring

  • 98% of the internet for emerging threats
  • Safeguarding organizational data and IT/OT networks
  • Protecting digital assets and corporate reputation

Unique Guarantee and Expansion Plans

Alongside its predictive capabilities, BforeAI offers a PreCrime Guarantee, which promises to reimburse customers up to ten times the value of their service contract in the event of a predictive solution failure. The newly acquired capital will facilitate BforeAI’s expansion into the utilities, pharmaceutical, and healthcare sectors. Additionally, the company aims to:

  • Enhance its PreCrime™ platform
  • Scale its sales resources
  • Strengthen partnerships to broaden its market reach

Statements from Leadership

BforeAI’s CEO and Founder, Luigi Lenguito, expressed optimism about the funding, stating, “This investment round will enable us to continue our important work to predict and stop new types of attacks before businesses and their customers are harmed.” He also highlighted that the collaboration with Titanium Ventures will significantly accelerate growth into new industry sectors.

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Marcus Bartram, General Partner at Titanium Ventures, commended BforeAI’s innovative approach in the cybersecurity market, emphasizing its capability to predict, disrupt, and prevent cybersecurity events before they occur.

Recent Achievements

In the past year, BforeAI has launched several key initiatives, including the PreCrime Guarantee, and was recognized as a 2024 Gartner® Cool Vendor™ for Artificial Intelligence in Banking and Investment Services. Such accolades underscore the company’s leadership in predictive security solutions and its growing influence in critical sectors like financial services and infrastructure.

For more information on BforeAI and its innovative cybersecurity solutions, visit their official website.

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