Cybersecurity company ZeroFOX has closed its latest funding round on $74m, as it looks to accelerate its global expansion.
The capital injection was led by Intel Capital, with participation also coming from NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital.
Proceeds from the round will fund the global expansion of the company and the development of its AI capabilities.
By leveraging AI technology, ZeroFOX can protect companies by offering full attack and incident identification, robust threat intelligence and automated policy-based remediation and action.
ZeroFOX CEO James Foster said, “ZeroFOX is dedicated to helping customers proactively address threats initiated by today’s cyber agitators that occur across a quickly growing publicly-accessible attack surface. This new class of threats is more difficult to identify and even tougher to remediate.
“The challenges of both volume and sophistication of these types of attacks are accelerating at a pace that the security industry has never seen before; entire businesses and industries are at risk due to the gaps in security coverage unaddressed by legacy security vendors.”
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