Pistachio has secured €3.25m in funding, as they look to AI-driven security training platform designed to combat cyber security threats.
An investor group led by Signals Venture Capital raised the funds for the Danish company that now aims counter a wave of cyber security threats.
Pistachio’s platform uses artificial intelligence to assess each employee’s security strengths and weaknesses through various simulated cyber attacks that will not cease until the employee’s level is satisfactory.
Mohammed Awais, co-founder and CEO of Pistachio said: “We are extremely happy to welcome our new investors onto the Pistachio journey.
“Already early on, we realized the tools available for companies to protect themselves were outdated and generic, not really set up to counter modern threats.
“With our new investors on board and our platform out on the market, we are ready to revolutionize how companies deal with security threats.
“The emergence of easy-access AI technology has changed the ball game completely for cyber security.
“For example, where scammers previously sent out generic phishing emails to large groups and hoped to get lucky, they are now able to tailor their attempts to individual targets with minimum effort.
“Without individualized cyber security training, many of these attacks will succeed.”
According to the Oslo-based company, Pistachio uses a high level of automation and it can be integrated within minutes, giving them a key differentiator when compared to other offerings on the market – where months worth of integration is the standard.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global