Cyble, a rapidly growing firm in the cybersecurity sector, recently announced the successful completion of its expanded Series B funding round.
The company, known for leveraging artificial intelligence (AI) and machine learning (ML) in cybersecurity, has secured an additional $6.2m in this round. This investment follows the $24m initially raised in July, bringing the total Series B funding to $30.2m.
Leading this financial venture were Summit Peak Ventures and King River Capital, both based in the US. Significant contributions also came from Care Super in Australia and BlackBird Ventures in Australasia, among other key investors. This investment highlights the increasing demand for advanced AI threat intelligence solutions in the cybersecurity industry.
Cyble is at the forefront of utilising AI and ML to transform cybersecurity. The company’s solutions, including Cyble Vision for AI-Powered Cyber Threat Intelligence and Cyble Hawk for AI-Powered Cyber Threat Investigation for federal bodies, are designed to provide precise, real-time threat intelligence.
This new funding will accelerate Cyble’s R&D efforts, further developing its threat intelligence portfolio. Additionally, Cyble aims to expand globally and strengthen partnerships with products like Cyble Odin, a Search Engine for Internet Scanned Assets, and AmIBreached, a tool for Dark Web Exposure Monitoring.
“We’re thrilled to have the unwavering support of an expanded investor base that shares our goals and values. The world’s digital frontier demands innovation, and our investors’ trust fuels our relentless pursuit of cutting-edge AI-powered cybersecurity,” said Beenu Arora, Co-founder and CEO of Cyble.
Manish Chachada, Co-founder and COO of Cyble, added, “This capital infusion is a resounding vote of confidence in Cyble’s vision to reshape the cybersecurity landscape through the precise application of AI and ML technology.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global