Reken, a trailblazing AI & cybersecurity company, has successfully concluded an oversubscribed seed funding round, securing a substantial $10m.
This significant financial endorsement comes from a consortium of prestigious investors including Greycroft and FPV Ventures, with notable contributions from Firebolt Ventures, Fika Ventures, Omega Venture Partners, Homebrew, and JAZZ Venture Partners.
Specialising in the development of cutting-edge AI technologies and products, Reken is at the forefront of defending against the rapidly evolving threats posed by generative AI. These threats encompass a range of cybercrimes, from deepfake social engineering to autonomous fraud, posing significant challenges to current cybersecurity measures.
The fresh infusion of $10m in capital is earmarked for core research and development initiatives. These funds will be instrumental in Reken’s mission to innovate and introduce advanced AI solutions specifically designed to counteract and neutralise the sophisticated and ever-changing landscape of generative AI threats.
Underpinning Reken’s strategic direction is a robust roster of backers, comprising top-tier venture capital funds and prominent Google-connected investors. The list includes industry stalwarts such as Wesley Chan (FPV), Hunter Walk & Satya Patel (Homebrew), Eva Ho (Fika), and Gokul Rajaram. The round also saw participation from Google DeepMind’s Jon Steinback (Sequoia Capital Scout Fund) and Vishal Vasishth (co-founder, Obvious Ventures). Marcie Vu, a partner at Greycroft and a pivotal figure in Google’s IPO, is set to join Reken’s board, further solidifying the company’s governance and strategic outlook.
Reken’s co-founder & CEO, Shuman Ghosemajumder, articulated the urgency and significance of the company’s mission, stating, “Generative AI cybercrime poses the greatest security challenge of our time.
“While billions have been spent on security products, the impact of cybercrime has actually been getting worse. The reality is that existing cybersecurity doesn’t work as well as we’d like against even yesterday’s threats, let alone against new attacks based on generative AI. For threats such as deepfake video, audio, images, phishing, and fraud, it’s clear that we need a new approach.”
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