RIIG, a provider of risk intelligence and cybersecurity solutions, has successfully raised $3m in a seed funding round.
The funding round was led by the Felton Group, the family office of Charlottesville-based hedge fund manager Jaffray Woodriff. This investment will enable RIIG to accelerate the development of its AI-powered solutions, expand its client support capabilities, and grow its sales and marketing teams.
RIIG specialises in delivering advanced intelligence and cybersecurity solutions tailored for Zero Trust environments. The company leverages open-source intelligence (OSINT) to provide high-quality, verifiable data, empowering organisations with enhanced security and risk management capabilities. Collaborating with 17 intelligence agencies and multiple commercial partners, RIIG ensures robust, real-time insights for its clients.
The newly raised capital will be used to launch RIIG’s advanced AI-driven products set for release in 2025, furthering its commitment to innovative threat detection and analysis. The company also plans to strengthen its partnerships with local academic institutions, accessing cutting-edge research and top talent to advance its technological edge in the market.
RIIG CEO Denver Riggleman expressed gratitude for the investment, saying, “RIIG applauds the support of Felton Group and their appreciation of the vision laid out for advanced AI, cyber threat identification and analysis products set for delivery in 2025. We are also extremely humbled by the pre-seed investors who helped RIIG reach this incredible and necessary milestone.”
In addition to this latest funding, RIIG benefits from a leadership team with extensive expertise in AI, cybersecurity, and intelligence analysis. Their solutions range from vulnerability assessments to regulatory insights, offering tailored approaches for businesses and government organisations.
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