Cybersecurity startup Delve Labs closes investment from group of venture firms

AI-based vulnerability management and prioritisation solution Delve Labs has secured funding from a group of venture firms.

3dot6 Ventures and Desjardins Capital led the investment, with a contribution also coming from BDC Capital.

This equity flush will allow the cybersecurity company to enhance its vulnerability assessments, and prioritisation tools for companies across North America, it said. Furthermore, the startup is hoping to increase its go-to-market strategies and further its product innovation.

Canada-based Delve Labs leverages AI technology to help companies better identify key security issues as well as reduce their risk and protect their critical assets. Founded in 2014, the management platform offers unified asset discovery, scan and risk prioritisation, continuously learning from the environment to maximise coverage, filter-false positives and help prioritise risk remediation.

Desjardins Capital vice president Mark Anthony Sdao said, “As a first-hand user of Delve Labs’ solution, Desjardins Group understands the benefits it brings to a company looking to better secure complex network environments.

“Delve is changing how businesses address security concerns and making vulnerability management more manageable and successful. We are very excited to continue to partner with Delve as they expand their solution’s reach.”

This marks 3dot6 Ventures’ second sybersecurity investment this month, having recently participated in the $1.6m pre-seed round of Defendify. The startup is an ‘all-in-one’ security software which gives a cyber dashboard for clients to manage their protection levels, alerts, reports, recommendations, products and services, users, devices and others.

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