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Cyble Secures $24M in Series B Funding to Further Advance its AI-Powered Threat Intelligence Solutions

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ATLANTA, Aug. 2, 2023 /PRNewswire/ — Cyble, the fastest-growing threat intelligence provider that blends cybersecurity and artificial intelligence to develop state-of-the-art threat intelligence solutions, announced a $24 million injection of capital through Series B funding. 

Cyble has been steadily gaining recognition as the favored solution for Dark Web and Threat Intelligence among cybersecurity specialists, solidifying its position as the champion of a secure digital future with advanced AI technologies.

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The funding round, co-led by Blackbird Ventures and King River Capital with participation from Spider Capital, January Capital, Summit Peak Ventures, and others, will fuel Cyble’s technical roadmap, particularly in enhancing its AI-driven security solutions and furthering its global expansion.

New investor Zeb Rice, co-founder at King River Capital and the newest member on the Cyble board, commented, “From our extensive work in AI over the last 15 years, it’s evident Cyble is deploying this groundbreaking tech in a way that is revolutionizing cyber security. Its platform can identify and guard against diverse threats from across the web on an unprecedented scale. And the growth and caliber of its customer base stand testament to the global recognition from companies needing best-in-class protection in an ever-evolving and intricate digital landscape. We’re delighted to partner with Cyble at such a pivotal time.” 

Returning investor, Blackbird Venture’s Tom Humphrey, says, “Cyble’s growth has been remarkable to observe. In just a year’s time, the company has seen its team double in size, its customer base surge almost fourfold, and its footprint expand into the Middle East, Europe, and Latin America. Beenu and Manish have emerged as leaders and built a strong leadership team around them.” 

With employees based in 11 countries, Cyble’s global influence extends across developed and emerging markets. Cyble has built customized threat intelligence solutions for everything from government entities to Fortune 50 companies to agile startups.

Talking about the Series B funding, the founders, who are alumni of Columbia Business School and London Business School, expressed their views. Beenu Arora, Cyble’s CEO and Co-Founder, says, “This investment is a testament to the hard work our team has been investing to execute toward our vision. At Cyble, our mission is bold: to democratize cybersecurity. Through innovative solutions like Cyble Vision, Cyble Hawk, AmIBreached, Cyble Odin, and The Cyber Express, we aim to ensure the path to digital safety is accessible to all. As Artificial Intelligence continues to evolve, so do the imperatives of cyber defense. At Cyble, we are committed to providing businesses and individuals with the most advanced insights and AI tools needed to secure their digital territories.”

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Manish Chachada, Cyble’s COO and Co-Founder, added, “Following the Russian invasion of Ukraine, a surge in global cyber warfare has underscored the crucial need for companies to heighten their security measures and monitor dark web activities. Threat Intelligence has never been more important.”

About Cyble

‍Cyble (YC W21) is a prominent global leader in AI-powered cyber threat intelligence, specializing in the Deep Web, Dark Web, and Surface Web. Cyble’s commitment to excellence and innovation has earned it prestigious accolades, including recognition among America’s Best Startup Employers by Forbes and multiple wins at the Global InfoSec Awards 2023. It has also been honored as one of the Fastest-growing Cybersecurity Companies-2023 in North America by the Cybersecurity Excellence Awards. With a strong emphasis on workplace satisfaction, Cyble has been named one of the Most Preferred Workplaces in 2023 by Team Marksmen. 

To learn more about Cyble, visit: www.cyble.com/request-demo

Media Contact:
Cyble Inc
[email protected]
Ph: +1 678 379 3241 

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Photo: https://mma.prnewswire.com/media/2165547/Manish_and_Beenu.jpg

 

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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