Latest News
AI Cybersecurity Startup CyCraft Raised US$5.65 Million in Series B Funding
Artificial intelligence company, CyCraft, announced that it has closed US$5.65 million in Series B funding from Pavilion Capital (a Singapore-based investment company) and the CID Group (a Taiwan-based investment company). CyCraft will use the funding for R&D in explainable and trusted AI and to support market expansion in Asia. In total, this round of funding brings CyCraft’s total funding to date to US$8.15 million.
CyCraft also announced the formal launch of its AI-driven SecOps Platform which enables future-embracing security partners in Taiwan, Japan and Singapore to offer advanced MDR (managed detection and response) and AI-driven managed security services to customers demanding true resiliency even when facing the most advanced state-sponsored attack. The platform is streamlined into three products: 1) Xensor, a light-weight, intelligent hybrid endpoint agent that can do both forensics and remediation, 2) CyCarrier, an interactive cockpit for proactive threat hunting and fast response in cyber kill chain; co-piloted by AI, to efficiently visualize situational awareness, consolidate attack storylines, map to MITRE ATT&CK framework and deduce root causes, and 3) CyberTotal, an intelligence fusion system to enrich security findings with global relevance.
Chee-Kong Choun, from Pavilion Capital, said, “With its strong R&D in innovative artificial intelligence for cyber resilience, CyCraft is at the forefront of major changes sweeping the cybersecurity industry.”
“Cybersecurity is a key differentiator for all industry verticals in the age of technology disruption. CyCraft’s performance over the past 18 month is a testament to their vision and focus on technology,” said Steven Chang, Managing Partner of the CID Group.
SOURCE CyCraft
Blockchain
FAIRWINDS Credit Union Joins Metal Blockchain’s Banking Innovation Program
Blockchain
RevoluGROUP and Bit2Me Announce Strategic Partnership to Enhance Global Payments and Digital Asset Accessibility
Blockchain
Global Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
Global Payment Gateway Market
-
Blockchain Press Releases3 days ago
DeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain3 days ago
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
-
Blockchain3 days ago
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
-
Blockchain7 days ago
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
-
Blockchain2 days ago
Global Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
-
Blockchain4 days ago
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
-
Blockchain7 days ago
ASIC cracks down on blockchain mining firms
-
Blockchain7 days ago
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest