Cyble, a provider of cyber threat intelligence that ingeniously combines artificial intelligence (AI) with cybersecurity, recently announced a significant capital boost of $24 million through a Series B funding round. This funding will be instrumental in enhancing Cyble’s technical roadmap, particularly in refining its AI-driven security solutions and furthering its global expansion.
The company has been steadily gaining traction as the preferred solution for Dark Web and Threat Intelligence among cybersecurity specialists. This has solidified its position as a pioneer in promoting a secure digital future through advanced AI technologies.
A Global Champion in Cybersecurity
The funding round, which was a collaborative effort co-led by Blackbird Ventures and King River Capital, also saw participation from Spider Capital, January Capital, Summit Peak Ventures, among others. As a result of this, Cyble’s global influence has been able to extend across both developed and emerging markets, boasting employees based in 11 countries. Furthermore, the company has successfully developed customized threat intelligence solutions catering to a diverse range of entities, from government bodies to Fortune 50 companies to agile startups.
In the wake of these developments, Zeb Rice, co-founder at King River Capital and the newest member on the Cyble board, didn’t hold back his praise for the company’s innovative use of AI in revolutionizing cybersecurity. He stated, “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 cybersecurity. Its platform can identify and guard against diverse threats from across the web on an unprecedented scale.”
A Remarkable Growth Story
Tom Humphrey from Blackbird Ventures, a returning investor, couldn’t help but express his admiration for Cyble’s impressive growth. In his words, “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.”
Following this, the founders, who are distinguished alumni of Columbia Business School and London Business School, shared their perspectives on the Series B funding. Beenu Arora, Cyble’s CEO and Co-Founder, placed emphasis on the company’s mission to democratize cybersecurity. He passionately stated, “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.”
Subsequently, Manish Chachada, Cyble’s COO and Co-Founder, highlighted the urgent need for companies to ramp up their security measures and keep a vigilant eye on dark web activities. This need has become especially critical in the wake of the Russian invasion of Ukraine.
TL;DR
Cyble, a global leader in AI-powered cyber threat intelligence, has secured $24 million in Series B funding. The funding will be used to enhance its AI-driven security solutions and further its global expansion. The company has been recognized as the preferred solution for Dark Web and Threat Intelligence among cybersecurity specialists. With employees in 11 countries, Cyble’s influence spans across developed and emerging markets. The company’s mission is to democratize cybersecurity, ensuring the path to digital safety is accessible to all.
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