Funded by Titanium Ventures, Investment to Accelerate Growth into New Markets
Funded by Titanium Ventures, investment will accelerate growth into new markets
BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today that the company has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. This investment round brings the company’s total funding to over $30 million and will accelerate market expansion in the utilities, pharmaceutical, and healthcare sectors as the company continues to enhance its PreCrime platform, expand sales resources, and strengthen partnerships.
About the Investment
“This investment round will enable us to continue our important work to predict and stop new types of attacks before businesses and their customers are harmed,” said Luigi Lenguito, CEO and Founder at BforeAI. “We did not need the additional funding as we closed Series A with SYN Ventures less than 6 months ago. We wanted to work with Titanium Ventures to accelerate our growth into new industry sectors where we have already seen recent success and further increase the scalability of our predictions.”
About Titanium Ventures
“BforeAI offers a unique solution in a crowded cybersecurity market, being able to predict, disrupt, and stop a cybersecurity event before it happens, putting the customer ahead of the attacker and out of their reactive response mode,” said Marcus Bartram, General Partner at Titanium Ventures. “Titanium thinks that this capability is important and relevant to customers globally and are excited to be working with the BforeAI team to build a large and impactful company.”
About BforeAI’s Mission
BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Enabling organizations to effectively preempt risks in advance of an attack, the PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.
Recent Achievements
Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider. The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution. Most recently, BforeAI was recognized in the 2024 Gartner Cool Vendors for Artificial Intelligence in Banking and Investment Services. The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.
About the Future
“BforeAI has quickly proven itself as the leader in predictive security solutions,” said Maria Gotsch, President and CEO, Partnership Fund for New York City. “We were excited to support BforeAI’s relocation of its headquarters to New York following their participation in our FinTech Innovation Lab. By expanding their focus to utilities with this funding round, BforeAI has the potential to play a key role in protecting critical infrastructure in the city and beyond.”
Conclusion
BforeAI’s innovative approach to predictive security has enabled the company to achieve significant growth and success, and this latest investment round will further accelerate its expansion into new markets. With its unique solution, BforeAI is poised to play a key role in protecting critical infrastructure and safeguarding against cyber threats.
FAQs
Q: What is BforeAI’s mission?
BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation.
Q: What is the PreCrime platform?
The PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.
Q: What is the PreCrime Guarantee?
The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution.
Q: What is the funding round for?
The funding round is to accelerate market expansion in the utilities, pharmaceutical, and healthcare sectors as the company continues to enhance its PreCrime platform, expand sales resources, and strengthen partnerships.
Q: Who led the funding round?
Titanium Ventures led the funding round.
Q: What is the total funding for BforeAI?
The total funding for BforeAI is over $30 million.
Q: What is the current valuation of BforeAI?
The current valuation of BforeAI is not publicly disclosed.
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