BforeAI: Predictive Security Company Closes $15 Million In Funding

By Amit Chowdhry ● Apr 28, 2024

BforeAI, a predictive security pioneer, announced $15 million in Series A funding led by SYN Ventures. Early investors Karma Ventures, Karista, and Addendum Capital renewed their participation, and the Partnership Fund for New York City made a new investment.

What does BforeAI do? BforeAI autonomously maps and predicts malicious infrastructure by ingesting massive datasets, analyzing Internet metadata, and setting up baselines to detect anomalies and deter them before they become attacks. This capability gives customers a preemptive active defense posture, allowing security teams to stop attacks before execution.

BforeAI specializes in predictive attack intelligence and automated digital risk protection services. The company’s goal is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Using behavioral predictive intelligence, PreCrime monitors over 96% of the Internet to stay ahead of cyber threats, empowering organizations to effectively preempt risks days to weeks before the attack.

The BforeAI PreCrime subscription offering features Intelligence and Brand solutions designed for predicting, preempting, and deterring malicious campaigns before they impact your business. Munich Re guarantees a 10x contract value performance guarantee. This learning technology constantly improves anomaly identification to reduce false positives below 0.05%, enabling organizations to stop attacks in less than seven minutes.

KEY QUOTES:

“BforeAI is automatically blocking thousands of attacks every day, this new round of funding boosts our ability to serve ever more sophisticated customers and drive value in a competitive market. Increasing digital fraud, scams and cyberattacks prove organizations can no longer rely only on a reactive approach: they need to preempt, disrupt and deter attacks.”

– Luigi Lenguito, Founder and CEO of BforeAI

“The cybersecurity market is flush with solutions that help companies after an attack or breach has occurred. BforeAI is the first company to bring a predictive approach to improve organizations’ cyber posture. The unique ability to predict and stop a cybersecurity event before it happens and the thousands of direct integrations with service providers worldwide are clear differentiators in this crowded market.”

  • Jay Leek, Managing Partner and Co-founder of SYN Ventures and BforeAI Board Member

“The combination of data and AI is leading to tremendous advances in the fight against attackers. Predicting where/when the attacker will be is the next level of cyber defense.”

– Richard Stiennon of IT-Harvest and leading industry analyst

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