Styx Intelligence (Styx) announced the closing of its oversubscribed $2.7 million Seed round. The funding was led by BDC’s Seed Venture Fund, with participation from FRAMEWORK Venture Partners, Top Down Ventures, and Sprout Fund. This deal marks a significant milestone in the company’s journey to help organizations protect their digital footprint, reputation, and digital assets.
Launched by seasoned entrepreneurs Karim Ladha and Santosh Nair, Styx’s platform leverages an AI-first architecture to protect organizations from the ever-evolving landscape of digital threats in the age of generative AI. And Karim and Santosh worked together for over a decade in cybersecurity and witnessed firsthand the struggles organizations grapple with due to a lack of visibility into external digital risks.
Styx was created to level the playing field between attackers and organizations in terms of visibility and sophistication of tools, making it easier for organizations to mitigate attacks faster and more reliably.
The DRP market is experiencing significant growth, driven by the increasing complexity of digital threats. And Styx is at the forefront of this transformation, leveraging an AI-first architecture to safeguard organizations from evolving cyber risks.
With a strong foundation and a clear vision, Styx is well-positioned to lead the charge in the DRP market through its deep domain expertise and track record in building and scaling cybersecurity tools that can be consumed by both technical and non-technical users.
KEY QUOTES:
“Our experience in building and scaling companies has equipped us with the insights and skills needed to tackle the challenges of digital risk protection at scale. We are committed to helping enterprises across all industries protect this new attack surface that’s only increasing in scope thanks to LLMs and other generative AI models.”
– Karim Ladha, CEO and Co-Founder of Styx
“We are thrilled to partner with Karim and Santosh as they take on the critical challenge of safeguarding the digital footprint of enterprises. Styx Intelligence is addressing an emerging market need with an AI-first approach that is both timely and essential, especially as AI and deepfakes reshape the threat landscape. BDC is proud to support their vision alongside committed partners who share our belief in the transformative potential of Canadian innovation, and together bring the expertise and resources needed to help them succeed.”
– Dinar Ahmed, Partner of the Seed Venture Fund at BDC
“At FRAMEWORK, we believe that the difference between good and great is a seamless user experience. By combining cutting-edge technology with an intuitive approach, Styx is clearly redefining digital risk protection for the modern enterprise.”
– Jim Texier, Partner at FRAMEWORK and former CTPO at Lightspeed
“Digital Risk Protection is a burgeoning field with vast potential. Our goal is to harness the power of AI to provide comprehensive protection against digital threats, ensuring our customers can operate securely without the need for bloated software.”
– Santosh Nair, Co-Founder and CTO of Styx
