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Aim Security Raises $10M in Seed Funding

Finsmes · 1y ago

Aim Security, a Tel Aviv-based cybersecurity startup, has secured $10 million in seed funding. Led by YL Ventures and supported by investors from Google, Proofpoint, and Palo Alto Networks, the funding will be used to expand the company's operations and development efforts. Aim Security offers a GenAI security platform that helps enterprises securely adopt artificial intelligence technology without compromising on security. The platform allows security leaders to provide proactive protection for all use cases and ensure the integrity of GenAI tools and third-party applications.

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Fever Raises €10M in Seed Funding

Finsmes · 1y ago

Fever Raises €10M in Seed Funding

Stockholm-based company, Fever, has raised €10M in Seed funding led by General Catalyst, with participation from previous investors. Fever provides an API-centric platform for virtual power plants, enabling energy asset installers and operators to monetize their power plants by optimizing energy distribution. The funds will be used to accelerate expansion plans, deepen product development, and expand collaborations across Europe. Niek den Hollander and Holger Lichtschläger will join the company's Board of Directors.

Reken Closs $10M Seed Funding

Finsmes · 1y ago

California-based AI and cybersecurity company, Reken, has secured $10 million in Seed funding. The round was led by Greycroft and FPV Ventures, with participation from various other investors. Reken, founded by Shuman Ghosemajumder and Rich Griffiths, plans to utilize the funds for research and development to build new AI technology and products that protect against generative AI threats like deepfake social engineering and autonomous fraud. Greycroft partner, Marcie Vu, has joined Reken's board.

BridgeCare Raises $10M in Funding

Finsmes · 1y ago

BridgeCare Raises $10M in Funding

San Francisco-based company BridgeCare has secured $10 million in funding from Avenue Growth Partners to support its data and technology infrastructure platform for early care and education. Led by CEO Jamee Herber, BridgeCare's SaaS solutions enable government agencies and organizations to improve access to quality child care. The company already serves more than 500,000 families and 50,000 providers across 14 US states, and plans to use the investment to expand its operations and further develop its services. Through its innovative approach, BridgeCare aims to create a more equitable and effective early childhood education system.

Israeli cyber security firm Cato Networks buys Aim Security, raises another $50 million - The Economic Times

Economic Times

Economic Times · 2d ago

Israeli cyber security firm Cato Networks buys Aim Security, raises another $50 million - The Economic Times

Israeli cybersecurity firm Cato Networks announced the acquisition of Aim Security and raised an additional $50 million in a private funding round. This move follows Cato’s previous $359 million funding, valuing the firm at over $4.8 billion. The company, known for its secure access service edge (SASE) platform, aims to enhance its AI security capabilities amid increased demand for AI-driven security solutions. Cato’s CEO, Shlomo Kramer, highlighted the importance of AI transformation for future enterprises.

API Security Startup Pynt Raises $6M to Revolutionize API Security Testing

Robots · 1y ago

API Security Startup Pynt Raises $6M to Revolutionize API Security Testing

Tel Aviv-based startup Pynt has secured $6 million in seed funding led by Joule Ventures, with participation from Dallas VC and Honeystone VC. Pynt simplifies API security testing by integrating with popular tools like Postman and Newman, automating the detection of vulnerabilities, including OWASP issues. Fortune 500 companies are already utilizing Pynt's service, and the funding will be used to enhance its self-serve platform, enabling automatic identification and fixing of security issues in API development.

Seal Security Raises $7.4M in Seed Funding

Finsmes · 1y ago

Seal Security Raises $7.4M in Seed Funding

Seal Security, a cybersecurity startup based in NYC, has secured $7.4 million in Seed funding to enhance its operations and development initiatives. The round was led by Vertex Ventures Israel, with participation from Crew Capital, PayPal Alumni Fund, and Cyber Club London. Seal Security uses large language models (LLMs) to automate the process of increasing patching capacity, allowing organizations to address critical vulnerabilities more effectively. Notably, major organizations and Fortune 100 companies are already leveraging Seal Security's solution for their application and product security programs.

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

TechCrunch · 2y ago

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

Austin-based startup ControlRooms.ai has secured $10 million in a Series A funding round led by Origin Ventures, along with Amity Ventures, Tokio Marine Future Fund, and others. The company's AI-powered analytics application automates troubleshooting in heavy industries, reducing downtime and improving productivity. Unlike generic AI platforms, ControlRooms.ai's solution is purpose-built for process and operations engineers, enabling users to predict and address potential issues in manufacturing plants. The funding will support product development and expansion in chemical, petrochemical, energy, and materials facilities globally. The startup also plans to incorporate generative AI capabilities for more advanced predictive applications.

promiseQ Raises Seed Funding

Finsmes · 1y ago

promiseQ Raises Seed Funding

Berlin-based AI video surveillance platform provider, promiseQ, has secured seed funding in a round led by ExtraVallis and APY Ventures. The undisclosed funds will be used to expand its product range and services. Co-founded by Elias Kardel and Tolga Ermis, promiseQ offers a smart video surveillance management platform that enables users to oversee video surveillance alarms online without costly monitoring centres. The B2B Software-as-a-Service (SaaS) product is being used by security industry players such as International Security Group and WSD Permanent Security. PromiseQ has partnerships with several technology companies including HIKVISION and Ajax.

Vatom Raises $10M in Series B Funding

Finsmes · 1y ago

Vatom Raises $10M in Series B Funding

Vatom, a customer engagement platform provider based in Venice, CA, has secured $10 million in Series B funding at a valuation of $125 million. Led by GSV AirCO, the round saw participation from Heart Media, Galaxy Digital, Raine Group, and Bat VC. The company plans to use the funds to expand its customer success, marketing, and product teams in order to support its growing customer base. Vatom's platform is used by major companies such as Google, PepsiCo, and Deloitte to engage with users on the emerging Web3.

Quilter Raises $10M in Series A Funding

Finsmes · 1y ago

Quilter Raises $10M in Series A Funding

Quilter, an AI company based in Los Angeles, has raised $10 million in Series A funding. The round was led by Benchmark and included participation from Coatue and existing investors. Quilter plans to use the funds to expand its operations and hire for various positions across AI, electronics, and business domains. The company aims to accelerate product awareness and adoption, improve its generative circuit board design software, and develop partnerships and programs for users to experiment with Quilter risk-free.

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