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Emergent Ventures leads $2.7 Mn round in Astra Security

EntrackrEntrackr · 5m ago
Emergent Ventures leads $2.7 Mn round in Astra Security
Medial

Snippets Emergent Ventures leads $2.7 Mn round in Astra Security Security platform Astra Security has raised $2.7 million in a growth capital round led by Emergent Ventures, along with participation from the Neon Fund, Better Capital, Blume Ventures, and PointOne Capital. The fresh funds will be utilized to accelerate development, enhance capabilities to uncover vulnerabilities in cloud environments, and double down on its focus on using AI to enable developers and security engineers to build security detections, Astra said in a press release. Co-founded in 2018 by Shikhil Sharma and Ananda Krishna, Astra Security is a cybersecurity SaaS company that simplifies otherwise chaotic penetration testing with its Pentest Platform. The company’s AI-powered offensive vulnerability scanning engine emulates hacker behavior to scan applications for over 10,000 security tests. The platform helps businesses fix vulnerabilities in record time and transition from DevOps to DevSecOps with its CI/CD integrations. Last year, Astra reported uncovering nearly 5,500 vulnerabilities per day for its customers with its AI-powered pentest platform. This number is expected to increase threefold by the end of the year. More than 25% of its customers were mid-sized and large companies, including Loom, HackerRank, ITC, Olx Autos, Mamaearth, Muthoot Finance, Bonusly, Singapore Trade Exchange, Oscilar, the University of Cambridge, CompTIA, and Prime Healthcare. Astra claims that over 800 engineering teams across 70+ countries use its AI-powered platform, which continuously mimics hacker behavior to check applications for vulnerabilities through fast detections. This includes PTaaS (Penetration Testing as a Service), a DAST vulnerability scanner, and an API Security Platform, all working together to detect over 13,000 vulnerabilities. Last year, Astra helped its customers discover and prioritize the remediation of over two million vulnerabilities, saving them more than $69 million in potential losses due to security threats.

UptimeAI raises $14 Mn in Series A round

EntrackrEntrackr · 1y ago
UptimeAI raises $14 Mn in Series A round
Medial

Artificial intelligence startup UptimeAI has raised $14 million in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures. UptimeAI will use the proceeds to scale up its tech platform, expand product portfolio and presence in North America, Middle East and Asia. The company has bases in Bengaluru and San Francisco as well. Five-year-old UptimeAI creates AI-based solutions that help plant operators maximise efficiency and reliability. As per the company, its team has core competency in areas including power, oil and gas, chemicals, metals, and aerospace among others. UptimeAI’s four modules include – connect the dots, no code predictive alerts, inferencing engine for prescriptive actions, and continuous self-learning. It has a patented system and method for monitoring complex structures to identify the root cause of inefficiencies. In September last year, Bharat Petroleum Corporation Limited (BPCL) tied up with UptimeAI to optimize operational efficiency. Led by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI was one of the selected startups in the YourNest SOAR Program. In February 2021, UptimeAI also raised $1.5 million in seed funding from YourNest Venture Capital and angel investors. UptimeAI competes with Tiger Global-backed Infinite Uptime, which raised $18.85 million in a round in May last year. Other global competitors include Sight Machine , Prospection SparkCognition, and Augury.

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