BforeAI Secures $10 Million in Series B Funding to Combat Cyber Threats with PreCrime AI Technology

BforeAI Secures Significant Funding for Cybersecurity Innovations

In a decisive step towards enhancing its capabilities in cybersecurity, BforeAI announced recently that it has closed a $10 million Series B funding round led by Titanium Ventures. This strategic investment aims to propel the company’s growth into essential sectors such as utilities, pharmaceuticals, and healthcare, enabling BforeAI to fortify its PreCrime™ platform further.

BforeAI has established itself as a leader in predictive attack intelligence and digital risk protection. Their pioneering solutions employ advanced behavioral predictive intelligence, allowing organizations to foresee and prevent cyber threats before they materialize. Notably, their PreCrime platform monitors a staggering 98% of the internet, effectively giving users an average of 18 days' notice before potential attacks occur. Furthermore, the platform boasts an impressive accuracy rate, with a mere 0.05% false positive rate, a benchmark in the industry.

Luigi Lenguito, the CEO and Founder of BforeAI, articulated the company’s motivation for this funding round: "Though we recently closed a Series A round with SYN Ventures, partnering with Titanium Ventures will expedite our expansion into new industries where we’ve found early success. It allows us to scale our predictive capabilities significantly."

Titanium Ventures is known for backing high-potential disruptors, and this partnership marks a critical alignment in their strategy to address evolving cybersecurity challenges. Marcus Bartram, General Partner at Titanium Ventures, commented on BforeAI's unique offering in a crowded market: "They provide a solution that allows clients to stay proactive rather than reactive, thereby reshaping the dynamics of cybersecurity."

Over the past year, BforeAI has achieved key milestones, including launching its innovative PreCrime Guarantee. This program offers reimbursement up to ten times the value of a service contract in the event of a cyberattack, showcasing their commitment to effective risk mitigation. Recently, BforeAI has garnered recognition as a 2024 Gartner® Cool Vendor in Artificial Intelligence for Banking and Investment Services, an accolade that underscores their status as a key player in predictive security technologies.

Maria Gotsch, President of the Partnership Fund for New York City, expressed excitement about the potential impact of BforeAI on critical infrastructure, particularly following their move to New York City. By utilizing this round of funding to expand their focus, BforeAI is set to play a crucial role in safeguarding vital assets that underpin everyday operations.

Incumbent investors, including SYN Ventures, Karista, and Addendum Capital, also participated in this latest funding round to maintain their equity stakes, reflecting confidence in BforeAI's growth trajectory and innovation.

BforeAI’s advancement into new industry sectors is powered by its core mission - to proactively safeguard data and IT/OT networks, protecting not just digital assets but also brand reputation and customer trust. In a world where cyber threats are evolving and increasingly sophisticated, BforeAI’s technologies promise to remain at the forefront of defense.

In conclusion, BforeAI is not just enhancing its offerings; it’s setting a formidable precedent in the realm of predictive cybersecurity. As they expand their operations and capabilities, the focus on safeguarding businesses and customers alike reaffirms the essential nature of such innovations in an increasingly digital landscape.

For more information about BforeAI and its offerings, visit bfore.ai.