- Cyble’s software can be used by businesses to detect if their internal data is being sold on a hacker forum.
- Another task that Cyble claims to simplify is the process of identifying vulnerabilities in a company’s network.
Cyble Inc., a business that provides data about hacker activity to organizations, has raised USD 24 million in new funding.
Cyble, based in Atlanta, announced the Series B fundraising round recently. According to the startup, the lead investors were Blackbird Ventures and King River Capital. Several additional institutional backers also contributed.
Beenu Arora, Chief Executive Officer and Co-founder of Cyble said, “This investment is a testament to the hard work our team has been investing to execute toward our vision. As artificial intelligence continues to evolve, so do the imperatives of cyber defense.”
Cyble is an AI-powered threat intelligence platform that assists businesses in tracking hacking instances worldwide and identifying potential infrastructure threats. The firm asserts that its software continuously mines millions of data points from dark web forums and other online sources. It detects ten million compromised credit card numbers per month, among other things.
Cyble’s platform can be used by businesses to detect if their internal data is being sold on a hacker forum. Such data releases are frequently indicative of an organization’s unintentional breach. A supplier breach may affect internal corporate information in rare situations.
Another task that Cyble claims to simplify is the process of identifying vulnerabilities in a company’s network. The company asserts that its product can scan a business’s applications and other IT assets for common vulnerabilities. It also detects additional concerns, such as incorrectly configured security settings.
The platform aims to make it easier for businesses to adjust their cybersecurity defenses to emerging internet threats. A corporation can use the platform to detect when a hacking campaign is initiated against other competitors in its industry. That organization may then utilize Cyble to acquire data on the vulnerability used by the hacking effort and scan its internal systems for that weakness.
Along with its core threat intelligence platform, it provides several other cybersecurity technologies. Odin, for example, allows managers to obtain technical data on their organizations’ publicly exposed servers. Another free tool informs users if their personal information emerges on a dark web forum.
Cyble’s latest USD 24 million fundraising round will be used to expand its customer base. The corporation says over 300 businesses and government bodies use its software. It will also put some of the new funds into product development.
Several other venture-backed threat intelligence businesses compete with the company. Silent Push Inc., one such corporation, emerged from stealth status last month with ten million dollars in seed funding from Ten Eleven Ventures. At the same time, Cybersixgill introduced a tool that leverages generative AI to assist administrators in better interpreting threat intelligence data.