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CalypsoAI, an AI-focused cybersecurity firm, recently announced it has closed a $23 million Series A funding round, the largest to date in the enterprise AI security sector.
The round was led by Verizon Ventures and participated in by DTCP, IDB, The NY Angels, Uprising, and other venture capital firms.
The arrival of CalypsoAI on the scene is timely, with the importance of sophisticated artificial intelligence (AI) security solutions becoming increasingly prominent as the prevalence of cyber-threats continues to rise. While traditional perimeter-focused security solutions rely on static, rule-based detection, CalypsoAI leverages ethical AI and Machine Learning (ML) techniques to quickly uncover potential security vulnerabilities and attack patterns before they become a problem.
The company is focused on creating a secure environment for large enterprises and will use its new funding to further develop its platform. CalypsoAI reports that it specifically plans to strengthen its ML-driven threat detection capabilities, increase its cybersecurity research and development efforts, develop and integrate new AI-driven security solutions.
As the company continues to further strengthen and refine its platform, it will be well-positioned to secure a dominant share of the enterprise AI security sector. By using its cutting-edge AI and ML-driven techniques, CalypsoAI is helping customers protect their most valuable assets from potential cyber-threats – and help them stay ahead of the competition.
