Le Lézard
Classified in: Science and technology, Business
Subject: VEN

Cybersecurity Startup CYR3CON closes $1.5M Seed Round

TEMPE, Ariz., Oct. 24, 2018 /PRNewswire-PRWeb/ -- The artificial intelligence powered cybersecurity startup CYR3CON has completed a $1.5M seed round financing led by New York-based Scout Ventures.

Many cyber attacks such as NotPetya spread through larger enterprises in seconds ? leaving security teams scrambling. To address this need, CYR3CON combines artificial intelligence and information from malicious hacking communities to predict cyberattacks. For example, CYR3CON's solution automatically scouts the hacker communities and uses machine learning to help prioritize vulnerabilities that hackers most intend to use in an attack. CYR3CON gained notoriety with predictions concerning several major attacks ? including WannaCry and NotPetya ? receiving coverage by CNN and The Economist.

Originally funded by grant funding from the U.S. government, CYR3CON has gained recent traction with multiple Fortune 500 enterprises as well as cybersecurity service providers (such as MSSP's). The initial traction led the company to seek additional capital to continue the momentum. "After gaining insights from a variety of CSO's and end-users, we felt that we could bring the platform to a wider market." said Co-Founder and former DARPA Fellow Paulo Shakarian, the firm's CEO.

"At Scout we look for seed stage startups that use AI in creative ways. CYR3CON exemplifies this," stated Scout Ventures partner Wes Blackwell, "their unique combination of AI with automatically extracted hacker conversations is shifting clients from a reactive to a proactive security posture." Blackwell will also be joining CYR3CON's board.

The oversubscribed round also includes several notable angel investors who are advising the company and bring significant cybersecurity experience. These include Michael Sutton (former CISO, Zscaler), Aleksandr Yampolskiy (CEO, SecurityScorecard), Steven Witt (former CEO, Onyara and Partner/Co-Founder of DataTribe), and Steve Hassell, (former CIO, Emerson). More recently, CYR3CON has joined the fall cohort of Dreamit Venture's SecureTech accelerator ? which is actively introducing CYR3CON into a variety of F500 companies and follow-on investors.

About CYR3CONtm
CYR3CONtm combines machine learning and data mined from hacker communities (i.e. darkweb, deepweb) to predict cyberattacks. The platform-based solution allows for use cases such as attack prediction and vulnerability prioritization. This provides corporate security professionals the means to take early action and avoid cyber-attacks. CYR3CONtm -
Be in the know, now.tm



These press releases may also interest you

at 11:28
CoinAll has launched an Over-the-Counter trading desk for digital assets. The news was announced on Tuesday by CoinAll, which was known as a spot trading exchange. At the very beginning of OTC business, CoinAll OTC trading desk supports Vietnamese...

at 11:26
The Los Angeles Unified School District has issued two separate approvals of Curriculum Associates' i-Ready and Ready programs. On Tuesday, the Board of Education approved i-Ready and Ready Mathematics for Grades 6?8 for Instructional Mathematics...

at 11:20
The CFP Board Center for Financial Planning today expanded its "I am a CFP® Pro" educational campaign to attract young people, particularly women and people of color, to consider a career in financial planning with a new, day-in-the-life video...

at 11:16
CREtech (cretech.com), the largest event, data and content platform covering the commercial real estate tech industry, announced a new Keynote panel session for its upcoming conference in Los Angeles on March 27-28. The session "Los Angeles: A...

at 11:15
Brainshark, Inc., delivering SaaS-based sales enablement and readiness solutions, today announced it has been named a Leader in Aragon Research's first-ever "Tech SpectrumTM for Sales Coaching and Learning."1 The report evaluates major providers who...

at 11:15
Service Corporation International , the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved an increase in its quarterly cash dividend to eighteen cents per share of common...

News published on 24 october 2018 at 09:00 and distributed by: