AI Cybersecurity Startup CyCraft Raised US $5.65M in Series B Funding
TAIPEI, Taiwan, Aug. 2, 2019 — Artificial intelligence company, CyCraft, announced that it has closed US$5.65 million in Series B funding from Pavilion Capital (a Singapore-based investment company) and the CID Group (a Taiwan-based investment company). CyCraft will use the funding for R&D in explainable and trusted AI as well as to promote market expansion in Asia. In total, this round of funding brings CyCraft’s total funding to date to US$8.15 million.
CyCraft also announced the formal launch of its AI-driven SecOps Platform which enables future-embracing security partners in Taiwan, Japan, and Singapore to offer advanced MDR (managed detection and response) and AI-driven managed security services to customers demanding true resiliency even when facing the most advanced state-sponsored attack. The platform is streamlined into three products: 1) Xensor, a light-weight, intelligent hybrid endpoint agent that can do both forensics and remediation, 2) CyCarrier, an interactive cockpit for proactive threat hunting and fast response in cyber kill chain; co-piloted by AI, to efficiently visualize situational awareness, consolidate attack storylines, map to MITRE ATT&CK framework and deduce root causes, and 3) CyberTotal, an intelligence fusion system to enrich security findings with global relevance.
Chee-Kong Choun, from Pavilion Capital, said, “With its strong R&D in innovative artificial intelligence for cyber resilience, CyCraft is at the forefront of major changes sweeping the cybersecurity industry.”
“Cybersecurity is a key differentiator for all industry verticals in the age of technology disruption. CyCraft’s performance over the past 18 month is a testament to their vision and focus on technology,” said Steven Chang, Managing Partner of the CID Group.
About CyCraft
CyCraft is a cybersecurity company founded in 2017, focusing on autonomous AI technology. Headquartered in Taiwan, it has subsidiaries in Japan and Singapore. CyCraft provides professional cybersecurity services to government agencies, police and defense forces, banks, and high-tech manufacturers throughout the Asia-Pacific region. It has received strong backing from the CID Group and Pavilion Capital, a Temasek Holdings Private Limited subsidiary.
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