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 and to support 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.
With clients among the Fortune Global 500 and national governments, CyCraft is a technology company that uses artificial intelligence to secure businesses with automation and resiliency in complex, dynamic IT/OT/IOT/cloud-interconnected cyberspace. CyCraft is formed by a passionate team of security experts, software engineers and data scientists with industry-leading expertise in AI, cybercrime investigation, incident response, DEFCON CTF (Capture-the-flag) and military-grade blue-team defense. Headquartered in Taipei, CyCraft offers its AI-driven SecOps Platform to partners in eight markets across Asia, including Taiwan, Singapore, Japan, Thailand, Indonesia, Philippines, Malaysia, and Vietnam.