Riot closes$ 30M to recreate employee-focused cybercrime with AI

, a French employee-focused cyber-protection technology platform, has raised$ 30 million in Series B money. The round was led by New York-based venture capital firm alongside involvement from existing buyers – Y Combinator, Base10, and FundersClub.

This investment does help Riot advance its product line and expand internationally, strengthening its position as a business leader in individual security. The funding round brings Riot’s total raised capital to$ 45 million at a valuation of$ 170 million. &nbsp,

To start new global offices&nbsp,

The business will use the fresh funds over the next 12 months to increase its workforce. It intends to start two new global agencies in addition and intensify its efforts to develop features. It is improving its existing hacking plan simulation tool as well as adding new cybersecurity training tools.

AI-enhanced computer risks

The widespread use of online data and the rapid development of generative AI have made it possible for hackers to create very sophisticated cyberattacks. These AI-driven challenges, such as individualized phishing attacks, exploit people vulnerabilities, making employees more vulnerable. As a result, there is a remarkable 1, 265 % rise in phishing happenings over two centuries, exposing businesses to major security challenges.

Riot addresses these issues by utilizing AI-driven security measures designed to identify and neutralize complex attacks. &nbsp,

Strengthens digital endurance

The second real-time individual security monitoring solution was created in 2020 at Y Combinator by Benjamin Netter and Louis Cibot in Paris. The program gives cybersecurity teams in all sizes the ability to assess and evaluate their employees ‘ cyber posture, giving them the best chance of surviving hackers. &nbsp,

Its strategy includes:

  • AI-powered risk detection: Albert, an AI-powered robot identifies and mitigates personalised hacking efforts before they reach employees.
  • Automated reply mechanisms: Responds in real time to have potential breaches.
  • Employee education &amp, consciousness: Uses AI simulations to strengthen cyber hygiene and minimize human error.

It provides more than 400 phishing email templates as well as spoofed regions, or domains that closely resemble the URLs of legitimate businesses ‘ websites.

Client base&nbsp,

As per Riot, its app already protects about 1 million workers across more than 1, 500 companies. Mistral AI and Y Combinator, one of the individuals in the software maker’s most recent funding round, are two of the companies that are listed. Also, Riot says its quarterly earnings topped$ 10 million last season. &nbsp,

According to founder and CEO of Riot,” Hackers are utilizing the most recent innovations in artificial intelligence to produce extremely precise and complex attacks capable of deceiving the most diligent employees.” We are working against the clock to create devices to shield firms from these new threats. By 2027, we want to defend more than ten million of our workforce.

This strategic approach is meant to make things easier for thieves, who rely on individual security issues to establish successful attacks. ” As AI technology continues to mature, phishing attacks will become more complex, personalised, and harder to detect. The best defense against these changing threats is to equip your staff with the necessary resources and information, according to Matthew Miller, Partner at Left Lane Capital. People are Riot’s second line of defense against cyberattacks, according to their innovative approach. These education and protection devices are now more important than ever because of the high costs associated with a data breach or cyberattack’s impact on businesses.

Leave a Comment