In its Series B funding round led by Left Lane Capital, French employee cybersecurity startup Riot secured$ 30 million ( €29 million ).
The funding round, which brings Riot’s total capital raised to$ 45m, also saw contributions from Y Combinator, Base10, and FundersClub.
Riot is the real-time individual security checking option. The Riot program was created to help cybersecurity teams assess and improve the digital posture of their employees.
Riot’s approach to security involves robot software, Albert, which can be accessed on Slack, Microsoft Teams, or via a web interface.
According to Benjamin Netter, the founder and CEO of Riot,” Hackers are utilizing the most recent developments in artificial intelligence to produce extremely precise and complex attacks capable of deceiving the most vigilant employees.”
We are working against the clock to create devices to shield organizations from these new threats. By 2027, our purpose with Riot is to safeguard more than ten million people.
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Founded in 2020, Riot now offers security to more than 1, 500 companies across various industries.
Its clients includes technical organizations like Mistral AI and Modern Treasury as well as well-known players likeL’Occitane and Le Monde.
Riot will use the money to expand its product line, expand its footprint, and start two new offices and increase its workforce by doubling its labor in the upcoming season.
Left Lane Capital partner Matthew Miller said:” 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 expertise.
People are Riot’s second line of defense against cyberattacks, according to their innovative approach. Making these education and prevention equipment a need now more than ever, the cost of a data breach or attack has important financial and reputational implications for businesses.
In 2023, Riot raised$ 12m in a Series A square, which focused on developing its all-in-one security recognition software for businesses and employees.
