
In its Line B money round, led by Left Lane Capital, French security startup Riot secured$ 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 Riot founder and CEO Benjamin Netter,” Hackers are utilizing the most recent innovations in artificial cleverness to produce extremely precise and powerful attacks able of deceiving the most diligent employees.”
We’re in a race against time to create devices to shield organizations from these new risks. 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 different sectors.
Its clients includes technical organizations like Mistral AI and Modern Treasury as well as established businesses 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 growing threats is to equip your group with the right tools and knowledge.
” Riot’s innovative method places people as the first line of defense against cyberattacks. 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.
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.