Riot closes$ 30M to redefine employee-focused security 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 contribution from existing investors – 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 innovative global offices&nbsp,

The business will use the fresh funds to increase its workforce over the upcoming 12 months. It intends to launch two new global offices in reverse and intensify its work on function development. It is improving its existing hacking plan simulation tool as well as adding new cybersecurity training tools.

AI-enhanced computer risks

Hackers have been able to create very complex cyberattacks thanks to the rapid rise of relational AI and the widespread presence of digital data. 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 advanced attacks. &nbsp,

Strengthens computer 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 software provides cybersecurity teams in all sizes with 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 diagnosis: 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 offers more than 400 phishing email templates as well as spoofed realms, or domains that most closely match the websites of reputable businesses.

User 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 money circular, are two of the companies that are listed. Also, Riot says its quarterly earnings topped$ 10 million next year. &nbsp,

According to Benjamin Netter, Founder and CEO of Riot,” Hackers are utilizing the most recent advances in artificial intelligence to produce extremely precise and powerful attacks capable of deceiving the most competent employees.” We are working against the clock to create devices to shield organizations 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 employee security issues to build successful attacks. ” As AI technology continues to mature, phishing attacks will become more complex, individualized, and harder to detect. The best defense against these growing threats is to equip your staff with the right tools and information, according to Matthew Miller, Partner at Left Lane Capital. The second line of defense against cyberattacks is” Riot’s modern method focuses on people.” Making these education and prevention tools a need now more than ever, the cost of a data breach or attack has major financial and reputational implications for companies.

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