Introduction
Driven by the wave of digitalization, cybersecurity has become an indispensable shield for businesses and individuals. The integration of AI technology has brought revolutionary changes to the field of cybersecurity. Today, we focus on a startup company that has emerged in the field of AI cybersecurity - Bolster, which has just completed a Series B financing of $14 million, led by Microsoft's venture capital fund M12.
Funding Details
On May 22, 2024, Bolster, located in Santa Clara, California, announced that it had successfully raised $14 million in Series B financing. In addition to the new investor M12, existing investors Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures, and Transform Capital also participated in this round of financing.
Use of Funds
Bolster plans to use this fund to accelerate market promotion and technology integration to further expand its influence in the field of cybersecurity.
Company Background
Since 2017, Bolster has been committed to using artificial intelligence (AI) and machine learning technology to train models on more than 100TB of data. This data includes structured data such as URLs, domain names, natural language text, and the structure of emails.
Products and Services
Bolster's flagship product, CheckPhish, has become one of the most popular phishing and scam detection websites on the Internet since 2018. More than 20% of Fortune 500 companies have registered as CheckPhish users, which fully proves Bolster's professional ability and market recognition in the field of cybersecurity.
Goals and Vision
Bolster's vision is to make the Internet a safer place by detecting, combating, and monitoring phishing, fraud, and scam activities on the Internet, social media, app stores, and the dark web. The company uses large language models (LLMs) and the industry's largest structured phishing dataset to provide high-precision and scaled multi-channel phishing protection within milliseconds.
Conclusion
With Bolster completing a $14 million Series B financing, we have reason to believe that this AI cybersecurity startup will continue to expand its leadership in the field of cybersecurity in the future, contributing to building a safer digital world. Let's look forward to how Bolster will use AI technology to protect our cyber world.
Bolster - Guarding the Safety of the Digital World
CheckPhish - Making Phishing Nowhere to Hide
M12 - Microsoft's Venture Capital Fund
Investor Lineup
This article is a technology self-media article aimed at introducing Bolster's Series B financing and its contributions to the field of AI cybersecurity.