Protectt.ai gets $8.8Mn for its AI-powered mobile security suite for financial sector

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Protectt.ai gets $8.8Mn for its AI-powered mobile security suite for financial sector

Protectt.ai, a mobile security startup, has raised approximately $8.7 million in Series A funding led by Bessemer Venture Partners. This investment will enhance the company's AI-driven security solutions aimed at the financial sector, improving threat detection and supporting global expansion. Protectt.ai plans to extend its services to markets including the US, Middle East, and Asia-Pacific.

The startup addresses the increasing threat of cyberattacks on mobile applications, utilizing AI and machine learning for real-time threat detection. With a focus on securing over 2 billion mobile app sessions monthly, Protectt.ai has shown significant growth, claiming a 2,000% revenue increase over three years. The company is also establishing offices in the US and UAE to broaden its customer base and enhance its cybersecurity talent pool.

• Protectt.ai raised $8.7 million for AI-driven mobile security solutions.

• The company secures over 2 billion mobile app sessions monthly.

Key AI Terms Mentioned in this Article

AI-powered security suite

This term refers to security solutions that utilize artificial intelligence to enhance threat detection and response capabilities.

Machine Learning

Machine learning is a subset of AI that enables systems to learn from data and improve their performance over time.

Real-time threat detection

Real-time threat detection involves continuously monitoring systems to identify and respond to security threats as they occur.

Companies Mentioned in this Article

Protectt.ai

ai specializes in AI-driven mobile security solutions, focusing on protecting financial transactions and sensitive data.

Bessemer Venture Partners

ai, supporting its growth in AI security solutions.

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