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.
This term refers to security solutions that utilize artificial intelligence to enhance threat detection and response capabilities.
Machine learning is a subset of AI that enables systems to learn from data and improve their performance over time.
Real-time threat detection involves continuously monitoring systems to identify and respond to security threats as they occur.
ai specializes in AI-driven mobile security solutions, focusing on protecting financial transactions and sensitive data.
ai, supporting its growth in AI security solutions.
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