French startup BforeAI announced $15 million in Series A funding this week. Led by SYN Ventures, the funding round attracted a new investor, Partnership Fund for New York City, alongside historic investors Karma Ventures, Karista and Addendum Capital.
Originally from Montpellier, the start-up co-founded by Luciano Allegro, Luigi Lenguito and Sebastian Cesario in 2020 has come a long way since then. She developed a solution for mapping and predicting malicious infrastructure through ingesting huge data sets, analyzing internet metadata, and establishing baselines. With this, it is able to detect anomalies and deter them before they turn into attacks. For its users, this preemptive active defense is a major asset.
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Predictive Intelligence to Mitigate Risk
“BforeAI automatically blocks thousands of attacks every day. The rise in digital fraud, scams and cyberattacks proves that businesses can no longer settle for a reactive approach: they must anticipate, disrupt and deter attacks”said Luigi Lenguito, co-founder and director of BforeAI.
To date, the start-up offers a BforeAI PreCrime subscription offer which includes both intelligence and branding solutions, designed to predict, anticipate and deter malicious campaigns before any impact. BforeAI boasts the ability to reduce false positives below 0.05% and allow organizations to stop attacks in less than seven minutes. “PreCrime monitors over 96% of the Internet to stay ahead of cyberthreats”adds the start-up.
Heading for the United States
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The young Montpellier company has built up a diversified client portfolio, reaching sectors such as finance, insurance, luxury goods as well as global manufacturers in the medical devices, food services and domestic electronics sectors.
To ensure its international development, it has even set up across the Atlantic with a clear result: 90% of its turnover is achieved with companies abroad. The funds will therefore be used for the growth of the American market but also for the recruitment of salespeople and other support functions.
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