Cyble Raises $24 Million in Series B to Further Fueling its AI and Threat Intelligence Innovations

Cyble, an Atlanta-based cybersecurity startup, has confirmed a significant milestone with the procurement of $24 million in Series B funding, an event first reported by TechCrunch. With a strong reputation as a pioneering "threat intelligence provider," Cyble relies heavily on the power of artificial intelligence (AI) and Dark Web Monitoring to outpace cybercriminals. This fresh capital injection is set to primarily fuel the expansion of the company's AI-driven product portfolio, as well as facilitate its move into new markets.

Leading the funding round were Blackbird Ventures and King River Capital, with noteworthy participation from Spider Capital, January Capital, and Summit Peak Ventures. This successful round highlights the rising demand for sophisticated, AI-powered cybersecurity solutions in today's complex digital landscape. To date, Cyble's fundraising efforts have garnered a total of $38.6 million, with the recent Series B being the first since February 2022.

Cyble's Co-founder and CEO, Beenu Arora, reflecting on the recent funding, stated, "This investment is a testament to the hard work our team has been investing to execute toward our vision. At Cyble, our mission is bold: to democratize cybersecurity. Through innovative solutions like Cyble Vision, Cyble Hawk, AmiBreached, Cyble Odin, and The Cyber Express, we aim to ensure the path to digital safety is accessible to all. As Artificial Intelligence continues to evolve, so do the imperatives of cyber defense. At Cyble, we are committed to providing businesses and individuals with the most advanced insights and AI tools needed to secure their digital territories."

Underlining the global urgency for robust, AI-driven cybersecurity solutions, Cyble's COO and Co-founder, Manish Chachada, stated, "Following the Russian invasion of Ukraine, a surge in global cyber warfare has underscored the crucial need for companies to heighten their security measures and monitor dark web activities. Cyber Threat Intelligence, particularly when powered by AI, has never been more important." As global tensions rise, the need for robust cybersecurity solutions to shield enterprises from potential cyber threats is paramount. With its sharp focus on AI-powered technology and comprehensive cyber threat intelligence, Cyble stands ready to assist businesses in navigating these challenging times.

Since launching the company in 2019, Arora and co-founder Manish Chachada have been dedicated to driving innovation in cybersecurity. Leveraging AI's potential in conjunction with Dark Web Monitoring, Cyble effectively identifies and mitigates digital risk footprints of organizations. It has crafted custom threat-hunting solutions for a wide spectrum of clients, including Fortune 50 brands and government agencies. Cyble also claims a comprehensive visibility into over 6,000 "darknet" marketplaces that are often utilized for illicit file sharing.

Zeb Rice, an investor from King River Capital, lauded Cyble's innovative approach, stating, "From our extensive work in AI over the last 15 years, it's evident Cyble is deploying this groundbreaking tech in a way that is revolutionizing cyber security. Its platform can identify and guard against diverse threats from across the web on an unprecedented scale. And the growth and caliber of its customer base stand testament to the global recognition from companies needing best-in-class protection in an ever-evolving and intricate digital landscape. We're delighted to partner with Cyble at such a pivotal time."

Returning investor, Blackbird Venture's Tom Humphrey, says, "Cyble's growth has been remarkable to observe. In just a year's time, the company has seen its team double in size, its customer base surge almost fourfold, and its footprint expand into the Middle East, Europe, and Latin America. Beenu and Manish have emerged as leaders and built a strong leadership team around them." 

While Cyble's recent funding success marks a notable highlight, the larger cybersecurity sector is currently witnessing a funding downturn. Nevertheless, the company's firm position in the cybersecurity market, combined with Atlanta's growing prominence as a hub for cyber ventures, provides a ripe opportunity for Cyble to expand its efforts in its crucial mission.