Abstract Security, a San Francisco, CA-based company, has emerged from stealth mode and raised $8.5 million in seed funding.
Investors
The round was led by prominent investors, including Crosslink Capital, Rally Ventures, and Liquid 2 Ventures.
Crosslink, founded in 1989, is a premier early-stage venture capital firm with over $4.2 billion in assets. The firm seeks to invest in early-stage companies operating in the consumer and enterprise sectors across the United States.
Rally Ventures is a venture capital investment firm based in Menlo Park, California. The firm invests in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones.
Founded in 2015, Liquid 2 Ventures is a venture capital firm based in San Francisco, California. The firm prefers to invest in early-stage companies in the technology sector.
Abstract Security Use of Funds
The company plans to use the funds to further develop and enhance its platform. The company aims to invest in research and development to advance its AI-powered security paradigm.
Additionally, the funding will support marketing and sales efforts to expand the platform's reach and adoption within the cybersecurity market.
About Abstract Security
Founded in 2023 by Colby DeRodeff, Ryan Clough, and Aaron Shelmire, Abstract Security developed a platform featuring an AI-driven assistant to enhance the consolidation of security analytics. The company provides a centralized platform that leverages AI, real-time streaming, correlation, and machine learning capabilities. The platform correlates data in real-time between data streams and separates compliance and security data to both increase detection effectiveness and lower costs.
Funding Details
Company: Abstract Security
Raised: $8.5M
Round: Seed Round
Funding Month: March 2024
Lead Investors: Crosslink Capital, Rally Ventures, Liquid 2 Ventures
Additional Investors:
Company Website: https://www.abstract.security/
Software Category: Security Analytics Management
Source: https://www.prnewswire.com/news-releases/abstract-security-emerges-from-stealth-raises-8-5m-to-forge-the-complete-ai-powered-data-streaming-platform-for-security-302098879.html