January 31, 2024 at 12:36PM
Reken, an AI-defense cybersecurity firm, secured an oversubscribed $10 million seed funding without a publicly available product. The funding from Greycroft, FPV Ventures, Firebolt Ventures, Fika Ventures, Omega Venture Partners, Homebrew, and JAZZ Venture Partners, will support undisclosed R&D. Co-founded by industry veterans, Reken aims to tackle the growing threat of generative AI cybercrime.
Key takeaways from the meeting notes:
– Reken is an AI-defense cybersecurity firm founded on January 1, 2024, and emerged from stealth with a $10 million seed round on January 31, 2024. The funding was oversubscribed despite not having a publicly demonstrable product. The product is set to be unveiled later in the year.
– The funding was led by Greycroft, FPV Ventures, and Firebolt Ventures, among others. Marcie Vu, a partner at Greycroft, joins the Reken board.
– Reken’s founders, Shuman Ghosemajumder and Rich Griffiths, have extensive experience in building large-scale AI platforms for cybersecurity.
– The firm’s focus is on addressing the increasing threat posed by generative AI cybercrime, particularly deepfakes, and the need for a new approach to cybersecurity defenses to combat these threats.
– Reken is developing a layered platform defense that combines zero trust and technological analysis to detect and distinguish between malicious AI content and dubious context.
– The platform’s purpose is to be able to confidently declare a deepfake as adversarial rather than benign in intent and to do so at the same scale as potential future attacks by criminals utilizing AI technology.
– The firm’s approach aligns with the understanding that AI will significantly impact cybersecurity and requires a proactive and forward-thinking defense strategy.
– Reken’s focus on addressing the evolving landscape of AI-generated content demonstrates the need for a shift in thinking about content and trust online.
– The firm aims to provide a comprehensive solution for assessing and addressing the proliferation of AI-generated content in both malicious and non-malicious contexts in the future.
These are the main points gleaned from the meeting notes.