April 24, 2024 at 07:06AM
Prophet Security, a startup focusing on automating security alert handling, emerges from stealth mode with $11 million seed funding round led by Bain Capital Ventures. The company, leveraging AI, filters and analyzes alerts, providing detailed investigation summaries for security teams. Prophet AI is already deployed in various sectors, delivering a new approach to handling alerts. CEO Kamal Shah highlights its impact on security operations teams.
From the meeting notes, I have generated the following key takeaways:
1. Prophet Security has announced its emergence from stealth mode with $11 million in seed funding, with the investment round being led by Bain Capital Ventures and additional support from angel investors.
2. The startup, founded in 2023 in Silicon Valley, leverages AI to automate the triage, investigation, and response to security alerts, with a focus on improving productivity for security teams.
3. Prophet AI for Security Operations is the company’s platform, which uses AI to filter incoming alerts, gather and analyze data from multiple sources, and provide detailed summaries of investigations to security teams.
4. The platform also provides access to evidence supporting determinations, delivers remediation recommendations and post-investigation reports, and prevents data leakage from the organization’s sensitive data.
5. The solution is already deployed in financial services, healthcare, and high-tech sectors as part of the early access program.
6. CEO and co-founder Kamal Shah emphasized that Prophet Security delivers a new approach to handling security alerts, aiming to ease the burden for security operations teams and increase the effectiveness of existing security tools while lowering overall risk for organizations.
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