May 29, 2024 at 04:42PM
BforeAI unveiled the PreCrime Guarantee, a breach protection pledge in collaboration with a global cyber insurance provider. The initiative offers customers reimbursement up to ten times the service contract value if impacted by a cyberattack due to a failure in BforeAI’s predictive solution. The platform’s reliability was validated in a stringent nine-month process with impressive results, while customers attest to the added security and budgetary benefits. The launch follows a recent $15 million funding round and aims to bolster customer engagement and market expansion in 2024. For more information, visit bfore.ai.
Meeting Notes Takeaways:
– BforeAI announced the launch of their new breach protection pledge called PreCrime Guarantee, which provides reimbursement to customers impacted by a cyberattack due to a failure by BforeAI’s predictive solution.
– The CEO, Luigi Lenguito, emphasized the confidence in their security solution and the desire to provide peace of mind to security teams by introducing the PreCrime Guarantee.
– The platform aims to predict, block, and pre-empt malicious campaigns with a false positive rate of 0.05% and offers additional peace of mind to customers evaluating its effectiveness in the field.
– The company underwent a stringent process to validate the effectiveness of their AI platform by the insurance partner, and customers are already benefiting from the extra protection.
– The launch of PreCrime Guarantee follows a $15 million Series A funding round and aims to support new customer engagements as the company looks to expand further in the U.S. market in 2024.
– BforeAI is positioned as a pioneer in Predictive Attack Intelligence and Digital Risk Protection Services, using behavioral AI and emphasizing a shift from reactive to preemptive cyber defense.
These takeaways capture the key points from the meeting notes regarding BforeAI’s new PreCrime Guarantee, the company’s confidence in their security solution, customer testimonials, funding updates, and their positioning in the market.