June 7, 2024 at 08:12AM
AirMDR, an AI-powered autonomous managed detection and response (MDR) startup, has secured $5 million in seed funding led by Foundation Capital and Storm Ventures. The company, founded in 2023, utilizes AI to triage security events, respond to natural language questions, and offer cybersecurity capabilities to small and medium-sized businesses. The funding will support R&D and market expansion.
From the meeting notes, it is clear that the AI-powered autonomous managed detection and response (MDR) startup AirMDR recently secured $5 million in seed funding. The funding round was led by Foundation Capital, with additional investment from Storm Ventures.
AirMDR, founded in 2023 and based in Menlo Park, CA, relies on AI to triage security events and alerts, investigate them, and deploy response and containment. It also boasts virtual analysts capable of responding to questions, learning facts, and performing various tasks using natural language processing. The company’s technology documents all incidents with full transparency and provides comprehensive remediation and learning.
Notably, AirMDR’s use of sophisticated natural language models allows it to bring enterprise-grade cybersecurity capabilities to small and medium-sized businesses. The startup also offers over 200 integrations with organizations’ existing stacks, covering most of the integrations that customers typically require.
The new funding will be utilized to expand the company’s research and development team and support its market entry. Additionally, AirMDR’s CEO Kumar Saurabh highlighted the importance of human analysts supervising and training AI to free up time for addressing the critical 10% of incidents that require human intervention. This indicates the company’s focus on a transformative shift in the future of MDR.
The meeting notes also contained related funding announcements for other companies, such as Hypr, Transcend, Kubernetes Security Firm KTrust, and LimaCharlie, showcasing a dynamic investment landscape in the cybersecurity and authentication sectors.