December 5, 2024 at 06:32AM
System Two Security launched a threat detection solution utilizing generative AI and secured $7 million in seed funding. Founded by Robert Fly and Prasanth Ganesan, the company aims to streamline security rule creation without needing access to existing tools. Early access for testing is available for interested organizations.
### Meeting Notes Takeaways:
1. **Company Launch**: System Two Security has officially launched its threat detection engineering solution, emerging from stealth mode and securing $7 million in seed funding.
2. **Founders**: The company was founded by Robert Fly (CEO) and Prasanth Ganesan (CTO).
3. **Product Offering**:
– The solution utilizes generative AI to simplify the creation of detection rules for security teams.
– Aims to automate and continuously improve the threat detection process, replacing manual methods.
4. **Technology Advantage**:
– System Two’s AI agents are designed to be more efficient and effective compared to general-purpose generative AI tools (e.g., ChatGPT).
– The solution supports the creation of new detections that can be applied to existing security tools.
5. **Integration Flexibility**:
– Customers do not need to grant access to their existing security products initially, allowing for immediate value without SIEM integration.
– Future integrations are planned.
6. **Funding Details**:
– The seed funding round was led by Costanoa Ventures, with contributions from Runtime Ventures, The Hive, Webb Investment Network, and several angel investors.
7. **Early Access**: Organizations interested in the solution can request early access to test it.
8. **Quote from CEO**: Robert Fly emphasized the need for organizations to leverage advanced tools to counteract evolving threats, highlighting the advantages of using generative AI for improved speed, accuracy, and learning capabilities.