Dropzone AI, an autonomous alert investigation platform for security operations teams, has recently secured $3.5 million in seed funding. The funding round was led by Decibel Partners and also saw participation from Pioneer Square Ventures Fund. Notable angel investors, including Oliver Friedrichs (CEO of Pangea Security and founder of Phantom Cyber), Jon Oberheide (co-founder and former CTO of Duo Security), and Jesse Rothstein (co-founder and CTO of ExtraHop), also contributed to the round.
Dropzone AI addresses the overwhelming task of investigating the multitude of alerts received daily by security operations teams. By leveraging the latest Language Models (LLMs) and artificial intelligence (AI) technology, the company’s pre-trained autonomous AI security agent mimics the techniques and thought process of expert security analysts. This allows for thorough and autonomous investigation of all alerts, enabling human analysts to focus on higher-value security work.
Cyber attacks are expected to cost an estimated $10.5 trillion in annual damages by 2025. However, security operations teams are often understaffed, overburdened, and lack the necessary resources to effectively defend against attacks. With the increasing digitalization of businesses, security teams are faced with thousands of alerts every day from various security systems. Unfortunately, most teams can only fully research about 10 percent of these events, leaving them vulnerable to missing early warning signs of serious security breaches.
Dropzone AI’s autonomous alert investigation agent automates the time-consuming and repetitive work of investigating alerts. The platform integrates with existing security systems and data sources, fully analyzes and prioritizes every alert, and produces detailed investigation reports. Additionally, the platform offers an expert chatbot assistant to further support deep dives into investigations.
Edward Wu, the founder and CEO of Dropzone AI, emphasized the need for an entirely new approach in security operations, stating that humans alone can no longer keep up with the evolving tactics of hackers. He believes that AI-powered automation is crucial in providing security teams with the tools they need to effectively defend against attacks.
Jerry Perullo, longtime CISO of Intercontinental Exchange and Chairman of FS-ISAC, expressed the significance of AI in the security field. With AI, analysis can occur more quickly and consistently, allowing for the exploration of all enrichment and investigation avenues, which he believes is a game-changer.
In conclusion, Dropzone AI’s autonomous alert investigation platform aims to revolutionize security investigations for overwhelmed security operations teams. By automating the investigation process, the platform helps teams better prioritize their resources and focus on critical security work. This funding round will enable Dropzone AI to further develop and enhance its offerings, providing a valuable solution in the ever-evolving landscape of cybersecurity.
