AI cybersecurity vendor Fletch has recently announced it raised $12.5 million in a series A funding round, led by venture capital firm True Ventures. This was in order to create a solution to scan the cyber threat landscape. Through its AI-powered solutions, Fletch’s NLP engine scans up to 10,000 articles a day to provide organizations with a risk profile to detect cyber threats against their app/tech stacks and better understand their technology, geographic, and industry exposure.
This news is especially beneficial, as cyberattacks are increasing at an alarming rate in 2022. It can become extremely difficult for individuals, or even large teams, to detect and respond to all cyber threats. With Fletch, the solution automatically emulates attacks to identify and prioritize risks, as well as look out for emerging threats weeks before they hit news cycles.
An example of this was last month when Fletch was the first to bring attention to the ChatGPT Data Leak and Redis Race Condition Vulnerability that has yet to remain fixed. Generally, the cyber AI market is valued at $13.29 billion in 2021 and is only expected to increase 24.3% annually from 2022 to 2030. Fletch stands out from other providers due to its ability to detect threats before they become a headline.
Fletch was founded in 2021 by CEO and co-founder Grant Wernick and a team of AI experts. The mission of the company is to high-tech detection and prevention of web application security threats, using a combination of deep learning and natural language processing. In order to learn more, executives are invited to San Francisco on July 11th-12th to learn how to integrate and optimize AI investments for success.
In conclusion, Fletch’s AI-powered solutions are revolutionizing the way organizations are equipped with the tools to protect against cyberattacks. With its NLP engine, companies get up-to-date information of their current exposure and be notified of emerging threats well before they hit the media. It’s no surprise that venture capitalists were eager to invest in Fletch, with its cutting-edge threat detection and prevention capabilities.
