Riot, a cybersecurity company, receives$ 30 million in Series B cash.

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French-based cybersecurity startup Riot has raised$ 30 million ( €29 million ) in its Series B funding round led by Left Lane Capital.

The funding round, which brings Riot’s total capital raised to$ 45m, also saw contributions from Y Combinator, Base10, and FundersClub.

Riot is the real-time individual security checking option. The Riot system was created to help cybersecurity teams assess and improve the digital posture of their employees.

Riot’s approach to security involves robot program, Albert, which can be accessed on Slack, Microsoft Teams, or via a web interface.

According to Benjamin Netter, the founder and CEO of Riot,” Hackers are utilizing the most recent developments in artificial intelligence to produce extremely precise and advanced attacks capable of deceiving the most vigilant employees.”

We are working against the clock to create devices to shield organizations from these new threats. By 2027, we hope to defend more than ten million of our workforce.

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Founded in 2020, Riot now offers security to more than 1, 500 companies across various industries.

Its clients includes technical organizations like Mistral AI and Modern Treasury as well as established businesses likeL’Occitane and Le Monde.

The profits will be used by Riot to expand its product line and reach abroad, including the launching of two new offices and doubling its workplace over the course of the next year.

Left Lane Capital partner Matthew Miller said:” As AI technology continues to mature, phishing attacks will become more complex, individualized, and harder to detect. The best defense against these changing threats is to equip your staff with the necessary resources and expertise.

The first line of defense against cyberattacks is” Riot’s modern technique.” Making these education and prevention tools a need now more than ever, the cost of a data breach or attack has major financial and reputational implications for companies.

In 2023, Riot raised$ 12m in a Series A round, which focused on developing its all-in-one security recognition software for businesses and employees.

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