, a European employee-focused cyber-protection technology platform, has raised$ 30 million in Series B money. The round was led by New York-based venture capital firm alongside involvement from existing buyers – Y Combinator, Base10, and FundersClub.
This investment does help Riot advance its product line and expand internationally, strengthening its position as a business leader in individual security. The funding round brings Riot’s total raised capital to$ 45 million at a valuation of$ 170 million.  ,
To start new global offices ,
The business will use the fresh funds to increase its workforce over the upcoming 12 months. It intends to launch two new global offices in reverse and intensify its work on characteristic development. It is adding new features to its existing hacking campaign simulation tool as well as adding new security training capabilities.
AI-enhanced computer dangers
Hackers are now able to create very complex cyberattacks thanks to the rapid development of conceptual AI and the widespread use of digital data. These AI-driven challenges, such as individualized phishing attacks, exploit people vulnerabilities, making employees more vulnerable. As a result, there is a remarkable 1, 265 % rise in phishing happenings over two centuries, exposing businesses to major security challenges.
By utilizing AI-driven security solutions designed to identify and neutralize powerful attacks, Riot combats these threats.  ,
Strengthens computer resilience
The second real-time staff security monitoring tool was created at Y Combinator in Paris in 2020 by Benjamin Netter and Louis Cibot. The program gives cybersecurity teams in all sizes the ability to assess and evaluate their employees ‘ cyber posture, giving them the best chance of surviving hackers.  ,
Its strategy includes:
- AI-powered risk diagnosis: Albert, an AI-powered robot identifies and mitigates personalised hacking efforts before they reach employees.
- Automated reaction mechanisms: Responds in real time to have potential breaches.
- Employee education &, consciousness: Uses AI simulations to strengthen cyber hygiene and minimize human error.
It provides flagged realms, or domains that closely match the URLs of legitimate companies ‘ sites, with more than 400 phishing email templates.
User base ,
As per Riot, its app already protects about 1 million workers across more than 1, 500 companies. Mistral AI and Y Combinator, one of the individuals in the software maker’s most recent money round, are two of the companies that are listed. Also, Riot says its quarterly earnings topped$ 10 million next year.  ,
According to Benjamin Netter, Founder and CEO of Riot,” Hackers are utilizing the most recent advances in artificial intelligence to produce extremely precise and powerful attacks capable of deceiving the most competent employees.” We’re in a race against time to create devices to shield organizations from these new risks. By 2027, our purpose with Riot is to safeguard more than ten million people.
Hackers who rely on individual security issues to launch successful attacks find it more difficult to cope with with this strategic approach. ” As AI technology continues to mature, phishing attacks will become more advanced, personalised, and harder to detect. The best defense against these changing threats is to equip your staff with the necessary resources and information, according to Matthew Miller, Partner at Left Lane Capital. People are Riot’s second line of defense against cyberattacks, according to their innovative approach. Making these education and prevention tools a necessity now more than ever, the cost of a data breach or attack has important financial and reputational implications for companies.