Threat hunting and intelligence company Group-IB has received a grant as part of Singapore’s Cybersecurity Industry Call.
The funding comes from TNB Ventures, which is supporting the government initiative.
With the support of the capital, Group-IB plans on completing the development of its AI-driven cyber investigation solution, which is capable of identifying hidden connections with the cybercriminal underworld.
Group-IB’s technology is designed to detect and predict cyber threats from a range of sources, including the dark web, and joining them with threat actors to reveal their identities.
Group-IB head of sales and business development in APAC Shafique Dawood said, “The collaboration between private cybersecurity companies and the government is essential in strengthening Singapore’s cybersecurity posture and we are honoured to receive support from CSA which plays a critical role in providing opportunities for cybersecurity companies to develop innovative solutions that address the cybersecurity challenges of key sectors in Singapore.”
The Cybersecurity Industry Call for Innovation was set up by the Cyber Security Agency of Singapore and TNB Ventures in 2019, with the goal of helping cybersecurity companies develop new solutions.
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