Prophet Security, a company that has just stepped out of stealth mode, has announced securing $11m in seed funding.
This round of financing was led by Bain Capital Ventures (BCV) with notable participation from various security leaders and angel investors.
The new investment will boost Prophet Security’s mission to automate and enhance security operations with its flagship solution, Prophet AI for Security Operations. This AI-driven platform is designed to triage, investigate, and respond to security alerts rapidly, often in seconds, which substantially reduces the mean time to response (MTTR) for organisations. The AI technology minimises manual intervention in analysing threats, thereby freeing up security analysts to concentrate on more strategic tasks.
With the funding, Prophet Security plans to further develop its technology and expand its market reach. The company aims to address the long-standing challenges faced by security operations centres (SOCs) which deal with a high volume of alerts, contributing to analyst fatigue and high turnover rates. By automating the initial stages of the alert investigation process, Prophet Security enhances productivity and reduces the operational costs associated with manual triage and investigation.
Kamal Shah, co-founder and CEO of Prophet Security, emphasised the transformative potential of their platform, “The vast majority of recent security investments have focused on tools that detect threats and generate alerts.
“Frankly, there has been a notable lack of emphasis on swiftly dealing with the growing influx of alerts. Prophet Security delivers a fundamentally new approach to handling alerts, thereby easing a significant burden for security operations teams while increasing the effectiveness of existing security tools and lowering overall risk for the organization.”
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