Bolster, an automated digital risk protection firm, has scored $15m in a new investment round.
The round was headed by Cervin, Cheyenne Ventures and Liberty Global Ventures and saw participation from investors such as Crosslink Capital and Thomvest Ventures.
In addition, Cervin general partner Shirish Sathaye and security industry veteran Manoj Apte have joied the Bolster board.
The Bolster Platform provides 360-degree digital risk protection purpose-built for modern enterprises. From detection to takedown, the Bolster Platform fully automates the entire process across multiple attack vectors including websites, domains, social media platforms, mobile app stores, marketplaces, and the dark web.
According to Bolster, the funding will be used to fuel growth to help more global customers detect and remediate threats across web, app stores and social media.
Bolster CEO Abhishek Dubey said, “As the digital ecosystem expands at an accelerated rate, the modern company’s public attack surface is more vulnerable than ever. The same touch points used to connect with customers are being exploited by attackers to phish employees, steal private data, and destroy customer trust.
“The big problem that keeps companies from being able to protect their brand, customers, and employees is scaling detection and remediation across the massive volume of data on the web. It’s critical that companies adopt automation to detect and take down fraudulent sites and content so they can scale to fight this problem.”
Apte added, “Digital Risk Protection is hitting critical mass as organizations shift revenue and customer engagement to digital media and web3.0. Financially motivated attackers are targeting consumers and employees at an alarming rate under the guise of known brands.
“This threat to consumer confidence requires scaling dedicated security teams in the SOC. Bolster’s AI-based detection and fully automated takedown service dramatically speeds up remediation, minimizes repetitive tasks, and increases customer confidence.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
