SafeGuard Nabs $45M To Combat Cybersecurity Risks Using AI - AI Summary

SafeGuard, a cloud platform designed to protect assets from cybersecurity threats and risk factors, today announced it has raised $45 million in a mix of equity and debt. SafeGuard, which was founded in 2014, develops products that identify risks in communication channels such as social media, chat apps, and collaboration platforms -- like Slack, LinkedIn, and WhatsApp. SafeGuard also helps companies take action and claims it can shield high-profile or targeted individuals from account takeovers, spearphishing, malicious content, threats of violence, and misinformation, as well as bad actor connections. To this end, SafeGuard leverages an AI-powered engine called Threat Cortex that detects and spotlights risks across different attack surfaces. On the compliance side of the equation, SafeGuard offers a tool that taps AI to alert employees, customers, and partners if their digital communications are at risk of violating regulations like the Financial Industry Regulatory Authority and Financial Conduct Authority.