Cybersecurity startup CyCraft raises US$5.65m in Series B round

TAIWAN-BASED technology firm CyCraft, which provides artificial intelligence (AI) solutions to enhance cybersecurity of businesses, on Friday announced a US$5.65 million fundraise in a Series B round. In total, CyCraft's total funding now amounts to US$8.15 million. Backers of this investment include Singapore-based investment company Pavilion Capital, and CID Group, an investment company based in Taiwan. Funds raised will propel the startup's research efforts in enhancing its AI technology and support market expansion in Asia. The firm has also formally launched SecOps Platform, an AI-driven platform which offers three variations of automated cybersecurity solutions.