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Prophet Security secures $11M in seed financing led by Bain Capital Ventures to supercharge security operations with Prophet AI for Security Operations.

PRIVATEApr 23, 2024•about 2 years ago

Amount Raised

$11 Million

Round Type

Seed

Palo AltoArtificial IntelligenceSecurityCyber Security

Investors

Bain Capital Ventures (Bcv)

Description

Prophet Security emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors. The company unveiled Prophet AI for Security Operations, an AI-powered platform that automates manual steps and eliminates constraints in security operations.

Company Information

Company

Prophet Security

Location

Palo Alto, California, United States

About

Prophet Security empowers organizations to triage, investigate, and respond to alerts with unparalleled speed and accuracy. As a force multiplier, Prophet Security enhances SecOps productivity and lowers costs while driving better security. Prophet Security synthesizes incoming alerts, develops and executes an investigation plan and even suggests steps for remediation. This is done with full visibility into the underlying evidence of each finding. We are backed by Bain Capital Ventures as well as several prominent security leaders and angel investors.

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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