AI-powered Cybersecurity startup CalypsoAI secured $13 Million in Funding

CalypsoAI, a Dublin based AI Cybersecurity Company, has now secured $13 million in a Series A funding round.

CalypsoAI is founded by the Neil Serebryany in the year 2018. It is focused on accelerating and securing an enterprise adoption of AI and ML, AI accreditation to defenses against adversarial machine learning attacks.

The company serves customers in national security, finance, and other highly regulated industries.

Neil Serebryany, founder and CEO of CalypsoAI, said, "We are excited to continue our growth with the backing of Paladin and some of the leading venture firms in the industry. Their support allows us to rapidly expand while providing our clients with the solutions to accelerate their adoption of secure, trusted AI."

Mourad Yesayan, Managing Director at Paladin, who will join CalypsoAI’s Board of Directors, said, "We’re delighted to partner with CalypsoAI in its mission to provide powerful solutions that enable organizations to confidently adopt AI technologies at scale. The founding team’s experience across DoD, DARPA, and world-class cybersecurity companies is the ideal blend of talent to deliver their technology platform that solves these complex issues for commercial enterprise, critical infrastructure, and government customers."

The Paladin Capital Group led the latest funding round. Other participating investors include the 8VC, Lightspeed Venture Partners, Lockheed Martin Ventures, Manta Ray Ventures, Frontline Ventures, Pallas Ventures, and other financial and strategic investors.

Post funding, Mourad Yesayan, the Managing Director at Paladin, will now join CalypsoAI, Board of Directors team.

The company, as of now, has plans to use the new funds to expand across the globe, increase the adoption among enterprises, and progress with the innovation.

PC: Pablo, Pixabay