BforeAI, renowned for its cutting-edge predictive attack intelligence and digital risk protection, has successfully closed an oversubscribed $10 million Series B funding round, led by Titanium Ventures.
With total funding now exceeding $30 million, the company plans to scale its market presence in the utilities, pharmaceutical, and healthcare sectors. The investment will further enhance its PreCrime™ platform, boost sales efforts, and solidify strategic partnerships.
The company which was founded in 2018 and based in Paris relocated to the United States in April 2024 and is valued at more than USD $100 million.
“This investment round will enable us to continue our important work to predict and stop new types of attacks before businesses and their customers are harmed,” said Luigi Lenguito, CEO and Founder at BforeAI.
“We did not need the additional funding as we closed Series A with SYN Ventures less than 6 months ago,” Lenguito, said.
“We wanted to work with Titanium Ventures to accelerate our growth into new industry sectors where we have already seen recent success and further increase the scalability of our predictions.” he said.
“BforeAI offers a unique solution in a crowded cybersecurity market, being able to predict, disrupt and stop a cybersecurity event before it happens, putting the customer ahead of the attacker and out of their reactive response mode,” said Marcus Bartram, General Partner at Titanium Ventures.
“Titanium thinks that this capability is important and relevant to customers globally and are excited to be working with the BforeAI team to build a large and impactful company.” he said.
BforeAI’s mission is to protect networks, assets, and reputations by preempting risks. Powered by behavioral predictive intelligence, its PreCrime platform monitors 98% of the Internet, predicting threats 18 days ahead with just a 0.05% false positive rate.
Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider.
The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution.
Most recently, BforeAI was recognised by Gartner in its new report, “Cool Vendors for Artificial Intelligence in Banking and Investment Services.”
The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.
“BforeAI has quickly proven itself as the leader in predictive security solutions,” said Maria Gotsch, President and CEO, Partnership Fund for New York City.
“We were excited to support BforeAI’s relocation of its headquarters to New York following their participation in our FinTech Innovation Lab,”
“By expanding their focus to utilities with this funding round, BforeAI has the potential to play a key role in protecting critical infrastructure in the city and beyond.” Gotsch said.
Existing investors SYN Ventures, Karista, and Addendum Capital, recognizing the company’s strong growth trajectory, participated in this round to maintain their ownership stakes. Stamina Law in New York City, by Jade Ruscev, provided legal counsel to the company for the financing round.
About BforeAI
BforeAI leads in Predictive Attack Intelligence and Preemptive Cyber Defense. Its PreCrime™ platform leverages behavioral AI to predict and block malicious campaigns weeks before they occur.
Named a Gartner Cool Vendor for AI in Banking and Investment Services, BforeAI sets the standard in proactive cyber protection.
About Titanium Ventures
Titanium Ventures fuels disruptive growth, supporting standout innovators with its Revenue Acceleration Platform. With 104 investments and 44 exits, including Auth0, CrowdStrike, and GitLab, the firm has driven over $660M in portfolio revenue.
