On April 23, 2024, the AI startup based in Palo Alto, California, USA, specializing in security operations automation Prophet Security announced it has raised $11 million in seed round funding. The round was led by Bain Capital Ventures (BCV), with participation from several security leaders and angel investors.
Prophet Security plans to use the raised funds to advance its AI-driven security operations platform—Prophet AI for Security Operations.
Prophet Security was founded by serial entrepreneurs and cybersecurity veterans Kamal Shah and Vibhav Sreekanti. The company's main business is providing automated alert triage, investigation, and response services. Its security operations platform can triage, investigate, and respond to alerts in a short time, significantly reducing mean time to respond (MTTR), and by eliminating manual, repetitive tasks, improves analyst productivity, allowing them to focus on more important security tasks.
(Source:Axios）