Bolster, a Los Altos, CA-based automated digital risk protection company, announced that it raised $15 million in funding.
The round was led by Cervin, Liberty Global Ventures, and Cheyenne Ventures, with participation from Thomvest Ventures and Crosslink Capital.
The funding will fuel additional company growth to help customers worldwide to detect and remediate threats across the web, social media, and app stores at a fraction of the time and operational cost of alternative solutions.
"As the digital ecosystem expands at an accelerated rate, the modern company's public attack surface is more vulnerable than ever. The same touch points used to connect with customers are being exploited by attackers to phish employees, steal private data, and destroy customer trust," said Abhishek Dubey, co-founder, and CEO of Bolster, Inc. "The big problem that keeps companies from being able to protect their brand, customers, and employees is scaling detection and remediation across the massive volume of data on the web. It's critical that companies adopt automation to detect and take down fraudulent sites and content so they can scale to fight this problem."
Shirish Sathaye, General Partner at Cervin, and Manoj Apte, security industry veteran and former Chief Strategy Officer of Zscaler, joined the company's board of directors.
Company: Bolster, Inc.
Raised: $15.0M
Round: Unknown
Funding Month: October 2022
Lead Investors: Cervin, Liberty Global Ventures, and Cheyenne Ventures
Additional Investors: Thomvest Ventures and Crosslink Capital
Company Website: https://bolster.ai/
Software Category: Automated Digital Risk Protection
About the Company: Founded in 2017 by security industry veterans, Bolster builds AI/ML technology to protect regular citizens from bad actors on the internet. Bolster is a fully-automated real-time online fraud prevention called Automated Digital Risk Protection. The Bolster Platform provides 360-degree digital risk protection purpose-built for the modern enterprise. It fully automates the entire process across multiple attack vectors, including websites, domains, social media platforms, mobile app stores, marketplaces, and the dark web. Its mission is to make the internet safe for everyone, and its headquarters is in Los Altos, CA.
Source: https://www.prnewswire.com/news-releases/bolster-closes-15-million-financing-round-to-help-more-global-companies-detect-and-remediate-digital-threats-in-minutes-not-months-301651810.html