Nexusflow, a Palo Alto, CA-based startup using generative AI to help companies make sense of cybersecurity data, raised a $10.6 million seed funding, bringing its post-money valuation to $53 million.
SaaS Investors
The round was led by Point72 Ventures, with participation from the Fusion Fund and several AI luminaries in Silicon Valley.
Founded in 2016, Point72 Ventures is a venture capital firm based in New York, New York. The firm seeks to invest in companies operating in the financial technology, deep tech, artificial intelligence, machine learning, healthcare, and enterprise technology sectors.
Nexusflow Use of Funds
The funds will be put toward hiring, R&D, and ongoing product development. Nexusflow plans to double its team from 10 full-time employees to 20 by the end of the year.
About Nexusflow
Founded by Kurt Keutzer, Jiantao Jiao, and Jian Zhan, Nexusflow is a generative AI company focused on the cybersecurity industry, offering solutions that enable enterprises to protect sensitive data while utilizing advanced AI models. The platform leverages open-source large language models to enable users to control security software, retrieve metrics, and gain insights using natural language commands.
Funding Details
Company: Nexusflow.ai Inc.
Raised: $10.6M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Point72 Ventures
Additional Investors:
Company Website: https://nexusflow.ai/
Software Category: Generative AI Cybersecurity Solutions
Source: https://techcrunch.com/2023/09/28/nexusflow-raises-10-5-to-build-a-conversational-interface-for-security-tools/